Microscopy Devices Market

Microscopy Devices Market Outlook (2023 to 2033)

The global microscopy devices market stands at a value of US$ 9.9 billion in 2023 and is estimated to exhibit expansion at 6.9% CAGR over the next ten years. As such, worldwide microscopy device shipments are forecasted to reach US$ 19.3 billion by 2033-end.

Microscopy is a field of study that involves the use of microscopes to study small objects that are not visible with the naked/unaided eye. Optical, scanning probe, and electron are the three prime branches of microscopy. Microscopy equipment is extensively used in the medical industry for various applications.

Shipments of microscopy devices are projected to be primarily influenced by the rising prevalence of chronic diseases and increasing focus on healthcare across the world. High life science research activity around the world is also projected to favour sales of laboratory equipment and microscopy supplies over the coming years.

Technological advancements in the field of microscopy and the launch of more powerful microscopy equipment are also expected to supplement market potential through 2033. Increasing investments in healthcare infrastructure development, growing awareness regarding health and fitness, significant advances in medical R&D, widespread adoption of advanced microscopy procedures, and increasing government spending on medical research are other aspects that could potentially augment microscopy device sales going forward.

• In March 2023, ZEISS, a leading name in the optics and optoelectronics industry, announced the launch of its new X-ray microscope that breaks resolution performance barriers for industrial and academic research applications. The ZEISS Xradia 630 Versa is an addition to the already popular Xradia Versa family with better-guided workflows and higher throughput.

On the flip side, the high cost of advanced microscopes and microscope accessories is expected to hurt microscopy equipment demand over the next ten years. The expanding scope of application for microscopy in the semiconductor industry is predicted to open up new avenues of opportunity for incoming as well as established microscopy device vendors throughout the forecast period.

Report Attributes	Details
Microscopy Devices Market Size (2023)	US$ 9.9 Billion
Projected Market Value (2033F)	US$ 19.3 Billion
Global Market Growth Rate (2023 to 2033)	6.9% CAGR
North America Market Share (2022)	25%
Market Share of Asia Pacific (2033F)	>45%
Key Companies Profiled	JOEL Ltd. FEI Company Leica Microsystems Hitachi High-Technologies Corporation Carl Zeiss Microscopy GmBh Bruker Corporation CAMECA SAS. Olympus Corporation Nikon Corporation

How are Start-ups Improving Their Market Presence in This Space?

“New Companies Developing Advanced Microscopy Equipment”

Microscopy device start-ups are focusing on developing advanced microscopes that are revolutionizing the field of microscopy by being able to view new structures in medical research applications. These upcoming microscopy device companies are also integrating advanced technologies and making microscopes more accessible and affordable for all kinds of users.

• Alexapath, a start-up focusing on reforming medical imaging and founded in 2016, has developed an IoT device that can be attached to a microscope at any stage with a camera mounted at the eyepiece thus converting the microscope into a virtual imaging device. Auto Diagnostic Assistant (ADA) was claimed to be the world’s first IoT robotic slide holder.
• Augmentiqs, an Israeli company based in Misgav, is looking to transform the way we use microscopes with the use of augmented reality (AR) technology. The company aims to make AR microscope devices that allow real-time digital pathology capabilities. The company aims to bridge the gap between analog microscopes and the ever-evolving digital landscape.

Microscope in mobile phones is a trend that is projected to pick up pace over the coming years and could create new opportunities for upcoming microscopy device companies. More new developments by start-ups and how they augment product standards and pricing trends have been explained in this latest microscopy devices market research study by Fact.MR, a market research and competitive intelligence provider.

Which Key Aspect is Fueling Demand for Microscopy Devices?

“Surging Investments in Medical R&D to Bolster Market Growth”

The advent of several chronic diseases has resulted in a heightened focus on healthcare around the world, which is in turn boosting the demand for microscopy devices and other lab supplies around the world. Advancements in medical and healthcare technologies are also projected to promote the demand for novel microscopy equipment across the forecast period.

Supportive government initiatives, research grants, and funding from private companies are also helping in bolstering the medical R&D sector in several countries, which is anticipated to uplift sales of microscopy devices in the future. Established as well as new microscopy device manufacturers are focusing on benefitting from the aforementioned initiatives through innovative solutions and services.

• In March 2023, Alveolus Bio, an Alabama-based start-up company, announced that it had received a US$ 2.5 million worth SBIR (Small Business Innovation Research) FastTrack grant from the National Institutes of Health (NIH), a part of the United States Department of Health and Human Services.

Country-wise Insights

Will Japan Be a Lucrative Market for Microscopy Device Suppliers?

“Rising Focus on Healthcare Infrastructure Development to Boost Demand for Microscopy Products”

Like most other Asian countries, the focus on healthcare and medical infrastructure development has increased in Japan as well, which is anticipated to bolster demand for products such as laboratory supplies, imaging devices, electrophoresis devices, spectroscopy devices, etc. in the country over the coming years. The presence of a high geriatric population and supportive government initiatives to boost medical R&D are expected to further bolster market potential in Japan through 2033.

