Fiber Optic Microscopes is fastest growing segment fueling the growth of optical microscopes market

 

The global optical microscopes market is estimated to be valued at US$ 1,444.7 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Optical microscopes are scientific instruments that use light and a system of lenses to magnify images of small samples. They allow visualization of larger and closer views of samples that cannot be obtained by the naked eye. Optical microscopes are widely used in various fields like materials science, genetics, nanotechnology, and medical diagnostics.

Market key trends:
One of the key trends in the optical microscopes market is the growing adoption of fiber optic microscopes. Fiber optic microscopes employ optical fibers to transmit light between the light source and sample as well as between the sample and camera sensor or eyepiece. They provide advantages like compact design, flexibility in lighting configurations, and ability to view samples in narrow or difficult-to-access locations. Their applications include industrial inspection, semiconductor inspection, and biomedical research. The development of low-cost fiber optic microscopes suitable for general use in academia and research is expected to further fuel the adoption of this technology in the coming years.
Segment Analysis
The optical microscopes market is segmented by type into digital microscopes, inverted microscopes, stereomicroscopes, and other types. Among these, the digital microscopes segment dominated the market in 2022 and is expected to maintain its dominance over the forecast period. This is because digital microscopes offer better image resolution and easy documentation compared to conventional analog microscopes.

Key Takeaways
The global optical microscopes market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing demand for optical microscopes in teaching institutes and research laboratories.

Regional analysis
North America dominated the optical microscopes market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to presence of major key players and availability of various advanced microscopy techniques in the region. Asia Pacific is expected to grow at the fastest rate due to rising number of CROs and CMOs and increasing healthcare expenditure in the region.

Key players
Key players operating in the optical microscopes market are Abbott, Synergy Pharma, Mallinckrodt, Bausch Health Companies Inc., Ardelyx, Astellas Pharma Inc., Novartis AG, GSK plc., Ironwood Pharmaceuticals, Inc., and Takeda Pharmaceutical Company Limited. These companies are focusing on launching innovative and advanced microscopes to strengthen their market position.

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