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Microscopy market worth 7.39 billion USD by 2022 according to new research report

Microscopy market worth 7.39 billion USD by 2022 according to new research report

Browse 209 Market Data Tables and 33 Figures spread through 201 Pages and in-depth TOC on "Microscopy Market by Product (Microscopes, Accessories), Type (Optical Microscope, Electron Microscope, AFM, STM, NSOM), Application (Semiconductor, Nanotechnology, Electronics), End User (Industrial, Research Institute, Blood Bank) - Global Forecast to 2022"

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Market Players: Carl Zeiss (Germany), Danaher (US), Thermo Fisher (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan) are the key players in the microscopy market. Other notable players operating in this market include Keyence (Japan), Vision Engineering (UK), Helmut Hund (Germany), Labomed (US), OPTIKA (Italy), HORIBA (Japan), Beijing Tech Instrument Co.

(China), Laxco (US), ACCU-SCOPE (US), Advanced Imaging Concepts (US), Blue Light. (US), Brunel Microscopes (UK), Kramer Scientific (US), Semilab (Hungary), and Meiji Techno Co.

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(Japan).

The global microscopy market is projected to reach USD 7.39 Billion by 2022 from USD 5.60 Billion in 2017, at a CAGR of 5.7%. The market growth can be attributed to the favorable government and corporate funding for R&D in microscopy, technological advancements in microscopes, rising focus on nanotechnology and regenerative medicine, and favorable regulatory scenario.

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Factors such as growth opportunities in emerging markets, increasing application areas of microscopy, and integration of microscopy with spectroscopy offer lucrative opportunities for players in the global market for microscopy.

In this report, the global microscopy market is segmented on the basis of product, type, application, end user, and region. Based on product, the market for microscopy is segmented into microscopes and accessories & software.

In 2017, microscopes segment is expected to account for the largest share of the global microscopy market, in terms of value. Whereas, the accessories & software segment is expected to register the highest growth rate due to the development of novel image acquisition software for microscopes.

Based on type, the market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, and other microscopes. The other microscopes include X-ray, Raman, and scanning acoustic microscopes.

The electron microscopes segment is expected to register the highest CAGR. Factors such as growing R&D activities and easy availability of funds are expected to drive the growth of the electron microscopy market.

On the basis of application, the global microscopy market is divided into semiconductors, life sciences, material sciences, nanotechnology, and other applications. In 2017, the semiconductors segment is expected to account for the largest share of the global market for microscopy.

Microscopy is used extensively in the semiconductor industry for R&D, quality control (QC), monitoring, process development, and failure analysis. The growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is the major factor driving the growth of the market.

In 2017, in terms of value, North America is expected to account for the largest share of the global microscopy market, followed by Europe, Asia Pacific, and RoW. In terms of growth rate, Asia Pacific region is expected to register the highest growth rate from 2017 to 2022.

Rising R&D funding for the development of microscopes, increasing nanotechnology research, low material costs, and growing expertise and academic excellence in emerging APAC countries such as China and India are the major factors driving the growth of this market.

Factors such as high cost of advanced microscopes and implementation of excise tax and heavy customs duty are restraining the growth of the market and dearth of skilled professionals with expertise in operating advanced microscopes is expected to be the challenge for the market.

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