The global life science microscopes market size was worth around USD 1800 million in 2022 and is predicted to grow to around USD 2800 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.0% between 2023 and 2030.
A microscope is a device used to examine tiny objects more closely. Certain microscopes can be used to examine an object even at the cellular level, allowing scientists to see the shape of a cell along with its nucleus, mitochondria, and other organelles. While there are many parts to a modern microscope, the lenses are the most important. The optics of the microscope allow for the magnification and close inspection of an object’s image.
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???? A simple light microscope uses a convex lens, which is curved outward on both sides, to change the way light enters the observer’s eye. Reflected light from the specimen under examination is refracted by the microscope’s lens and directed in the direction of the observer’s eye. Lifescience microscopes are high-magnification optical instruments designed specifically for the study of living organisms. They are crucial to the study of biology because they facilitate the visualization and analysis of cellular structures, tissues, and organs.
???? Major Takeaways
• Our research analyst has revealed that the worldwide market for life science microscopes is expected to expand at a CAGR of roughly 6.0% between 2023 and 2030.
• The global market for life science microscopes was worth approximately $1,800,000,000 in 2022, and it is expected to reach $2,800,000,000 by 2030.
• Growth in the global market for life science microscopes can be attributed to rising healthcare spending and technological innovation.
➤ Demand rises as more life scientists start using electron microscopes
Research and development (R&D) in the laboratory is more prevalent in the healthcare and life sciences sectors. These calls for higher quality magnification and shorter turnaround times. It is essential to utilize an electron microscope. Data collection from biopsy samples, cells, and microorganisms are common applications of an electron microscope’s capabilities. Increased demand has resulted from the electron microscope’s introduction to new areas of medicine, such as molecular structure, biotechnology, and nanoparticle imaging. The subjects of biology and life sciences, material science, and information storage also make use of electron microscopes.
➤ The shortage of skilled workers hampers the industry’s expansion
Since electron microscopes are used in nanophysics, only the most qualified scientists and laboratory technicians need apply. It follows that the absence of such people is predicted to be a major barrier to the growth of the life science microscopy sector. However, difficulties such as reduced staffing, stifled manufacturing and research activities, and falling demand have impeded the expansion of the market for electron microscopic products as a result of widespread lockdowns and trade restrictions. The Bureau of Labor Statistics estimates that half a million individuals have departed the healthcare profession in the United States since February 2020. Market growth has been stymied by the 18% of the healthcare workforce that has gone since the epidemic began, and the 12% that has been laid off.
➤ An uptick in teamwork could lead to a nice bump in market profits
Over the next few years, the market for life science microscopes should benefit from the growing trend of industry leaders working together. For instance, ZEISS and the European Molecular Biology Laboratory (EMBL) forged a broad strategic partnership in July of 2023. The goal of the collaboration is to speed up the transition from the early stages of imaging technology development to its application in life science studies. Through this collaborative effort, users of the EMBL Imaging Centre and related EMBL imaging services will have access to cutting-edge ZEISS microscopy equipment and expertise. At the same time, the efforts taken by users of the Imaging Centre and the research conducted at EMBL will provide essential insights into potential new applications for ZEISS’s most recent technological developments.
➤ One of the biggest obstacles to market expansion is the high price and difficulty of operation
Pricey to make and purchase are the cutting-edge microscopes used in the life sciences. Due to its high price, it may be out of reach for some smaller institutions, clinics, and research facilities. For instance, secondary research indicates that the price of an electron microscope (EM) varies widely. From $75,000 to $10,000,000. That’s the pricing range for instruments. The kind, configuration, components, and resolution are all important factors in this. New scanning electron microscopes (SEM) can cost $70-$1,000,000, while used equipment, depending on condition, can cost $2,500-$555,000. Prices for TEMs can start at $100,000 for refurbished units and go as high as $10,000,000 for completely new ones.
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The Global Life Science Microscopes Market is segmented based on product, application and region
Global Life Science Microscopes Market: Product Segment Analysis
● Optical Microscopes
● Electron Microscopes
● Scanning Probe Microscopes
Global Life Science Microscopes Market: Application Segment Analysis
● Healthcare Provider
● Academics Organizations
The global Life Science Microscopes market is dominated by players like:
● Thermo Fisher Scientific
● Carl Zeiss
● Leica Microsystems
● Hitachi High-Tech
● Helmut Hund
● Meiji Techno
● Optika Italy
● Novel Optics
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➤ During the predicted time frame, North America is anticipated to be the market’s primary driving force
Growth in the market for life science microscopes is anticipated to be highest in North America. Increased financing for drug research and development, the launch of innovative products, and collaborations between the industry’s leading players are all factors contributing to the region’s booming market. For instance, PhRMA member businesses’ constant investment in R&D has yielded new medications that have revolutionized human health. New biopharmaceutical approaches are improving patient care for a wide range of conditions, from the common to the rare, and are even being used to tackle critical new health threats like COVID-19.
Also, in 2022, PhRMA members participated in their annual survey, which revealed that the $102.3 billion invested in research and development by PhRMA members in 2021 was the greatest sum ever. In addition, by 2021, R&D is expected to account for about 20% of global revenue, according to the study. In addition, the $122.2 billion that the US biopharmaceutical sector is expected to spend on R&D in 2020 is mostly attributable to spending by PhRMA members. The Department of Biochemistry at the University of Wisconsin–Madison also opened The Midwest Center for Cryo-Electron Tomography (MCCET) and Cryo-Electron Microscopy Research Center (CEMRC) in June 2022. The CEMRC provides cryo-electron microscopy (EM) equipment, training, and technical support to both UW-Madison and external researchers. As a result, the aforementioned factors fuel market expansion in the area.
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