Electron microscopes are those type of microscopes that uses a beam of accelerated electrons primarily as a source of illumination. Electron microscopes are considered as special devices as they offer images with extremely high resolution and also magnifies the object to nanometres. The market for electron microscopes is poised to witness a healthy growth over the course of the next five years due to the constantly growing imaging requirements across various industries such as nanotechnology, semiconductor, and life sciences among others. The increasing health spending is also expected to propel the market growth for electron microscope as the countries across the globe are increasing their investments to upgrade the healthcare infrastructure. Furthermore, increasing investments in cell research due to the rising prevalence of diseases is also expected to be a major factor that is anticipated to positively impact the demand for electron microscopes, thus playing a significant role in shaping up the market growth over the next five years.
Additionally, the growing number of research labs globally is also a key factor that is providing ample opportunities for the key market players throughout the forecast period. Moreover, the growing investments in the semiconductor industry is also a key factor driving the demand for these microscopes as these are widely used for semiconductor inspection and testing. For instance, Microelectronics from Germany – Driver of innovation for the digital economy” is an initiative taken by the government in which EUR 1 billion was to be invested in the chip industry of the country by the year 2020. However, the market may be restrained by the fact that there are strict regulatory procedures through which these devices have to pass for commercialization.
The figure below represents the size of the global electron microscope market which is evaluated at US$2.399 billion for the year 2019 and is estimated to reach US$3.484 billion by the year 2025.
Global Electron Microscope, Forecasts From 2019-2025, in US$ Billion
Source: Knowledge Sourcing Intelligence Estimates
The market has been segmented on the basis of product type, application, and geography.
Scanning Electron Microscopes to Witness a Healthy Growth
By the product type, the classification of the market has been done into scanning electron microscope, transmission electron microscope, and reflection electron microscope. The scanning electron microscope segment is poised to show a healthy growth throughout the course of the next five years on account of its wide uses across several applications due to its capability of offering a 3D view of the specimen. Booming applications across the chemical and life sciences sector coupled with the rapid participation of major market players in the development of new and enhanced scanning electron microscopes further support the growth of this segment until the end of the forecast period. The transmission electron microscope segment is expected to hold a substantial market share throughout the forecast period due to its wide applications and study of bacteria and viruses.
Life Sciences to Hold a Decent Share
By application, the segmentation of the market has been done into material sciences, life sciences, and nanotechnology. The booming adoption of nanotechnology across various industries is projected to bolster the growth of this segment throughout the course of the forecast period. The wide adoption of nanotechnology across the healthcare sector is observed in the coming years as it offers lucrative opportunities for work the same scale of several organic molecules, cellular mechanisms, and biological processes among others. This further provides an imputes for rapid innovations in the healthcare sector for medicines, biosensors, implantable devices, and imaging technologies among others. This can be backed up by the fact that the nanotechnology in the healthcare market has grown significantly between 2018 to 2024. For instance, the market size reached US$154.809 billion by 2024 from US$89.783 billion in the year 2018 (Source: Knowledge Sourcing Intelligence).
Nanotechnology in Healthcare Market, Forecasts From 2018 to 2024, US$Billion
Source: Knowledge Sourcing Intelligence Estimates
Also, there are wide applications of these microscopes in the life sciences industry especially in the field of clinical trials, disease diagnostics, and pathology labs among others. Thus, the growth in the number of clinical trials on account of the growing oral healthcare demand coupled with a significant increase in the number of pathology labs around the globe are the major factors bolstering the growth of this segment throughout the forecast period.
Apac to Witness Noteworthy Growth
Geographically, the market has been segmented on the basis of North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is projected to grow substantially over the forecast period. The early adoption of technology coupled with the presence of a well-established healthcare and research infrastructure in countries like the United States and Canada among others are some of the key factors supplementing the electron microscope market growth in the North American region. Furthermore, the presence of a number of key market players in the region further supplements the significant share of the market in the North American region. Furthermore, the European region is expected to hold a noteworthy share in the market due to the presence of a well-established life sciences and material sciences industry in many countries across the region. Furthermore, the presence of a well-established semiconductor industry in the region is also playing a key role in shaping up the market growth in the European region during the next five years. However, the Asia Pacific region is poised to witness a notable growth throughout the forecast period. The major factors supporting the market growth in the APAC region include the presence of the fastest-growing economies such as India and China among others. The constantly growing health spending across these countries for the up-gradation of the healthcare infrastructure coupled with the growing medical tourism throughout the region are some of the major factors bolstering the demand for electron microscopes in the APAC region, thereby positively influencing the growth in the coming years. Furthermore, the booming R&D industry in major emerging countries such as India, China, and Vietnam is also expected to augment the growth during the next five years.