Microscope Market Size, Share & Trends Analysis Report By Product (Electron, Scanning Probes), By Application (Nanotechnology, Life Science), By Component, By End User, By Region (APAC, North America), And Segment Forecasts, 2023 - 2030

Report Overview

The global microscope market size was valued at USD 11.1 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.98% from 2023 to 2030. The 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 among the key factors boosting the market growth. Moreover, the establishment of microscopy to promote research activities is contributing to the increasing 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. Furthermore, technical advancements to integrate with display modalities for high definition and 3-dimensional images are expected to boost the demand during the forecast period. The integration 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.

IoT generates demand for memory, connectivity, sensors, and microcontrollers, using the neural networks for analyzing data to improve 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. Increasing focus on R&D for applications, such as neuroscience, life sciences, nanotechnology, and semi-conductor, is expected to increase the adoption rate of microscopes.

COVID-19 microscope market impact: 6.9% increase from 2020 to 2021

These microscopes provide high image resolution, which is necessarily required while investigating cell signaling pathways and studying cancer cell proliferation. In addition, scanning probe microscopes are not dependent on the wavelength of the light source for magnification, which makes them suitable for gas & liquid environments and enables viewing of both insulator and conductor specimens. In addition, the manufacturing industries, such as microelectronics, automotive, 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 share of more than 41.53% in 2022. 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 devices is relatively high as compared to optical devices. The market penetration of electron microscopes is expected to increase due to the association between manufacturers and academic/research organizations.

The Scanning Probes Microscope (SPM) segment is expected to register the fastest CAGR of 9.43% during the forecast period owing to the ability of these devices to visualize subcellular components. The growing number of applications and rapid technological advances are the factors driving the growth of this 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. Thus, 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 the largest revenue share of 33.61% in 2022. The instrument used in 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, the growing application scope in the diagnosis of diseases is spurring the growth of the market.

The nanotechnology application is expected to register the fastest market growth with a CAGR of 9.54% during the forecast period. Huge investments are being made in nanotechnology R&D and thereby expanding the scope of product application. Material sciences include microscopes that are required to understand properties, atomic and subatomic structures, and associated functions. A wide range of microscopes from compound to highly-efficient electron microscopes is used based on the degree of magnification required. The material sciences segment also includes 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 dominated the market and captured the largest revenue share of more than 36.68% in 2022 and is expected to register the fastest market growth with a CAGR of 9.16% during the forecast period. The presence of leading manufacturers in countries, such as Japan, coupled with a thriving number of local manufacturers in countries, such as China and India, are the factors spurring the growth of the region. The constantly increasing number of healthcare facilities, rising demand for diagnostic centers, and growing R&D projects are anticipated to support the regional market growth over the forecast period. 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 are primarily 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 market in North America. Latin America has been attracting the attention of major pharmaceutical and biotechnology companies for their clinical trial projects in the region on account of the presence of a less stringent regulatory framework, the easy availability of a patient pool, and the presence of advanced research infrastructure. The governments of several countries in the region have simplified the approval processes for 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 implement the strategies, such as mergers, acquisitions, and liaisons, to expand their market share. Companies are also 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 some other strategies followed by market players to maintain their dominance. Some of the prominent players in the global microscope market include:

• Zeiss Group

• Bruker Corp.

• CAMECA

• Thermo Fisher Scientific, Inc.

• Nikon Corp.

• Olympus Corp.

• NT-MDT SI

• Hitachi High-Tech Corp.

• JEOL Ltd.

• Oxford Instruments (Asylum Corporation)

Microscope Market Report Scope

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 2017 to 2030. For this study, Grand View Research has segmented the global microscope market report based on product, application, component, end user and region:

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • 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, 2017 - 2030)

  • Material Science

  • Nanotechnology

  • Life Science

  • Semiconductors

  • Other Applications

• Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Microscopes

  • Accessories

  • Software

• End User Outlook (Revenue, USD Million, 2017 - 2030)

  • Industries

  • Academic & Research Institutes

  • Other End Users Microscopes

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • India

    • China

    • Japan

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE