The global microscopy market is projected to reach USD 9.5 billion by 2027 from USD 7.2 billion in 2022, at a CAGR of 5.8% during the forecast period. Factors such as the favorable funding scenario for R&D in microscopy, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine are key for the growth this market during the forecast period. However, high cost of the advanced microscopes is expected to act as restrain the market growth.
The microscopy market is consolidated with major international players dominating the in key geographies. Major players implemented strategies such as product launches & enhancements, approvals, agreements and partnerships, and acquisitions between 2018–2022 to expand their global presence and increase their market shares in the microscopy market. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years. In 2021, the microscopy market was dominated by Carl Zeiss (Germany), Danaher Corporation (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan), among others.
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CARL ZEISS (GERMANY)
Carl Zeiss is one of the largest player operating in the global microscopy market. The company has a strong portfolio of microscopy products encompassing various applications such as semiconductor & electronics, healthcare & lifesciences, automotive, and materials science to mention a few. The company launched ten new products in the last three years, including advanced microscopy software such as ZEISS ZEN Connect, ZEISS ZEN Core, and microscopy systems such as ZEISS Crossbeam 550, ZEISS EVO, and Axio Observer. The company is focused on inorganic growth strategies to strengthen its position in the global as well as local market. In June 2019, Zeiss acquired GOM GmbH (Germany), a leading provider of hardware and software for automated 3D coordinate measuring technologies.
THERMO FISHER SCIENTIFIC (US)
Thermo Fisher Scientific operates in the global microscopy market through its prominent subsidiary, FEI Company and is among the top three players in the global microscopy market. The company offers a wide portfolio of industrial as well as academic microscopes such electron, ion-beam, and FTIR-Raman microscopes as well as accessories and software. FEI launched 19 new products in this market during the last 3 years and focuses on product innovations & launches. Moreover, expansion of the company’s distribution & sales networks through strategic agreements, collaborations, partnerships, and acquisitions; and continued focus on improving its operational efficiency have helped the firm sustain its position in the microscopy market.
Microscopy Market by Product (Microscope, Software, Accessories), Type (Optical Microscope (Stereo, Digital), Electron Microscope (SEM, TEM), AFM, STM), Application (semiconductor, life science), End User (Industrial, Research) - Global Forecast to 2027
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