Microscope Global Market Report 2024

The microscope market size has grown strongly in recent years. It will grow from $12.8 billion in 2023 to $13.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. </b. The growth observed in the historical period can be attributed to several factors, including the rising demand for high-resolution and advanced microscopes. The expansion of the electronics industry has played a significant role, along with increased adoption in semiconductor manufacturing processes. Furthermore, there has been a notable increase in the demand for microscopic imaging in healthcare applications. The emergence of digital microscopy has also contributed to the overall growth in this sector. These combined factors have fueled advancements and heightened adoption of microscopes across various industries and applications.

The microscope market size is expected to see strong growth in the next few years. It will grow to $19.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to several key factors, including the miniaturization and enhanced portability of microscopes, a heightened focus on digital imaging and connectivity features, the growing applications of nanotechnology, increased utilization in drug discovery processes, and the expanding role of microscopes in cloud-based data management systems. Notable trends expected in the forecast period encompass advancements in optical technology, the integration of artificial intelligence into microscopy, an increased emphasis on sustainable and green technologies, and the formation of strategic partnerships between microscope manufacturers and research institutions. These trends collectively contribute to the evolving landscape of the microscope industry.

The anticipated growth in the microscope market is expected to be propelled by an increase in research and development (R&D) investment. R&D involves scientific and technological investigations aimed at developing practical applications for various fields. Microscopes play a pivotal role in multiple aspects of R&D, enabling scientists and researchers to visualize and study microscopic structures, analyze samples, and derive meaningful observations. In January 2023, according to the National Center for Science and Engineering Statistics, U.S. research and development investment increased significantly, reaching $717 billion and $792 billion in 2021. Additionally, the Central Statistical Office of Poland reported a 25.9% increase in intramural nanotechnology research and development spending in 2021, totaling $90.34 million (PLN 373.4 million). These investments underscore the role of microscopes in advancing research, contributing to the growth of the microscope market.

The growth of the microscope market is further anticipated to be boosted by the expanding pharmaceutical industry. The pharmaceutical industry encompasses the research, development, production, and marketing of pharmaceutical drugs, and it increasingly relies on various microscopy techniques for research and development. In December 2022, a report by Statistics Canada highlighted a 3.9% increase in sales within the pharmaceuticals and pharmacy supplies industry, reaching $6.4 billion, the highest level since January 2022. This growth contributed to the overall positive trend in the personal and household goods subsector, with a 2.8% increase in sales in October 2022. The growing pharmaceutical industry's reliance on microscopy techniques is expected to drive the demand for microscopes, thus fostering the growth of the microscope market.

Technological advancement stands out as a key trend gaining prominence in the microscope market, with major companies actively engaged in developing cutting-edge products to maintain their market positions. An example of this trend is evident in the efforts of Carl Zeiss AG, a Germany-based optical systems and optoelectronics manufacturer. In January 2021, Carl Zeiss AG launched a groundbreaking digital microscope named Visioner 1, featuring an extended depth of field in real-time. This innovative product employs Micro-Mirror Array Lens System (MALSTM) technology to produce images with a depth of field up to 100 times greater than traditional microscopes. The Visioner 1 enables users to view entire objects in sharp focus without the need for manual focusing or Z-stacking techniques. Its versatility makes it suitable for applications such as quality control, failure analysis, research, education, and training, boasting features such as high resolution, a wide field of view, and easy usability.

Major companies in the microscope market are also focusing on the development of innovative products, such as digital imaging microscopes, to cater to broader customer bases, increase sales, and boost revenue. A digital imaging microscope is an advanced optical instrument equipped with imaging technology that enables the capture, processing, and storage of high-resolution visual data in electronic formats. In April 2023, Nikon Corporation, a Japan-based imaging and optics product provider, introduced the ECLIPSE Ui microscope designed for medical use. The ECLIPSE Ui stands out with its eyepiece-less design, a departure from traditional microscopes, enhancing the pathologist's observation posture and facilitating the sharing of observation images on a display. This unique approach contributes to workflow improvement by reducing physical strain and optimizing the pathological observation process. The microscope supports seamless data sharing among doctors in different locations, making it a valuable tool for efficient observation in the medical field.

In June 2021, CELLINK, a leading biotechnology company based in Sweden, successfully acquired Discover Echo Inc. in a transaction valued at $110 million. The strategic intent behind this acquisition is multifaceted, as CELLINK aims to achieve several key objectives. Firstly, the acquisition is intended to facilitate the expansion of CELLINK's bio-convergence offering, allowing the company to diversify and enhance its portfolio of biotechnological solutions. Secondly, the acquisition provides CELLINK with valuable access to Discover Echo's innovative technology, enabling the integration of advanced capabilities into its product offerings. Lastly, the acquisition is expected to contribute to strengthening CELLINK's market presence in the United States. Discover Echo Inc., based in the U.S., specializes in the development of automated microscopes designed for applications in biological research and pathology. This strategic move by CELLINK reflects its commitment to growth, technological advancement, and market leadership in the biotechnology sector.

Major companies operating in the microscope market report are Thermo Fisher Scientific Inc., Carl Zeiss AG, Olympus Corporation, Keyence Corporation, Hitachi High-Tech Corporation, Nikon Corporation, Bruker Corporation, Horiba Ltd., JEOL Ltd., Brunel Microscopes Ltd., Leica Microsystems Inc., Motic Inc., Oxford Instruments Plc., FEI Company, Omax Corporation, Seiwa Optical America Inc., Celestron LLC., CAMECA, Tescan Orsay Holding AS., Bresser GmbH, Optika Microscopes Inc., Sutter Instrument Company, NT-MDT SI LLC, ACCU-SCOPE Inc., Angstrom Advanced Inc., Euromex Microscopen BV, Swift Optical Instruments Inc., Meiji Techno, National Optical and Scientific Instruments Inc., Labomed Inc.

Asia-Pacific was the largest region in the microscope market in 2023. The regions covered in the microscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the microscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of microscopes include optical, electron, scanning probe, and others. Optical microscopes utilize visible light and a system of lenses to produce magnified images of small objects. This category encompasses various components such as microscopes, accessories, and software. Optical microscopes are employed in diverse applications, including material science, nanotechnology, life science, semiconductors, and others. They are utilized across industries, academic and research institutes, and various other sectors.

The microscope market research report is one of a series of new reports that provides microscope market statistics, including microscope industry global market size, regional shares, competitors with a microscope market share, detailed microscope market segments, market trends and opportunities, and any further data you may need to thrive in the microscope industry. This microscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The microscope market consists of sales of compound microscopes, stereo microscopes, objective lenses, diaphragms, portable microscopes, digital microscopes, industrial microscopes, and inverted microscopes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.