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Electron Microscope Industry Trends Report: Insights for 2024-2033
Electron Microscope Global Market Report 2024
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According to The Business Research Company's, The electron microscope market size has grown strongly in recent years. It will grow from $3.35 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to an increase in demand for more consumer electronics, a rise in electron diffraction techniques, increasing in demand for ultrafast electron microscopy, increasing applications in material science and nanotechnology, and growth in semiconductor inspection.
The electron microscope market size is expected to see strong growth in the next few years. It will grow to $5.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to the rising need for technologically superior magnification equipment, increasing demand for quality control, rising demand for root-cause failure analysis, rising incidence of chronic diseases, and increasing demand for high-resolution imaging in various industries. Major trends in the forecast period include technological advancements, cryo-electron microscopy, integration of artificial intelligence, ultrafast electron microscopy, and the adoption of electron diffraction techniques.
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Market Drivers and Trends:
The increasing demand for diagnostic imaging is expected to propel the growth of the electron microscope market going forward. Diagnostic imaging encompasses various techniques and technologies that visualize the body's internal structures for medical diagnosis, monitoring, and treatment. The demand for diagnostic imaging is due to advancements in technology, an aging population, an increased prevalence of chronic diseases, and a greater emphasis on early detection and preventive healthcare. Electron microscopes are used in diagnostic imaging, primarily in research and specialized medical applications requiring extremely high resolution and magnification. For instance, in November 2023, according to the National Health Service, a UK-based government department, around 45.0 million imaging tests were recorded in 2023, an increase of 2.2% from 44.0 million in 2022. Therefore, the rise in demand for diagnostic imaging is driving the growth of the electron microscope market.
Major companies operating in the electron microscope market focus on developing innovative products, such as scanning electron microscopes, to meet the increasing demand for advanced microscopy in research, industry, and healthcare applications. A scanning electron microscope (SEM) is a type of electron microscope that produces detailed images of the surface of a specimen by scanning it with a focused beam of electrons. For instance, in July 2023, JEOL Ltd., a Japan-based company that develops and manufactures electron microscopes and other scientific instruments, introduced two electron microscopes, the JSM-IT710HRT and the JSM-IT210 InTouchScope. These new SEMs represent a leap forward in ease of operation and speed of high-resolution imaging and analysis. They feature state-of-the-art automation capabilities that streamline acquiring data across all specimen types, enhancing efficiency and productivity in research and industrial applications. With intuitive interfaces and advanced imaging algorithms, these next-generation SEMs promise seamless integration into diverse scientific workflows, empowering users to achieve comprehensive insights with unprecedented clarity and detail.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Agilent Technologies Inc., Nikon Corporation, Keysight Technologies Inc., Hitachi High-Technologies Corporation, Advantest Corporation, Bruker Corporation, Zeiss Microscopy GmbH, HORIBA Ltd., Leica Microsystems GmbH, Park Systems Corp., Oxford Instruments plc, JEOL Ltd., EAG Laboratories, EAG Laboratories, Gatan UK, TESCAN ORSAY HOLDING a.s., Cameca Instruments Inc., Delong America Inc., Nanoscience Instruments Inc., Angstrom Advanced Inc., COXEM Co. Ltd., Nion, A&D Company Limited
Electron Microscope Market 2024 Key Insights:
• The electron microscope market size is expected to see strong growth in the next few years. It will grow to $5.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• The Impact Of Rising Demand For Diagnostic Imaging On The Growth Of The Electron Microscope Market
• Innovative Developments In High-Resolution Electron Microscopes By Major Companies
• North America was the largest region in the electron microscope market in 2023
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