Microscope Software Market worth $1,021 million by 2025


Posted June 9, 2022 by mmvaidya

The size of the microscope software market was estimated through various secondary research approaches and triangulated with inputs from primary research to arrive at the final market size.
 
Major Growth Influencing Factors:

The growth of the global microscope software market is largely driven by the growing availability of funding and support for R&D in the area of microscopy, a broad application base (since microscopes are widely used in a range of fields, such as semiconductor, life science/healthcare, aerospace, and material sciences), technological advancements in microscopes and microscope software, and the emergence of new application area. Furthermore, emerging markets such as China, India, Brazil, and countries in the Middle East are expected to offer significant growth opportunities for market players in the coming years, primarily due to the rising R&D funding for microscopy, increasing application of correlative microscopy in life sciences and nanotechnology research.

Projected Revenue Growth:

The global microscope software market size is projected to reach USD 1,021 million by 2025 from USD 567 million in 2020, at a CAGR of 12.5% between 2020 and 2025.

Data Triangulation:

After arriving at the overall market size from the market size estimation process explained above, the global microscope software market was split into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable.

The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the global microscope software market was validated using both top-down and bottom-up approaches.

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Optical Microscopes to dominate the microscope software market in 2019

Based on the type of microscope, the microscope software market is segmented into optical microscopes, electron microscopes, Raman microscopes, and other microscopes. The optical microscopes segment is expected to dominate the microscope software market during the forecast period. This is attributed to factors such as the wide availability of advanced optical microscopy instruments and techniques. Also, the low cost of optical microscope software is contributing to the growth of this market segment.

The healthcare industry accounted for the largest share of the microscope software market, by application, in 2019

The microscope software available in the market are based on five major applications—semiconductors, healthcare, automotive, aerospace, and other industries. The healthcare industry segment is expected to dominate the microscope software market in 2019. This is attributed to the wide use of microscopes and microscope software in various applications, such as biological research, medicine, cancer research & drug testing, increasing research investments, and government initiatives to encourage research & development in life sciences. This segment further witnessed the highest growth in the microscope software market in 2019.

Asia Pacific (APAC) is the largest regional market for microscope software in 2019

Asia Pacific (comprising Japan, China, India, and the Rest of Asia Pacific) accounted for the largest share of the global market, followed by North America. Factors such as the significant R&D budgets, wide availability of advanced microscopy software offered by market leaders, growing focus on nanotechnology, and the presence of a large number of major research institutes and universities in the region are driving the growth of the microscope software market in the Asia Pacific. Emerging markets such as China, India, Brazil, and countries in the Middle East are expected to offer significant growth opportunities for market players in the coming years, primarily due to the rising R&D funding for microscopy.

Key Players:

Prominent players in the market are Danaher Corporation (US), Carl Zeiss AG (Germany), Oxford Instruments plc (UK), Nikon Corporation (Japan), Olympus Corporation (Japan), Thermo Fisher Scientific (US), Hitachi High-Tech Corporation (Japan), JEOL Ltd. (Japan), Scientific Volume Imaging B.V. (Netherlands), arivis AG (Germany), DRVISION Technologies (US), Media Cybernetics, Inc. (US), Gatan, Inc. (US), Basler AG (Germany), Nanolive SA (Switzerland), Nion Company (US), and Object Research Systems, Inc. (Canada).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags microscope software , microscope software market
Last Updated June 9, 2022