Global Microscopy Market To Reach $7.45bn By 2018
4 February 2014
In the years through 2018, the global microscopy market is predicted to experience solid improvement, reaching $7.45 billion in value. The US is expected to be responsible for most of the growth, followed by Japan and China, with emerging markets such as Brazil, India and Russia also seen to significantly increase their uptake of microscopy technology, IndustryARC says in a new report.
The research and consultancy firm acknowledges that the market's development greatly depends on the rate of adoption of the technology in a number of areas, such as life sciences, materials sciences, semiconductors, nanotechnology, metrology, applied physics, chemistry and forensic science. The performance of microscopes is also contingent on the integration of optical and analytical techniques, which are now broadly available thanks to technology innovations.
The market is also gaining momentum as a result of major economies' increasing rate of investment in research and development across semiconductor chips, microelectromechanical systems (MEMS) and nanotechnology, neuroscience, biomedical and medical sciences to explore the details at micro and nano levels for the purpose of designing efficient and reliable systems. Microscopy technology in these fields is chiefly used to identify the forces in nature by investigating them at atomic and sub-atomic levels and provide information about processes that are not within the resolution range of the human eye.
Optical microscopy represents the bulk of the market of microscopy, but scanning probe and electron microscopy are also picking up pace. According to the researchers, these two fields will play a key role in the market, pushed by research in nanotechnology and life sciences.