According to a new market research report, ‘Microscopy market in Latin America’, published by MarketsandMarkets (www.marketsandmarkets.com), the microscopy market in Latin America shows a significant growth potential and is expected to reach $173,932 thousand in 2015 from $87,416 thousand in 2009 at a CAGR of 11.4% during 2010-2015.
As of 2009, the Latin American region contributes to approximately 4.3% of the global microscopy instruments market. In Latin America, initiatives of government towards development and promotion of nanotechnology research and growing interest of pharma and biotechnology companies towards expansion of their global clinical trials projects to the Latin American region are expected to be the primary drivers of this market during the forecasted period of 2010-2015.
On the basis of the mechanism of operation or functioning, the microscopy market can be segmented as optical microscopes, electron microscopes, and scanning probe microscopes.
The optical microscopy segment represented the largest market share of the overall advanced microscopy instruments market in Latin America. However, this is the slowest growing market with an expected CAGR of 8.9% during 2010-2015. Optical microscopes are losing their market to electron and scanning probe microscopes which are expected to grow at a CAGR of 12.1% and 19% respectively during 2010-2015.
Scope of the report
The report evaluates market for advanced microscopy technologies in Latin America with respect to revenues, growth, and industry focus in the following markets:
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