The global life science microscopy devices market was valued at USD 1350.6 million in 2017 and is projected to exhibit a CAGR of 6.8 percent from 2017 – 2025. Life science is an industry, which is rapidly growing due to continuous research and development in genomics and proteomics that are facilitating the discovery and development of high value targeted drugs or therapies such as personalized medicines. Therefore, emphasis on adoption of technologically advanced microscopy devices is expected to boost growth of life science microscopy devices market. Manufacturers are focused on developing new products, owing to increasing adoption and accessibilities of these microscopes in research institutes. For instance, on March 27, 2018, Bruker extended its product portfolio of InVi SPIM microscope to include detection optics, flexible illumination, and full incubation capabilities, which enables imaging of the cell monolayers and small organisms in real-time. This technique can be used by the researchers to perform long-term experiments on tumorigenesis without harming live specimens that are not feasible on any other microscope system.
Furthermore, Bruker on February 22, 2018, acquired a high-speed infrared (IR) microscopy company called IRM2 to expand its market opportunities and product portfolio of infrared microscopy for large sampling areas, mainly for the selective screening of biological tissues. Thus, integration of such technologies enables innovation, improved productivity in life science molecular research as well as in phenomics and proteomics research, cell biology, microbiology, and molecular pathology research and in turn will boost growth of life science microscopy devices market. Vendors are also engaged in developing powerful magnification microscopes, which can be used in wide-array of applications. For instance, on April 5, 2018, Carl Zeiss AG delivered Xradia Versa 500-series of 3D X-ray microscopes (XRM), which helps users to get high defined images in one-quarter of the time. This technology shows new tangent towards computed tomography or 3D X-ray imaging for a wider range of applications in geological industry or other industries where structures are large when compared to voxel size.
Rising growth of global nanotechnology industry also contributes to the growing demand for life science microscope devices, as these devices allow scientists to analyze surface features at nanometer dimensions, effectively providing new pathways to modern nanotechnology. The continuous focus on nanotechnology research and development by various institutes who are funded by government lead to meteoric growth in adoption of these devices. – Coherent Market Insights