Enjoy complimentary customisation on priority with our Enterprise License!
The Automated Microscopy Market size is estimated to grow by USD 1,373.9 million at a CAGR of 9.11% between 2022 and 2027.
The increasing volume of clinical and diagnostic testing has significantly strained the capability of life sciences laboratories and their staff. Manually operated laboratory instruments have become labor-intensive, time-consuming, and expensive. Thus, several market players are manufacturing life sciences instruments and are increasingly adopting these solutions comprising high throughput machines integrated with automated sample collection and analysis techniques. These techniques have enabled the provision of rapid and high-precision results. Furthermore, automation has also facilitated an increase in production and a reduction in test time without compromising the quality and purity standards. As a result, it has fuelled laboratory infrastructure upgrades, such as the adoption of advanced and automated instruments such as analyzers and sample processors. Hence, it is positively impacting the market.
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
To learn more about this report, Request Free Sample
The optical microscopes segment is estimated to witness significant growth during the forecast period. Optical microscopy can be referred to as a technique through which a microscope utilizes visible light and lenses for magnifying images. This is a technique that is integrated with automation. As these optical microscopes enable the automatic changing of observation conditions and provide diverse motorized accessories, their application has expanded. These microscopes are integrated with mass-manufactured components including light-emitting diodes, optical disk drives, web cameras, and microcontrollers.
Get a glance at the market contribution of various segments View a PDF Sample
The optical microscopes segment was the largest segment and was valued at USD 855.94 million in 2017. Some of the main types of microscopes under automated optical microscopy include confocal, digital, stereo, and fluorescence. The main feature of confocal optical microscopes have a superior resolution; they can control the depth of a field and reduce or eliminate background information away from the focal plane. On the other hand, digital optical microscopes capture digital images with cameras for examining samples and directly show the output image on the computer screen. Optical technology-based products are extensively used in research institutes for cellular and subcellular imaging. The growing number of research institutions/facilities across the world is boosting the demand. Hence, such factors will drive the segment in the global market during the forecast period.
Automated microscopy products offer different benefits to hospitals and clinics across multiple levels and roles, including enhanced patient care and satisfaction, improved operations at POC (Point of care), and facilitating cost savings by strengthening the operational bottom line. factors such as growing cases of chronic diseases and the presence of skilled professionals fuel the growth of this segment. Chronic diseases including cardiac diseases, diabetes, and colorectal cancer and the availability of skilled medical professionals who can accurately diagnose the medical condition using different types of rapid diagnostics devices fueled the growth of the global market. Hence, such factors are fuelling the growth of this segment which in turn will drive the market during the forecast period.
The presence of many clinical diagnostics laboratories across the world and few reference laboratories that work with hospitals and clinics fuelled the demand for rapid diagnostic products. Few clinical diagnostic laboratories work in collaboration with large hospitals, which may often need rapid diagnostics test results for its patient pool, therefore, these collaborations lead to cost-effective laboratory testing, which enables attracting more end-users and thereby creating opportunities for market. These laboratories are capable of performing different clinical and diagnostic tests to identify specific medical conditions. Rapid diagnostics are increasingly adopted in these laboratory setups as rapid diagnostics offer quick and accurate results, which can immediately be utilized to manage different chronic and infectious medical conditions. Hence, such factors are fuelling the growth of this segment which in turn will drive the market during the forecast period.
For more insights about the market share of various regions View PDF Sample now!
North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. One of the main contributors to the growth of the market in North America is the US due to the strong presence of several industries. Harvard University, the US National Institutes of Health (NIH), Stanford University, Massachusetts Institute of Technology, the University of California, Yale University, and the University of Pennsylvania are some of the main contributors to research in life sciences in the US.
In addition, several laboratories in the US are profoundly regulated by the government. Moreover, the life sciences sector in Canada is a major contributor to the innovative economy of the country and is among the fastest-growing industries in Canada. The country comprises a large network of research laboratories, hospitals, universities, and companies. Hence, such factors are driving the market in the region during the forecast period.
Buy Now Full Report and Discover More
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Agilent Technologies Inc: The company offers BioTek lionheart FX automated microscope and BioTek lionheart LX automated microscope.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the market growth is the improvement in healthcare and IT infrastructure in emerging economies. Several low and mid-income countries are still struggling to offer easy access to healthcare facilities to their citizens. In addition, The WHO and other international agencies are partnering with several national governments to offer improved healthcare infrastructure.
Moreover, several companies are increasingly investing and targeting emerging opportunities in developing economies. For instance, in Asian countries, the increasing development of healthcare infrastructure is facilitating a favorable environment for life sciences services companies to flourish in the region. Therefore, factors such as the improving infrastructure as well as the development of healthcare and IT infrastructure in developing countries will drive the market growth during the forecast period.
A key factor shaping the market growth is the rise in clinical trials in developing nations. Clinical trials are vital for discovering new drugs, therapies, and treatments for diseases. In addition, they are also essential for finding new ways of diagnosis, disease detection, and disease management. There has been an increase in the number of clinical trials across Asia.
Moreover, several factors including high patient population, friendly market reforms, and enhanced market access have contributed to the rise in the number of clinical trials in the region. In addition, different market players in the pharmaceutical industry are entering strategic alliances for drug discovery and development. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
The high cost of laboratory instruments is one of the key challenges hindering market growth. The frequent innovation to add more features to existing instruments has increased the prices of the equipment, which has become a challenge for life sciences tools and service providers as pharmaceutical and biotechnology companies have started to keep a check on their R&D expenses.
Moreover, life sciences companies cannot minimize the prices of instruments to increase their market penetration as this will impact their profit margins and affect the development of new products in the future. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
Buy Now Full Report and Discover More
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is driven by advancements in image acquisition and digital imaging systems, revolutionizing drug discovery and disease diagnosis in pharmaceutical and cell biology fields. Automation features such as motorized stages and focus controllers enhance efficiency in high-throughput screening and genomics research.
Key players compete in the market, launching innovative products like the JPK NanoWizard V BioAFM and Thermo Scientific Arctis Cryo-Plasma Focused Ion Beam to meet end-user needs in LAMEA regions. Artificial intelligence and machine learning drive market growth, offering new insights into disease diagnosis and cell biology. Stakeholders analyze the market through Porter's Five Forces Analysis to identify market opportunities and devise market growth strategies. The market is poised for growth, with significant revenue contribution from automated microscopy in various market segments, showcasing its pivotal role in advancing scientific research and innovation.
Automated Microscopy Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.11% |
Market growth 2023-2027 |
USD 1,373.9 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.6 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, Germany, France, and China |
Competitive landscape |
Leading companiess, Market Positioning of companiess, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., Anton Paar GmbH, Bruker Corp., Carl Zeiss AG, Danaher Corp., Hitachi Ltd., HORIBA Ltd., JEOL Ltd., Nikon Corp., Olympus Corp., Oxford Instruments plc, PAMAS PARTIKELMESS UND ANALYSESYSTEME GMBH, Prior Scientific Instruments Ltd., PVA TePla AG, Semilab Semiconductor Physics Laboratory Co. Ltd., Shimadzu Corp., Thermo Fisher Scientific Inc., Tibidabo Scientific Industries Ltd., Zaber Technologies Inc., and Verder International BV |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.