Global Automated Microscopy market value will reach USD 10.41 billion by 2025

The global automated microscopy market was valued at USD 6.17 billion in the year 2019 and is estimated to reach USD 6.73 billion by the year 2020.

It is expected to grow at the CAGR of 9.1% within the time horizon of 2020-2025. Its market value will reach USD 10.41 billion by the end of the year 2025.

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Trends
Industry Challenges
Technology Trends
Pricing Trends
Regulatory Trends
Market Size and Forecast
Market Outlook
Technology Roadmap
Distribution Chain Analysis
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

Microscopy is concerned with the use of the microscope to view objects that aren’t seen within the resolution range of the normal eye. Automated microscopy uses advanced monitoring techniques to give accurate and automatic magnifying for investigating and understanding the subject and to reduce manual mistakes.

It uses atomic force microscopy and Raman confocal systems to increase the monitoring of biological specimens. In the context of the automation, the shutters, filter wheels, stages, light sources, and focus control of the microscope can be electronically controlled.

This type of automated microscopy is usually used in the field which requires a high number of repeated observations over a long period and is used by the biotechnological companies, hospitals, diagnostics laboratories, and research centers.

Based on the type of application, the global automated microscopy market consists of material science, nanotechnology, life sciences, semiconductors, and others. Based on the type of product, it comprises of scanning probe, optical, electron, fluorescence, and inverted microscopes.

Market Overview

The total market size of the global automated microscopy market is valued at USD 6.17 billion in the year 2019 and is expected to reach USD 6.73 billion by the end of the year 2020. Its market value is expected to grow at a CAGR of 9.1% within the forecasted time horizon of 2020-2025.

Its market value will reach USD 10.41 billion by the end of the year 2025. Based on geography, the Asia Pacific region is leading the market with a market share of almost 38.57% of the global automated market because of the presence of a large number of manufacturers in Japan, favorable government support, and an increasing number of contract manufacturing organizations.

Based on the type of the product, The electron microscope segment is leading the market with a market share of almost 45.1% of the total global automated microscopy market. The market size of this segment is valued at USD 2.78 billion in the year 2019.

Based on the type of the application, the life science segment is dominating the market with a market share of almost 28.33% of the total global automated microscopy market. The market size of this segment is valued at USD 1.74 billion in the year 2019.

As the end-users of this market are considered, the biotechnological companies are dominating the market with a market share of almost 38.88% of the global automated microscopy market. The market size of this segment is valued at USD 2.4 billion in the year 2019.

The rising number of biotechnological companies, increasing extend of emerging infectious disease, provision of incentives and training programs for automation technology, growing nanotechnology, and regenerative medicine market, and increasing investment in research and development activities are the factors responsible for the growth and development of the global automated microscopy market.

Market Risks

Issues of radiation leakage from the electron microscope

In the use of the electron microscope, the leakage of the X-radiation formed after the strike of the scattering electrons with metal. For instance, the x-ray may escape between the gasket-sealed joint of the two sections of the column.

The extend of the radiation leakage depends upon the shielding caused by the metal casing. Because of this, the standards for the radiation permissible limits has been developed, which states that the emission of the radiation from the electron microscope should not exceed a dose equivalent rate of 0.5 mrem at 5 cm from any surface of the equipment and the exposure rate of 2 mrem per hour in unrestricted areas.

The safety evaluations should be done initially after the installation and movement of the equipment of the electron microscope.

The chances of the occurrence of the radiation leakage might create the risk for the growth and development of the electron microscope, which is the dominating segment in terms of the type of product accounting for the market share of almost 45.1% of the total market value of the global automated microscopy market.

Top Market Opportunities

Rising number of biotechnological companies

Globally, there are almost 3,000 biotechnological companies and the number of these biotechnological companies is in increasing trend. In the context of the European region, the number of the public biotechnological companies has been increased by 9% from 238 to 259 and the revenue of these companies has been by almost 19% from USD 22.8 billion to USD 27.2 billion in a year.

In the context of the United States, the number of public companies engaged in the biotechnology industry is also increased by almost 2% from 442 to 449 within a year.

