Life Science Microscopes Market Growth, Size, Share, Trends, and Forecast 2030

Life Science Microscopes Industry Prospective:

The global life science microscopes market size was worth around USD 1800 million in 2022 and is predicted to grow to around USD 2800 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.0% between 2023 and 2030.    

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Life Science Microscopes Market: Overview

A tool used to magnify small objects is called a microscope. Even at the cellular level, certain microscopes may be used to study an object, enabling researchers to view a cell's form as well as its nucleus, mitochondria, and other organelles. Although the contemporary microscope has several components, its lenses are the most crucial ones. The picture of an object may be enlarged and closely examined using the microscope's optics. A convex lens, which has outward curvatures on both sides, is used in a straightforward light microscope to alter how light reaches the eye. The light bends in the direction of the eye when it travels through the lens after reflecting off of a sample being examined under a microscope. Lifescience microscopes are specialized optical devices made for examining biological specimens at different magnifications. They are essential to the field of life sciences because they enable researchers to see and examine tissues, cellular structures, and other biological components.

Key Insights

• As per the analysis shared by our research analyst, the global life science microscopes market is estimated to grow annually at a CAGR of around 6.0% over the forecast period (2023-2030).
• In terms of revenue, the global life science microscopes market size was valued at around USD 1800 million in 2022 and is projected to reach USD 2800 million, by 2030.
• The global life science microscopes market is being driven by the increasing research and development in medical fields and advancements in technology.
• Based on the product type, the electron microscope is expected to grow at the highest CAGR over the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

Life Science Microscopes Market: Growth Drivers

Adoption of electron microscopes in lifescience propels market growth

The fields of healthcare and life sciences engage in more extensive laboratory R&D. These require quicker turnaround times and greater quality magnification. The use of an electron microscope is required. The capabilities of an electron microscope are mostly used to collect data on biopsy samples, cells, and microbes. Furthermore, the development of the electron microscope has raised the need for it in several medical fields, including molecular structuring, biotechnology, and imaging of nanoparticles, among others. Additionally, the use of an electron microscope is seen in the fields of biology and life sciences, material research, and data storage.

For instance, in July 2023, in Minneapolis, JEOL unveiled two brand-new scanning electron microscopes. The new SEMs have the most advanced automation and intelligent technologies for simple operation, quick, high-resolution imaging, and analysis. The collection of data for all specimen types is simple with these new-generation SEMs. Both of the new SEMs have "Simple SEM" for automatic image collection at various magnifications, conditions, and locations, Live EDS analysis, Live 3D microscopy, automatic large-area analysis with ZeroMag software, Montage for large-area mosaics, and automatic functions from alignment to focus for quick, clear, high-resolution images. Therefore, these kinds of advancements in microscopes are projected to drive the global life science microscopes market growth over the forecast period.  

Life Science Microscopes Market: Restraints

Lack of professionals hamper the market growth

Nanophysics uses electron microscopes to reveal the smallest information possible, requiring the best scientists and lab staff. Therefore, it is projected that the lack of such individuals would be a significant hurdle to the expansion of the life science microscopes industry. On the other hand, widespread lockdowns and trade restrictions have sparked issues including staff reduction, suppressed production & research activities, and decreasing demand, all of which have hampered the expansion of the market for electron microscopic products. Approximately 500,000 people have left the U.S. healthcare industry since February 2020, according to estimates from the Bureau of Labor Statistics. Since the pandemic started, 18% of the healthcare workforce has left, and 12% have been laid off, which has hampered market expansion.

Life Science Microscopes Market: Opportunities

Increasing collaboration provides an attractive opportunity for market revenue growth

The increasing collaboration among the key life science microscopes market players is expected to offer an attractive opportunity for market growth during the forecast period. For instance, in July 2023, an extensive strategic cooperation was established between ZEISS and the European Molecular Biology Laboratory (EMBL). The partnership intends to bridge the gap between the creation of imaging technology at its beginnings and its use in life science research. Users of the EMBL Imaging Centre and associated EMBL imaging services will have access to the most recent ZEISS microscopy technology and knowledge due to this cooperative approach. At the same time, ZEISS will get crucial insights into potential new applications and chances for market-testing their most recent technological advancements from the research done at EMBL and initiatives by users of the Imaging Centre.

