Microscopes Market

Market Definition

The Microscopes Market size was valued at 7.27 billion in 2022 and is predicted to reach 13.01 billion by 2030 with a CAGR of 8.7% from 2023-2030. A microscope is a scientific instrument used for viewing very small objects or structures, and typically magnifies them up to 1000 times than their original size. Microscopes consist of two lenses, an objective lens, and an eyepiece. The objective lens is used to focus the image onto a viewing plane, while the eyepiece magnifies the image. The most common type of microscope used at present is the compound microscope, which uses both a condenser and an objective lens. This type of microscope is used to view cells and other small objects.

Microscopes are used to view and study a wide range of objects including bacteria, viruses, cells, and tissue samples and also used to analyze the structure of materials such as metals and plastics. Microscopes are able to detect changes in their structure, such as the presence of disease or other abnormalities. Microscopes are an essential tool for scientists and medical professionals, allowing them to examine and analyze the world around them in greater detail.

Market Dynamics and Trends

The increasing prevalence of chronic diseases, such as cancer and diabetes, is driving the demand for advanced diagnostic tools, including microscopes. Microscopes are used in the healthcare industry for a wide range of diagnostic and therapeutic applications, such as pathology, histology, cytology, and microbiology as well as in research and development activities in the pharmaceutical and biotechnology industries.

Also, the increasing investment in the life sciences sector is driving the demand for advanced microscopes, particularly in the fields of biotechnology and drug discovery allowing researchers to study the structure and function of cells, tissues, and organisms at the molecular and cellular levels. This in turn, helps researchers to understand the underlying mechanisms of diseases and develop new treatments.

Moreover, the growing adoption of microscopes in the electronics industry is driving the microscopes market significantly. In the electronics sector, microscopes play a crucial role in quality control, research, and development processes. Microscopes are essential tools for inspecting electronic components like PCBs, ICs, and microprocessors, ensuring product quality and reliability throughout the manufacturing process by identifying defects and imperfections. This increasing need for precision and reliability in electronics has led to a higher demand for sophisticated microscopy solutions, contributing to the market's growth.

However, the high imaging software subscription cost of advanced microscopes is restraining the growth of the market. On the other hand, the introduction of fully automated and AI-integrated software-based microscopes such as digital pathology scanners and AI-powered fluorescence microscopes are expected to create ample growth opportunities for the market in the future. 

Market Segmentation and Scope of Study

The global microscopes market is segmented on the basis of type, end-user, and geography.. Based on the type, the market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, and others. On the basis of end users, the market is divided into hospitals & diagnostic centers, academic & research institutes, industries & manufacturing, forensic laboratories, and Others. Geographical breakdown and analysis of each of the aforesaid classifications include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the global microscopes market share and is potently expected to remain dominant in the market throughout the forecast period. This is attributed to the increasing investment in research and development activities in industries such as life sciences, material sciences, and electronics coupled with the presence of a large number of research institutions such as the University of British Columbia, McGill University, and the University of Toronto in the region is driving the growth of the microscopes market. Moreover, the presence of major market players such as Thermo Firsher Scientific Inc. and Danaher Corporation that are adopting  strategies including product launches are further accelerating the growth of the market.

For instance, in August 2022, Thermo Firsher Scientific Inc., launched Thermo scientific arctis cryo-plasma focused Ion Beam (Cryo-PFIB), a new connected and automated microscope designed to advance the pace of cryo-electron tomography research. Moreover, in March 2022, Danaher Corporation, launched the world’s first Microhub ‘Mica’. It is a new type of wholly integrated imaging solution that leverages machine learning software, automation tools, and unique fluorescence unmixing techniques to automate the imaging workflow for researchers.

On the other hand, Asia Pacific shows substantial growth in the global microscopes market trends owing to the increasing adoption of advanced technologies, such as electron microscopes and super-resolution microscopes, in the pharmaceutical and biotechnology industries along with the growing number of research activities in the field of nanotechnology in countries like China and Japan. Moreover, the rising investment in medical equipment and technologies in countries including China and Japan, is further fuelling the growth of the microscopes market. According to Japan’s Ministry of Health, Labour and Welfare (“MHLW”) data, the Japanese market for medical devices in 2020 totalled USD 38 billion. According to CS Japan, U.S. imports may account for up to 60% of Japan's medical equipment industry, including manufacturing in Japan by U.S. enterprises. This trend is likely to drive the market's expansion as healthcare institutions seek to enhance their diagnostic and research capabilities with advanced microscopy solutions. 

Competitive Landscape

Various market players operating in the microscopes market include Bruker Corp., CAMECA, Danaher Corporation, Hitachi High-Tech Corp., JEOL Ltd., Nikon Corp., Olympus Corp., Oxford Instruments (Asylum Corporation), Thermo Fisher Scientific, Inc., and Zeiss Group. These market players are adopting various strategies such as innovation and collaboration to maintain their dominance in the global microscopes market.

For instance, in October 2022, ZEISS Groups launched a new interactive microsite, providing users with an immersive experience to explore its microscopy products and solutions. The microsite aims to enhance customer engagement and understanding of ZEISS's cutting-edge technologies in the microscopes market.

Also, in July 2022, Oxford Instruments launched the new Cypher L atomic force microscope (AFM) designed for researchers who need core AFM capabilities in research markets including polymers, 2D materials, quantum technology, and energy storage. 

Moreover, in June 2022, ZEISS Microscopy announced a strategic partnership with LabCentral, to provide access to key life science microscopy innovations for imaging and analysis solutions to researchers.

KEY BENEFITS

• The report provides quantitative analysis and estimations of the microscopes market from 2023 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the microscopes market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the microscopes market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report. 

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

KEY MARKET SEGMENTS

By Product   

• Microscopes

• Software

• Accessories

By Type 

• Optical Microscopes

• Electron Microscopes

• Scanning Probe Microscopes

• Others

By Application

• Research & Development

• Quality Control & Inspection

• Medical Diagnostics

• Semiconductor Inspection & Metrology

• Forensic Analysis

• Nanotechnology Research

By End-Users

• Hospitals & Diagnostic Centers

• Academic & Research Institutes

• Industries & Manufacturing

• Forensic Laboratories

• Others  

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

KEY PLAYERS

• Bruker Corp

• CAMECA

• Danaher Corporation

• Hitachi High-Tech Corp.

• JEOL Ltd.

• Nikon Corp.

• Olympus Corp.

• Oxford Instruments (Asylum Corporation)

• Thermo Fisher Scientific, Inc.

• Zeiss Group