The revenue of the biotechnological industry in the United States has also been increased by 4% from USD 107.4 billion to USD 112.2 billion in a year.

The biotechnological companies are the leading end-users of the automated microscopy market which accounts for a market share of almost 38.88% of the total global automated microscopy market.

Because of this, the rising number of biotechnological companies is creating a significant opportunity for the growth and development of the global automated microscopy market.

Rising extend of emerging infectious disease

Globally, the emerging infections account for almost 12% of the total pathogens responsible for the development of infectious diseases and health disorders among humans.

The extend of the emerging infectious diseases including the novel species and strains of the microbes such as novel coronavirus, Ebola virus, etc are in the rising trend.

For instance, the pandemic outbreak of the novel coronavirus SARS-CoV-2 has occurred and almost 13 million people are infected with the COVID-19 disease globally till July 13, 2020.

The advanced automated technology with the capacity to operate with very limited human intervention is required for the disease diagnostics, research activities, and development of the new therapeutic measures (drugs development, vaccine development) to minimize the transmission of these diseases and to reduce the risk of causation among the health care workers.

The automated microscopy requires little intervention for the focus, appropriate wavelength selection, and other functions. It will create a significant opportunity for the growth and development of the global automated microscopy market.

Provision of incentives and training programs for automation technology

Globally, some of the organizations are developing and implementing the training and financial incentives programs for the promotion of automation technology.

For instance, the Minnesota Department of Employment and Economic Development, a state principal economic development agency in the United States, has developed the training programs for the business entities and the provision of financial grants of almost USD 25,000 is made available to these entities.

The provision of the training programs and the financial incentives for the promotion of the use of the automation technology in the multiple sectors will create a significant opportunity for the growth and development of the global automated microscopy market.

Market Trends

Rising nanotechnology and regenerative medicine market

Globally, the market for nanotechnology and regenerative medicine is in increasing trend. The global market for nanotechnology is expected to grow at a CAGR of almost 10.5% within the forecasted time horizon of 2020-2025.

The market size of the global nanotechnology market is valued at USD in 2019 and is expected to reach USD 2231.4 million by the year 2025. The global regenerative medicine market is expected to grow at a CAGR of 11.6% within the forecasted time horizon of 2020-2025.

The market size of the global regenerative market is valued at USD in the year 2019 and is expected to reach USD 5.6 billion by the year 2025. As the application of the automated microscopy market is considered, the nanotechnology sector accounts for a market share of almost 13.61% of the global automated microscopy market.

Along with this, the use of automated microscopy is also increasing in the field of regenerative medicine. The rising global nanotechnology market is driving the growth and development of the global automated microscopy market.

Increasing investment in research and development activities

The biotechnological, pharmaceutical and governmental organizations are increasing their investment in the research and development activities globally. The public biotechnological companies in the European region have increased their investment in the research and development activities by almost 3% from USD 6.7 billion to USD 6.9 billion in a year.

The public biotechnological companies in the United States have increased their investment in the research and development activities by almost 14% from USD 30.4 billion to USD 38.8 billion in a year.

Some of the biotechnological companies are investing a huge amount of their revenue in research and development. For instance, Allergan has investment almost 43.4% of its revenue, Merck & co has invested almost 14.1% and Ericsson has invested almost 24.9% in the research and development activities.

Along with this, the global spending of the pharmaceutical industry has been increased from USD 129 billion in the year 2010 to USD 179 billion in the year 2018. The increasing investment in research and development activities can create a favorable environment for the demand on automated microscopy which will ultimately drive the growth and development of the global automated microscopy market.

High cost of the automated microscope

The cost of the automated microscope is quite high in comparison to the manual microscope. The average cost of the automated microscope ranges from USD 5,000 to USD 15,000 per unit and the cost will vary in accordance with the technology, product, and application.

The high cost of the automated microscope devices might negatively influence the demand for the automated microscope which will ultimately restrain the growth and development of the global automated microscopy market.

Industry Challenges

Requirement of specified training for the workforce

The workforce engaged in the operation of the automated microscope should have special training to learn about the process of the specimen preparation and operation of the automated microscope.

They should have adequate knowledge about the use of the software applications embedded with the automated microscope.