The launch of new and advanced microscopy devices is also expected to benefit market development in the country across the forecast period and beyond. The establishment of new biotechnology and life science research companies is also projected to uplift the demand for microscopy equipment in Japan over the next ten years.

• In September 2020, Bio Palette Co. Ltd., a biotech start-up based in Kobe, Japan, announced that it had raised nearly US$ 9.5 million in a Series A finance round to advance its research and development of Target-AID, a version of the editing technique.

Which European Countries Should Microscopy Device Companies Target?

“Germany, Italy, and United Kingdom to Be Prime Markets in Europe”

The COVID-19 pandemic exposed all the faults of healthcare systems around the world and this has been true for European countries as well. Governments of European countries are focusing on increasing their investments in healthcare infrastructure development and funding medical research to fulfil the shortcomings that could endanger their citizens’ health in the future.

Growing incidence of chronic diseases, rapidly aging population, and rising healthcare expenditure are other aspects that could promulgate microscopy device sales over the next ten years in Germany, France, Italy, and other European countries. The rising availability of advanced laboratory equipment and growing research activity in the European region will also benefit the demand for spectroscopy equipment, imaging devices, and other lab supplies going forward.

How Opportune is the United States Market for Microscopy Device Manufacturers?

“Rapid Adoption of Advanced Microscopy Techniques to Offer Moneymaking Opportunities”

The United States is a highly remunerative market for microscopy device companies owing to the rapid adoption of novel microscopy equipment and rising investments in research activity. The growing number of new launches of advanced microscopes, the high incidence of chronic diseases, and the surging demand for pathology services are other aspects that are anticipated to promulgate microscopy device sales in the United States over the next ten years.

• In October 2020, Aesculap Inc., a surgical subsidiary company of the B. Braun family of businesses, announced the launch of Aesculap Aeos™, which is a robotic digital microscope. The new launch was a result of a collaboration between True Digital Surgery Inc. (TDS) and Aesculap.
• In December 2021, Vision Engineering, a leading manufacturer of microscopes, announced the launch of its first 4K resolution digital microscope called Macrolite 4K with a magnification capability of up to 330x.

Category-wise Insights

Which Type of Microscopy Will Continue to Trend?

“Electron Microscopy to Witness Rapid Hike in Popularity”

Based on product type, the market for microscopy systems is segmented into optical microscopy, electron microscopy, scanning probe microscopy, and microscopy accessories.

Electron microscopy is anticipated to be highly popular over the coming years through 2033. Higher magnification capability and better resolution as compared to other microscopy techniques are estimated to boost sales of electron microscopes across the forecast period. The rising number of new launches of electron microscopes with advanced technologies and the rising scope of application in several industry verticals are also expected to incite growth in this segment in the future.

A more comprehensive account of all trends influencing supply chain management, local supply, global demand, etc., has been mentioned exclusively in this revised Fact.MR research report.

Competitive Landscape

Leading microscopy device manufacturers are eyeing mergers, collaborations, acquisitions, and partnerships to expand their business potential and increase revenue generation capacity.

• In March 2021, LIG Nanowise, a Manchester-based start-up founded in 2014, announced its partnership with Nikon Metrology Europe, to use LIG’s microsphere technology for Nikon LV100ND and LV150N microscopes.

Top microscopy device providers are also hastening the launch of new products to increase their sales potential and gain a competitive edge over other players operating in the global landscape.

• In June 2022, Hitachi High-Tech Corporation, a subsidiary of Hitachi, announced the launch of its new AFM100 Pro High-Sensitivity Scanning Probe Microscope System that enables measurement at molecular and atomic levels.

Key Segments of Microscopy Devices Industry Research

• By Product :

  • Optical Microscopy
    • Light Microscopy (Inverted and Upright Microscopy)
    • Confocal/Multiphoton Microscopy
    • X-Ray Microscopy
    • Fluorescence Microscopy
    • Phase Contrast Microscopy
    • Stimulated Emission Depletion Microscopy
  • Scanning Probe Microscopy
    • STM (Scanning Tunneling Microscope)
    • AFM (Atomic Force Microscopy)
    • NSOM (Near-field Scanning Optical Microscopy)
  • Electron Microscopy
    • SEM (Scanning Electron Microscope)
    • TEM (Transmission Electron Microscopy)
    • STEM (Scanning Transmission Electron Microscope)
    • FIB (Focused Ion Beam)
  • Microscopy Accessories
    • Microscopy Cameras
    • Objective Scanners
    • Others

• By Application :

  • Cell and Molecular Biology
  • Pharmacology and Toxicology
  • Clinical Pathology and Diagnostics
  • Surgery
  • Biomedical Engineering
  • Neuroscience
  • Others

• By End User :

  • Hospitals
  • Diagnostic Laboratories
  • Ambulatory Surgical Centers (ASCs)
  • Physician Offices
  • Academic & Research Institutes

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA