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The global two-photon laser scanning confocal microscope market size is estimated to grow by USD 282.95 million, at a CAGR of 5.59% between 2023 and 2028.
The surge in technological advancements and the growing emphasis on in-depth analysis in various research fields, including physiology, neurobiology, and tissue engineering, have resulted in an upswing in research projects and studies employing microscopy devices. The substantial global funding allocated to such projects has prompted universities to enhance their microscopy facilities, leading to increased adoption of two-photon laser scanning confocal microscopes. Additionally, cross-country collaborations have further fueled the demand for two-photon laser scanning confocal microscopes, as funding initiatives extend globally. The heightened support for microscopy projects aiming to enhance diagnostic analysis is poised to drive substantial market growth during the forecast period.
Technavio has segmented the market into End-user, Product, and Geography
It also includes an in-depth analysis of drivers, market trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the pharmaceutical and biotechnology (PB) segment will be significant during the forecast period. PB companies generate the highest revenue in the global market due to the expanding scope of research in cancer and other diseases by companies needing increased investments in drug discovery. The confocal microscopes are used in the drug discovery process for target identification to identify and localize individual cell elements.
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The pharmaceutical and biotechnology (PB) was the largest and was valued at USD 373.76 million in 2018. The can be applied as a part of cellular imaging systems used in drug discovery and toxicology screening. Cellular imaging systems are used for creating 3D organotypic culture models such as organoids and multicellular tumour spheroids. Such models are useful for cancer drug discovery. The presence of pharmaceutical companies is increasing in emerging countries. The underpenetrated markets in APAC and South America provide several opportunities for leading companies in North America and Europe. Thus, the demand for novel drug targets and significant R&D expenditure by the pharmaceutical industry will drive the use in the PB segment, thereby contributing to the growth of the market during the forecast period.
Laser scanning confocal microscopes systems combine high-resolution optical imaging with depth selectivity to assist optical sectioning. Researchers can view visual sections of tiny structures that would be difficult to physically section (for instance, embryos) and construct 3D structures from the obtained images. Laser scanning confocal microscopes provide better detailing than traditional fluorescent microscopes. For instance, thick sections of samples in traditional widefield fluorescence exhibit a large amount of glare from fluorescent structures above and below the focal plane. However, in the case of laser scanning confocal microscopes, the thick section reveals a significant degree of structural details. Further, these microscopes provide a highly striated topography in confocal microscopy. Such factors, along with growing research adoption by academic and research institutions for life science research, are expected to drive the growth of the laser scanning confocal microscopes segment of the market during the forecast period.
Multiphoton laser confocal microscopes provide 3D optical sectioning similar to the effect achieved with confocal microscopy. However, as it is less damaging than confocal imaging, it is ideal for imaging living specimens, especially when deep imaging is required. Furthermore, multiphoton laser scanning confocal microscopes assist in scanning the soft tissue structure for 3D printing, which is a technique for individualized printing materials in the field of biological medicine, especially tissue-engineered materials. It is essential to scan the structure of the natural biological tissue before printing and then construct the 3D printing digital model by optimizing the scanned data. Thus, multiphoton laser scanning confocal microscopes help in the application of soft tissue fine structure 3D scanning. Such factors and the growing adoption of 3D printing for tissue scanning are expected to drive the growth of the multiphoton laser confocal microscopes segment of the market during the forecast period.
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Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers will shape the market during the forecast period. North America is the largest revenue contributor to the global market owing to the availability of advanced technology and infrastructure support present throughout the region. Governments of different countries focus on improving the healthcare structure in the region. This, in turn, increases the demand for the healthcare industry as they are crucial for drug discovery research in cancer, neuroscience, and other disciplines. The US and Canada are the key leading countries in North America offering high market growth analysis opportunities because microscopy research is expanding in academic institutions.
In addition, the presence of key vendors also drives the growth of this market segment. The US is home to some of the key companies in the market. This aids efficient supply chain management, leading to the timely availability of the end-users in the market, which leads to the high adoption of these devices. Such initiatives are likely to propel their research initiatives and hence, increase the demand for which, in turn, is anticipated to drive the growth of the regional market during the forecast period.
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:
Bruker Corp. - The company offers such as Ultima 2Pplus which delivers an ideal combination of flexibility, resolution, imaging depth, and speed, allowing users to perform simultaneous imaging, stimulation, and electrophysiology protocols with greater efficiency and effectivity.
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 2023 as the base year, along with the key drivers, trends, and challenges.
The increase in applications in life science research is notably driving the market growth. The increasing number of life science research projects dedicated to diagnosing various diseases has fueled the demand for confocal microscopes. These microscopes play a crucial role in imaging living specimens for in-vivo and in-vitro studies, contributing to the identification of novel diagnostic tools for cancer and neurological disorders. Intravital microscopy, a technique employed to observe biological processes in live animals at high resolution, enables scientists to study interactions between oncolytic viruses and tumors.
Additionally, these microscopes facilitate high-resolution visualization of intact neural tissues, aiding in the understanding and accurate diagnosis of central nervous system disorders. The diverse applications of microscopes in diagnostic research across various diseases underscore their growing significance in the market during the forecast period.
Increasing product launches and acquisitions by market vendors is an emerging trend shaping the market market growth and trends. Vendors are opting for business strategies, such as mergers and acquisitions with end-users and medical companies, to improve their distribution channels and upgrade their product portfolios. For instance, in April 2022, Carl Zeiss AG acquired Kogent Surgical, LLC and Katalyst Surgical, LLC, manufacturers of surgical instruments. The acquisition will further strengthen its positioning as a solution provider in the market.
Moreover, new product launches help companies strengthen their product offerings and enhance diversification in supporting the end-users. For instance, in March 2023, Olympus Corp. launched VISERA Elite III surgical visualization platform endoscopy system compatible with infrared and 3D observation functions. Such developments are expected to propel the growth of the market during the forecast period.
The low frequency of repurchase of two-photon laser scanning confocal microscopes is a significant challenge hindering market development. The instrument can perform effectively with minimal maintenance during its useful life and provide accurate results. With the relatively long life and high price, the chances of repurchase are reduced considerably from the customers side. Furthermore, the services provided by the manufacturers and dealers are also limited to assembly, which, in turn, reduces the interaction between the seller and the customer, confining the sale of to a one-time business transaction.
However, with the increasing level of innovation with respect to a product feature, digitization, and accessories, these instruments get outdated faster; hence, end-users are forced to upgrade to a new instrument, which reduces the frequency of repurchases. This can negatively affect the revenue generation in the global market, which, in turn, can hinder the market growth and forecasting during the market forecast period.
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 market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market research and growth strategies.
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 2018 to 2028.
Two-photon Laser Scanning Confocal Microscope Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Market forecasting period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
Market Growth 2024-2028 |
USD 282.95 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.75 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Europe at 34% |
Key countries |
US, Canada, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., Bruker Corp., Carl Zeiss AG, Danaher Corp., Femtonics Ltd., Intelligent Imaging Innovations Inc., Judges Scientific plc, Keyence Corp., Miltenyi Biotec B.V. and Co. KG, Nikon Corp., Olympus Corp., Oxford Instruments plc, PerkinElmer Inc, PicoQuant, SickKids, Sutter Instrument Co., Thermo Fisher Scientific Inc., Thorlabs Inc., VIM Technology Corp., and MICRO EPSILON India Pvt Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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