According to the new market research report The "Microscopy Market by Product [Optical (Fluorescence, Super-Resolution), Confocal, Electron (Transmission), Scanning (AFM)], Application (Semiconductor, Life Science, Nanotechnology) & by End User (Academic Institute, Industries) - Global Forecast to 2019", published by MarketsandMarkets, optical microscopy is the largest segment of the market. The electron microscopes product segment is expected to show the fastest growth during the forecast period.
Based on application, the microscopy market is broadly classified into semiconductors, life sciences, nanotechnology, and material science. Nanotechnology is the fastest-growing segment. The high growth rate of this market can be attributed to growing global focus on nanotechnology, favorable government and corporate funding, and technological advancements.
On the basis of end users, the microscopy market is categorized into academic institutions, industries, and others (government research institutes and private laboratories). Academic institutions are estimated to emerge as the major end users of the market in 2014. This can be attributed to the growing research and development in the field of neuroscience, optogentics, and nanotechnology, and increasing government funding for research purpose.
Growth of this market is propelled by the rising worldwide focus on nanotechnology and favorable government and corporate funding.
The market is further driven by technological advancements like high-throughput techniques, super resolution, and digitization of microscopes. Optogenetics and integration of microscopy with spectroscopy, novel application areas such as quantum dots, and emerging markets such as Brazil, China, India, and the Middle East provide new growth opportunities to players in the market. However, the high cost of advanced microscopes, implementation of excise tax by the U.S. government, and heavy custom duty charged on medical devices are the key factors limiting the growth of this market. In addition, the time-consuming sample preparation process and high degree of technical expertise required are key market challenges.
A thorough analysis of this market identified super resolution microscopy and low adoption rate of microscopes as major burning issues. On the other hand, the availability of customized microscopy solutions and superior customer support for microscopy were identified as a winning imperative.
Key players operating in the market are Carl Zeiss (Germany), FEI Co. (U.S.), Leica Microsystems (Danaher Corp.) (U.K.), Nikon Corporation (Japan), and Olympus Corporation (Japan).