San Jose, California (PRWEB) April 24, 2014 -- Follow us on LinkedIn – Microscopes are one of the most widely used analytical instruments in materials characterization. Increasing demand for high-resolution, sophisticated and precise imagery across a wide range of both existing as well as new end-use segments is driving growth in the global microscopes market. Significant increase in government and corporate funding in life sciences, material sciences and nano science research in developed and developing countries alike is also benefitting market growth. Technological advances and design innovations aimed at enhancing ease of use, and quality of imaging for a quicker and a better analysis of objects are also expected to contribute to market growth. As new microscopy technologies continuously replace older ones with limitations, the industry continues to evolve in line with changing end-user requirements. Currently, growth in the global microscopy devices market is largely attributed to the growing prominence of nanotechnology research. Advanced microscopes like electron microscope and scanning probe microscopes are expected to exhibit significant growth potential as nanotechnology and other precision manufacturing industries such as medical device and semiconductor manufacturing increase their adoption.
With enhanced resolution and efficiency, advanced microscopes, including Electron Microscopes and Scanning Probe Microscopes are gradually taking over market share from the traditional Optical Microscopes. Electron and scanning probe microscopes are witnessing increasing demand as nanotechnology fast penetrates various fields including electronics, environment, and medicine. Emerging end uses such as genome research and new opportunities in biosciences are further fuelling demand growth. Growing demand for effective failure analysis constitutes the major growth driver for electron microscopes.
Semiconductor manufacturing and nanotechnology industries exhibit the highest potential for future growth of microscopes. The continuously decreasing size of electronic circuits and components in electrical devices is necessitating the use of advanced microscopes for their inspection while in the nanotechnology industry electron microscopes are being largely used for studying nanostructure details. Usage of microscopes in the healthcare field is showcasing immense potential for future growth amidst strong emphasis on quality of healthcare services. Microscopes are indispensable in pathology, a field which is witnessing growing number of tests as well as increasing test complexity.
Microscopes market at the global level is characterized by intense levels of competition where manufacturers constantly redefine strategies and strive to differentiate by developing products that are technologically advanced. In addition to the pressure of responding to continuous market demand for complex and hybrid instruments, manufacturers face the challenge of commercializing their products faster. Bringing to market a new product usually takes five to ten years time but the market sectors that the products are meant for are maturing faster thereby placing added pressure on developers for quicker commercialization of products.
As stated by the new market research report on Microscopes, Asia-Pacific represents the largest market worldwide, closely followed by the United States. Asia-Pacific is also forecast to emerge as the fastest growing market with a CAGR of 9.6% over the analysis period. Increasing focus on research and a strong semiconductor manufacturing base represent key growth drivers in the region.
Key players covered in the report include Agilent Technologies Inc., Bruker Corporation, Carl Zeiss AG, FEI Company, Hitachi High Technologies America Inc., Jeol USA Inc., JPK Instruments AG, Leica Microsystems GmbH, Nikon Corporation, NT-MDT Europe BV, Olympus Corporation, Optiscan Pty. Ltd., Thermo Fisher Scientific Inc. and WITec GmbH.
The research report titled “Microscopes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers and major technological developments. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Optical Microscopes, Charged Particle Microscopes and Scanning Probe Microscopes. End-use applications analyzed include Semiconductor Manufacturing, Life Sciences, Materials, Nanotechnology and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Microscopes_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]