Microscopy Market Analysis

Microscopy Market Analysis

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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.