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The global optical microscopes market is used widely in various fields including medicine, biology, material science, and semiconductors among others. Optical microscopes allow observation of minute samples through the use of visible light and a set of lenses to yield magnified images of small objects. Most modern optical microscopes are equipped with digital cameras enabling the capture of digital images and videos which can then be further analyzed on computers. Common types of optical microscopes include stereo microscopes, inverted microscopes, metallographic microscopes, and comparison microscopes.
The global optical microscopes market is estimated to be valued at US$ 1,444.7 Mn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Optical microscopes are extensively used across academia and research institutes for advanced studies in fields like biology and medicine. They enable observation of cell structure, bacteria, parasites and other microscopic organisms. Compound microscopes are commonly found in biology, microbiology and pathology labs for examining blood cells, tissues samples and more. Material scientists rely on optical microscopes equipped with image analysis software to study surface features, defects and microstructures in metals, ceramics and other materials. Semiconductor companies deploy metallographic microscopes to analyze integrity issues in integrated circuits and microchips. Rising focus on R&D activities across various industries has propelled the need for advanced microscopy tools, thereby driving the optical microscopes market.
Market Dynamics:
The rising adoption of optical microscopes in academia and research is expected to flourish the global optical microscopes market over the forecast period. With increasing government funding towards scientific research globally, demand for advanced microscopy tools from academic research institutes and laboratories is surging. Optical microscopes allow observations that are not possible with conventional microscope systems. Their features such as high resolution, greater magnification, advanced image analytics and digital documentation of samples is fueling their popularity in research. Further, continuous technological advancements including development of digital microscopy cameras, motorized focus controls, LED illumination and image stitching software are enhancing the capabilities of optical microscopes. This is simultaneously attracting a wider customer base and boosting the optical microscopes market.
Segment Analysis
The optical microscopes market can be segmented based on product into stereo microscope, digital microscopes, and other products. The digital microscopes segment is dominating the market and is expected to continue dominating during the forecast period. Advantages such as high resolution imaging, image capturing ability, and image analysis features are driving the demand for digital microscopes.
PEST Analysis
Political: No major political factors are affecting the optical microscopes market.
Economic: High spending on R&D activities in healthcare and life sciences is driving demand. Growing biotechnology and pharmaceutical industries also favor market growth.
Social: Rising awareness about early disease diagnosis is positively impacting the market. Demand is also increasing from academic institutions and research organizations.
Technological: Advancements like super resolution microscopy, light sheet microscopy, and confocal microscopes are enhancing capabilities. Integration of artificial intelligence and data analytics is another technological development.
Key Takeaways
The global optical microscopes market is expected to witness high growth.
North America is currently dominating the market due to strong governmental funding for research activities. The Asia Pacific region is anticipated to record the fastest growth during the forecast period due to increasing healthcare expenditure and expanding life sciences industries in China, India, and other emerging countries.
Key players operating in the optical microscopes market are Abbott, Synergy Pharma, Mallinckrodt, Bausch Health Companies Inc., Ardelyx, Astellas Pharma Inc., Novartis AG, GSK plc., Ironwood Pharmaceuticals, Inc., and Takeda Pharmaceutical Company Limited. Key players are focusing on new product launches and business expansion strategies to gain a competitive edge. For instance, in 2022, Nikon launched new upright stereo microscope model SZX7 with high image quality and bright illumination for various applications.
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- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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