Owing to the presence of a limited key players, the global optical microscopes market is likely to be extremely competitive.
Owing to the presence of a limited key players, the global optical microscopes market is likely to be extremely competitive. The players are competing on the basis of cost, quality, and features of the microscopes for example, associated software, magnification power, product performance, and price of the product. There has been an uptake in the investment in research and development in several sectors for example, healthcare, pharmaceuticals, and electronics. This lead the competition to intensify in forthcoming years. Some of the key players in the global optical microscopes market are Leica Microsystems, Carl Zeiss, Nikon Instruments, Meiji Techno, and Olympus. Besides, there are some more important organizations such as ACCU-SCOPE, 3B Scientific, Ample Scientific, Aven, AmScope, BARSKA, Bruker, BestScope, Bulbtronics, Cole-Parmer, Thermo Fisher Scientific, Celestron, Euromex, Ken-A-Vision, Huvitz, Parco Scientific, Motic, Swift Opticals, Magnus Analytics, and Thomas Scientific.
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According to Transparency market Research (TMR), the global optical microscopes market is anticipated to expand at a steady CAGR of 6% within the forecast period from 2016 to 2025. In 2015, the market was valued around worth of US$1.5 bn. This figure is expected to grow in coming years. Based on end-use industry the optical microscopes market is segmented into diagnostics labs, pharmaceuticals and biotechnology firms, clinics and hospitals, academic and research institutes, and so on. Among these, pharmaceuticals and biotechnology firms segment is prognosticated to lead the market with highest number of share in the market, in 2016. Regionally, the global market is dominated by Asia Pacific and North America regions, owing to the presence of most of the biotechnology and pharmaceutical firms established in these regions.
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Advancement in Nanotechnology to Fuel Optical Microscopes Market
Some of the factors, for example, rise in investment in research and development, progress in nanotechnology, improvement in the field of optical microscopy, and advancement in software technology are anticipated to drive demand in optical microscopes within the upcoming years. Blood cells discovery in human body provides good scope for studies in cell biology. Additionally, discovery of genes responsible of body development is expected to surge the market in forecast period. These improvements are expected to impel interest for optical microscopes. Confinements of optical microscopy in the field of research when contrasted with small scale vendors and electron microscopes offering cost-effective products are the primary limitations for the optical microscopes market.
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Rising Educational Institutes to Augment Demand for Low-Cost Optical Microscopes
With training organizations multiplying, the market for optical microscopes has an uplifting outlook in the past few years. A few worldwide activities carried out by the United Nations, for example, Global Education First Initiative prevailing in not just allotting funds for basic and secondary education in several nations, but also initiated techniques to enhance the nature of training being provided. As a result of this, there has been a growth in number of educational centers in the previous couple of years. The rise in number of education centers all over the world is supporting the uptake in the demand for low-cost optical microscopes market.
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