The microscopes market is predicted to attain about USD 9.5 billion by 2020. It had a value of USD 5.6 billion in 2013. Public & private funding (on research & developments) to commercialize nanotechnology products serves as a key market driver. Other demand propellers are the R&D demand in life sciences & semiconductors for Asia Pacific and Latin America.
Manufacture of microscopes pertaining to these industries should spur the market over the forecast period (2014 – 2020). Super resolution microscopes can provide future market prospects. High resolution of these microscopes has opened new avenues in neurology & cell biology. These devices capture accurate images of biological specimens and are considered good replacements for electron microscopes.
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Optical and electron microscopes are products in the microscopes market. The former segment is sub-divided into inverted, stereo, phase contrast, fluorescence, confocal scanning, and near field scanning. It was the largest product in 2013 due to its applications in different fields. Optical products also had 40% shares that year. Inverted microscopes were its largest sub-segment. This was credited to their use in micromanipulation and metallurgy.
‘High resolution’ quality of electron microscopes may make them lucrative in the six years ahead. Life sciences, material sciences, nanotechnology, and semiconductors constitute the market applications. Nanotechnology is the fastest growing segment owing to its use as a drug discovery & manufacturing tool.
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Demand for miniature devices across semiconductors & medical devices is expected to boost the demand for microscopes market in the future. Life sciences led the market in 2013, with around 30% shares. Expanding consumer electronics industry and microscopes usage for research & developments further this application.
Asia Pacific dominated the market in 2013 and should continue the same till 2020. Its growth in semiconductors and nanotechnology contributes to regional shares. Usage of microscopes in universities & research laboratories could boost demand for the global market during 2014 to 2020. The market is autocratic and has four major players.
These include Carl Zeiss, Olympus Corporation, Leica Microsystems, and Nikon Corporation. The microscopes market is unkind to new entrants (due to requirement for huge capital and R&D investments) for maintaining stability.
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