Albany, NY, Feb. 10, 2016 (GLOBE NEWSWIRE) -- The life science microscopy devices market has been witnessing a rapid shift from developed areas of the world to emerging and developing economies such as Latin America and Asia Pacific owing to the growth of the contract research organization market. Transparency Market Research, in its latest report, studies the workings of the global life science microscopy devices market and discusses the major factors driving and challenging the overall scenario. The report is titled “Life Science Microscopy Devices Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 - 2020”.
According to the report, the global life science microscopy devices market is estimated to rise at a 6.60% CAGR during the forecast period, expanding from a value of US$1,656 mn in 2013 to US$2,614 mn in 2020. Support from the government in the form of grants and funding, untapped potential in emerging countries, and development of biotech and research parks are anticipated to boost the growth of the life science microscopy devices market.
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Based on device type, the life science microscopy devices market is segmented into electron microscopes, scanning probe microscopes, and optical microscopes. Accounting for a share of over 40.0% in 2013, optical microscopes dominated the life science microscopy devices market mainly due to their ease of operation and low cost. Optical microscopes are mostly used by researchers in public and private laboratories and academic institutes because they can be operated with minimal efforts of sample preparation.
On the basis of application, life science microscopy devices are segmented into clinical/pathology, pharmacology and toxicology, cell biology, biomedical engineering, and neuroscience. Among these, cell biology and clinical/pathology segments dominate the overall life science microscopy devices market.
On the basis of geography, the global life science microscopy devices market is divided into North America, Asia Pacific, Europe, and Rest of the World. North America dominates the overall market mainly owing to availability of high quality supporting infrastructure and increasing affordability. Advanced instruments such as life science microscopy devices are exorbitantly-priced, making them a viable solution only in developed countries such as Canada and the US. The Asia Pacific and Latin America life science microscopy devices market, on the other hand, are likely to emerge as strong contenders over the next few years owing to the rising presence of contract research organizations (CRO) in these two regions.
Major Key Players:
Some of the most notable players competing in the global life science microscopy devices market are Olympus Corporation, FEI Company, Hitachi High-Technologies Corporation, Leica Microsystems, Bruker Corporation, CAMECA SAS, Nikon Corporation, NT-MDT Company, JEOL Ltd, Danish Micro Engineering A/S, and Carl Zeiss AG.
The global life science microscopy devices market is segmented as follows:
Global Life Science Microscopy Devices Market, by Device Type
- Optical Microscopes
- Electron Microscopes
- Scanning Probe Microscopes
Global Life Science Microscopy Devices Market, by Application
- Cell Biology
- Biomedical Engineering
- Pharmacology and Toxicology
Global Life Science Microscopy Devices Market, by Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
Other Industry Reports by TMR:
- Medical Cameras and Microscopes Market to Log 4.0% CAGR till 2023, Strong Growth Projected for Pathology Microscopes Segment: http://www.transparencymarketresearch.com/medical-cameras-market.html
- Medical Imaging Equipment Market: X-ray Imaging Devices Constituted Largest Segment in 2014, Ultrasound Systems to Grow most Rapidly: http://www.transparencymarketresearch.com/medical-imaging-equipment-market.html
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research