microscopy devices market

The market for microscopy devices is being driven by factors such as a rising number of inventions in the field of microscopy, growing focus on nanotechnology and life science research.Several studies have suggested that microscopy was seen performing better than the rapid diagnostics test (RDT) in the diagnosis of malaria in children under the age of five. New and advanced microscopes are being introduced in the market which are enabling resea Biotechnology and pharmaceutical companies are engaging in these developments.

For instance, the Brazilian Center for Research in Energy and Materials (CNPEM) has become the first center in Latin America to install a Thermo scientific krios G3i Cryo transmission electron microscope (Cryo-TEM), in July 2018, bringing the power of this instrument to Latin American structural biology researches. In the total healthcare spending, 32% is spent on the hospitals care and CMS has reported that this spending is increasing, as the hospitals are the major components of the healthcare system.The United States has a large amount of geriatric population and high incidence rate of chronic disorders, such as cancer and cardiovascular disorders. Additionally, government support for the research and development of the nanotechnology has further influenced the growth of the market studied.The Microscopy Devices market includes global players such as Bausch Health, Bruker Corporation, Carl Zeiss, Thermofisher Scientific, Olympus Corporation, etc. The global microscopy devices market is anticipated to rise in the coming years due to technological advancement and increasing number of innovations. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation, and various international and national databases. The market for microscopy devices has been on rise over the past many years. Rising incentives for research in life sciences in the form of government funding, relaxation of regulations and growing healthcare infrastructure are anticipated to leverage the prospects of microscopy devices,” concludes a Fact.MR analyst. These players are adopting advanced techniques in development of microscopy devices to expand their product offerings, strengthen their geographical reach, increase customer base, and garner market share. Scanning probe microscopy is an advanced technique.

Increasing drug discovery activities across healthcare segment and technological advancement in the microscopic devices together drive the life sciences microscopy devices market. (The high growth of this market is mainly attributed to factors such as; there is an increasing funding for life science research studies by the public and private sector. Increased applications of microscope in various fields such as nanotechnology, semiconductor technology, and life sciences are the major factors driving the market. Implementation of industrial policies favoring companies in the health and life science areas along with approval of non-reimbursable funds and establishment of various government programs to support the internationalization of the life sciences sector driving the market growth in Brazil, South Africa Saudi Arabia, etc.

The report aims to provide an overview of microscopy devices market with detailed market segmentation by product, application, end-user and geography. Based on Product Type, global microscopy devices market is bifurcated into Scanning Probes Microscope, Electron Microscope, Optical Microscope, Other. Primary research formed the bulk of the research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders.

Based on MRFR analysis, the global microscopy devices market is growing at the CAGR of around 7.8% and is expected to reach approximately USD 10.5 billion by the end of 2022. All these factors will help the market players to decide the business strategies and plans to strengthen their positions in the global market. Fluorescence, confocal, UV, near-infrared and multiple transmission technologies are used in optical microscopes. In terms of application, the market has been segmented into cell and molecular biology, pharmacology and toxicology, clinical pathology and diagnostics surgery, biomedical engineering, neuroscience, and others.