Life Science Microscopy Devices Market Benefits, Forthcoming Developments with Top Players

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.

The global life science microscopy devices market was valued at US$ 1,350.6 million in 2017 and is expected to witness a CAGR of 6.8% over the forecast period (2017–2025).

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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.

On the basis of region, the global life science microscopy devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and 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.

Key players operating in the global life science microscopy devices market include Olympus Corporation, Thermo fisher Scientific, Inc., Nikon Corporation, Carl Zeiss AG, Keyence Corporation, JEOL Ltd., Bruker, Hitachi High-Technologies Corporation, Leica Microsystems, and F. Hoffman-La Roche Ltd.

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