Microscopy Market by Product (Optical Microscopy (Fluorescence & Super Resolution Microscope), Confocal Microscopy, Electron Microscopy), Application (Semiconductor, Life Sciences) & End Users (Academic Institutes, Industries) - Global Forecast to 2021
Rising Focus on Nanotechnology, Technological Advancements, and Increasing Federal Support to Drive Growth of the Microscopy Market
The global microscopy market is poised to reach USD 6.72 billion by 2021 from USD 4.68 billion in 2016, at a CAGR of 7.5% from 2016 to 2021.
Developing markets such as the Middle East, Brazil, Argentina, Mexico, China, and India are lucrative markets for microscopy, owing to favorable government incentives and corporate funding.
The report segments the global microscopy market by product, application, end user, and region. The electron microscopes segment is expected to grow at the highest CAGR in the forecast period. Super-resolution microscopes are the key playing field in the microscopy product market, owing to ongoing technological advancements in this segment.
On the basis of applications, the microscopy market is categorized into semiconductors, life sciences, nanotechnology, and material science. Nanotechnology is expected to be the new revenue pocket in the application market. Rising focus on nanotechnology, favorable government and corporate funding, and technological advancements are propelling the growth of these segments.
Academic institutes are the major end user of the microscopy market, followed by industries. The large share of this segment can be attributed to increase in research activities and favorable government funding.
New and innovative product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.
The deviations and overlap of revenue between applications and products in a number of sources was the major challenge faced while estimating market size. This challenge was overcome by validating data through a large number of industry experts and key opinion leaders.
From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the microscopy market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends) and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the microscopy market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on products offered by the top players in the microscopy market
Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the microscopy market
Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for microscopy products across various regions
Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the microscopy market
Competitive Assessment: In-depth assessment of market ranking, strategies, products, and manufacturing capabilities of the leading players in the microscopy market