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Microscope Software Market Overview, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033
Microscope Software Market Overview
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According to The Business Research Company's, The microscope software market size has grown rapidly in recent years. It will grow from $0.82 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to life sciences research growth, diagnostic pathology, government funding and grants, quality control in manufacturing, drug discovery and development..
The microscope software market size is expected to see rapid growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to high-content screening, precision medicine and personalized healthcare, remote pathology services, expanded use in environmental sciences, regulatory compliance solutions, human microbiome research.. Major trends in the forecast period include advancements in imaging and analysis, live cell imaging and time-lapse analysis, 3d imaging and reconstruction, digital pathology integration, cloud-based solutions for data storage and analysis, collaboration and data sharing features, compatibility with multiple microscope systems..
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Market Drivers and Trends:
The rise in funding from governments in the area of scientific equipment is expected to drive the market for microscope software in the forecast period. Globally, there has been a surge in bacterial infections. Several public investments are being made to combat bacterial infections and to determine their structure through the use of a microscope. The growing applications of microscope software in virus imaging and precision modeling attracts government funding. For instance, in January 2021, UK Research and Innovation (UKRI), a UK government department announced funding of $293.15 million (£213 million) for scientific equipment including high-tech microscopes to accelerate virus testing and replace machines that were widely used in COVID-19 research during the epidemic. Therefore, the rise in funding from governments propels the microscope software market growth.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Carl Zeiss AG, Oxford Instruments plc, Olympus Corporation, Leica Microsystems, Nikon Corporation, Gatan Inc., Basler AG, Arivis AG, Object Research Systems Inc., Thermo Fisher Scientific, Scientific Volume Imaging B. V., Media Cybernetics Inc., SVision LLC, Hitachi High-Tech Corporation, JEOL Ltd., Bruker Corporation, ZEISS Group, FEI Company, Agilent Technologies Inc., Andor Technology, Bitplane AG, Carl Zeiss Microscopy GmbH, Confocal. nl, Crest Optics S. p. A., Delmic B. V., FFEI Ltd., Hamamatsu Photonics K. K., Huygens Software, Image Metrology A/S, ISS Inc., Lumencor Inc., Molecular Devices LLC, Nanolive SA
Microscope Software Market 2024 Key Insights:
• The microscope software market size is expected to see rapid growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.
• Government Funding Boosts Microscope Software Market In Response To Rising Bacterial Infections
• Innovative Products In The Microscope Software Market
• Asia-Pacific was the largest region in the microscope software market in 2023
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