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Earnings to Grow to US$2,614 mn in 2020; Life Science Microscopy Devices Market Migration to Happen

Press Release   •   Jan 16, 2017 08:32 EST

Microscopes have enabled researchers to conduct in-depth academic and exploratory research. Increasing interest in life science areas such as nanoscience, and pharmacology and toxicology has created a need for advanced microscopes employing mediums much more penetrative than light i.e., electron, X-ray, etc. This has enabled us to venture further in the range of nanoscales and deliver potential innovations in life science field. Moreover, the medical field has always had the requirement for optical microscopes — schools and academies have introduced microscopes to teenage students at elementary level. Increasing demand has led to the proliferation of microscopy devices that are now available in creative designs, with new technology and magnification power to attract research enthusiasts. However, even with the proliferation of microscopes in nearly every principle of research and testing, microscope sales have been affected by the recent economic downturns in Europe and the Middle East. This report estimates the global market for life science microscopy devices in terms of revenue (USD million) for the period from 2012 to 2020.

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According to the report, the global life science microscopy devices market is estimated to rise at a 6.60% CAGR during the forecast period, expanding from a value of US$1,656 mn in 2013 to US$2,614 mn in 2020. Support from the government in the form of grants and funding, untapped potential in emerging countries, and development of biotech and research parks are anticipated to boost the growth of the life science microscopy devices market.

Based on device type, the life science microscopy devices market is segmented into electron microscopes, scanning probe microscopes, and optical microscopes. Accounting for a share of over 40.0% in 2013, optical microscopes dominated the life science microscopy devices market mainly due to their ease of operation and low cost. Optical microscopes are mostly used by researchers in public and private laboratories and academic institutes because they can be operated with minimal efforts of sample preparation.

On the basis of application, life science microscopy devices are segmented into clinical/pathology, pharmacology and toxicology, cell biology, biomedical engineering, and neuroscience. Among these, cell biology and clinical/pathology segments dominate the overall life science microscopy devices market.

On the basis of geography, the global life science microscopy devices market is divided into North America, Asia Pacific, Europe, and Rest of the World. North America dominates the overall market mainly owing to availability of high quality supporting infrastructure and increasing affordability. Advanced instruments such as life science microscopy devices are exorbitantly-priced, making them a viable solution only in developed countries such as Canada and the US. The Asia Pacific and Latin America life science microscopy devices market, on the other hand, are likely to emerge as strong contenders over the next few years owing to the rising presence of contract research organizations (CRO) in these two regions.

Read the Present Market Status of Life Science Microscopy Devices at: http://www.transparencymarketresearch.com/life-science-microscopy-devices.html

Some of the most notable players competing in the global life science microscopy devices market are Olympus Corporation, FEI Company, Hitachi High-Technologies Corporation, Leica Microsystems, Bruker Corporation, CAMECA SAS, Nikon Corporation, NT-MDT Company, JEOL Ltd, Danish Micro Engineering A/S, and Carl Zeiss AG.

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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