Life Science Microscopy Devices to Witness Notable Growth Due to its Exceptional Operational Capabilities

The global life science microscopy devices market is foreseen to witness a significant rise in the coming years. There are several microscopes in the market for various purposes and with operational abilities. Optical microscopes for example phase contrast, stereo microscopes, and fluorescence microscopes work on the phenomenon of reflection of lights. Another type of microscope which work on electron beam properties in order to reflect and magnify the images and electron microscope. Such various purposes of microscopes in different fields have contributed in the steady growth of the life science microscopy devices market. As per the report by Transparency Market Research (TMR) the global demand for life science microscopy devices is likely to soar with a moderate CAGR of 6.5% within the forecast period from 2016to 2024, with the expected worth of US$ 2.0 bn by the end of 2024. The value of the concerned market in year 2015 was evaluated to be worth US$ 1.1 bn.

What outstanding features and applications drive the life science and microscopy devices market?

Due to the emergence of usage in various sectors such as material science, semiconductors technology, nanotechnology, and other life science sectors, the surge in demand for microscopy devices is anticipated to grow as well. New and propelled microscopic instruments are being launched in the market which are empowering specialists around the globe to go down at minute and detailed levels, and examine the cells, materials, and with high accuracy and 3D imaging services. Moreover, with the advancement in technology with advent of integrated microscopes furnished with all the fundamental and extra features, for example, high resolution camera, imaging instruments and technique such as Raman spectroscopy, and several other features are relied upon to drive the development of the microscopy gadgets in the life science field. Howbeit, due to emergence of lot of players in the market there has been a significant rise in the competition in the market. This is likely to hamper the market growth in the coming years.

Which segment dominated the market due to its varied usage in the global market?

On the basis of device type, the global life science microscopy devices market is broadly segmented into electron microscopes, scanning probe microscopes, and optical microscopes. However, the market was analyzed to be dominated by optical microscope in year 2015. This segment comprises of inverted microscopes, near field scanning microscopes, fluorescence microscopes, phase contrast microscopes, confocal scanning microscopes, stereo microscopes, and several other varieties of microscopes. The growing demand of microscopes in developing countries, especially in healthcare industry including clinics, laboratories, pathology, toxicology and pharmacology applications are also adding up to the growth in the market.

What factors fueled up the growth of microscopy devices in North America Market?

Apart these, based on geographical regions, the market is segregated into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. North America reigned the microscopy devices market in 2015 accounting 47.3% of the entire market shares. The major reason behind this surge is the increase in funding provided for the research and development in life science and biomedical department. This factor is expected to keep on fueling the region’s growth in coming year as well. Europe is following the race, where it emerged as the second leading region in the market in the following year. Nonetheless, Asia Pacific Market is foreseen to surpass all the region and dominate the entire global market for life science microscopy devices holding a steady CAGR in coming years.

Some of the key players in the industry are Nikon Corporation, JOEL Ltd., Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmBH, NT-MDT, Olympus Corporation, Bruker Corporation, FEI Company, Leica Microsystems, and Cameca SAS. Each of them is striving to develop more precise and accurate products to sustain their market position, along with providing customer satisfaction and being easy on pockets as well.


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