GVR Report cover Microscope Market Size, Share & Trends Report

Microscope Market Size, Share & Trends Analysis Report By Product (Optical, Electron, Scanning Probe), By Application (Nanotechnology, Life Science), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2021 - 2028

  • Published Date: Aug, 2021
  • Base Year for Estimate: 2020
  • Report ID: 978-1-68038-033-0
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 143

Report Overview

The global microscope market size was valued at USD 9.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.93% from 2021 to 2028. Growing application scope and high demand for technologically advanced magnification devices are the factors driving the market. High demand from the healthcare sector and the rapidly growing semiconductor industry are also projected to boost the market growth. Moreover, the establishment of microscopy to promote research activities is contributing to the growing product demand. The development of technically advanced products with capabilities, such as faster performance and easy sample preparation techniques, are expected to boost the penetration of microscopes in the market.

U.S. microscope market size, by product, 2018 - 2028 (USD Billion)

Furthermore, technical advancements to integrate with display modalities to display images in high definition and 3-dimensional views are expected to boost the product demand during the forecast period. The advent of advanced technologies, such as the Internet of Things (IoT), deep learning, and Extended Ultraviolet Lithography (EUVL), is contributing to the growth of the industry.

The IoT generates demand for memory, connectivity, sensors, and microcontrollers, using the neural networks for analyzing data improves the manufacturing of Integrated Circuits (ICs), and EUVL contributes to high-end computing chip manufacturing. Electron microscopy provides high-resolution imaging and enables a wide evaluation range from packaged devices to the atomic level gate structure. Electron beam-based systems have applications in analyzing device failure sources to improve the manufacturing process.

COVID-19 Microscope Market Impact: 0.3 % decline from 2019 to 2020

Pandemic Impact

Post COVID Outlook

During the pandemic, there has been a decrease in manufacturing and supply of all kinds of medical devices, including microscopes, due to the sudden shutdown of activities to prevent the spread of the infection

Due to the loss of revenue in many industries, the sales/demand for new microscope devices is expected to remain low in 2021. However, for the life science industry, the circumstance has presented an opportunity

Companies, such as Bruker Corp. and Cameca, reported a decline in revenue for the year 2020

The pandemic has stimulated the huge demand for the vaccine to control the infection rate. Thus, COVID-19 is expected to positively affect the product demand during the forecast period for R&D success

 

In addition, the manufacturing industries, such as microelectronics, automotive, and aerospace, and medical device manufacturers utilize these instruments to monitor the entire production process, enhance the output & quality, and reduce costs. The introduction of novel techniques, such as piezoelectric techniques, to view the specimen accurately at standard temperature and pressure is expected to drive the market during the forecast period.

Product Insights

The electron microscope segment dominated the market and captured the largest revenue of over 42% in 2020. Electron microscopes in contrast to optical microscopes use an accelerated electron beam as the source of illumination. The shorter wavelength of electrons as compared to visible light results in the high resolving power of electron microscopes. Industries and established research laboratories are among the end-users of electron microscopes, as the cost of these microscopes is higher than optical microscopes. The market penetration of electron microscopes is expected to increase due to the association between manufacturers and academic/research organizations. The Scanning Probes Microscopes (SPMs) segment is expected to register the fastest CAGR during the forecast period owing to rising demand for these devices due to their ability to visualize sub-cellular components.

The growing number of applications and rapid technological advances are also driving the growth of the segment. SPMs are used in fields, such as natural surface topography, study nanostructures including integrated circuits and diffraction grating, and biological materials including DNA and cell membranes. Optical technology-based products are widely used in academic and life science research institutes for cellular or subcellular imaging. The increasing number of academic institutions is fueling the demand for optical devices.

Application Insights

The life science segment dominated the market and accounted for a revenue share of more than 33% in 2020. The instrument used in the life sciences studies includes compound microscopes, such as upright, inverted, and fluorescence; laser microdissection, and digital microscopes. The usage of microscopes with high magnification, such as atomic force and electron microscopy, is significantly increasing to observe the genetic structures of viruses and bacteria.

In addition, growing applications in the diagnosis of diseases are spurring the growth of the segment. The nanotechnology industry is one of the fastest-growing application industries for the market. A large number of investments in nanotechnology research and developments and a resultant rise in the scope of product application are expected to fuel the segment growth.

Material sciences include microscopes that are required to understand properties, atomic and subatomic structures, and associated functions. A wide range of devices, from compound to highly efficient electron microscopes, is used based on the degree of magnification required. The material sciences segment also includes product applications in chemistry and solid-state physics along with industrial applications, such as inspection of metallic, ceramic, and polymeric surfaces for different industries.

Regional Insights

Asia Pacific led the global microscope market and captured the largest revenue share of over 35% in 2020. The presence of leading manufacturers in countries, such as Japan, coupled with a rising number of local manufacturers in countries, such as China and India, are the factors spurring the growth of the regional market. The constantly increasing number of healthcare facilities, increasing demand for diagnostic centers, and growing R&D projects are also anticipated to fuel the market growth over the forecast period.

Global microscope market share, by region, 2020 (%)

North America is also expected to gain significant market share over the forecast period. The presence of a large number of academic institutes, advanced healthcare infrastructure, and R&D institutes is driving the growth of the market. In addition, a significant number of market players are based in the U.S. Therefore, revenue generated by these players is contributing to the growth of the regional market.

Latin America has been attracting the attention of major pharmaceutical and biotechnology companies for their clinical trial projects in the region because of the presence of a less stringent regulatory framework, easy availability of patient pool, and presence of advanced research infrastructure. The governments of several countries in the region have simplified the approval processes of conducting clinical trials, foreseeing the advantages of competitive clinical trials. As a result, higher demand for microscopes was observed in the region.

Key Companies & Market Share Insights

The market is highly fragmented with the presence of many local players competing with international players. Major players are more focused on the research and development of new products to remain competitive in the sector. High R&D activities, global expansion strategies, wide product offerings, and frequent introduction of advanced versions of existing products are also among the key strategies followed by major market players to maintain their dominance. Prominent players in the global microscope market include:

  • Carl Zeiss Meditec AG

  • Bruker Corp.

  • Cameca

  • Thermo Fisher Scientific, Inc.

  • Nikon Corp.

  • Olympus Corp.

  • NT-MDT SI

  • Hitachi High-Tech Corp.

  • JEOL Ltd.

  • Oxford Instruments (Asylum Corp.)

Microscope Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 10.25 billion

Revenue forecast in 2028

USD 17.5 billion

Growth rate

CAGR of 7.93% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Japan; Thailand; South Korea; Mexico; Brazil; Colombia; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Carl Zeiss Meditec AG; Bruker Corp.; Cameca; Thermo Fisher Scientific, Inc.; Nikon Corp.; Olympus Corp.; NT-MDT SI; Hitachi High-Tech Corp.; JEOL Ltd.; Oxford Instruments (Asylum Corp.)

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global microscope market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Optical

      • Upright

      • Inverted

      • Stereomicroscopes

      • Phase Contrast

      • Fluorescence

      • Confocal Scanning

      • Near Field Scanning

      • Other Optical Microscopes

    • Electron

      • Scanning Electron

      • Transmission

    • Scanning Probe

    • Others

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Material Science

    • Nanotechnology

    • Life Science

    • Semiconductors

    • Other Applications

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Thailand

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

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