Micromanipulators Market has huge growth of 25.8% CAGR due to increasing male infertility, growing adoption of IVF technique, growing semiconductor and electronics industries in the developing economies and technological advancements.
However, in terms of volume (units), manual micromanipulator was the leading segment, accounting for about half of the overall market in 2014. Economical cost and high popularity of manual micromanipulators across semiconductors and microelectronics industries were the key factors responsible for the growth of manual micromanipulators market.
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These devices are generally used along with a microscope equipped with an input joystick, a mechanism to reduce the area of movement. They cater to a wide variety of applications ranging from cell micromanipulation to industrial micromanipulation, embracing semiconductors and electronic industries, among others. Popular types used for a wide range of applications, which depends on the precision and control required at the micro levels.
Intracytoplasmic sperm injection (ICSI) is the most common application of cell micromanipulation techniques in humans. A rising incidence of infertility cases across the globe is the major factor boosting the adoption rate for obtaining rapid results in IVF-ICSI procedures.
Global Micromanipulators Market report by Allied Market Research, states that the sales of micromanipulators are projected to grow at a CAGR of 25.8% between 2015 and 2020. In 2014, cell micromanipulation application segment dominated the micromanipulators market in terms of both, revenue and volume, and is expected to retain its lead position during the forecast period.
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A shift from conventional manual micromanipulators to advanced electric or hydraulic versions, rising global infertility rates, and expanding base of semiconductors and microelectronics in the emerging economies are primarily leveraging the growth of the market.
In addition, increasing usage of micromanipulator novel applications such as genomics, proteomics, transgenesis and cell cloning would provide continued growth thrust for the market. However, factors such as high cost associated with advanced micromanipulators, lack of awareness among potential end users and limited technical expertise are likely to impede the market growth.
Key Findings of Micromanipulators Market:
• Hydraulic micromanipulator is projected to be the fastest growing segment during the forecast period.
• Within cell micromanipulators application, ICSI segment is projected to exhibit the fastest growth, both in terms of revenue and volume, during the forecast period.
• Within industrial micromanipulation application, semiconductors and microelectronics segment would continue to lead, accounting for more than three-fourths of the overall market revenue in 2020.
• Asia-Pacific is anticipated to be the fastest growing market, registering a CAGR of 29.9% from 2015 to 2020.
The key companies profiled in the report include Narishige Co. Ltd., Research Instruments Ltd., Eppendorf AG, Sutter Instruments, The Micromanipulator Company, Sensapex, Inc., Luigs and Neumann, Scientifica Ltd. and Siskiyou Corporation.
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