Microscopy Devices Market Overview
It has been noted that global microscopy devices market is growing at rapid pace and is expected to grow at a CAGR of 7.8%. Globally, there is huge demand for Microscopy Devices in various regions. The market for microscopy devices has been on rise over the past many years. Even though microscopy devices are used in life science and medical research for centuries, the amount of invention has not declined. Currently, there is wide range of microscopy products available in the market. The rapid advances in electronics and sensors, information technology and telecommunications has led to the advancement of microscopy devices. The technologies that are enabling innovations today, have created opportunities for growth of these devices in coming future.
Additionally, there are certain other factors such as expansion of the semiconductor industries in most of the emerging nations and rising research and development activities initiated by schools, governments, universities, and research institutions across the developing regions has fueled the growth of the global microscopy devices market. But the large capital investments, complexities in the maintenance of these devices and premium pricing has hampered the growth of microscopy devices market.
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Segmentation
Global microscopy devices market has been segmented on the basis of types which includes optical microscopes, electron microscope, scanning probe microscope (SPM), others. Optical microscopes has the largest market share in global microscopy devices by type and will be constant in future starting from 2016 lasting till 2022.
On the basis of applications the market is segmented into life science, material science, pathology, nanotechnology and others. Life Science segment has the largest market share in global microscopy devices by application for the forecasted period from 2016 lasting till 2022. The market for microscopy devices is mainly growing because of the increasing use of microscopy devices in the field of life sciences.
Furthermore on the basis of end users the market is segmented into hospitals & clinics, academic & research institutes, diagnostics centers and others. Hospitals & clinics segment holds the largest market share for global microscopy devices by end user for the forecasted period from 2016 lasting till 2022.
Regional analysis
As per Market Research Future analysis, the global microscopy devices market has grown tremendously in Asia-Pacific, North America, Europe and Middle East & Africa region. Geographically, Asia-Pacific holds the largest share of more than 40% of microscopy devices market and is expected to be the leading market during 2016-2022. Asia-Pacific market for microscopy devices is growing due to increasing investment in the research and development in these region by the governments. Such as, China is the world’s second largest investor in research and development programs according to World Bank data. Furthermore, new development in semiconductors industry in the emerging nations has derived the growth of this market.
After Asia-pacific region, North American market is the second largest market in the global microscopy devices market. Increasing focus on R&D in nanotechnology and life sciences industries coupled with large federal and corporate funding serves as a significant driver for this region.
Global Microscopy Devices Competitive Analysis:
Some of the Major players of this market as follow:
- FEI
- Nikon Metrology NV
- Woodley Equipment Company Ltd
- Radical Scientific Equipments Pvt Ltd
- Bruker
- Mauna Kea Technologies SA
- Icon Analytical Equipment Pvt. Ltd
- Meiji Techno
Other prominent vendors in the market are:
- OLYMPUS CORPORATION
- NIDEK Inc.
- Sonix, Inc.
- Konan Medical USA Inc.
- Carl Zeiss
- Leica Microsystems
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