PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234376
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234376
Immersion oil is commonly referred to as pellucid oils having specific optional and viscosity features suitable for microscopy. Refractive index of immersion oil is closer as compared to that of glass and does not refract the light focused on to the item being examined. Hence, light beam is completely focused on to the object which is examined opposed to the beams of light scattering through air.
Potential global immersion oil market drivers are high usage of microscopes in healthcare and life sciences industry. Rapid developments in sample labelling, contrast, resolution, illumination, signal detection and data processing which occur during all microscopic experiments are anticipated to boost the market.
In addition to this, advanced studies on cell biology such as research on human blood cells, discovery of genes related to human development research which involves microscopes are anticipated to further propel growth of the global immersion oil market. Rise in demand for microscopes followed by product innovations are forecasted to boost the global immersion oil market in the upcoming years.
By type, global immersion oil market is segmented into paraffin oil, synthetic oil and cedar wood oil among which synthetic oil is anticipated to hold the largest market share owing to its exceptional properties such as high temperature resistance and color consistency throughout the life cycle of the product. Synthetic oil is widely used in microscopy and is replacing cedar wood oil. Consumption of synthetic oil in countries such as India, China and Japan is expected to generate high demand due to increase in demand of synthetic oil from the same countries.
By applications, global immersion oil market is segmented into normal light microscopy, fluorescence microscopy, long-focus instruments, automated hematology system and elevated temperatures. Among these, normal light microscopy is anticipated to continue to dominate during the forecast period mainly owing to usage of immersion oil in normal light microscope to determine a clear picture, experience brighter image and fine resolution in hospitals, clinics, diagnostic laboratories, pharmaceutical and biotechnology companies etc. In terms of end-use, the same market is segmented into hospitals & clinics, academic & research institutes, diagnostics laboratories¸ pharmaceutical & biotechnology companies and others. Pharmaceutical & biotechnology companies is the segment which dominates the immersion oil market and is expected to continue to lead the market during the forecast period owing to rapid increase of biotechnology companies and increase in number of partnerships among them in order to expand across the globe. Hospitals & clinics is estimated to closely follow pharmaceutical & biotechnology companies.
On the basis of geography, global immersion oil market is categorized into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. North America and Europe are the largest markets both in terms of value and volume, owing to the presence of a large number of well- established pharmaceutical and biotechnology companies in the region. However, immersion oil market in Asia Pacific is anticipated to witness rapid growth in microscopy science & research in countries like India and China. However, immersion oil market in Middle East & Africa and Latin America is forecasted to witness sluggish growth during the forecast period.
Key players across the global immersion oil market value chain are:
Cargille Labs, EMD Millipore Corporation, Flinn Scientific, Thermo Fisher Scientific, Azzota Corporation, Nikon Instruments INC., Honeywell International Inc., Leica Microsystems, Olympus Corporation, Idemitsu Kosan Co., Ltd., Honeywell Research Chemicals, Nikon Industries, Ted Pella, Cole-Parmer (India), Bignost, ELITech Group, Avantor (Acquired VWR International in 2017), Structure Probe, Einstinc And Others.
Key Developments
In April 2021, Avantor declared the accomplishment of Ritter GmbH and its affiliates to bolster diagnostic and drug discovery workflows, this can aid Avantor to enlarge its portfolio in the healthcare and biopharma industries and faster critical lab automation workflows.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Immersion Oil market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Immersion Oil market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
Paraffin oil
Cedar Wood oil
Synthetic oil
Applications
Normal Light Microscopy
Automated Hematology System
Long-focus instruments
Fluorescence Microscopy
Elevated Temperatures
End-use
Hospitals & Clinics
Academic & Research Institutes
Diagnostics Laboratories
Pharmaceutical & Biotechnology Companies
Others
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Immersion Oil market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Immersion Oil market?
Which is the largest regional market for Immersion Oil market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Immersion Oil market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Immersion Oil market worldwide?