Microscopes Market Is Expected To Grow At A Lucrative Rate During The Forecast Period 2012 To 2020 Hexa Research

Rising focus on nanotechnology and growing government & private sector funding are the factors propelling the growth of "microscopes market". Increasing demand of research and development activities particularly in area of life science and semiconductors is anticipate to drive the market for microscopes.

Continuous innovation in technology has increased the usage rate of super resolution microscopes in daily practices by making it more convinced and effective. Introduction of high resolution microscopes has raised the capabilities to study most critical parts of human body such as brain and neurology, which is anticipated to trigger the market growth of microscope. Furthermore, introduction of cost effective and super fine resolution microscopes like direct stochastic optical reconstruction optical microscopy (dSTORM) are anticipated to push microscope market over the forecast period.

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Developing economies possess significant demand for this market owing to favorable policies of government and availability of cheap labors. These factors are continuously increasing the demand for nanotechnology, life science and semi-conductors. Introduction of new application area such as quantum dots and optogenetics, and introduction of customized microscope are boosting the market growth of microscopes.

Application Insights
The global microscope market is segment on the basis of its application and products. By application, entire microscope market is segmented into life science and semiconductors. Life science dominated the market in 2013 owing to the increasing use of microscopes in research and development, inspection & manufacturing, and continuous innovation in consumer electronics segment. Presence of NNI (National Nanotechnology Initiative) fosters the transfer of new technologies and world class nanotechnology research and development program which are some major propelling factor of this market. Rising demand in the medical device market and miniaturizing in the semiconductor market is likely to trigger the growth of microscopes market.

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Product Insights
On the basis of product, the market is segmented into optical microscope, electron microscope, scanning probe microscope and confocal microscope. Optical microscope accounted for the largest share in 2013 in terms of revenue owing to increasing presence of wide application and high adoption rates in the field of semiconductors and life science. Microscopes market is further categorized into phase contrast, inverted, confocal scanning, stereomicroscope, fluorescence and near field scanning microscopes. In 2013, inverted microscope is expected to hold the highest market share due to continuously increasing rate of users, simpler features and wide range applications like micromanipulation and metallurgy. Furthermore, this market is anticipated to show significant growth over the forecast period owing to the rapid increase in the acceptance rate.

Regional Insights
According to region, the global microscopes market is divided into North America, Europe, Asia Pacific and RoW. Asia Pacific region was the largest market in terms of revenue for microscopes market in 2013. In accordance to an observatorynano public funding 2012, U.S. got surpassed by China in terms of funding in nanotechnology market in 2011. Rate of funding in nanotechnology market in China was highest in entire world. Furthermore, increasing industrialization, presence of exclusive nanotechnology in research and development in emerging nations is likely to have significant growth opportunity in future. Rising usage rate between noncommercial organizations such as research laboratories and hospitals is likely to boost the growth of microscopes market in next few years.

Competitive Insights
Olympus Corporation, Leica Microsystems, Nikon Corporation and Carl Zeiss are the major players of microscopes market. Firms are facing very less competition among themselves owing to presence of few competitors in the market. It is oligopolistic in nature. Huge investment in research and development complemented with few players into the market are likely to create barrier for entry of new firms into this market. Furthermore, owing to its oligopolistic nature the firms are heavily interdependent on each other in relation with their product pricing.

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