USD 7.8 Billion
Report ID:
SQMIG35A2209 |
Region:
Global |
Published Date: September, 2024
Pages:
237
|Tables:
132
|Figures:
79
Microscopy Market size was valued at USD 7.8 Billion in 2023 and is poised to grow from USD 8.22 Billion in 2024 to USD 12.44 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
Growing investments in healthcare research and development are projected to primarily drive up the demand for microscopy going forward. High emphasis on advancements in nanotechnology is also anticipated to create new opportunities for microscopy companies going forward. Innovations in microscopy technologies and the development of advanced microscopes are also expected to aid microscopy market growth in the future. The growing need for better magnification capabilities in the healthcare industry for advanced research is also expected to bolster microscopy demand outlook in the future. Rising application scope of microscopy in multiple industry verticals other than healthcare is also estimated to create new opportunities for microscopy companies in the long run. On the contrary, high costs of advanced microscopes, extensive sample preparation times, and limited accessibility in developing countries are some key restraints that are estimated to slow down the microscopy market outlook across the study period and beyond.
US Microscopy Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 7.8 Billion
Largest Segment
Optical Microscopes
Fastest Growth
Electron Microscopes
Growth Rate
5.4% CAGR
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Global Microscopy Market is segmented by Type, Application, End User, and region. Based on Type, the market is segmented into Optical Microscopes (Confocal Microscopes, Stereo Microscopes, Digital Microscopes, Compound & Inverted Microscopes, Other Optical Microscopes), Electron Microscopes (Scanning Electron Microscopes, Transmission Electron Microscopes), Scanning Probe Microscopes (Atomic Force Microscopes, Scanning Tunneling Microscopes, Near-Field Scanning Optical Microscopes, Other Optical Microscopes), Accessories, Software. Based on Application, the market is segmented into Semiconductors and electronics, Healthcare and life sciences (Pharma–Biopharma Manufacturing, Clinical Diagnostics, Drug Discovery and Development, Other Healthcare Application (Forensic, Nanotechnology, Surgical Application and Cell Imaging), Materials Science, and Other Applications (Automotive, Aerospace, Environmental and Water Treatment Applications). Based on End User, the market is segmented into Industrial Users (Semiconductor and Electronic Industry, Automotive Industry, Food and Beverage Industry, Other Industries (Mining & Material Industry, Oil & Gas Industry)), Diagnostic and Pathology Labs, Pharma–Biopharma Companies and CRO's, Academic and Research Institutes, and Others (Hospitals, Diagnostic Centre, Blood Banks and Forensic Labs). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Optical microscopes are estimated to account for a major share of the global microscopy market forecast. Easy availability, high affordability, and ease of use are some key benefits that help optical microscopes account for a dominant stance in the global microscopy industry. Availability of multiple types of optical microscopes for different applications across various industry verticals will also help this segment generate more revenue in the long run. Digital microscopes are forecasted to bring in most revenue for all optical microscope manufacturers going forward. Easy control and better results of digital microscopes make them a highly coveted sub-segment in this segment.
On the other hand, the demand for electron microscopes is forecasted to increase at an impressive pace over the coming years. Electron microscopes use an accelerated electron beam for illumination of the sample resulting in better power. These microscopes are highly powerful and suited for a wide range of high-end research applications thereby driving up their popularity in the future. However, high costs and complex operation of electron microscopes are expected to hurt the market share of this segment to a certain extent in the future. Growing collaboration among research laboratories is also expected to present new opportunities for electron microscope providers through 2031 and beyond.
Healthcare and life sciences applications are estimated to lead to the global microscopy demand outlook in the future. The growing use of microscopy in multiple aspects of healthcare and life science research is projected to help the dominance of this segment. Investigation of cell structure, molecules, and other biological components is not possible with advanced microscopes thereby making microscopy an integral part of healthcare and life science R&D efforts. Growing investments in life science research and supportive government initiatives to boost the same are also expected to create new opportunities for microscopy providers in the long run.
Meanwhile, the demand for microscopy in material science applications is forecasted to increase at a notable CAGR over the coming years. Growing investments in the development of new materials and rising demand for better quality control in material sciences are also estimated to offer new business scope for microscopy providers in the future. High demand for non-destructive testing and quality checking procedures in the material science industry is also forecasted to open new avenues of opportunities for microscopy companies in the long run. Development of specialized microscopy procedures and equipment for the material science industry will help companies expand their business scope in this segment.
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North America is projected to account for a dominant share of the global microscopy market. Robust investments in research activity by public as well as private organizations allows North America to spearhead the global microscopy demand outlook. The presence of key microscopy companies and growing application scope of microscopy in material science research are also estimated to aid the dominance of this region. Canada and the United States are forecasted to be the top market for microscopy providers operating in the North American region. Growing emphasis on development of advanced nanotechnology in this region will also create new opportunities for microscopy companies.
