Projected Revenue Surge:
The global microscope software market size is projected to reach USD 1,021 million by 2025 from USD 567 million in 2020, at a CAGR of 12.5% between 2020 and 2025.
Major Growth Boosting Factors:
The growing availability of funding & support for R&D in the area of microscopy, a broad application base (since microscopes are used widely in a range of fields, such as semiconductor, life science/healthcare, aerospace, and material sciences), technological advancements in microscopes & microscope software, and the emergence of new application areas is driving market growth.
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Overview:
This market research study involved the extensive use of secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and financial analysis of the global microscope software market.
In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess market prospects.
The size of the microscope software market was estimated through various secondary research approaches and triangulated with inputs from primary research to arrive at the final market size.
Optical Microscopes to dominate the microscope software market in 2019
Based on the type of microscope, the microscope software market is segmented into optical microscopes, electron microscopes, Raman microscopes, and other microscopes. The optical microscopes segment is expected to dominate the microscope software market during the forecast period. This is attributed to factors such as the wide availability of advanced optical microscopy instruments and techniques. Also, the low cost of optical microscope software is contributing to the growth of this market segment.
The healthcare industry accounted for the largest share of the microscope software market, by application, in 2019
The microscope software available in the market are based on five major applications—semiconductors, healthcare, automotive, aerospace, and other industries. The healthcare industry segment is expected to dominate the microscope software market in 2019. This is attributed to the wide use of microscopes and microscope software in various applications, such as biological research, medicine, cancer research & drug testing, increasing research investments, and government initiatives to encourage research & development in life sciences. This segment further witnessed the highest growth in the microscope software market in 2019.
Asia Pacific (APAC) is the largest regional market for microscope software in 2019
Asia Pacific (comprising Japan, China, India, and the Rest of Asia Pacific) accounted for the largest share of the global market, followed by North America. Factors such as the significant R&D budgets, wide availability of advanced microscopy software offered by market leaders, growing focus on nanotechnology, and the presence of a large number of major research institutes and universities in the region are driving the growth of the microscope software market in the Asia Pacific. Emerging markets such as China, India, Brazil, and countries in the Middle East are expected to offer significant growth opportunities for market players in the coming years, primarily due to the rising R&D funding for microscopy.
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Key Players:
Prominent players in the market are Danaher Corporation (US), Carl Zeiss AG (Germany), Oxford Instruments plc (UK), Nikon Corporation (Japan), Olympus Corporation (Japan), Thermo Fisher Scientific (US), Hitachi High-Tech Corporation (Japan), JEOL Ltd. (Japan), Scientific Volume Imaging B.V. (Netherlands), arivis AG (Germany), DRVISION Technologies (US), Media Cybernetics, Inc. (US), Gatan, Inc. (US), Basler AG (Germany), Nanolive SA (Switzerland), Nion Company (US), and Object Research Systems, Inc. (Canada).
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