Demand for Microscopy Devices Market to Expand 1.6x Between 2020 and 2025

The usage of microscopy devices has registered an uptick in the past few years. Microscopes have allowed in-depth academic and exploratory research in various branches of science. Amongst the wide range of sciences, the life sciences division has found increased usage of microscopy devices, particularly in cell biology.

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Also, the need for more penetrative media to identify cells has boosted technological developments in microscopic devices. On the back of these trends, the global microscopy devices market is poised to expand 1.6x, registering a CAGR of 8.5% throughout the forecast period (2020-2025).

Nowadays, major life science companies are increasingly seeking the services of contract research organizations (CROs) to reduce their overall expenditure and concentrate on their core businesses.

Key Takeaways of Global Microscopy Devices Market Study:

• Optical microscopes are projected to account for a major chunk of the market, capturing more than three-fifths of the market share. Rising demand for different types of optical microscopes such as fluorescence and inverted microscopes and low cost of stereo and phase contrast microscopes shall drive the segment’s growth.
• By application, Cell and Molecular Biology and Biomedical engineering are anticipated to make exhaustive utilization of microscopy devices. This is due to increased adoption of microscopes in microbiology, cell culture, healthcare monitoring and launch of new therapeutic products. Projected CAGR for both segments is pegged at 8.3%.

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• Clinical Pathology and Diagnostics shall find equally important microscopy applications, for understanding pathological changes in conditions such as Alzheimer’s and Parkinson’s diseases and chronic diseases. Anticipated CAGR for this segment is a staggering 8.2%.

Global Microscopy Devices Market: Market Segmentation

Fact.MR has studied the global microscopy devices market with detailed segmentation on the basis of product type, application, end-users and regions.

Product Type
• Optical Microscopy:
• Light Microscopy (Inverted and Upright Microscopy)
• Confocal/Multiphoton Microscopy
• X-Ray Microscopy
• Fluorescence Microscopy
• Phase Contrast Microscopy
• Stimulated Emission Depletion Microscopy
• Scanning Probe Microscopy:
• STM (Scanning Tunneling Microscope)

Application
• Cell and Molecular Biology
• Pharmacology and Toxicology
• Clinical Pathology and Diagnostics
• Surgery
• Biomedical Engineering
• Neuroscience
• Others

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End-users
• Hospitals
• Diagnostic Laboratories
• Ambulatory Surgical Centers (ASCs)
• Physician Offices
• Academic & Research Institutes

Technological Developments to Boost Key Players’ Market Prospects:

The global microscopy devices market consists of the following key market players: Olympus Corporation, JOEL Ltd., Nikon Corporation, Carl Zeiss Microscopy GmBh, FEI Company, Leica Microsystems, Hitachi High-Technologies Corporation, Bruker Corporation and CAMECA SAS. Most of these market players rely on technological advancements to increase market presence.

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For instance, in November 2016, Nikon Corporation launched its new inverted microscope, titled the ECLIPSE Ti2, which provides improved stability and usability in research applications of life sciences. Its current microscope product portfolio include the SMZ25/SMZ18, ShuttlePix and A1MP/A1RMP series. The company also manufactures stereo microscopes, upright microscopes, super resolution microscopes and digital microscopes.

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This release was published on openPR.