Life Science Microscopy Devices Market Size, Share, Trends, Growth, & Key Business Strategies by Leading Industry Players (Olympus, Thermo fisher Scientific, Nikon, Carl Zeiss AG, Keyence, Bruker, Hitachi High-Technologies, Leica Microsystems

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Rising development of technologically advanced products is expected to drive growth of the life science microscopy devices market

The market is expected to gain significant growth, owing to the rapid development activities for the launch of technologically advanced and cost-effective quality products such as robotic visualization systems for ease of use in surgeries. For instance, on November 9, 2017, Olympus Corporation planned to launch two types of Upright FV3000 confocal laser scanning microscope by January 2018 to observe phenomena such as super-fast signal propagation in the nervous system. Furthermore, increasing research and development in the field of proteomics and genomics, and high prevalence of infectious diseases and cancer are major factors driving growth of the life science microscopy devices market.

For instance, according to 2012 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sectors represented 17.7% of the business R&D expenditure in the world. Furthermore, according to the U.S. Food & Drug Administration (FDA), the number of approved medicines increased to 45 in 2015 from 21 in 2010, which indicates the increased number of research activities being carried out by pharmaceutical organizations. Such advancements in research is expected to drive growth of life science microscopy devices market. However, many microscopes such as electron microscope and scanning electron microscope requires stable voltage supplies, supply of current to electromagnetic coils, and circulation of cool water so that the samples are not damaged due to the heat given off during the process of energizing the electrons. Therefore, maintenance of these systems is expensive and requires more time and effort, which is expected to restrain growth of life science microscopy devices market.

Increasing nanotechnology research is also driving growth of the life science microscopy devices market

The field of nanotechnology witnessed significant progress in the past few decades and has impacted dentistry, health care, and human life more profoundly than many other developments in the past. Moreover, it can be used in drug delivery, biosensors, and other biomedical applications. Thus, increasing nanotechnology research and development activities and demand for appropriate tools to characterize the functional properties of nanomaterials are expected to drive growth of life science microscopy devices market over the forecast period. For instance, in 2013, the U.S. Federal Government proposed a budget of US$ 1.8 billion for 15 agencies for nanotechnology research and development.

Increasing collaboration among market players is also expected to propel growth of the life science microscopy devices market over the forecast period. For instance, on June 29, 2016, Nikon Corporation partnered with the Biotechnology Innovation Organization (BIO) under the BIO Business Solutions offerings. In this program, Nikon offered a wide selection of research instrumentation and digital imaging solutions for microscopy for direct purchase to BIO Members. Furthermore, in March 2017, Leica and Abberior Instruments licensed agreement regarding Leica’s light microscopy product portfolio to offer innovative, state-of-the-art technologies for life science/biomedical research, biotechnology, and medicine.

Global Life Science Microscopy Devices Market, By Product Type:

Optical Microscopes
Stereo Microscopes
Phase Contrast Microscopes
Fluorescence Microscopes
Confocal Scanning Microscopes
Others
Electron Microscopes
Transmission Electron Microscope
Scanning Electron Microscope
Scanning Probe Microscopes
Atomic Force Microscope
Scanning Tunneling Microscope

Global Life Science Microscopy Devices Market, By End User:

Research Laboratories and Institutes
Forensic and Diagnostic Laboratories
Biotechnology and Pharmaceutical Companies

Global Life Science Microscopy Devices Market, By Region:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

North America is projected to witness significant growth in the life science microscopy devices market due to the presence of major pharmaceutical organizations such as Pfizer and Novartis, which are engaged in research and development of innovative therapies using advanced imaging techniques. Japan is also estimated to witness significant growth in the Asia Pacific life science microscopy devices market, as Japan has been the major revenue generating source for many players ( for Olympus Corporation and Nikon Corporation) and is expected to witness modest growth over the forecast period. For instance, in January 2018, Nikon Corporation entered into a business alliance with Advanced Cell Technology and Engineering Ltd. to establish a clinical-use master cell bank, which can be utilized for regenerative medicine products derived from dental pulp cells by using its optical and image-analysis technologies in Japan.

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