The global objective lens market is expected to surpass the value of US$ 5.3 Bn by the end of 2031
Companies are concentrating on positive or limited negative-impact industries such as microscopy, semiconductor, and health-tech amid the ongoing COVID-19 pandemic to keep the economies running. FTIR (Fourier Transform Infrared) imaging microscopes are being manufactured using the best materials and the electronics technology. However, imaging challenges involving low distortion in scan lenses and zoom lens systems are inhibiting the growth of the objective lens market. Hence, companies should acquire proficiency in customizable objective lenses for researchers and OEM (Original Equipment Manufacturers) customers in order to boost the uptake of objective lenses. In addition, automated digital microscopy is transforming the field of modern biomedical applications and life sciences.
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Automated digital microscopy and fluorescence imaging is playing a pivotal role in modern biomedical applications and diagnostic instruments. Instrument development and contract manufacturers are creating awareness about automated digital microscopy & fluorescence imaging concepts with the help of online videos. Thus, the booming digital marketing space is increasing the visibility of microscopes with objective lenses. Thus, companies in the objective lens market should explore untapped opportunities in online sales and digital marketing to increase the uptake of objective lenses.
Cell imaging instruments, DNA (Deoxyribonucleic Acid) sequencers, and digital pathology scanners are generating stable revenue streams for companies in the objective lens market. Manufacturers are focusing on improving the performance of objective lenses that are being pervasively used in high-precision automated digital microscopes.
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Rapidly Growing Research Activities Catalyzing Demand for Lenses amid Coronavirus Crisis
Companies in the market are increasing awareness about handling and disinfecting microscope products in order to contain the spread of the coronavirus. Manufacturers of optics and imaging products are educating its users about WHO (World Health Organization) guidelines for general handling and disinfection of microscope products. As such, local medical authorities and relevant organizations are also following the WHO guidelines to contain the spread of the COVID-19 virus.
Since R&D activities in labs and research centers have intensified over the past couple of months, companies in the objective lens market are capitalizing on this trend to increase the availability of objective lens products. The unprecedented demand for vaccines and drugs that reduce the severity of COVID-19 and its possible variants in patients is another key factor for increased sales of objective lenses. On the other hand, many disinfectant formulations are not compatible with objective lens products. Hence, manufacturers are advising users to follow user manual guidelines for cleaning and disinfection of objective lenses.
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The growing demand for improved image flatness and numerical aperture has triggered innovations in objective lenses. For instance, Japan-based optical product companies are acquiring global recognition for their objectives that are a breakthrough innovation in optics and photonics technologies. Companies in the objective lens market are increasing their R&D activities in new manufacturing technologies in order to gain a competitive edge over other market players.
New manufacturing technologies help improve image flatness and correct the chromatic aberration. Users in the medical and research field are benefitting from improved objective lenses, owing to their advantageous qualities of acquiring bright and high-quality images. The competition in the objective lens market is intensifying, as manufacturers are increasing their availability of lenses that deliver improved quantitative data acquisition. Latest series of lenses accelerate the speed of creating large and stitched images.
