Thermo Fisher Scientific (US), Danaher (US) and JEOL Ltd. (Japan) are Leading Players in the Cryo-electron Microscopy Market
The global cryo-electron microscopy market is projected to reach USD 2.1 billion by 2028 from USD 1.1 billion in 2022, at a CAGR of 11.6% from 2022 to 2028. The rising use of cryo-electron microscopy in structural biology, introduction of novel software, and advancements in detection cameras is fueling the growth of the market.
The cryo-electron microscopy market is moderately competitive, with both established companies and upcoming competitors for the same market share. As of 2021, the key player operating in the global cryo-electron microscopy market are Thermo Fisher Scientific (US), Danaher (US), JEOL Ltd. (Japan), Intertek Group Plc (UK), Charles River Laboratories (US), Carl Zeiss (Germany), Hitachi High-Technologies Corporation (Japan), Oxford Instruments (UK), Gatan, Inc. (US).
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To further increase their market share in the global cryo-electron microscopy market, these competitors have utilized a variety of strategies, including acquisitions, agreements, partnerships, and product releases. In 2021, a higher share of the cryo-electron microscopy market was held by Thermo Fisher Scientific (US), Danaher (US), JEOL Ltd. (Japan).
Thermo Fisher Scientific (US):
Thermo Fisher Scientific is headquartered in Massachusetts, United States. The company is having a global name in cryo-electron microscopy market. In 2020, Thermo Fisher Scientific launched Glacios 2 Cryo-Transmission Electron Microscope. This product supports the rapid generation of 3D structures. The company provides high-end instruments, software, and services.Some of the notable subsidiaries of Thermo Fisher that provide microscopes include FEI Company (US), FEI Korea Ltd. (South Korea), FEI Melbourne Pty Ltd. (Australia), FEI Global Holdings C.V. (Netherlands), FEI Microscopy Solutions Ltd. (Israel), FEI France SAS (France), and FEI Italia Srl (Italy). The products offered by the company are widely used in structural biology research, drug discovery, neurogenerative research, and infectious disease research. The company has adopted inorganic growth strategies such as acquisitions to strengthen its market position. The company has a long-standing customer relationship. Agilent has is a good geographic diversification.
Danaher (US)
Danaher is headquartered in Washington, US and was founded in 1969. Danaher provides cryo-EM microscopy solutions through Leica Microsystems, its life science subsidiary. Leica offers microscopy solutions for applications in life science, medical, pathology, forensic, academic, and industrial solutions.
Danaher is one of the biggest players in the cryo-electron microscopy sector. It is known for ground-breaking inventions and launches innovative products. Danaher also make a significant contribution towards research and development. The innovations help increased sensitivity and improved results. It is dedicated towards addressing the potential challenges faced by its customers.
JEOL Ltd. (Japan):
JEOL was founded in 1949 and is headquartered in Kyoto, Japan. JEOL is the leading company in the cryo-electron microscopy market. The company operates in various regions around the globe. Its revenue growth is backed by its robust presence in APAC countries, mainly Japan and China. The company has been successful in meeting the demands of customers and focuses on inorganic growth strategies such as acquisitions to strengthen its position in the market.
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Cryo-electron Microscopy Market by Product & Service (Instruments, Software, Services), Technology (Electron Crystallography, Cryo-ET), Voltage (300 kV), Application (Cancer, Omics, Gene Therapy, Nanotechnology, Vaccine) - Global Forecast to 2028
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