Microscopy Market Size - By Product (Optical, Electron, Scanning Probe), By Component (Microscopes, Accessories, Software), By End-use (Diagnostic Centers, Academic & Research Institutes), Global Forecast 2024-2032

Microscopy Market Size

Microscopy Market size was valued at USD 9.1 billion in 2023 and is estimated to account for USD 17.4 billion by 2032.

Microscopy refers to a branch of science and technology that includes the use of microscopes to see and study things that are too tiny to see with the naked human eye. Microscopy enables scientists to observe and understand the detailed structures, features, and behaviors of small entities such as cells, tissues, microbes, crystals, nanoparticles, and other minute components. Microscopy is critical in increasing scientific knowledge, facilitating breakthroughs, and supporting numerous disciplines of study, thereby increasing adoption rate.

Moreover, the rising development of technological advancements, such as nanotechnology and regenerative medicine is further augmenting the market trends. Furthermore, technological advancements in microscopy have led to the development of novel imaging modalities, such as stimulated emission depletion (STED) microscopy, single-molecule localization microscopy (SMLM), and structured illumination microscopy (SIM),). These techniques offer enhanced resolution, faster imaging speeds, and the ability to visualize molecular-level details thereby, expanding the possibilities for nanotechnology and regenerative medicine research.

In addition, microscopy plays a crucial role in visualizing, characterizing, and understanding the complex structures and processes involved, contributing to advancements in these fields and paving the way for innovative applications in healthcare, materials science, and biotechnology.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the microscopy market. The pandemic increased the demand for microscopy techniques in research investigations relating to understanding virus, analysing its behaviour, and creating diagnostic measures. Moreover, with the installation of social distancing measures and laboratory access limitations, the demand for remote microscopy solutions increased. However, the pandemic disrupted global supply chains, that led to shortages of medical products, including microscopy devices.

Microscopy Market Trends

Advancements in microscopy modalities have been a significant driver for the microscopy industry. The incorporation of microscopy with spectroscopy techniques has increased the adoption rate of microscopy devices as it allows for simultaneous imaging and chemical analysis of samples, revealing valuable information about their composition, molecular interactions, and spatial distribution of specific compounds. Moreover, the advancement of smaller and portable microscopy devices is expanding the scope of point-of-care diagnostics, field research, and remote monitoring. This has led to a growing demand for microscopy devices and is anticipated to continue stimulating the market growth.

Microscopy Market Analysis

The microscopy market by product is bifurcated into optical, electron, and scanning probe. Optical segment is further classified into upright, inverted, stereomicroscopes, phase contrast, fluorescence, confocal scanning, near field scanning and other optical microscopes. Also, electron is subdivided into scanning electron and transmission. The optical segment is anticipated to witness highest CAGR at 7.7% during the forecast period. The upsurge in the segmental growth can be attributed to the several benefits such as versatility, cost-effectiveness and ease of use among others. Furthermore, optical microscopy enables non-destructive imaging of samples, as well as provide real-time imaging capabilities.
 

Based on component, the microscopy market is segmented into microscopes, accessories, and software. The microscopes segment held the largest revenue size of USD 4.5 billion in 2022 and is estimated to witness significant growth over estimated timeframe. The high segment growth attributable to the rising innovation in microscopy technology. The progress of microscopy to help in research operations will spur product demand. Furthermore, the increasing research and development activities in the field of microscopy, as well as expanding application scope and increasing demand for technologically complex magnification equipment are few aspects propelling the market landscape.

The microscopy market is segregated by end-use into diagnostic centers, academic & research institutes, and others. The academic & research institutes segment held significant market share accounting for USD 3.3 billion in 2022 driven by rising use of microscopes in R&D operations in the domains of biological sciences, semiconductors, and materials science. Microscopes are frequently employed in academic research organizations for a variety of purposes, including cancer diagnostics and neurology. Furthermore, the increasing availability of financing and support for life science research is a crucial element driving the market expansion.

U.S. microscopy market accounted for USD 3.4 million in revenue size in 2022 and is predicted to witness considerable market growth over the estimated timeline The significant R&D expenditures, the availability of sophisticated microscopy equipment from industry key leaders, strong presence of a large number of prominent research organizations and universities, and rising focus on nanotechnology, particularly in the U.S. will stimulate the market growth in the coming years.

Microscopy Market Share

Some of the prominent business participants operating in the microscopy market include:

• Abbott Laboratories
• Bruker Corp.
• Carl Zeiss
• Hitachi High-Tech Corp.
• CAMECA
• Thermo Fisher Scientific, Inc.
• Olympus Corporation
• Nikon Corp.
• JEOL Ltd.
• Agilent Technologies Oxford Instruments (Asylum Corporation)
• GE Healthcare

These market players are undertaking several growth strategies including partnerships, collaborations, acquisitions & mergers, and new product development & launches to strengthen their product portfolio as well as gain a competitive edge over others.

Microscopy Industry News:

• In April 2022, Thermo Fisher Scientific Inc. launched an advanced cryo-transmission electron microscope. This microscope was developed to be utilized for the development of prospective treatments, medications, and diagnostic procedures which has offered a competitive edge to the firm.
  
   
• In October 2022, Carl Zeiss Microscopy, LLC, partnered with Ultivue Inc. to commercialize ZEISS Axioscan whole slide imaging system with Ultivue's multiplex biomarker assays used for tissue phenotyping. The partnership aimed at providing streamlined solutions from tissue preparation to image acquisition and analysis for applications in immunology, cancer biology, and drug development for researchers in biotech, academia, pharma, and CROs. Such collaborations are focused towards broadening the operational capabilities of both firms.
   

Microscopy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Product (USD Million & Units)

• Optical
  • Upright
  • Inverted
  • Stereomicroscopes
  • Phase contrast
  • Fluorescence
  • Confocal scanning
  • Near field scanning
  • Others
• Electron
  • Scanning electron
  • Transmission
• Scanning Probe

By Component (USD Million)

• Microscopes
• Accessories
• Software

By End-use (USD Million)

• Diagnostic centers
• Academic & research institutes
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Switzerland
  • The Netherlands
  • Denmark
  • Poland
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • New Zealand
  • Thailand
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Turkey