Microscopy Devices Market Analysis (2020-2027)

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2. MEDICAL TRANSCRIPTION SERVICES MARKET ANALYSIS (2020-2027) • Microscopy Devices Market, By Product Type (Optical Microscopes (Inverted Microscope, Stereomicroscope, Phase Contrast Microscope, Fluorescence Microscope, Confocal Scanning Microscope, Near Field Scanning Microscope, Others), Electron Microscopes (Transmission Microscopes, Scanning Electron Microscopes), Scanning Probe Microscopes (STM, AFM), Others), By Application (Semiconductors, Life Sciences, Material Sciences, Nanotechnology, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

3. Optical microscopes, electron microscopes, and scanning probe microscopes are some of the types of microscopy devices used in the healthcare sector. Optical microscopes are further segmented into inverted microscopes, stereomicroscopes, phase contrast microscopes, confocal scanning microscopes, near field scanning microscopes and other optical microscopes. Statistics: The global microscopy devices market is estimated to account for US$ 17,130.4 Mn in terms of value by the end of 2027.

4. Global Microscopy Devices Market: Drivers • Approval and launch of new devices is expected to propel growth of the global microscopy devices market over the forecast period. For instance, in May 2018, Tomey USA received the U.S. Food and Drug Administration clearance of its EM-4000 Specular Microscope, which features Core method to count cells and can output data and images to a EHR server or standalone computer. • Moreover, increasing prevalence of ocular disorders is also expected to aid in growth of the market. For instance, according to National Eye Institute’s projections, the number of people in the U.S. with cataract is expected to reach 50 million in 2050.

5. Statistics: Asia Pacific held dominant position in the global microscopy devices market in 2019, accounting for 33.0% share in terms of value, followed by North America and Europe, respectively

6. Figure 1: Global Microscopy Devices Market Share (%) Value, By Region, 2019

7. Global Microscopy Devices Market: Restraints • Light microscopes are complex and house numerous fine-tuned lenses with tightly controlled dimensions. These microscopes require special and complex sample preparation techniques or the samples either get destroyed or structurally altered when viewed. Such scenario is expected to hinder growth of the market. • Moreover, high cost of microscopy devices is also expected to limit the market growth. For instance, Helios NanoLab Dual Beam SEM from FEI Company sells at US$ 2.2 million, Libra 200 TEM from Zeiss is priced at US$ 2.5 million, and Titan G2 80-200 scanning transmission electron microscope (S/TEM) at US$ 12.8 million.

9. Global Microscopy Devices Market: Opportunities • Increasing geriatric population is expected to offer lucrative growth opportunities for players in the global microscopy devices market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. • Moreover, activities to increase the number of eye clinics is also expected to aid in growth of the market. For instance, in March 2019, Covenant Surgical Partners partnered with U.S.-based De La Peña Eye Clinic to expand its eye surgery centers.

10. Statistics: The global microscopy devices market was valued at US$ 6,887.9 Mn in 2019 and is forecast to reach a value of US$ 17,130.4 Mn by 2027 at a CAGR of 12.1% between 2020 and 2027.

11. Figure 2: Global Microscopy Devices Market Value (US$ Mn), 2016 – 2027

12. Market Trends/Key Takeaways • Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in April 2018, Topcon Corporation announced that Topcon Healthcare Solutions, a subsidiary in the U.S., acquired all the outstanding shares of KIDE Clinical Systems Oy, a provider of optical and ophthalmology cloud solutions. • The covid-19 pandemic has led manufacturers to release guidelines regarding disinfecting their products. For instance, in April 2020, NIDEK Co., Ltd. released guidelines stating that parts contacted with the patient and housing for NIDEK products can be wiped up with a cloth dampened with alcohol.

13. Global Microscopy Devices Market: Competitive Landscape • Major players operating in the global microscopy devices market include, Cameca SAS, Hitachi High-Technologies Corporation, Thermo Fisher Scientific, FEI Company, Olympus Corporation, Nikon Corporation, Carl Zeiss AG, Bruker Corporation, Leica Microsystems, NT-MDT Company, Tomey USA, NIDEK Co., Ltd., Topcon Corporation, and Danish Micro Engineering A/S.

14. Global Microscopy Devices Market: Key Developments • Major players in the market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in December 2019, Leica Microsystems collaborated with the European Molecular Biology Laboratory for the development of new imaging technologies.

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