Technological advancements to enhance the quality of microscopes have become common over the past years. Rising demand for microscopy devices by researchers and academic institutes have encouraged manufacturers to develop new products with novel technologies to investigate different kinds of substances, cells, and materials at nanometer size. Thus, these microscopy devices are highly significant in nanotechnology, biotechnology, semiconductor, material science, and life science industries. Out of these, life science microscopy devices have high demand, as these instruments aid in the investigation or study of cellular interactions at biological levels and various other functions. The Global Life Science Microscopy Devices Market was valued at US$ 1,350.6 million in 2017 and is expected to witness a CAGR of 6.8% over the forecast period (2017–2025).

Market Dynamics

The global life science microscopy devices market is projected to witness significant growth over the forecast period, owing to the increasing utilization of microscopes for research purpose in life science. For instance, in February 2015, the National Institute of Standards and Technology (NIST) researchers demonstrated the autonomous computer-controlled assembly of atoms in perfect nanostructures using a low temperature scanning tunneling microscope. Furthermore, some of the devices such as stereo microscopes are specifically used in production processes for soldering on a miniature scale and dissecting specimens in biology. Thus, adoption of these devices by pharmaceutical and biotechnology manufacturers for the production of new drugs and therapies is expected to drive growth of the market. Moreover, increasing research and development expenditure by government bodies fosters growth of the life science microscopy devices market.

Detailed Segmentation:

Global Life Science Microscopy Devices Market, By Product Type:

Optical Microscopes

Stereo Microscopes

Phase Contrast Microscopes

Fluorescence Microscopes

Confocal Scanning Microscopes

Others

Electron Microscopes

Transmission Electron Microscope

Scanning Electron Microscope

Scanning Probe Microscopes

Atomic Force Microscope

Scanning Tunneling Microscope

Global Life Science Microscopy Devices Market, By End User:

Research Laboratories and Institutes

Forensic and Diagnostic Laboratories

Biotechnology and Pharmaceutical Companies

Rising development of technologically advanced products is expected to drive growth of the life science microscopy devices market

The market is expected to gain significant growth, owing to the rapid development activities for the launch of technologically advanced and cost-effective quality products such as robotic visualization systems for ease of use in surgeries. For instance, on November 9, 2017, Olympus Corporation planned to launch two types of Upright FV3000 confocal laser scanning microscope by January 2018 to observe phenomena such as super-fast signal propagation in the nervous system.

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Key players operating in the global life science microscopy devices market include Olympus Corporation, Thermo fisher Scientific, Inc., Nikon Corporation, Carl Zeiss AG, Keyence Corporation, JEOL Ltd., Bruker, Hitachi High-Technologies Corporation, Leica Microsystems, and F. Hoffman-La Roche Ltd.

Increasing nanotechnology research is also driving growth of the life science microscopy devices market

The field of nanotechnology witnessed significant progress in the past few decades and has impacted dentistry, health care, and human life more profoundly than many other developments in the past. Moreover, it can be used in drug delivery, biosensors, and other biomedical applications. Thus, increasing nanotechnology research and development activities and demand for appropriate tools to characterize the functional properties of nanomaterials are expected to drive growth of life science microscopy devices market over the forecast period. For instance, in 2013, the U.S. Federal Government proposed a budget of US$ 1.8 billion for 15 agencies for nanotechnology research and development.

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