Tuesday, March 29, 2022

Microscope Software Market worth $1,021 million by 2025

 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.

Download PDF Brochure@ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89006739

Future Growth Boosting Factors:

The growth of the global microscope software market is largely driven by the growing availability of funding and support for R&D in the area of microscopy, a broad application base (since microscopes are widely used in a range of fields, such as semiconductor, life science/healthcare, aerospace, and material sciences), technological advancements in microscopes and microscope software, and the emergence of new application area.

COVID-19 Impact On The Global Microscope Software Market

The COVID-19 outbreak has disrupted business and economic activities globally but is expected to aid the microscope software market for the healthcare and semiconductor industries. However, the automobile and aerospace markets for microscopic software will see negative impacts.

Semiconductors have a wide range of applications, including automobile, aerospace, medical devices, life sciences, and healthcare. As a result, demand for microscopy software solutions can be expected to grow, or perhaps stabilize—especially given the use of semiconductors in healthcare. Other contributing factors include the rising focus on computing & storage, strong demand in consumer smart home categories, increasing use of IoT for digitalization, and the need for strengthening network & communications.

Expected Revenue Growth

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.

Restraint: High cost of microscopes and software subscription

Owing to technological advancements, there has been a shift in the usage patterns of microscopes. Conventional microscopes are gradually losing their market to high-end microscopes such as electron microscopes, scanning probe microscopes, and digital microscopes due to their advanced features, higher resolution, and magnification power. However, these microscopes cost between USD 25,000 to USD 2 million, which is a major factor limiting their adoption in hospitals, pathological laboratories, and small-scale industries.

Challenge: Availability of open-source microscopy software

The availability of open-source software is an important challenge for this market. Any programmer with access to the software can inspect and improve that program or, if required, can fix any issues as needed. In contrast, most software solutions available in the market are closed-source and proprietary—and, more importantly, expensive where open-source software is usually free. Some open-source confocal microscopy analysis solutions—available freely—are ImageJ/FIJI, Cell Profiler/Cell Analyst, Neuronstudio, Volume Integration and Alignment System (VIAS), and L-measure. Most small-scale end-users, academic institutes, and research centers show a high preference for open-source solutions, which directly hampers end-user demand for licensed closed-source software.

Opportunity: Emerging Markets

Developing countries, including BRIC, offer significant growth opportunities for players in the microscope software market. Government funding for R&D in advanced microscopes and software has increased considerably in these countries. Due to the low manufacturing cost and higher production volumes, these countries will further require advanced microscopes along with enhanced software to compete in the international market. The growth of their life sciences, semiconductor, and automotive industries will also support their demand for microscopes and software.

Request Sample Pages@ 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=89006739

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).

No comments:

Post a Comment