(EMAILWIRE.COM, September 27, 2018 ) In 2017, in terms of value, North America is expected to account for the largest share of the global microscopy market, followed by Europe, Asia Pacific, and RoW. In terms of growth rate, Asia Pacific region is expected to register the highest growth rate from 2017 to 2022. Rising R&D funding for the development of microscopes, increasing nanotechnology research, low material costs, and growing expertise and academic excellence in emerging APAC countries such as China and India are the major factors driving the growth of this market.
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Factors such as high cost of advanced microscopes and implementation of excise tax and heavy customs duty are restraining the growth of the market and dearth of skilled professionals with expertise in operating advanced microscopes is expected to be the challenge for the market.

The key players in the microscopy market include Carl Zeiss (Germany), Danaher (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan).

The global microscopy market is projected to reach USD 7.39 Billion by 2022 from USD 5.60 Billion in 2017, at a CAGR of 5.7%. The market growth can be attributed to the favorable government and corporate funding for R&D in microscopy, technological advancements in microscopes, rising focus on nanotechnology and regenerative medicine, and favorable regulatory scenario.

Factors such as growth opportunities in emerging markets, increasing application areas of microscopy, and integration of microscopy with spectroscopy offer lucrative opportunities for players in the global market for microscopy.

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In this report, the global microscopy market is segmented on the basis of product, type, application, end user, and region. Based on product, the market for microscopy is segmented into microscopes and accessories & software. In 2017, microscopes segment is expected to account for the largest share of the global microscopy market, in terms of value. Whereas, the accessories & software segment is expected to register the highest growth rate due to the development of novel image acquisition software for microscopes.

Based on type, the market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, and other microscopes. The other microscopes include X-ray, Raman, and scanning acoustic microscopes. The electron microscopes segment is expected to register the highest CAGR. Factors such as growing R&D activities and easy availability of funds are expected to drive the growth of the electron microscopy market.

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