The global Microscope Market is projected to reach USD 12.7 billion by 2024, exhibiting a 7.8% CAGR over the forecast period. The magnification and visualization devices such as microscope are the important part of scientific research and research and development activities. The newer industries such as polymer industry, nanotechnology, agriculture and atomic science are the key customer of this device. The new technology advancements such as faster performance and easy sample preparation fuel the market growth for microscope. The devices are capable of displaying images in high definition and in 3-dimensional views.
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Key Players:
The major player for Microscope
industry includes Hitachi High-Technologies Corporation, Asylum Research, FEI
Company, Olympus Corporation, CAMECA Instruments, Nikon Corporation, Bruker
Corporation, NT-MDT Company, Carl Zeiss AG, and JeoL Ltd.
Growth Drivers:
The optical technology captures
the highest market shares at academic institutes and science research
institutes for cellular or subcellular imaging activities. The adoption of
devices at academic institutes such as schools, colleges, universities and
private institutes and the growing research culture in developing countries as
well as at small scale industries raises the product penetration.
Product Insights
The product is categorized into
optical, electron, and scanning probe microscopes. The electron microscope
captures the highest shares due to its various applications and functions. Currently, the electron microscope dominate
the marketplace.
With technological advancement,
scanning probe microscope are gaining popularity in the market space due to
accurate magnifying capacity at atomic level giving sharp images. Thus, this
segment is expecting the fastest growth over the forecast period.
Application insights
The application segment is
classified in material science, nanotechnology, life science and
semiconductors. The life science segment holds 29.22% of revenue share and
dominates the industry followed by the semiconductors.
With recent development in
sciences, nanotechnology is gaining space in the industry. the recent research and developments in
pharmaceuticals, chemicals, biotechnology and other fields are boosting the
nanotechnological applications. Hence, this segment is anticipated to be the
fastest growing segment overt he forecast period.
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