Market Trends of Global Microscopy Device Industry
This section covers the major market trends shaping the Microscopy Device Market according to our research experts:
Electron Microscopy is Expected to Witness a Rapid Growth in the Microscopy Device Market During Forecast Period
Electron microscopy is a technique for obtaining high-resolution images at the speed of biological as well as non-biological samples. It is one of the most important techniques available for the analysis of properties such as morphology, crystal and defect structure, elemental composition, and electronics of any kind sample. The electron microscopy devices are preferred over other types of devices due to factors like availability of higher magnification and resolution, diverse areas of application and it produces very high-quality images which is one of the major factors for the growth of the market.
The electron microscopy segment is dominated by companies, such as ThermofisherScientific), Hitachi, Carl Zeiss, and JEOL Ltd. Electron microscopy has high magnification ratio and have vital applications in material science, biology, nanotechnology and semiconductors sectors.
The growing product launches throughout the globe are increasing the usage of these devices forecasting good growth in the coming years. For instance, in November 2021, JEOL Ltd., launched a new scanning electron microscope (SEM), the JSM-IT510 series, JSM-IT510 Series InTouchScope, which is said to be easy to acquire data for all specimen types.
In July 2021, Thermo Fisher Scientific has announced the Thermo Scientific Phenom Pharos G2 Desktop Field Emission Gun - Scanning Electron Microscope (FEG-SEM) designed to increase access to advanced nanomaterial research capabilities. In Aug 2020, JEOL Ltd released a new scanning electron microscope (SEM), the JSM-IT700HR InTouchScope SEM for unprecedentedly high throughput.
In May 2020, JEOL Ltd unveiled JSM-IT800, a new Schottky field-emission scanning electron microscope (SEM) with features of in-lens Schottky Plus field emission electron gun for high-resolution imaging to fast elemental mapping and includes SEM Center, a graphical user interface that supports integration of an energy dispersive x-ray spectrometer.
Additionally, in Feb 2020, JEOL Ltd introduced F100 FE-SEM, a new Field Emission Scanning Electron Microscope that features an in-lens detector and energy filter, an Aperture Angle Control Lens (ACL) for superb resolution at any kV or probe current, Beam Deceleration (BD) mode for charge reduction and enhanced surface detail, and a variable pressure option for non-conductive specimens.
Thus, electron microscopy devices are expected to witness rapid growth during the forecast period.
North America is Expected to Dominate the Microscopy Device Market Over the Forecast Period
North America holds a major share in the microscopy device market and is expected to show a similar trend over the forecast period mainly due to the huge investment in the research and development activities and in North America, the United States will hold the largest market in the microscopy device market in the region.
The major factors contributing to the market growth in the United States are the growing burden of chronic diseases, technological advancements in the field of microscopy, growing product launches, rising adoption of key strategies such as partnerships and acquisitions, and growing investments expected to lead to market growth.
According to the American Cancer Society, Inc. in 2022, an estimated 1.9 million new cancer cases will be diagnosed and an estimated 609,360 cancer deaths in the country. About 236,740 new cases of lung cancer will be diagnosed in the country in 2022. The same source also states that 79,000 new cases of kidney cancer and 13,920 deaths are estimated in 2022 from Kidney cancer. The high burden of cancer is expected to boost the life science research for developing new therapies for treating cancer, thereby augmenting the demand for microscopes and thus, driving the market.
In June 2022, ZEISS Microscopy entered into a strategic partnership with LabCentral to provide access to key life science microscopy innovations for imaging and analysis solutions to researchers in LabCentral in the United States for routine cell culture assessment, automated high-resolution imaging of live cells and whole slide scanning of fixed cells and tissues. Such partnerships will provide the accessibility of advanced microscopes in the country, which is expected to drive the market in the future.
In July 2021, Thermo Fisher Scientific launched Phenom Pharos G2 Desktop Field Emission Gun - Scanning Electron Microscope (FEG-SEM) designed to increase the access to advanced nanomaterial research capabilities.
In March 2021, EUROIMMUN, a PerkinElmer, Inc. company launched EUROPatternTM Microscope Live (EPML) compact immunofluorescence microscope, bundled with EUROLabOfficeTM 4.0 (ELO 4.0) laboratory management software. The combined system of hardware and software allows for ultrafast automated immunofluorescence image acquisition, pattern recognition, and titer estimation as well as modern diagnostics at the screen. Thus, the launch of technologically advanced products in the field of microscopy will also augment the market.
In June 2021, the University of Maryland (UMD) received USD 10 million in research investment for 7 projects by the UMD Research Instrumentation Fund. One of the key projects named "Light Sheet Instrument for Multiscale Cell Dynamics" included a dual-inverted selective plane illumination microscope. Hence, such investments are expected to increase market growth in the upcoming future.
Thus, due to the above-mentioned factors, the studied market is expected to grow in the United States during the study period.
