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Steady Expansion Forecast for Microscopy Market, Projected to Reach $14.11 Billion by 2029
Microscopy Market
Microscopy Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of microscopy has experienced significant growth in the past few years. Projecting an increase from $9.74 billion in 2024 to $10.27 billion in 2025, the compound annual growth rate (CAGR) is set at 5.5%. This considerable enhancement during the previous period is linked to factors such as advancements in research and development in the field of life sciences, requirements for drug discovery and development, applications in material science and nanotechnology, a rising trend of its usage in clinical diagnostics, and the necessity for quality control in manufacturing procedures.
Microscopy Market Size Forecast: What's the Projected Valuation by 2029?
The microscopy market is projected to experience robust growth in the upcoming years. It is estimated to reach $14.11 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. The predicted growth during this period is attributed to increased demand for point-of-care diagnostics, use in environmental surveillance, the burgeoning aerospace and automotive industries, advancements in remote microscopy and digital pathology, and improved imaging in neuroscience research. The forecast period is expected to see major trends such as super-resolution microscopy, the inclusion of artificial intelligence (AI), multiplexed imaging, cryo-electron microscopy (cryo-em), 3D imaging and reconstruction, and quantitative microscopy techniques.
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What Are the Drivers Transforming the Microscopy Market?
The flourishing need for research in pharmaceuticals and cell biology is predicted to boost the microscopy market. The phrase "pharmaceutical and cell biology research" refers to the exploration and creation of potential medicinal compounds and drug candidates crafted for disease treatment. This sector discovers, fabricates, and develops drugs utilized for disease prevention, symptom mitigation, and vaccination against various ailments. Microscopy methods are extensively employed in multiple research activities such as pharmacology, biosimilars stem cell research, and other biomedical studies in order to observe and scrutinize cellular structure and function. For example, as per the National Association of Manufacturers, a US organization, in November 2023, pharmaceutical businesses dedicated 16.6% of their sales towards research and development, nearly 3.5 times the average by US industries as a proportion of sales. Consequently, the escalating requirement for pharmaceutical and cell biology research is anticipated to catalyze the expansion of the microscopy market.
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What Long-Term Trends Will Define the Future of the Microscopy Market?
Prominent corporations in the microscopy market are concentrating on creating innovative items like Eclipse Ui to increase their market earnings. Eclipse Ui is a cutting-edge digital imaging microscope designed to improve healthcare applications and research by delivering enhanced imaging functionality, mainly for medical diagnosis. For example, in April 2023, Nikon Corporation, a firm that excels in optics and imaging products from Japan, introduced Eclipse Ui. The ECLIPSE Ui boasts a unique design that removes the requirement for an eyepiece lens, improving the posture of the pathologist during observation and enabling the sharing of observation pictures on the monitor. This leads to a more streamlined workflow for pathological inspection and reduces the physical stress on pathologists. Its unique build, which doesn't need an eyepiece lens, further enhances the pathologist's position during observation and permits the sharing of observation pictures on the screen.
Which Segments in the Microscopy Market Offer the Most Profit Potential?
The microscopymarket covered in this report is segmented -
1) By Type: Microscopes, Accessories, Software
2) By Application: Semiconductor, Life Sciences, Materials Science, Nanotechnology, Other Applications
3) By End User: Industrial, Electronics And Semiconductor Industry, Automotive Industry, Food And Beverages Industry, Diagnostic And Pathology Labs, Pharma-Biopharma Companies And CRO's, Academic And Research Institutes, Other End-Users
Subsegments:
1) By Microscopes: Optical Microscopes, Electron Microscopes, Scanning Probe Microscopes, Confocal Microscopes, Fluorescence Microscopes
2) By Accessories: Objective Lenses, Stage Micrometers, Camera Systems, Light Sources, Filters
3) By Software: Imaging Software, Analysis Software, Data Management Software
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Which Firms Dominate the Microscopy Market by Market Share and Revenue in 2025?
Major companies operating in the microscopy market include Nikon Instruments Inc., Bruker Corporation, Olympus Corporation, Carl Zeiss AG, Thermo Fisher Scientific Inc., Danaher Corporation, JEOL Ltd., Hitachi Ltd., Oxford Instruments plc., AMETEK Inc., NT-MDT Spectrum Instruments, Meiji Techno Co Ltd, Accu-Scope Inc., Takagi Seiko Corporation, Sonix Inc., Konan Medical Inc., Woodley Equipment Company Ltd, Radical Scientific Equipments Private Limited, Mauna Kea Technologies, Topcon Healthcare, ATMOS Medizintechnik GmbH, Agilent Technologies Inc., General Electric Company, Labomed Inc., Alltion Co Ltd, Alcon Inc., ARI Medical Technology Co Ltd, Avante Health Solutions, Buehler, Celestron, Danish Micro Engineering, HAAG-STREIT Surgical GmbH
Which Regions Offer the Highest Growth Potential in the Microscopy Market?
North America was the largest region in the microscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the microscopy market during the forecast period. The regions covered in the microscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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