Press release
Steady Expansion Forecast for Fluorescence Microscopy Market, Projected to Reach $19.31 Billion by 2029
Fluorescence Microscopy
Fluorescence Microscopy Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The industry of fluorescence microscopy has seen accelerated expansion in the last few years. The market size is projected to rise from $11.52 billion in 2024 to $12.74 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.6%. The historic growth of the market is linked to the increase in demand for biomedical research, government-backed funding and research grants, and extended usage in clinical and diagnostic applications.
Fluorescence Microscopy Market Size Forecast: What's the Projected Valuation by 2029?
The fluorescence microscopy market is set to witness a significant expansion in the coming years, with an estimated valuation of $19.31 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.0%. Various factors projected to contribute to this growth over the forecast period include advances in super-resolution imaging, increased multiplexing capabilities, integration with single-cell analysis, and advancements in labeling technologies. Key trends identified during the forecast period are super-resolution imaging, multiplexed imaging, live-cell, and dynamic imaging, along with correlative and integrated imaging.
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What Are the Drivers Transforming the Fluorescence Microscopy Market?
The fluorescence microscopy market is projected to thrive due to the escalating progress in drug discovery. Drug discovery entails the process of identifying and developing fresh pharmaceutical substances intended for medication usage. This procedure consists of multiple phases, starting from the initial concept to the ultimate approval and launching of a new drug in the market. Progress is stimulated by technological advancements, unresolved medical needs, investment influx, and the emergence of infectious diseases. Fluorescence microscopy plays a pivotal role in drug discovery by aiding in the visualization, characterization, and assessment of potential drug candidates. It also offers mechanistic knowledge about disease biology and therapeutic interventions. For example, in March 2024, Fierce Pharma Biopharma, a news and analysis providing company within the pharmaceutical industry located in the US, reported that Novartis AG, a pharmaceutical firm from Switzerland, raised their research and development expenditure from $9.17 billion in 2022 to $11.37 billion in 2023. Consequently, the progress in drug discovery is propelling the fluorescence microscopy market's expansion.
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What Long-Term Trends Will Define the Future of the Fluorescence Microscopy Market?
Leading firms in the fluorescence microscopy market are concentrating their efforts on creating innovative advancements to meet the increased demand for cutting-edge imaging solutions, with a prime example being ECLIPSE Ji. Unique from traditional microscopes due to its inverted components, ECLIPSE Ji is perfect for observing growing cells situated at the base of culture dishes. For instance, Nikon Corporation, a Japanese company known for its photographic optics and equipment, unveiled ECLIPSE Ji - a digital inverted microscope that leverages Artificial Intelligence (AI) for better acquisition and analysis of cellular images - in September 2023. ECLIPSE Ji is aimed at enhancing research workflows, playing a significant role in cancer and nerve disease research. Moreover, it is uniquely constructed with no eyepiece, includes state-of-the-art optics, image analysis features, AI-driven automation, and is expandable. This invention streamlines research workflows, boosts accessibility, promotes collaboration, and improves the quality and consistency of research findings.
Which Segments in the Fluorescence Microscopy Market Offer the Most Profit Potential?
The fluorescence microscopy market covered in this report is segmented -
1) By Type: Upright Fluorescence Microscopy, Inverted Fluorescence Microscopy
2) By Application: Biology, Medical Science, Material Science, Other Applications
3) By End User: Hospitals, Diagnostic Laboratories, Academic And Research Institutes
Subsegments:
1) By Upright Fluorescence Microscopy: Conventional Upright Fluorescence Microscopes, Confocal Upright Fluorescence Microscopes, Super-Resolution Upright Fluorescence Microscopes
2) By Inverted Fluorescence Microscopy: Conventional Inverted Fluorescence Microscopes, Inverted Confocal Fluorescence Microscopes, Inverted Super-Resolution Fluorescence Microscopes
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Which Firms Dominate the Fluorescence Microscopy Market by Market Share and Revenue in 2025?
Major companies operating in the fluorescence microscopy market are Thermo Fisher Scientific, GE HealthCare Technologies Inc., Agilent Technologies Inc., Keyence Corporation, Olympus Corporation, Roper Technologies Inc., Hitachi High-Tech Corporation, Nikon Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Carl Zeiss AG, Excelitas Technologies Corp., Hamamatsu Photonics K.K., Horiba Scientific, Delta Vision Corporation, Leica Microsystems GmbH, Thorlabs Inc., Gooch & Housego Plc, Molecular Devices, Spectra Services Inc., JEOL Ltd., Quorum Technologies Ltd., ZEISS Microscopy, Lumencor Inc
Which Regions Offer the Highest Growth Potential in the Fluorescence Microscopy Market?
North America was the largest region in the fluorescence microscopy market in 2024. The regions covered in the fluorescence microscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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