Because of this, it is quite challenging for the market players to develop the technically advanced automated market by maintaining the simplicity in the operation of the device so that the specific training for the operation of every newly developed isn’t required.

Technology Trends

The adoption of innovative automation technology is driving the growth and development of the global automated microscopy market. Some of the key technological changes expected to occur in the global automated microscopy market are discussed as follows:

3D imaging: The automatic microscope provide an accurate view of the sample by deliver 3D imaging of the sample with a single click and enhances the performance of analysis from any angle.

Automatic magnification recognition: The automated microscope uses the motorized zoom system to provide automatic magnification recognition to eliminate the chances of the measurement errors.

Multichannel fluorescence imaging: In this type of microscopic imaging, multiple channels are used to differentiate the fluorescence components by considering the fluorescence efficiency, spectral resolution, and stray light.

Confocal microscope: This integrated technology uses the optical and digital image analysis technique to acquire the images of the non-planar samples. It assists in the production of high quality and clear pictures.

Laser scanning confocal microscopy: This type of microscope enables the researchers to observe the detailed structures and functions of living cells and tissues in real-time. It facilitates to monitor the whole process of changes in the tissues and cells of different locations.

Pricing Trends

The price of the automated microscope depends upon the type of product, application, technology, and software categories. For instance, the price of the Acrifab digital USB microscope is about USD 126.39 per piece while the price of the LCD digital microscope is USD 259.42 per piece.

The price of the microscope varies following the geography. For instance, the price of the digital video microscope is about USD 638.58 per piece in the context of India while the price of the optical inspection digital microscope is about USD 126.9 per set.

The average cost of the automated microscope ranges from USD 5,000 to USD 15,000 per unit.

Regulatory Trends

Globally, the regulations related to the automated microscopy market varies in accordance with the country and is quite limited. For instance, the Code of Federal Regulations Title 21: this regulation was developed by the Food and Drug Administration for the context of the United States.

According to this, the premarket notification submission must include the detailed description of the equipment, appropriate internal and external quality controls, description and specifications for sample preparation, processing, and storage.

Market Size and Forecast

The total market size of the global automated microscopy market is valued at USD 6.17 billion in the year 2019 and is expected to reach USD 6.73 billion by the end of the year 2020.

Its market value is expected to grow at a CAGR of 9.1% within the forecasted time horizon of 2020-2025. Its market value will reach USD 10.41 billion by the end of the year 2025.

Based on geography

The Asia Pacific region is leading the market with a market share of almost 38.57% of the global automated market because of the presence of a large number of manufacturers in Japan, favorable government support, and an increasing number of contract manufacturing organizations.
The North American region accounts for a market share of almost 32.85% of the total global automated microscopy market. The market size of this region is valued at USD 2.02 billion in the year 2019.
The European region accounts for a market share of almost 15% of the total global automated microscopy market. The market size of this region is valued at USD 0.92 billion in the year 2019.
The Middle East and African region account for a market share of almost 5.71% of the total global automated microscopy market. The market size of this region is valued at USD 0.35 billion in the year 2019.
The South American region accounts for a market share of almost 7.85% of the total global automated microscopy market. The market size of this region is valued at USD 0.48 billion in the year 2019.

Based on the type of product

The electron microscope segment is leading the market with a market share of almost 45.1% of the total global automated microscopy market. The market size of this segment is valued at USD 2.78 billion in the year 2019.
The optical segment accounts for a market share of 38.86% of the total global automated microscopy market. The market size of this segment is valued at USD 2.39 billion in the year 2019.
The scanning probe segment accounts for a market share of 7.2% of the total global automated microscopy market. The market size of this segment is valued at USD 0.44 billion in the year 2019.

Based on the type of the application

The life science segment is dominating the market with a market share of almost 28.33% of the total global automated microscopy market. The market size of this segment is valued at USD 1.74 billion in the year 2019.
The semi-conductors segment accounts for a market share of 23.61% of the total global automated microscopy market. The market size of this segment is valued at USD 1.45 billion in the year 2019.
The material science segment accounts for a market share of 23.33% of the total global automated microscopy market. The market size of this segment is valued at USD 1.44 billion in the year 2019.
The nanotechnology segment accounts for a market share of 13.61% of the total global automated microscopy market. The market size of this segment is valued at USD 0.84 billion in the year 2019.

