Microscope Market Size Is Expected To Reach USD 16.2 Billion by 2027

 Microscope Market Growth & Trends

The global microscope market size is expected to reach USD 16.2 billion by 2027, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2027. Growing demand for advanced and high resolution or super resolution medical instruments for conducting R&D exercises in the fields of life sciences and nanotechnology is also expected to have a positive impact on demand over the forecast period.

Emergence of new application areas such as quantum dots and miniature transistor chips will serve this market as future growth opportunities. Quantum dots technology is currently in a nascent stage and is expected to cater to multiple application areas such as in transistors, diode lasers, quantum computing, biological imaging, solid-state lighting, electroluminescent displays and photo-voltaic cells. Optical microscopes dominated the market in 2020, primarily owing to their large application base.

However, due to rising adoption rates of advanced medical instruments, scanning probe microscopes (SPMs) and electron microscopes are expected to gain significant revenue share over the next six years. SPM is expected to be the fastest growing product segment, at an estimated CAGR of 9.3% from 2021 to 2027. Features such as non-dependence on wavelength of the source light, resolving atoms and generating better 3D maps of surfaces are some of the factors expected to increase market penetration for these products.

North America is anticipated to witness significant revenue share over the forecast period. This is attributed to presence of advanced healthcare infrastructure, advanced academic institutes, and research and development centers in the region. In addition, presence of significant number of key market players is also contributing to market growth in the region.

Request a free sample copy or view report summary: Microscope Market Report

Microscope Market Report Highlights

• Asia Pacific dominated the market in terms of revenue share in 2020. Evolving demand for semiconductors and positive outlook on application markets is expected to be a key driver for the market in the region
• The life science segment dominated the market and accounted for the largest revenue share in 2020
• Nanotechnology is expected to be the fastest growing application segment at a CAGR of 11.4% from 2021 to 2027
• The optical microscopes segment dominated the market in 2020 owing to a large application scope

Microscope Market Segmentation

Grand View Research has segmented the global microscope market based on product, application, and region:

Microscope Product Outlook (Revenue, USD Million, 2016 - 2027)

• Optical microscopes
  • Upright
  • Inverted
  • Stereomicroscopes
  • Phase Contrast
  • Fluorescence
  • Confocal Scanning
  • Near Field Scanning
  • Others
• Electron microscopes
  • Transmission
  • Scanning Electron
• Scanning probe microscopes
• Others

Microscope Application Outlook (Revenue, USD Million, 2016 - 2027)

• Material Science
• Nanotechnology
• Life Science
• Semiconductors
• Other Applications

Microscope Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • China
  • Japan
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Microscope Market

• Carl Zeiss Meditec AG
• Bruker Corporation
• CAMECA
• Thermo Fisher Scientific, Inc.
• Nikon Corporation
• Olympus Corporation
• NT-MDT SI
• Hitachi High-Tech Corporation
• JEOL Ltd.
• Oxford Instruments (Asylum Corporation)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.