Microscopy Market Worth 6.72 Billion USD by 2021

PUNE, India, August 10, 2016 /PRNewswire/ --

According to a new market research report "Microscopy Market by Product (Optical Microscopy-Fluorescence & Super Resolution Microscope), Confocal Microscopy, Electron Microscopy), Application - Semiconductor, Life Sciences) & End Users (Academic Institutes, Industries) - Global Forecast to 2021", published by MarketsandMarkets, The global market is poised to reach USD 6.72 Billion by 2021 from USD 4.68 Billion in 2016, at a CAGR of 7.5% from 2016 to 2021.

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Browse 146 market data Tables and 62 Figures spread through 204 Pages and in-depth TOC on "Microscopy Market" 

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The report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

Factors such as rising global focus on nanotechnology, favorable government and corporate funding, and technological advancements such as super resolution microscopy, high-throughput techniques, and digitization of microscopes are driving the microscopy market. However, the high cost of advanced microscopes; implementation of excise tax by the U.S. government; and the heavy custom duty on medical devices are hindering the growth of this market. On the other hand, novel application areas such as optogenetics and high potential emerging markets such as China, Japan, and Middle East represents significant growth opportunities for the key players in the microscopy market. Further, time consuming sample preparation process for advanced microscopes and requirement of high degree of technical expertise to handle complex microscopes may pose challenges to the growth of this market during the forecast period.

The microscopy market is segmented on the basis of product, application, end user, and region. On the basis of type of product, the microscopy market is broadly segmented into optical microscopes, confocal microscopes, electron microscopes, and scanning probe microscopes. The optical microscopes segment is further categorized into fluorescence microscopes and super-resolution microscopes. The confocal microscopes segment is segmented into multi-photon microscopes and confocal disk spinning microscopes. The electron microscopes segment is divided into transmission electron microscopes and scanning electron microscopes. The scanning probe microscopes segment is classified into scanning tunneling microscopes, atomic force microscopes, and near-field scanning optical microscopes.

The microscopy application market is categorized into semiconductors, life sciences, nanotechnology, and material sciences. In this market, Nanotechnology is the fastest growing application. On the basis of end user, the microscopy market is classified into academic institutes, industries, and other end users (government research institutes and private laboratories). In this market, academic institutes are the major end users.

On the basis of region, the microscopy market is segmented into North America (U.S. & Canada), Europe (Germany, U.K., France, and RoE), Asia-Pacific, and Rest of the World (Brazil, Argentina, Mexico and Rest of Latin America). In 2016, North America is expected to account for the largest share of the microscopy market, followed by Europe. Both markets are estimated to register single-digit growth rates from 2016 to 2021. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities in this region. The growth of the microscopy market in the Asia-Pacific region will revolve around China, India, Australia, and countries in the Middle East.

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Major players operating in the Microscopy Market are Carl Zeiss (Germany), Danaher Corporation (Leica Microsystems) (U.K.), Nikon Corporation (Japan), FEI Co. (U.S.), and Olympus Corporation (Japan).

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