Optical Microscopes Market Forecast (2024-2031), Size, Share

Optical Microscopes Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Inverted Microscopes, Stereo Microscopes, Digital Microscopes, and Accessories), End User (Academic & Research Institutes, Diagnostic Laboratories, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies), and Geography

  • Report Code : TIPMD00002081
  • Category : Life Sciences
  • No. of Pages : 150
Buy Now

The Optical Microscopes Market was valued at US$ 2.3 billion in 2021 and is expected to reach US$ 4.2 billion by 2031. The market is expected to register a CAGR of 6.2% from 2023–2031.

Technological advancements and strategic alliances in the market are likely to remain key Optical Microscopes Market trends.

Optical Microscopes Market Analysis

Optical Microscopes for Biological Sciences and Research

Advancements in biological sciences are connected with optical microscopes. An optical microscope can be used to observe eukaryotic cells including nuclei, mitochondria, and chloroplasts. Additionally, optical microscopes have visible electromagnetic radiation for diverse imaging applications in the fields of cell biology, biotechnology, life sciences, nanotechnology, and the examination of histopathology tissue sections for clinical diagnosis. Furthermore, manufacturers are developing innovative optical microscopes with high magnification and better visuality of biological samples. McConnell's novel optical microscopes for imaging large embryos and cell tissue through optical microscope’s “Sub-cellular Resolution” is a notable example. Therefore, advancements in optical microscopes with better imaging intended for biological sciences and research to meet the clinical needs of the patient are one of the most influential factors for market growth.

Optical Microscopes Market Overview

Technology, innovation, and smart technological solutions continue to influence optical microscopes market significantly. Optical microscopes for biological sciences and research and high optical microscopes magnification & resolution are the most impactful factors responsible for Optical Microscopes Market growth. Advancements in optical microscopes products is a key trend for Optical Microscopes Market growth. Product innovation will provide lucrative market opportunity for the Optical Microscopes Market growth.

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.

Optical Microscopes Market: Strategic Insights

optical-microscopes-market
Market Size Value inUS$ 2,412.23 Million in 2018
Market Size Value byUS$ 3,687.90 Million by 2027
Growth rateCAGR of 5.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image

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.

Analyst Image  Speak to Analyst

Optical Microscopes Market Drivers and Opportunities

Introduction of Optical Microscopes With High Magnification & Resolution to Favor Market

For two decades, scientists have discovered that optical microscopes can be used to detect, track, and locate objects. However, today, the research department at the National Institutes of Standards and Technology (NIST) enables microscopes to measure nanometer-scale (NM) details with a high level of accuracy. For example, NIST developed a new calibration process that closely examines and corrects imaging errors. Also, the pioneering research won a 2014 Nobel Prize in Chemistry that has enabled research to track proteins in fertilized eggs, visualize molecules forming electrical connections between nerve cells in the brain, and study the nanoscale motion of miniature motors. Therefore, high optical microscopes magnification and resolution will contribute significantly driving the market growth.

Product Innovation– An Opportunity

Optical microscopy is an advanced microscope driving the progress in cell biology to obtain spatial and temporal resolution to detect living cells and tissues. Since the past, staining samples with fluorescent labels provided a highly sensitive method to visualize biomolecules. However, fluorescence microscopy has several limitations associated with staining samples, such as sample manipulation & staining artifacts, fluorophore photobleaching, and associated phototoxicity. Therefore, many efforts by the researchers have been devoted to develop label-free optical microscopy techniques that are capable to provide quantitative capabilities in optical microscopes that were previously unavailable with fluorescent microscopes. For example, the laboratories are developing quantitative label-free optical microscopes featuring innovative excitation/detection schemes across applications to detect synthetic lipid membranes and nanoparticle materials of living cells. Also, research laboratories are developing a new wide-field interferometric reflectometry method to monitor single-protein lipid membrane interactions with unprecedented sensitivity. Therefore, innovative product innovation will provide lucrative market opportunities in the coming years for optical microscopes market.

Optical Microscopes Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Optical Microscopes Market analysis are candidature and services.

  • Based on product, the Optical Microscopes Market is divided into inverted microscopes, stereo microscopes, digital microscopes, and accessories. The inverted microscopes segment may hold a larger market share in 2023.
  • By end user, the market is segmented into academic & research institutes, diagnostic laboratories, hospitals & clinics, and pharmaceutical & biotechnology companies. The academic & research institutes segment may hold the largest share of the market in 2023.

Optical Microscopes Market Share Analysis by Geography

The geographic scope of the Optical Microscopes Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

North America has dominated the Optical Microscopes Market. In North America, US accounts considerable share for optical microscopes. The presence of top medical device companies present in the US and technologically advanced products are the most influential factors responsible for market growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Optical Microscopes Market Report Scope

Optical Microscopes Market News and Recent Developments

The Optical Microscopes Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in them market for Optical Microscopes and strategies:

  • In April 2023, Nikon Corporation (Nikon) announced the development and launch of the digital imaging microscope "ECLIPSE Ui" as the first-ever microscope intended for medical use in Japan. ECLIPSE Ui has a unique design without an eyepiece lens, which improves the pathologist's observation posture and enables sharing of observation images on the display. The microscope contributes to reducing the physical burden on pathologists and the workflow of pathological observations.

Optical Microscopes Market Report Coverage and Deliverables

The “Optical Microscopes Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product , By End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Optical Microscopes Market