The increasing demand for digital technologies will proliferated the growth of microscope market. The global microscope market was valued at US$ 9.7 Bn in 2020 is expected to reach US$ 16.62 Bn by 2027, with a growing CAGR of 8.0% during the forecast period (2021-2027).
The rising adoption of electron microscopy in the field of healthcare and life science are expected to accelerate the demand for microscope market during the forecast period. The increasing need for higher quality image and magnifications with less turn-around time from the customer is expected to create the lucrative opportunity to adopt electron microscope market. Moreover, the technological advancementsin the electron microscope have increased its demand for many healthcare applications such as nano-particle imaging, bio-technology, and molecular structuring, among others as well as application of an electron microscope is observed for data storage, material research, and biology & life sciences.
The technological advancement in electron microscope by the market players has increased industrial competition. Enhanced features such as higher magnification and low-light high-quality imaging, among other features have increased the market demand. The new product development and product launches uplift electron microscopy and microanalysis solutions that benefit the buyer within the end uses like healthcare, semiconductor & microelectronics, and assist scientists to collect information more accurately.
A scanning microscope is used in the semiconductor industry to examine the standard of components and devices developed as per the standards. Moreover, recent advancement in the microscopy techniques has regulate structure of devices and components developed at micro-level. Electron microscopes are used to inspect a good range of applications that is from packaged devices to atomic-level structures. Therefore, the increased demand in applications for the semiconductor and microelectronics industry accelerates the market demand.
An electron microscope is an advanced technology that is used in various industries such as automotive, healthcare, aerospace, & others. However, the high cost of electron microscope due to inbuilt electrons which improves the extent of the screen with the assistance of beams and makes images look more realistic is expected to hinder the market growth. Moreover, the high investments in the initial level might be hampering the electron microscopes growth majorly in small and medium enterprises.
Global Microscope Market by Region Outlook (Revenue, USD Million, 2021-2027)
In terms of geography,Asia-Pacific is anticipated to dominate and register the market share of 35% in 2020. The presence of big players in countries such as Japan coupled with a growing number of local manufacturers within the countries like China and India are the main factors influencing the expansion of the microscope market within the region. Moreover, the growing the number of healthcare facilities, growing demand for diagnostic centre, and rising research and development projects are projected to maintain the dominance of the region during the forecast period.
The Global Microscope Industry Segmentation:
Global Microscope Market by Product Outlook (Revenue, USD Million, 2021-2027)
Global Microscope Market by Application Outlook (Revenue, USD Million, 2021-2027)
Company Profiles and Competitive Intelligence
The key players operating in the market are: