Microscopy Market worth $8.2 billion by 2024

The microscopy market is projected to reach USD 8.2 billion in 2024 from USD 6.3 billion in 2019, at CAGR of 5.5% during the forecast period. Market growth is driven largely by factors such as favorable funding scenario for R&D in microscopy, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine. However, the high cost of the advanced microscopes is expected to restrain the growth of this market during the forecast period.

Microscopes segment to account for the largest share of the ****** microscopy market in 2019

Based on the product, the microscopy market is segmented into microscopes, software, and accessories. Microscopes are expected to account for the largest share of the microscopy market in 2019, owing to the factors such as availability of technologically advanced microscopes, favorable funding scenario for R&D in microscopy, and favorable regulatory procedures to launch new instruments in the market.

Optical microscope segment to account for the largest share of the ****** microscopy market in 2019

Based on type, the microscopy market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, and other microscopes. In 2019, the optical microscopes segment is expected to account for the largest share of the ****** microscopy market by type. This is attributed primarily to the increasing applications of digital and confocal microscopes in material science and semiconductor and life science industries, and the increased focus on developing advanced digital microscopes.

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Semiconductors projected to account for the largest application segment of the market in 2019

Based on application, the microscopy market is segmented into semiconductors, life sciences, material sciences, and other applications (automotive, aerospace, electronics, and environmental and water treatment applications). The semiconductor segment is expected to dominate the market in 2019. In the semiconductor industry, the manufacturing of miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is growing with a significant rate, which in turn driving the microscopes demand for semiconductor research and manufacturing applications.

North America is projected to account for the largest share of the market in 2019

In 2019, North America is expected to account for the largest share of the ****** microscopy market, followed by Europe. The largest share of the North American market is attributed to the significant R&D budgets, abundant availability of advanced microscopy systems offered by market leaders, high and growing focus on nanotechnology, and the presence of a large number of major research institutes and universities in the region are driving the growth of the microscopy market in North America

The major companies in the ****** microscopy market include Carl Zeiss (Germany), Danaher (US), Thermo Fisher Scientific (US), Nikon (Japan), Olympus (Japan), Hitachi High-Technologies (Japan), JEOL (Japan), and Bruker (US).

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