Vendor Success Driven by New Product Development and Differentiation
The global analytical microscopes market is estimated to grow at a compound annual growth rate (CAGR) of 4.7% from 2019 to 2026.
The objective of this study is to identify the key trends in the market, with the base year 2019. It discusses the factors that drive and restrain the market, along with the product areas that bolster growth until 2026.
Research Highlights
- In-depth analysis with market sizing of product segments
- Optical microscopes: confocal microscopes, stereo microscopes, fluorescence microscopes, inverted microscopes, and near-field microscopes
- Electron microscopes: scanning electron microscopes, transmission electron microscopes
- Scanning probe microscopes: atomic force microscopes, scanning tunneling microscopes
Regional demand patterns in advanced and emerging markets: North America, Europe, the Middle East and Africa, Asia-Pacific, and emerging regions
End-user analysis of the following industries:
- Life sciences
- Material sciences
- Nanotechnology
- Others: manufacturing, automotive, academia, petrochemicals, forensics, and food inspection
The global analytical microscopes market generated $5,025.0 million in 2019, with a base year growth rate of 7.4%. The market is set to grow further, once the impact of COVID 19 eases out.
The study offers a holistic picture of the opportunities, challenges, and threats for vendors across the globe. It provides growth forecasts for the main segments, with an in-depth analysis of the competitive situation, including vendors' market shares.
- The optical microscopes segment contributed to 49.5% of the total microscopes market in 2019. It is expected to remain the leader in terms of revenue generation during the forecast period.
- COVID-19 has had a profound impact on the market in 2020 and will continue to impact growth until 2021; recovery is expected by 2022.
- Investment in R&D, technological growth, and increasing application areas are expected to provide growth opportunities for equipment vendors.
- The cost of sophisticated microscopes will play a major role in market growth after a short-term decline.
- Nanotechnology is a key area of focus for sophisticated microscopes, where there is in an increase in application use.
- From a geographic standpoint, APAC leads with a market share of 43.8%, with focus on digital microscopes.
