Growth of Microscopy Market is propelled by the rising worldwide focus on nanotechnology and favorable government and corporate funding. The market is further driven by technological advancements like high-throughput techniques, super resolution, and digitization of microscopes.
Dallas, TX -- (SBWIRE) -- 02/09/2015 -- The microscopy market is expected to grow at a single–digit CAGR of 7.2% to reach $5,756.0 million by 2019 from $4,065.8 million in 2014. Major factors fueling market growth are the rising global focus on nanotechnology, favorable government and corporate funding, and technological advancements such as super-resolution microscopy, high-throughput techniques, and digitization of microscopes. However, the high cost of advanced microscopes; implementation of excise tax by the U.S. government; and heavy custom duty on medical devices are restricting the growth of the market.
This market is broadly segmented into optical microscopes, confocal microscopes, electron microscopes, and scanning probe microscopes. The optical microscopy segment is further divided into fluorescence microscopy (FM) and super-resolution microscopy. The fluorescence microscopy is further subsegmented into total internal reflection fluorescence microscopy (TIRF), fluorescence resonance energy transfer (FRET), fluorescence recovery after photo-bleaching (FRAP), and fluorescence lifetime imaging microscopy (FLIM). The super-resolution microscopy is subdivided into stochastic optical reconstruction microscopy (STORM), structured illumination microscopy (SIM), stimulated emission depletion microscopy (STED), coherent anti-strokes Raman scattering microscopy (CARS), photo-activated localization microscopy (PALM), and reversible saturable optical fluorescence transitions (RESOLFT).
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Confocal microscopy is segmented into multi-photon microscopy and confocal disk spinning microscopy. The electron microscopy segment is categorized into transmission electron microscopy (TEM) and scanning electron microscopy (SEM). The scanning probe microscopy segment is divided into scanning tunneling microscopy (STM), atomic force microscopy (AFM), and near-field scanning optical microscopy (NSOM).
The microscopy market, by application, is segmented into semiconductors, life sciences, nanotechnology, and material science. Nanotechnology is the fastest-growing segment of the market. The high growth rate of this market can be attributed to the growing global focus on nanotechnology, favorable government and corporate funding, and technological advancements.
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The market, by end user, is categorized into academic institutes, industries, and others (government research institutes and private laboratories). Academic institutes are the major end users of the market.
Geographically, the market is dominated by North America, followed by Europe. Asia-Pacific is expected to grow at a double digit CAGR during the forecast period.
Key players operating in the microscopy market are Carl Zeiss (Germany), Leica Microsystems (Danaher Corp.) (U.K.), Nikon Corporation (Japan), FEI Co. (U.S.) and Olympus Corporation (Japan).
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