Microscope Market Key Findings and Share by 2031
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.
Microscope Market Analysis
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.
Microscope Market Overview
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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Microscope Market: Strategic Insights
Market Size Value in US$ 12,568.28 Million in 2021 Market Size Value by US$ 20,500.98 Million by 2028 Growth rate CAGR of 7.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
Mrinal
Have a question?
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Microscope Market: Strategic Insights
| Market Size Value in | US$ 12,568.28 Million in 2021 |
| Market Size Value by | US$ 20,500.98 Million by 2028 |
| Growth rate | CAGR of 7.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
Mrinal
Have a question?
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Microscope Market Drivers and Opportunities
Emerging Use of Microscope for Various Applications Favors the Market Growth
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.
Introduction of Novel Microscopes
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.
Microscope Market Report Segmentation Analysis
Key segments that contributed to the derivation of the microscope market analysis are product type, application, and end user.
- Based on type, the microscope market is divided into optical microscopes, electron microscopes, others. The electron microscopes segment held the most significant market share in 2023.
- By application, the market is categorized into material science, nanotechnology, life sciences, semiconductors, others. The life sciences segment held the largest share of the market in 2023.
- By end user, the market is segmented into industries, academic & research institutes, others. The industries segment held the largest share of the market in 2023.
Microscope Market Share Analysis by Geography
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.
Microscope Market Report Scope
Microscope Market News and Recent Developments
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:
- ZEISS and Argolight announced their strategic partnership. The collaboration aims to seamlessly integrate cutting-edge quality control solutions of the French company into the extensive line of ZEISS microscopes. This will enable users to accurately measure and assess the performance of their microscopy systems. (Source: ZEISS, Press Release, April 2024)
- Bruker announced that it has acquired Nion, a privately-held company that develops and manufactures innovative high-end scanning transmission electron microscopes (STEM). Nion was the first company to introduce aberration correction for STEM instruments with ultra-high stability for highest resolution images, and Nion is the world leader in ultra-high energy and spatial resolution electron energy-loss spectroscopy (EELS). This acquisition enhances Bruker’s product offerings and technology portfolio in materials science research and provides the technology base for applications in electron diffraction crystallography. In 2023, Nion had approximately $8 million in revenue. Financial details of the transaction were not disclosed. (Source: Bruker, Press Release, January 2024)
Microscope Market Report Coverage and Deliverables
The “Microscope Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Microscope market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Microscope market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Microscope market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the microscope market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For