According to market research industry, "Microscopy Market by Product (Microscopes, Software, Accessories), Type (Optical Microscope (Stereo, Digital), Electron Microscope (SEM, TEM), AFM, STM), Application (Semiconductor, Life science), End User (Industrial, Research) - Global Forecast to 2026", is projected to reach USD 8.9 billion in 2026 from USD 6.5 billion in 2020, at CAGR of 5.6% during the forecast period. Market growth is driven largely by factors such as favorable funding scenario for R&D in microscopy, technological advancements in microscopes, and rising focus on nanotechnology and regenerative medicine. However, the high cost of the advanced microscopes is expected to restrain the growth of this market during the forecast period.
The impact of the coronavirus pandemic and the nationwide lockdowns it triggered is visible in various industries, including the microscopy market. The overall growth of various sectors has been heavily impacted, specifically in countries with a high incidence rate of COVID-19, such as India, China, the US, and several European countries (Russia, Italy, and Spain, among others).
The COVID-19 outbreak has disrupted business and economic activities globally. However, it is expected to have a positive impact on the microscopy market for the healthcare industry.
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Increasing research in life sciences and other application areas have resulted in the generation of a large amount of data, mainly due to advances in image quality. Present software can no longer handle these images, which indicates the potential opportunities offered in the area of software development. Recent key microscopy software launches include ZEISS ZEN Connect, Zeiss ZEN Core, ZEISS ZEN Intelleis software, and arivis Vision4D and patent-pending arivis inViewR.
Microscopy is extensively used in the semiconductor industry for R&D, quality control, monitoring, process development, and failure analysis. This factor, along with the growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics, drives the demand for microscopes in the semiconductor industry.
In 2020, the industries segment accounted for the largest share of the microscopy market. It is also the fastest-growing segment. Light and electron microscopes are widely used in industries for identification and particle analysis, material characterization, process control, quality control, and failure analysis, which is a major factor driving market growth.