The Microscope
Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
This study also shows about the industry size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
Industry Insights
The global Microscope Market is projected to reach USD 12.7 billion by
2024, exhibiting a 7.8% CAGR over the forecast period. The magnification and
visualization devices such as microscope are the important part of scientific
research and research and development activities. The newer industries such as
polymer industry, nanotechnology, agriculture and atomic science are the key
customer of this device. The new technology advancements such as faster
performance and easy sample preparation fuel the market growth for microscope.
The devices are capable of displaying images in high definition and in
3-dimensional views.
The optical technology captures the highest market shares at academic
institutes and science research institutes for cellular or subcellular imaging
activities. The adoption of devices at academic institutes such as schools,
colleges, universities and private institutes and the growing research culture
in developing countries as well as at small scale industries raises the product
penetration. The another reason for industry growth is government and private
organizations funding for the research and technology development The price
plays an important role in product acceptance, the affordable price of the
device increases the product adoption. Thus, the above factors are the main
driver for the business growth.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Microscope Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Microscope Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Application insights
The application segment is classified in material science,
nanotechnology, life science and semiconductors. The life science segment holds
29.22% of revenue share and dominates the industry followed by the
semiconductors.
With recent development in sciences, nanotechnology is gaining space in
the industry. the recent research and
developments in pharmaceuticals, chemicals, biotechnology and other fields are
boosting the nanotechnological applications. Hence, this segment is anticipated
to be the fastest growing segment overt he forecast period.
Regional insights
North America accounts for 34.13% revenue share in 2016. The largest
share in North America is accounted due to its strong economy, technology
advancement and high adoption rate in the region. In addition, the government
provides heavy funding and investment in the R&D, thus opening more opportunities
for the market players.
Asia Pacific incorporated the growing economies such as India, Japan and
China. Japan is the largest manufacturer of technology products with the vast
number of local manufacturers. The government initiatives such as project
funding for R&D development and funding for the infrastructure development
at the schools and colleges increase the market. Thus, this region is projected
to be the fastest growing over the forecast period.
Competitive Insights
The major player for Microscope industry includes Hitachi
High-Technologies Corporation, Asylum Research, FEI Company, Olympus
Corporation, CAMECA Instruments, Nikon Corporation, Bruker Corporation, NT-MDT
Company, Carl Zeiss AG, and JeoL Ltd.
The major players invest in research and development for the better
opportunities and industry growth. The mergers and acquisitions are the key
strategies for the market expansion.
Know
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