DUBLIN--(BUSINESS WIRE)--Oct 13, 2021--

The global life science microscopy devices market is expected to grow at a CAGR of 10%. Life science area supports the imaging needs of the scientific community with advanced innovation & technical expertise for the visualization, measurement and analysis of microstructures. It plays a vital role in health care sector, research sector and lab testing. In microscope an image may also be enlarged by many other wave forms including acoustic, X-ray or electron beam and be received by direct or digital imaging or by a combination of these methods. Key applications of life science microscopy includes testing labs, pharmacy and biotechnology companies. Testing labs are dominant users of life science microscopy devices.

Key Growth Due To Focus on R&D

The increasing expenditure in R&D for development of improved and advanced product is the major driving factor of the life science microscopy devices market. Growing trend of microscopy application in life science research contribute growth to the life science microscopy devices market. Increasing demand of microscopy is owing to rising prevalence of chronic diseases and incidence of acute infections across the world which supports lucrative growth of the life science microscopy market. However, the cost pertaining to microscopy device is becoming one of the restraining factors in budget constraint area of life science.

Application in Drug Discovery Demanding the Growth of Microscopy Devices Market

Microbiology and cell biology segments hold the major share in life science microscopy devices market on account of growing research work. The increasing healthcare expenditure supports the research procedure which drives the microscopy market to grow significantly. The advancement in pharmacology especially drug discoveries in terms of broader treatment aspects of globally prevalent diseases is one of the main revenue generator of life science microscopy devices. Microscopy also plays important role in ADMET testing in toxicology; it helps to save the resources spent on drug discoveries as many drugs fail during metabolism or absorption stages. The toxicology and pharmacology segments are anticipated to witness significant growth in life science microscopy devices market. Efficient investigation of diseases is crucial for the treatment purpose which makes the microscopes more preferable in the pathology area.

Microscopy Demand Spikes during Pandemic

Electron microscopy methods have proven instrumental to recent coronavirus research for sure. From resolving the SARS-CoV-2 spike protein to identifying vaccine candidates, research labs around the world have been working closely with electron microscopists to study cells, viruses and proteins at the molecular level. This caused a sudden spur in the sales and therefore the growth rate of microscopy devices market.

North America to Dominate

North America is estimated to dominate the life science microscopy devices market due to adaptability of advanced technology in healthcare and life science field followed by Europe. Developed research infrastructure, as well as increasing fund for life science research and drug discoveries in North America contribute majorly to witness lucrative growth to the life science microscopy devices market. North America and Europe hold the major market share as a result of presence of major manufacturers of life science microscopy devices. Asia-Pacific region will see substantial growth in next few years due to growing research facilities, rising health awareness and initiatives of governmental organizations.

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the Life science microscopy devices market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the Life science microscopy devices market and what are their key product categories and strategies?
  • What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

Market Dynamics

Drivers

  • Evolving CI Trend and Rise in Discretionary Income
  • Superiors Advantages of Using autonomous mobile robots
  • Increasing use of Customized material as a Promotional Tool

Challenges

  • Limitations of Technique over other Methods

Companies Mentioned

  • Hitachi High-Technologies Corporation
  • Olympus Corporation
  • Thermo Fisher Scientific Inc
  • Carl Zeiss Microscopy GmbH
  • Nikon Corporation
  • Carl Zeiss AG
  • PicoQuant
  • Keyence Corporation
  • JEOL Ltd
  • Bruker
  • Leica Microsystems

For more information about this report visit https://www.researchandmarkets.com/r/trs4bz

Laura Wood, Senior Press Manager

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SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 10/13/2021 11:55 AM/DISC: 10/13/2021 11:55 AM

Copyright Business Wire 2021.

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