Scanning Electron Microscope Market Size

Scanning Electron Microscope Market Size

Scanning Electron Microscope Market size exceeded USD 2.5 billion in 2020 and is poised to grow at over 6.8% CAGR between 2021 and 2027.

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Technological developments in scanning electron microscope (SEM) will considerably drive the market demand. Recent development in scanning electron microscope, especially in benchtop SEM has enhanced the quality control procedures, stimulating the industry growth potential.

Growing prevalence of various chronic disorders will impel the demand for advanced research and development activities. Thus, with rising demand for R&D and funding, the infrastructure in various healthcare and other industries is improving. As a result, increasing number of laboratories in academic institutes and industries such as semiconductors and material sciences among others, will drive the scanning electron microscope market demand. Considerable market growth will also be driven by increasing use of SEM to study surface morphology and properties regarding topography, fractography and chemical analysis, among others.

Increasing research and development activities in life science coupled with growing healthcare expenditure

The World Health Organization (WHO) reported millions of people affected by COVID-19 pandemic. This has stimulated the huge demand for vaccine to control the infection rate. Thus, outbreak of COVID-19 will also influence SEM demand during projection period for better research and development success. Thus, with rising prevalence of infectious diseases, scanning electron microscope market will witness substantial adoption over the coming years. However, high cost of the equipment may impede the market growth.