The global microscopy market is expected to reach USD 7.39 Billion by 2022 from USD 5.60 Billion in 2017, at a CAGR of 5.7%. The growth of this market can be attributed to the favorable government and corporate funding for R&D in microscopy, technological advancements in microscopes, and the rising focus on nanotechnology and regenerative medicine.

Product launch remains at the center of the strategic growth initiatives pursued by a majority of the key players in the global microscopy market. Besides this, players are also focusing on increasing their presence in the high-growth markets through partnerships, collaborations, agreements, expansions, and acquisitions. Companies such as JEOL, Danaher, Carl Zeiss, Nikon, Thermo Fisher, and Bruker are focusing on product launches to enhance their market presence.

Carl Zeiss is the largest player in the global microscopy market. The company has a comprehensive range of microscopy products. The company focuses on both organic and inorganic growth strategies such as product approvals, product launches, agreements, and collaborations to sustain its foothold in the market. The company launched nine new products in the market from 2014 to 2017. For instance, in March 2017, the company launched ZEISS Crossbeam 550, a focused ion beam scanning electron microscope with increased resolution power for imaging and material characterization. Similarly, in September 2014, the company collaborated with University of California, Berkeley (US). This collaboration supports the BRAIN Initiative organized by the Berkeley Brain Microscopy Innovation Center (BrainMIC) and is supported by the National Institutes of Health (NIH).

Danaher is a prominent player in this market. Under the subsidiary Leica Microsystems, the company offers a wide range of microscopes, which include confocal microscopes, compound microscopes, surgical and stereo microscopes, and specific preparation products for electron microscopy. The company focuses on organic strategies such as product launches and inorganic strategies such as collaborations. The company introduced twelve new products in the market from 2014 to 2017. For instance, in April 2017, the company launched S9 Greenough stereomicroscope series, a series of stereo microscopes for convenient inspection. In September 2014, the company entered into collaboration with Yale University (US) to establish a new Microscopy Center of Excellence at Yale University’s campus. This collaboration strengthened the company’s market presence in the US.

Some other leading players in the global microscopy market include Olympus, Oxford Instruments, Hitachi High-Technologies, Meiji Techno Co., OPTIKA, and Vision Engineering. These companies have well-established sales and distribution networks across the globe. They also make significant investments in R&D activities to add innovative technologies and products to their portfolio. With a strong portfolio of microscopy products and ceaseless efforts to develop innovative products, these companies are likely to maintain their strong position in the market in the coming years as well.

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Microscopy Market by Product (Microscopes, Accessories), Type (Optical Microscope, Electron Microscope, AFM, STM, NSOM), Application (Semiconductor, Nanotechnology, Electronics), End User (Industrial, Research Institute, Blood Bank) - Global Forecast to 2022

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