Life Science Microscopy Devices Market Industry Analysis, Drivers, Challenges, Future Trends With Top Players Olympus, Thermo fisher Scientific, Nikon Corporation, Carl Zeiss AG, Keyence, Bruker, Hitachi High-Technologies, Leica Microsystems, and F. Hoffm

Technological advancements to enhance the quality of microscopes have become common over the past years. Rising demand for microscopy devices by researchers and academic institutes have encouraged manufacturers to develop new products with novel technologies to investigate different kinds of substances, cells, and materials at nanometer size. Thus, these microscopy devices are highly significant in nanotechnology, biotechnology, semiconductor, material science, and life science industries. Out of these, life science microscopy devices have high demand, as these instruments aid in the investigation or study of cellular interactions at biological levels and various other functions.

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In the field of drug development and research, use of microscopy devices for studies have become important to avoid failures and repetitions. Moreover, digitally enhanced images provided by microscopes could provide insights into target identification and validation, and drug discovery. Hence, the changing approach towards drug development, imaging diagnostic techniques, nanoscience, and structural biology, which incorporates the use of technologically advanced microscopes are expected to increase the demand for life science microscopy devices, in turn boosting growth of life science microscopy devices market. Advantages of life science microscopy devices such as 2 and 3 dimensional measurements of an object, flexibility to increase feasibility of various investigations, and one point focused images are major factors responsible for increasing application of these devices in forensic testing, which is further expected to boost the market growth over the forecast period.

Market Dynamics

The global life science microscopy devices market is projected to witness significant growth over the forecast period, owing to the increasing utilization of microscopes for research purpose in life science. For instance, in February 2015, the National Institute of Standards and Technology (NIST) researchers demonstrated the autonomous computer-controlled assembly of atoms in perfect nanostructures using a low temperature scanning tunneling microscope. Furthermore, some of the devices such as stereo microscopes are specifically used in production processes for soldering on a miniature scale and dissecting specimens in biology. Thus, adoption of these devices by pharmaceutical and biotechnology manufacturers for the production of new drugs and therapies is expected to drive growth of the market.

Moreover, increasing research and development expenditure by government bodies fosters growth of the life science microscopy devices market. For instance, the Government of India is majorly investing in research, education, and innovation since 2013 and the government is estimated to invest US$ 5 billion into science and technology over the next five years, as announced by the chairman of the Science Advisory Council to the Prime Minister.

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.

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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

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.