Multiphoton Microscopy Sales Set to Grow at 5% by 2030-end: Fact.MR
Growing mortality rate as a result of surging cancer cases is prompting manufacturers to develop advanced devices for early screening and detection
Fact.MR, Rockville MD: Award winning market research company Fact.MR is conducting a study on the global multiphoton microscopy market for the forecast period 2020-2030. As per its findings, the market is expected to exhibit a steady growth with the rising cases of cancer resulting in demand for early diagnosis and treatment.
According to the World Health Organization (WHO), an estimated 1,806, 590 cancer cases were recorded in 2020 in United States alone. This number is anticipated to increase more by 2030-end which will create significant demand for multiphoton microscopy across the globe. With the rising cases, demand for innovative technology among healthcare professional is bolstering the growth. Advanced imaging system and diagnostic devices are gaining immense popularity among the end-users.
“Key players in the multiphoton microscopy are developing advanced devices, improving their high-speed imaging during cellular process, owing to which, two-photon multiphoton microscopy is gaining traction,” says the Fact.MR analyst.
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Key Takeaways
- U.S. to remain one of the largest market to reach a valuation of US$ 203 billion by 2023-end
- Rising prevalence of cancer in the region to accelerate growth prospects across the UK
- Two photon microscopy to witness a significant rise in revenue share through 2030
- By application, deep tissue imaging is expected to remain dominant
- Hospitals and clinics to emerge as highly sought after multiphoton microscopy end-users
Prominent Drivers
- Favorable funding scenarios for research & development in multiphoton microscopy is likely to increase the demand
- Rising focus on nanotechnology and regenerative medicine to boost the multiphoton microscopy growth
- Integration of microscopy with spectroscopy to create growth opportunities for key players
Key Restraints
- High cost of advanced multiphoton microscopy is likely to hinder the growth
- Lack of skilled healthcare professional and slight errors with the report to pose a challenge for multiphoton microscopy market
Discover more about the multiphoton microscopy market with 162 figures, 40 data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/3405/multiphoton-microscopy-market
Competitive Landscape
Some of the prominent players identified in global multiphoton microscopy by Fact.MR includes Olympus Corporation, Bruker, Leica Microsystems, Nikon, ZEISS, Thorlabs Inc., Lavision Biotech, Semrock, Becker & Hickl GmbH, and Sceintifica. Leading manufacturers are focusing various merger & acquisitions and launching new products to cater the demand from hospitals and clinics.
For instance, in July 2020 Inscopix announced the merger with Bruker for advanced analysis of brain circuits by combining miniature microscopes with multiphoton microscopy. The platform and the merger will empower brain researchers to catalyze a more precise understanding of the brain by integrating two-photon imaging of neuronal activity using Inscopix's microscope-based nVistaTM and nVokeTM systems, with high-resolution and multi-color imaging of diverse cell-types and pathologies in the brain via Bruker’s Ultima multiphoton microscopes
More Insights on the Multiphoton microscopy Market
Fact.MR sheds an in-depth analysis on global multiphoton microscopy market. The report offers a detailed segmentation on multiphoton microscopy market on the basis of product (two-photon microscopy, and three photon microscopy), application (skin imaging, neuroscience, oncology, immunology, embryology, deep tissue imaging, functional and molecular imaging, intravital imaging, cell culture, virology, and others), and end-user (hospitals & clinics, clinical & diagnostic laboratories and academic & research institutes) across seven regions.
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Source: Fact.MR