The optical microscope market is witnessing a healthy growth thanks to the development of newer production technologies, which have simplified the manufacturing and assembling processes.
The optical microscope market is witnessing a healthy growth thanks to the development of newer production technologies, which have simplified the manufacturing and assembling processes. The growing number of educational institutes demanding experimental instruments that includes optical microscope is boosting the growth of the market, states TMR Research in its latest report. The report is titled, “Optical Microscope Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The use of these microscopes in various research areas such as nanophysics, pharmaceutical research, microbiology, biotechnology, and microelectronics is propelling their demand.
The market for optical microscopes also faces a few challenges, which market players need to work on. For instance, the degree of magnification is limited and this allows restricted view of cells. In addition to this, optical microscopes are unable to produce an image in cases where the object’s wavelength is smaller than that of light. Manufacturers thus need to enhance the resolution and clarity so as to deliver a more precise image. In terms of opportunity, the growing traction towards nanotechnology in the field of semiconductors, life science, and material science will fuel the use of optical microscopes. The evolution of digital microscopes will also drive the growth prospects of this market. Advancements in technology leading to motorized optoelectronics will also help open new doors of opportunity.
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On the basis of type, the market is segmented into inverted microscope, metallurgical microscope, research microscope, digital microscope, and measuring microscope. By application, the market is segmented into material sciences, nanotechnology, life sciences, and semiconductors. By end user, the market is segmented into industries and academic institutions. Academic institutions segment is anticipated to continue to lead in terms of application on account of increased funding received from government for research in the field of neuroscience, nanotechnology, and optogentics.
By geography, North America is leading in the global optical microscopes market on account of heavy investments in R&D. The countries in South America such as Peru, Chile, Mexico, and Brazil are also witnessing high demand on account of increasing manufacturing facilities and colleges, institutes, labs, among others. The developing nations in the Middle East and Asia Pacific region are also anticipated to provide growth opportunities for the optical microscope market in the years to come.
Players within the global optical microscopes market are focusing on quality and specifications of microscopes. The competition is intense and each player is trying to beat one another in terms of features, pricing, and product performance. The competition will intensify on account of the increasing investments in research and development in the healthcare, electronics, and pharmaceutical sectors. Some of the key players in the optical microscope market mentioned in the report are: Danish Micro Engineering, Leica Microsystems, Olympus Corporation, FEI Company, Nikon Corporation, Hitachi High Technologies Ltd, JEOL Ltd., KLA Tencor, Bruker Corporation, Carl Zeiss AG, and Agilent technologies Inc.
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