Growing investments in research activity and supportive government initiatives for the same are expected to make the Asia Pacific region a highly opportune market for microscopy providers. The availability of cheap labor and the presence of multiple research organizations due to loose regulatory landscape is also expected to uplift the sales of microscopy solutions and instruments in Asia Pacific. Japan, China, and India are slated to be the most important markets for all types of microscopy companies in the long run. The rising number of collaborations with different companies to expand research scope will also create new opportunities for microscopy market players through 2031.
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High Investments in Life Science R&D
Rising Application Scope in Material Science and Semiconductors
Extensive Time for Sample Preparation
Dearth of Skilled Professionals
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Launching new and advanced microscopes at affordable prices could help microscopy companies expand their business scope in the future. Collaborations and partnerships with research institutes and laboratories will also be highly popular strategies for microscopy companies going forward. Microscopy companies can also provide training to solve the issues of skilled professionals' availability and maximize their revenue generation potential in the long run.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing investments in research around the world and development of advanced microscopes are projected to drive the global microscopy industry. On the contrary, time-consuming sample preparation and a dearth of skilled professionals to perform microscopy are slated to slow down market development going forward. High research activity in the North American region allows it to hold sway over the global microscopy demand outlook going forward. Electron microscopes are forecasted to emerge in popularity and bring in major revenue by the end of the forecast period. Developing portable microscopes and providing super-resolution microscopy are slated to be key microscopy market trends that will help companies stand out from the competition in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.8 Billion |
Market size value in 2032 | USD 12.44 Billion |
Growth Rate | 5.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Microscopy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microscopy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microscopy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microscopy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Microscopy Market size was valued at USD 7.8 Billion in 2023 and is poised to grow from USD 8.22 Billion in 2024 to USD 12.44 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
Launching new and advanced microscopes at affordable prices could help microscopy companies expand their business scope in the future. Collaborations and partnerships with research institutes and laboratories will also be highly popular strategies for microscopy companies going forward. Microscopy companies can also provide training to solve the issues of skilled professionals' availability and maximize their revenue generation potential in the long run. 'Carl Zeiss AG ', 'Thermo Fisher Scientific, Inc. ', 'Danaher Corporation ', 'Evident ', 'Nikon Corporation ', 'Tescan Group ', 'Jeol Ltd. ', 'Hitachi High-Tech Corporation ', 'Keyence Corporation ', 'Oxford Instruments ', 'Shimadzu Corporation ', 'Bruker ', 'Horiba Ltd. ', 'Etaluma, Inc. ', 'Accu-Scope ', 'Euromex Microscopen BV ', 'Helmut Hund GmbH ', 'Adelta Optec ', 'Ametek, Inc. ', 'Craic Technologies ', 'Cytoviva, Inc. ', 'Kyky Technology Co., Ltd. ', 'Labomed, Inc. ', 'Lasertec Corporation ', 'Optika Srl ', 'Park Systems ', 'Picoquant', 'In July 2024, a new AI-integrated digital microscopy platform called Micalys was launched by Medprime Technologies for the Indian market. Along with traditional microscopy, Micalys provides live view, whole cell imaging, AI diagnostics, and robotic remote-control capabilities to help it stand out from other microscopy platforms in the market. ', 'In May 2024, two new benchtop microscopes were launched by Oxford Instruments Andor. The company is known for its scientific imaging expertise and is based in the United Kingdom. BC43 WF and BC43 SR were added to Oxford’s existing microscope portfolio to increase accessibility of users to fluorescence, confocal, and super resolution microscopy. ', 'In April 2024, a new SampleSafe™ Technology was launched by CRAIC Technologies for spectroscopy and microscopy applications. The new technology is projected to help enhance the reliability and safety of laboratory samples during micro spectral analysis whilst allowing researchers to worry less about the risk of sample degradation to provide more accurate results. '
Growing prevalence of chronic diseases and rising emphasis on the treatment and management of the same are projected to drive up the investments in life sciences and healthcare R&D around the world. Microscopy plays a crucial part in these research activities thereby driving market growth potential as well.
Demand for Super-Resolution Microscopy: Microscopy companies can focus on providing Super-Resolution Microscopy services that surpass the diffraction limit of traditional light microscopes. This microscopy market trend is projected to create new opportunities in cell biology, neurobiology, and molecular imaging applications where subcellular imaging and detail is gaining prominence among researchers.
North America is projected to account for a dominant share of the global microscopy market. Robust investments in research activity by public as well as private organizations allows North America to spearhead the global microscopy demand outlook. The presence of key microscopy companies and growing application scope of microscopy in material science research are also estimated to aid the dominance of this region. Canada and the United States are forecasted to be the top market for microscopy providers operating in the North American region. Growing emphasis on development of advanced nanotechnology in this region will also create new opportunities for microscopy companies.
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