Global Microscopy Devices Market to Expand at 7.60% CAGR till 2020, Driven by Advanced Microscopy Research
The global microscopy devices market was valued at US$5.7 bn in 2013 and is expected to be valued at US$9.6 bn by 2020. The global microscopy devices market is expected to expand at a 7.60% CAGR due to research advancements and innovations in microscopy.
Innovations in Microscopy to Drive Global Microscopy Devices Market
Hitachi High-Technology Corporation, as a part of their Learning Labs program, recently delivered tabletop scanning electron microscopes to educational institutes across the U.S. A team of highly trained research scientists was appointed to study how electron microscopy can be most effectively used in grade-school classrooms. This study was conducted in New York, at the BioBus, a mobile laboratory that is operated by a team of highly qualified and trained research scientists. The BioBus, parked near a kindergarten-to-12th grade (K-12) school in New York, investigated the use of electron microscopy. On an average, six classes of 30 students each visited the BioBus in a day. Students who boarded the BioBus received hands-on experience of using research-grade microscopes. The main aim behind organizing the program was to offer the students live teaching and research internships at BioBus.
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On the BioBus, the students were encouraged to participate in various learning activities. They received hands-on experience and exposure to Daphnia, a genre of freshwater crustaceans. Students could examine the body of Daphnia by using a stereomicroscope. The BioBus, thus, was an example of how electron microscopy can be effectively used in grade-school classrooms for educational purposes. This shows that the horizons for the electron microscopy market can be easily widened.
Optical Microscopes to Account for 38.9% of Global Market
The global microscopy devices market is segmented on the basis of product, geography, and application. By product, the global microscopy devices market is divided into optical microscopes, electron microscopes, and scanning probe microscopes. With a 38.9% global market share, the optical microscopes segment dominated the global microscopy devices market in 2013. This segment recorded sales of US$2.2 bn in 2013, globally.
By application, the global microscopy devices market is divided into semiconductors, material science, life sciences, nanotechnology, and others. The life sciences sector dominated the global microscopy devices market in 2013 and is expected to expand at a 6.40% CAGR by 2020. The nanotechnology segment will be the fastest growing segment, predicted to expand at a 12.40% CAGR till 2020.
By geography, the global microscopy devices market is divided into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific microscopy devices market led the global microscopy devices market, accounting for 40.90% of the global market in 2013. Development of the Asia Pacific microscopy devices market is expected to be the fastest due to the high number of research and development activities initiated by schools, governments, universities, and research institutions across the region. Expansion of the semiconductor industry in most of the emerging nations is also predicted to drive the global microscopy devices market during the forecast period. However, complexities in preparing samples, instrumentation, and premium pricing are expected to restrict the growth of the global microscopy devices market. Increasing funding towards nanotechnology will further fuel the global microscopy devices market.
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Some of the leading companies in the global microscopy devices market are Hitachi High-Technology Corporation, FEI Company, NT-MDT Company, Danish Micro Engineering A/S, Bruker Corporation, Cameca SAS, Nikon Corporation, Carl Zeiss AG, JEOL Limited, Olympus Corporation, and Leica Microsystems.