Global Micromanipulators Market Poised to Grow at a Staggering CAGR of Over 23% through 2026

A new research study titled “Global Market Study on Micromanipulators: North America to Lead the Global Market in Terms of Revenue during 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global micromanipulators market is likely to grow at over 23% CAGR during the assessment period. In terms of revenues, the market is anticipated to reach nearly US$ 470 Mn.

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The report offers a holistic analysis and insights on the key factors shaping demand for micromanipulators globally. The drivers, restraints, opportunities, and trends shaping the micromanipulators landscape has been studied in detail in the report. The market has been segmented on the basis of various parameters to give readers insights on the lucrative and sluggish avenues in the market. The report also analyzes the leading companies in the market, and offers information on their business and product strategies.

According to the report, demand for micromanipulators is growing in end-use applications where precision is of paramount importance. Some of the key end-use industries where demand for micromanipulators is growing include healthcare and semiconductor manufacturing. The increase in prevalence of male infertility, combined with rising age for pregnancies has necessitated the adoption of innovative treatment processes. Micromanipulators find application in these treatment methods, and it is likely that surging demand from the healthcare industry will continue to create growth opportunities for manufacturers.

By end-use, hospitals are likely to remain the largest end-users of micromanipulators globally. Demand for micromanipulators in hospitals is likely to remain steady, as hospitals remain the preferred treatment destination for male fertility processes. In addition to hospitals, demand for micromanipulators is also likely to remain resurgent in the semiconductor application segment during the assessment period.

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According to the report, among the various types of micromanipulators available in the market, demand for electric micromanipulators is likely to remain robust during the assessment period. Electric micromanipulators enable higher precision movement, along with boosting accuracy and convenience. According to the report, demand for electric micromanipulators is likely to exceed nearly US$ 200 million in revenues by the end of the forecast period.

The report also projects that demand for micromanipulators will remain highest in cell micromanipulation for intra-cytoplasmic sperm injection (ICSI). These procedures are witnessing growth in healthcare settings around the globe on account of increase in severe male infertility cases around the world. By region, North America is likely to remain the largest market for micromanipulators globally. Demand for micromanipulators in North America is likely to remain concentrated in the US.

Some of the leading players profiled in the report include The Micromanipulator Company, Danaher Corporation, Eppendorf AG, Applied Scientific Instrumentation Inc., World Precision Instruments Inc., Narishige Co. Ltd., Siskiyou Corporation, Scientifica Ltd, Luigs & Neumann, and Sensapex Oy. 

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This release was published on openPR.