PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1509567
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1509567
The global microscopy market is estimated to reach USD 10.6 billion by 2029 from USD 8.1 billion in 2024, at a CAGR of 5.4% during the forecast period of 2024 to 2029. The market is anticipated to rise as a result of a number of factors, including growing funding for research and the growing need for microscopes in clinical and diagnostic settings as well as in industrial settings.
Scope of the Report | |
---|---|
Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Product, Product Type, Type, Application, End-User, and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
"The optical microscope segment (by type) to hold the largest share of the market in 2023"
The optical microscope segment (by type) holds the most dominant share of the market in 2023. As mentioned in the three segments for the microscopy market, optical microscopes are not only used in industrial settings for material and general quality control purposes, but they are also among the initial choices of academic institutes. This versatile persona of optical microscopes makes their penetration into the market more deep when compared to other peer microscopes in other segments.
"In context of application, semiconductors and electronics showed the largest share of the market in 2023"
According to application, the microscopy market is anticipated to grow at the fastest rate during the projected period in the semiconductors and electronics applications sector. The microscope market is divided into segments based on applications, including materials science, healthcare and life sciences, semiconductors and electronics, and other applications. Semiconductor applications held the biggest market share for microscopy in 2023.
"For end-users, the industrial user segment showed the most dominant positions as compared to fellow application sub-segments. Also, it showed a robust CAGR for the period considered."
The microscopy market's industrial users segment held the biggest share and was expanding at the fastest rate in 2023. To observe the genetic structures of viruses and bacteria and diagnose diseases, the use of high-level magnification microscopes such as electron microscope and atomic force microscope is growing. The market is being driven by expanding investments in nanotechnology as well as a strong demand from a variety of industries for technologically advanced magnification devices.
Key players for microscopy market are Carl Zeiss AG (Germany), Thermo Fisher Scientific (US), Danaher Corporation (US), EVIDENT (Japan), Nikon Corporation (Japan), JEOL Ltd. (Japan), Oxford Instruments plc (UK), Hitachi High-Tech Corporation (Japan), Keyence Corporation (Japan), Shimadzu Corporation (Japan), Euromex Microscopen bv (Netherlands), Bruker Corporation (US) and Helmut Hund GmbH (Germany).
Research Coverage
The research report examines the microscope market by end-users, geography, product type, and application. It also discusses the elements driving market expansion, examines the different prospects and difficulties facing the industry, and gives specifics on the competitive environment facing market leaders. Additionally, the study projects the revenue of market segments with respect to five key regions and analyzes micro markets in terms of their respective growth trends (and the relevant nations in these areas).
Reasons to Buy the Report
The research report will help smaller and newer businesses as well as established ones understand the state of the market, which will help them increase their market share. Businesses that purchase the study may choose to employ one or more of the tactics listed below to increase their market presence.