Industry Insights
Rising focus on nanotechnology and growing government & private
sector funding are the factors propelling the growth of microscopes
market. Increasing demand of research and development activities
particularly in area of life science and semiconductors is anticipate to
drive the market for microscopes. Continuous innovation in technology
has increased the usage rate of super resolution microscopes in daily
practices by making it more convinced and effective.
Introduction of high resolution microscopes has raised the
capabilities to study most critical parts of human body such as brain
and neurology, which is anticipated to trigger the market growth of
microscope. Furthermore, introduction of cost effective and super fine
resolution microscopes like direct stochastic optical reconstruction
optical microscopy (dSTORM) are anticipated to push microscope market
over the forecast period.
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Developing economies possess significant demand for this market
owing to favorable policies of government and availability of cheap
labors. These factors are continuously increasing the demand for
nanotechnology, life science and semi-conductors. Introduction of new
application area such as quantum dots and optogenetics, and introduction
of customized microscope are boosting the market growth of microscopes.
Application Insights
The global microscope market is segment on the basis of its
application and products. By application, entire microscope market is
segmented into life science and semiconductors. Life science dominated
the market in 2013 owing to the increasing use of microscopes in
research and development, inspection & manufacturing, and continuous
innovation in consumer electronics segment. Presence of NNI (National
Nanotechnology Initiative) fosters the transfer of new technologies and
world class nanotechnology research and development program which are
some major propelling factor of this market. Rising demand in the
medical device market and miniaturizing in the semiconductor market is
likely to trigger the growth of microscopes market.
Product Insights
On the basis of product, the market is segmented into optical
microscope, electron microscope, scanning probe microscope and confocal
microscope. Optical microscope accounted for the largest share in 2013
in terms of revenue owing to increasing presence of wide application and
high adoption rates in the field of semiconductors and life science.
Microscopes market is further categorized into phase contrast, inverted,
confocal scanning, stereomicroscope, fluorescence and near field
scanning microscopes.
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In 2013, inverted microscope is expected to hold the highest market
share due to continuously increasing rate of users, simpler features and
wide range applications like micromanipulation and metallurgy.
Furthermore, this market is anticipated to show significant growth over
the forecast period owing to the rapid increase in the acceptance rate.
Regional Insights
According to region, the global microscopes market is divided into
North America, Europe, Asia Pacific and RoW. Asia Pacific region was the
largest market in terms of revenue for microscopes market in 2013. In
accordance to an observatorynano public funding 2012, U.S. got surpassed
by China in terms of funding in nanotechnology market in 2011. Rate of
funding in nanotechnology market in China was highest in entire world.
Furthermore, increasing industrialization, presence of exclusive
nanotechnology in research and development in emerging nations is likely
to have significant growth opportunity in future. Rising usage rate
between noncommercial organizations such as research laboratories and
hospitals is likely to boost the growth of microscopes market in next
few years.
Competitive Insights
Olympus Corporation, Leica Microsystems, Nikon Corporation and Carl
Zeiss are the major players of microscopes market. Firms are facing very
less competition among themselves owing to presence of few competitors
in the market. It is oligopolistic in nature. Huge investment in
research and development complemented with few players into the market
are likely to create barrier for entry of new firms into this market.
Furthermore, owing to its oligopolistic nature the firms are heavily
interdependent on each other in relation with their product pricing.
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