Based on the type of end-users

The biotechnological companies are dominating the market with a market share of almost 38.88% of the global automated microscopy market. The market size of this segment is valued at USD 2.4 billion in the year 2019.
The hospital segment accounts for a market share of 27.77% of the total global automated microscopy market. The market size of this segment is valued at USD 1.71 billion in the year 2019.
The diagnostic laboratories segment accounts for a market share of 22.22% of the total global automated microscopy market. The market size of this segment is valued at USD 1.37 billion in the year 2019.
The research centers segment accounts for a market share of almost 11.11% of the total global automated microscopy market. The market size of this segment is valued at USD 0.68 billion in the year 2019.

Market Outlook

The global automated microscopy market is expected to grow at the CAGR of 9.1% within the forecasted time horizon of 2020-2025 because of the rising number of biotechnological companies, rising extend of emerging infectious disease, provision of incentives and training programs for automation technology, growing nanotechnology, and regenerative medicine market, and increasing investment in research and development activities.

Its market value will reach USD 10.41 billion by the year 2025.

Technology Roadmap

Innovation and advancement in technological development are widening the scope for the growth and development of the automated microscope.

Technological changes such as the use of 3D imaging, laser scanning, multichannel fluorescence imaging, automatic magnification recognition, Confocal microscope, etc are occurred in this automated microscope market driving the growth and development of its market.

Distribution Chain Analysis

The key stakeholders involved in the operation of this global automated microscopy market are product manufacturers, intelligent imaging software developers, distributors, retail & online sales, and end-users.

At first, the components of the automated microscope are manufactured, assembled and software applications are developed to bring the automation in the product.

The assembled automated microscopes are available through the retail and online stores to the biotechnological companies, hospitals, diagnostic laboratories, and research centers.

Competitive Factors

The key market players engaged in this global automated microscopy market are focused on the development of the technologically advanced microscope with the multifunctional features and high level of reliability and accuracy.

Along with this, they are competing for the reduction of the development and maintenance cost of the automated microscopy.

Key Market Players

The key market players of the global automated microscopy market are Hitachi High Technologies, Asylum Research, Agilent Technologies, Bruker Corporation, Carl Zeiss India Private Limited, Nikon Corporation, Olympus Corporation, and Fei company. Short profile of these key market players engaged in this automated microscopy market are discussed as follows:

Hitachi High technologies: It is the Japanese company engaged in nanotechnology solutions, analytical & medical solutions, and industrial solutions. It is operating in almost 26 countries globally and the revenue of this company is valued at USD 6.48 billion in the year 2019.

Asylum Research: It is a leading manufacturing company engaged in the manufacturing and supply of atomic force microscopy instruments and solutions for academic and industrial research and development activities.

Agilent Technologies: It is the US-based manufacturing company engaged in the sector of public research, development, and manufacture of the analytical laboratory instrument. The revenue of this company is valued at USD 5.16 billion in the year 2019.

Bruker Corporation: It is the Americancompany engaged in the manufacture of the instruments for the molecular & materials research, industrial and applied analysis. The revenue of this company is valued at USD 1.77 billion.

Nikon Corporation: it is the multinational company engaged in the manufacture of the optics and imaging products with its headquarter in Tokyo, Japan. The revenue of this company is valued at USD 6.61 billion in the year 2019.

Olympus Corporation: It is a Japanese company specialized in the manufacture of microscopes, thermometers, and other optics and reprography products since 1919.

Strategic Conclusion

The global automated microscopy market is growing at the rate of 9.1% because of the rising number of biotechnological companies, rising extend of emerging infectious disease, provision of incentives and training programs for automation technology, growing nanotechnology, and regenerative medicine market, and increasing investment in research and development activities.

However, the high cost of the automated microscope and the issue of the radiation leakage from the electron microscope might restrain the growth and development of the global automated microscopy market. So, the market players must be focused on the reduction of the cost of the devices of the automated microscopy.

References

Appendix

USD= United States Dollar
CAGR= Compound Annual Growth Rate