Microscopy Market drivers of growth analyzed in a new research report
Category: #health  By Partha Ray  Date: 2019-08-19
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Microscopy Market drivers of growth analyzed in a new research report

Microscopy market size is expected to grow significantly from 2019 to 2025. Rising R&D activities in the life sciences industry is the key factor driving microscopy market growth during the forecast period. Increasing application of microscopes in various industries including agriculture, nanotechnology and atomic studies will favor business growth. Rapidly growing biomedical research and engineering sector focusing on innovation in products and technologies will surge the demand for advanced microscopes. Rising public and private funding will further fuel the microscopy industry growth  market over the coming years.

High demand for microscopes in surgical interventions pertaining to cancer and neurosciences will positively impact microscopy business growth. Surgical interventions demand advanced magnified imaging systems to accomplish effective surgical outcomes. Focus of industry players on development of technologically advanced devices will foster business growth. For instance, Cordless Digital Microscope DG-3x developed by Scalar Corporation is a portable digital microscope with LCD monitor that display larger and easily viewable images. Availability of such advanced magnification and visualization devices will accelerate the microscopy industry growth. However, high cost of the technologically advanced microscopes may impede the microscopy market growth during the forthcoming years.

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The microscopes segment held significant revenue share in 2018 and is estimated to show similar trend over the forecast period. Advent in technology coupled with increasing focus on research activities will increase the adoption of advanced microscopes. Ability of electron microscopes to produce powerful magnification and high resolution images will further surge its demand in various scientific research areas, thereby accelerating the microscopes business growth over the analysis timeframe.

The pathology segment market accounted for considerable revenue share in 2018 and is anticipated to grow over the forecast timeframe. Wide adoption of microscopes for examining tissues, tissue slices, exfoliated cell and body fluids among others will surge its demand in pathological applications. Availability of ergonomically designed, specialized pathology microscopes that offer high optical performance, true color reproducibility and robust slide loader system will favor segment growth.

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The academic and research institutes segment held substantial revenue share in 2018 owing to increasing demand for advanced microscopic devices. Growing funding by private and public organizations in various research & development activities will spur the business size during the upcoming years. Researchers and scientists are adopting new flexible techniques for research studies owing to innovation and modernization in microscopy techniques, leading to segment growth.

North America microscopy market accounted for momentous revenue in 2018 and is estimated to show similar growth over the forecast period. According to the National Cancer Institute, around 1,735,350 new cancer cases and 609,640 cancer deaths were estimated in 2018. Thus, increasing research activities focusing on specialized cancer treatments, neuroscience and other surgical interventions will favor business growth. A strong foothold of major industry players in North America will further augment North America microscopy industry growth.

Some of the notable players operating in microscopy market are Abbott Laboratories, Agilent, GE Healthcare, Bausch and Lomb, Hitachi, Bruker, Olympus, Carl Zeiss, Danaher, Scalar, Thermo Fisher Scientific and Nikon. The companies mainly focus novel product launch and strategic alliances including mergers, and acquisitions to gain more revenue share and sustain market competition.

Company Profiles:

  • Abbott Laboratories
  • Agilent
  • GE Healthcare
  • Hitachi
  • Olympus
  • Bruker
  • Carl Zeiss
  • Danaher
  • Thermo Fisher Scientific
  • Nikon
  • Bausch and Lomb
  • Scalar
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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