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Market for Microscopes is Set for Significant Growth

Published on October 23, 2008 at 7:07 PM

Technology integration, marking the convergence of information technology and digital imaging, is expected to change standard laboratories into advanced research centers. Current innovations in the microscopy industry are towards development of microscopes with higher precision and resolution. Developments in image restoration, reconstruction, and other related fields will continue to influence the industry in the coming years. Besides, innovations in the electronics, engineering and industrial materials pave the way for the industry to effectively combat conventional barriers. Custom-assembled systems are likely to gain market in coming years. These custom-assembled systems enable end users incorporate existing workflow.

United States, Japan and Asia-Pacific collectively command over 72% of the world microscopes market as stated by the recent report published by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing market for microscopes at a CAGR of 11.2% over the 2011-2015 period. The rapid pace of industrialization in developing countries such as India, China, Thailand, Taiwan and South Korea, is expected to boost global demand for microscopes in the upcoming years. Developing markets are additionally emerging into hot-spots for production activities with manufacturers increasingly relocating production activities from the saturating Western Europe and North America markets to Eastern Europe and Asia Pacific, in an attempt to cut costs.

Rising end-user demand for high-quality, precision imaging is additionally helping drive demand for advanced microscopes, such as, electron microscopes, and SPM (scanning probe microscopes). Worldwide Scanning Probe microscopes market is expected to reach US$500 million by 2012.

World market for microscopes continues to witness increased demand from industrial and biological sectors. Developments in areas involving semiconductors, MEMS (micro electrical mechanical systems), nanotechnology and other material sciences have helped propel the use of microscopes. Nanotechnology, as an end-use application area is projected to grow at the fastest CAGR of 18.81% over the years 2000 through 2010. Demand for microscopes in this end-use market is forecast to reach US$761 million by 2015. In United States, the largest market for microscopes, Charged Particle Microscopes market is estimated to garner more than 60% of the market in 2008.

The world market for microscopes is largely dominated by a few major players, mostly based in developed countries. However, the entry of several Chinese manufacturers has increased competition in terms of price, functionality and services within the industry. Leading players profiled in the report include Carl Zeiss AG, FEI Company, Hitachi High Technologies America Inc, Jeol USA Inc, Leica Microsystems GmbH, Nikon Corporation, Olympus Corporation, Thermo Fisher Scientific Inc and Veeco Instruments Inc, among others.

The report titled "Microscopes: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, growth drivers and market challenges surrounding the industry. The report enumerates recent developments, product launches and developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, Middle East and Latin America. Product segments analyzed include Optical Microscopes, Charged Particle Microscopes and Scanning Probe Microscopes

For more details of this research report, please visit http://www.strategyr.com/Microscopes_Market_Report.asp

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