The microscope market size is projected to reach US$ 25.37 billion by 2031 from US$ 14.46 billion in 2023. The market is expected to register a CAGR of 7.3% during 2023–2031. Integration of deep learning is likely to remain a key trend in the market.
Profitable growth can be attributed to product innovation. For instance, Bruker's cutting-edge microscopy systems assist scientists in making ground-breaking discoveries and creating new products and applications that enhance almost every aspect. Due to the new microscopes, scientists can investigate materials and life at the molecular, cellular, and microscopic levels.
The rapidly evolving field of microscopy, the scanning electron microscope (SEM) and transmission electron microscope (TEM), are gaining close attention in ongoing research projects in the US. Several initiatives, both inorganic and organic, have been implemented by the businesses to support its expansion. Companies have been using various organic strategies to expand their businesses, such as product launches. Businesses have used inorganic tactics like partnerships, mergers, and acquisitions. For example, in June 2022, the Olympus APX100 system will be constructed with a powerful Al, a suite of intelligent features, and the well-known Evident optics. The system increases the productivity of life science research by combining publication-quality images with the user-friendliness of an all-in-one microscope. The microscope's compact size, integrated vibration reduction system, and light-shielded optics make it ideal for imaging core facilities and labs. It can even be positioned in well-lit areas.
To give students access to cutting-edge microscopy techniques, universities, institutions, and other educational organizations are constructing new facilities and carrying out various activities worldwide. A US$ 210,132 grant from the National Science Foundation's Major Research Instrumentation program was given to SUNY Geneso in January 2022 so that the chemistry department could buy a three-dimensional Raman imaging system. Through research projects in chemistry, geological sciences, biology, and anthropology, Geneseo students will have access to the potent and sophisticated laser-based microscopic device—which is rarely available to undergraduate students. Therefore, during the forecast period, initiatives to raise awareness and encourage the use of microscopes in academia would present profitable growth prospects for the microscope market.
A few technological developments in microscopes are high resolution, live-cell imaging, and digitalization. Expandable microscopes, multi-view microscopes, scanning helium microscopes, and integrated microscopy workflows have recently improved microscopes. Furthermore, the digital microscope—which uses an LED screen instead of an eyepiece—is becoming increasingly popular. Vision Engineering announced in November 2021 regarding the introduction of VE Cam, a user-friendly, portable digital microscope, at Productronica 2021 in Munich. There are two versions of the VE Cam product: VE Cam 50 (50mm FOV) and VE Cam 80 (80mm FOV), each with a distinct field of view (FOV). The microscope provides a small package of digital imaging's strength, speed, and efficiency. Thus, the emergence of technologically advanced products will likely create ample opportunities in the market.
Key segments that contributed to the derivation of the microscope market analysis are product type, application, and end user.
The geographic scope of the microscope market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market for microscopes in the US holds the largest share among the countries of North America. The main factors propelling the growth of microscopes in the North American regional market are the abundance of academic institutions, sophisticated healthcare facilities, and research and development centers. In the fast-developing field of microscopy, scanning electron microscopy (SEM) and transmission electron microscopy (TEM) are becoming increasingly common in ongoing research projects in the United States, according to a 2019 American University report. Undergraduate students in chemistry, biology, geological sciences, anthropology, and other fields have access to such a potent and sophisticated laser-based microscopic instrument. The market for microscopes has grown significantly due to the factors above.
The regional trends and factors influencing the Microscope Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Microscope Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14.46 Billion |
| Market Size by 2031 | US$ 25.37 Billion |
| Global CAGR (2023 - 2031) | 7.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Microscope Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Microscope Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The microscope market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the microscope market are listed below:
The “Microscope Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America dominated the microscope market in 2023
Key factors driving the market are growing awareness and use of microscopes in academics and the emerging use of microscopes for various applications.
Integration of deep learning is likely to remain a key trend in the market.
ZEISS GROUP, Bruker Corporation, Leica Microsystems, KLA Corporation, Nikon Corporation, Thermo Fischer Scientific Inc., Olympus Corporation, ACCU-SCOPE, Euromex Microscopen bv, Oxford Instruments, COXEM Co. Ltd., UNITRON, Hitachi High-Tech Corporation
The market is expected to register a CAGR of 7.3% during 2023–2031.