Life Science Microscopes Market: Challenges

High cost and complexity of operation act as a major challenge to market growth

Modern, high-tech, advanced lifescience microscopes can be expensive to produce and buy. Smaller research institutes, universities, and clinics with limited resources may find it difficult to obtain due to the cost. For instance, according to secondary analysis, an electron microscope's (EM) cost can vary greatly. Instruments can range in price from $75,000 to $10,000,000. This depends on the kind, configuration, components, resolution, and other critical variables. Scanning Electron Microscopes (SEM) can range in price from $70,000 to $1,000,000 when purchased new, while secondhand equipment can range from $2,500 to $550,000, depending on its condition. TEMs range in price from $100,000 to $10,000,000 for brand-new models and from $125,000 to $900,000 for used ones. Instruments for dual beam or SEM/FIB can range in price from $85,000 to $3,000,000 for new and from $20,000 to $600,000 for secondhand. Furthermore, some expensive microscopes include sophisticated features that need to be used and maintained by experts. It can be time-consuming and expensive to train staff members to use these sophisticated tools. Thus, this is expected to be a major challenge for the life science microscopes market growth over the forecast period.

Life Science Microscopes Market: Segmentation

The global life science microscopes industry is segmented based on product type, end-user, and region.

Based on the product type, the global market is bifurcated into optical microscopes, electron microscopes, and scanning probe microscopes. The electron microscope is expected to grow at the highest CAGR over the forecast period owing to its characteristics. An electron microscope is a type of microscope that produces images with exceptionally high resolution by using an electron beam rather than a light beam to show the object being studied. It is a special kind of microscope that can offer incredibly clear images while magnifying things to the nanoscale. Since an electron's wavelength is up to 100,000 times shorter than a photon's in the visible light spectrum, electron microscopes have a better resolution than light microscopes and can see the structure of small particles. The structural basis of cellular function and disease are fundamentally shown in excellent detail by electron microscope imaging. Thereby, driving the segment growth over the forecast period.

Based on end-user, the life science microscopes industry can be segregated into healthcare providers, pharmaceuticals, academic organizations, and others.

Life Science Microscopes Market: Report Scope

Life Science Microscopes Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to dominate the life science microscopes market growth over the forecast period. The market growth in the region is attributed to technical improvements, increased funding for medicine development, new product introductions, and partnerships among the major market participants. For instance, innovative medicines that have revolutionized human health are the product of the persistent investment in research and development (R&D) by PhRMA member companies. Innovative biopharmaceutical techniques are helping to treat patients for a variety of diseases, including chronic and uncommon diseases, and to address important emerging health issues such as COVID-19.

Additionally, the annual poll of PhRMA members conducted in 2022 revealed that the $102.3 billion investment made by member companies in R&D in 2021 alone was the highest amount ever. Additionally, the research predicts that in 2021, R&D will generate close to one-fifth of total income. In addition, R&D expenditures by PhRMA members account for the bulk of the $122.2 billion that the US biopharmaceutical sector is projected to spend on R&D in 2020. Furthermore, in June 2022, The Midwest Center for Cryo-Electron Tomography (MCCET) and Cryo-Electron Microscopy Research Center (CEMRC) were officially inaugurated at the University of Wisconsin-Madison's Department of Biochemistry. Both UW-Madison researchers and outside researchers can receive cryo-EM equipment, training, and technical support through the CEMRC. Therefore, the aforementioned facts propel the market growth in the region.

Life Science Microscopes Market: Competitive Analysis

The global Life Science Microscopes market is dominated by players like:

• Thermo Fisher Scientific
• Nikon
• Bruker
• Carl Zeiss
• Olympus
• Leica Microsystems
• JEOL
• Hitachi High-Tech
• Accu-Scope
• Helmut Hund
• Meiji Techno
• Labomed
• Optika Italy
• Euromex
• TESCAN
• Novel Optics
• Motic

The global Life Science Microscopes market is segmented as follows:

By Product Type

• Optical Microscopes
• Electron Microscopes
• Scanning Probe Microscopes

By End User

• Healthcare Provider
• Pharmaceutical
• Academics Organizations
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa