Microscope Software Market - Type (Optical Microscope, Electron, Raman), Application (Lifescience, Material Science, Automotive), End User (Pharma Industry, Biotech, Academics, Research Institute (Neuroscience Application)) - Global Forecast to 2023

Microscope Software Market - Type (Optical Microscope, Electron, Raman), Application (Lifescience, Material Science, Automotive), End User (Pharma Industry, Biotech, Academics, Research Institute (Neuroscience Application)) - Global Forecast to 2023

“Rapid adoption of imaging solutions is expected to drive the overall growth of the microscope software market.”
The microscope software market is projected to reach USD 780 million by 2023 from USD 414 million in 2018, at a CAGR of 13.5%. The microscope software market is driven by various factors such the rapid adoption of imaging solutions, development of new microscopy methods, and increasing volumes of biological imaging data. However, the high cost of subscription and availability of open-source software are expected to limit market growth to a certain extent.

“The life sciences application segment is expected to grow at the higher CAGR during the forecast period.”
Life sciences are the fastest-growing segment in the microscope software market, by application. The microscope software applications market has been categorized into life sciences, materials sciences, and other applications, which include semiconductors, automotive, aerospace, electronics, and earth sciences. Due to the various opportunities created by new microscopy methods such as light-sheet microscopy, huge amounts of biological imaging data are gathered, which is expected to drive the growth of the market in the coming years.

“The pharma & biotech industries segment of the life science microscope software market is projected to hold the largest market share during the forecast period.”
This segment includes pharmaceutical and biopharmaceutical industries that use microscopy methods for research and QA/QC. Advancements in microscopy techniques such as digitization, live-cell imaging, super-resolution, and high-throughput methods are also generating interest among pharmaceutical and biotechnology companies. This, in turn, will drive the market for this end-user segment.

“Asia Pacific is expected to record the highest growth rate during the forecast period.”
The APAC microscope software market, particularly in China, Japan, and India, is expected to witness high growth in the next five years. The rising R&D funding for life science research, the rapid growth of its life sciences industry, increasing materials sciences research, and the growing manufacturing industry for materials and semiconductors are the major factors driving the growth of this market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the microscope software market.

By Company Type: Tier 1: 45%, Tier 2: 34%, and Tier 3: 21%
By Designation: C-level Executives: 14%, Directors: 10%, and Others: 76%
By Region: North America: 35%, Europe: 32%, APAC: 25%, and RoW: 8%

The major microscope software vendors include Danaher (US), Oxford Instruments (US), Carl Zeiss (Germany), Olympus (Japan), Nikon (Japan), Thermo Fisher Scientific (US), DRVISION Technologies (US), Media cybernetics (US), and Scientific Volume Imaging (Netherlands). The study includes an in-depth competitive analysis of these key players in the microscope software market, along with their company profiles, recent developments, and key market strategies.

Research Coverage:
The market study covers the microscope software market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, on the basis of type, application, and end user in life sciences. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall microscope software market and its subsegments. This report will help the stakeholders to understand the competitive landscape, to gain more insights to better position their businesses, and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.