Microscope Digital Cameras Market to Exhibit Healthy Growth during the Forecast Period from 2018 to 2026
The global microscope digital cameras market accounted for a value of US$ 484.8 Mn in 2017 and expected to attain US$ 1,098.9 Mn by 2026. Worldwide increasing high-end science- and research applications coupled with rising demand from hospitals & clinics, research & academic institutes, pharmaceutical & biotechnology companies, and various advantages offered by digital microscope over conventional microscope are the factors majorly driving the market growth. Digital Cameras are exclusively designed for microscopes and become indispensable options currently. Microscope digital cameras enable users to visualize a live image from the microscope directly on a computer or LCD projector.
Perpetual growth in funding and investment in biotechnology & pharmaceutical R&D is likely to fuel the demand for microscope digital cameras. Governments and private organizations of several countries have increasingly become aware of the benefits associated with biotechnology and the potential in regenerative medicine, drug discovery, and development. Therefore, propelled by the desire for new medical breakthroughs and innovation, the biotechnology industry has continued to witness substantial growth due to increased R&D investment. As reported in the BDO Biotech Briefing 2017, in the U.S. the average R&D spending across the mid-market biotechnology companies increased by 18.0% from average of US$ 65.9 Mn (2015) to US$ 80.6 Mn (2016). Small biotech companies (revenue less than US$ 50.0 Mn) increased R&D investment by 24.0%, and 20.0% growth was witnessed in large biotech companies.
Rising applications of microscope digital cameras among end-users such as hospitals & clinics, research & academic institutes, pharmaceutical & biotechnology companies, and in biomedical and pharmaceutical engineering (BPE) for a fast visual inspection & analysis of samples are assisting in the market growth.
Digital microscopes are cost-effective as compared to the conventional optical microscope. The prices are based on the type of connection, software, and technology used. These microscopes provide better nature of the work (low setup time, easier and safe handling of equipment & sample) and image quality.
Market Synopsis
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The Biological Microscope Camera Segment led the Market in 2017
The microscope digital cameras are mostly used to visualize and analyze biological activities under the digital microscope by hospitals & clinics, research & academic institutes which is supporting the dominance of biological microscope cameras. The biological microscope cameras are used to view and analyze specimens such as blood cells, bacteria, protozoans, skin cells, pond water, dust particles, and prepared slides.
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Based on Sensor Type, CCD Segment forecast to Command the Market between 2018 and 2026
Among sensor type, the CCD (Charge-coupled Device) segment is expected to lead the market as CCD sensors create high-quality, low-noise images as compared to CMOS (complementary metal-oxide semiconductor). In addition, CCD sensors provide superior images with the fabrication technology, and they have been mass produced & used for a longer period, hence they are more mature.
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Based on Mount Type, C-mount Segment forecast to lie in the Growth Phase of Product Life Cycle (PLC) from 2018 to 2026
On the basis of mount type, the C-mount segment would register phenomenal CAGR and retain its status quo during the forecast period as it is mostly used type of lens mount in machine vision applications and have very wide-ranging lenses & accessories.
Research & Academic Institutes Segment Contributes Maximum to the Overall Growth of Microscope Digital Cameras Market
Research & academic institutes demonstrated higher market valuation among end-users due to burgeoning research laboratories and academic institutes, rising funding/investment for life science research, and increasing research activities in these institutes.
North America Holds Dominant Position due to Larger Adoption of Microscope Digital Cameras
North America held the highest market share in 2017 due to the presence of major market players and research & development (R&D) institutes coupled with a surge in the number of the research activities, and continuous rising demand from research, education, and industry.
The Presence of Multinational Market Participants Makes Market Penetration Challenging for New Entrants
Major players in this space are Olympus Corporation; Nikon Corporation; Hamamatsu Photonics K.K.; Roper Technologies, Inc.; Carl Zeiss AG; BMS Microscopes b.v.; HIROX Co., Ltd.; KEYENCE CORPORATION; Leica Microsystems; and Vision Engineering Ltd. These market leaders are implementing organic & inorganic growth strategies including mergers & acquisitions, new product launches, partnerships, collaborations in order to gain a competitive advantage. New market entrants are facing tough competition from multinational giants as they struggle with technological developments or innovations, quality issues, product reliability, and post-sale services. In November 2016, Olympus Corporation launched DP74 microscope digital camera internationally. The microscope digital cameras can be used on biological & industrial microscopes to capture and record images to view on the monitor.
Historical & Forecast Period
This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.
Report Scope by Segments
Microscope digital cameras market covers qualitative analysis of current market dynamics & quantitative analysis of the global market. The report entails all-inclusive information of global microscope digital cameras market by segmenting the market on the basis of product, sensor type, mount type, end-user, and geography. This report will guide industry investors & associations, medical device industry participants, venture capitalists, research & consulting firms, and healthcare professionals (HCPs) in decision-making and strategize the market position.
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
Product Segment (2016-2026; US$ Mn)
• Biological Microscope Camera
o Automated Microscope Camera
o Manual Microscope Camera
• Industrial Microscope Camera
o Automated Microscope Camera
o Manual Microscope Camera
|
|
Sensor Type Segment (2016–2026; US$ Mn)
• CMOS (Complementary Metal-oxide Semiconductor)
o Cooled
o Non-cooled
• CCD (Charge-coupled Device)
o Cooled
o Non-cooled
|
|
Mount Type Segment (2016–2026; US$ Mn)
• C-mount
• Eyepiece Mount/Ocular Mount
|
|
End-user Segment (2016–2026; US$ Mn)
• Hospitals & Clinics
• Research & Academic Institutes
• Pharmaceutical & Biotechnology Companies
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (United States and Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (China, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (GCC, Rest of MEA)
|
The current report also incorporates qualitative analysis of market variables such as key market drivers, restraints, opportunities, and trends that deliver better market information of the entire microscope digital cameras. In addition, the report also comprises a graphical representation of competitive landscape on the basis of their market initiatives & strategies, product portfolio, financial information, and key developments. Major market participants profiled in the study report are Olympus Corporation; Nikon Corporation; Hamamatsu Photonics K.K.; Roper Technologies, Inc.; Carl Zeiss AG; BMS Microscopes b.v.; HIROX Co., Ltd.; KEYENCE CORPORATION; Leica Microsystems; and Vision Engineering Ltd.
Key questions answered in this report
- What are the current market trends and dynamics in the microscope digital cameras market and valuable opportunities for emerging players?
- Which product contributes to the maximum market share?
- Which product accounts for the fastest CAGR during the forecast period?
- Which sensor type held the major market share in 2017?
- Which sensor type would be the fastest segment during the forecast period?
- Which mount type held the major market share in 2017?
- Which mount type would be the fastest segment during the forecast period?
- Which end-user holds a larger market share and why?
- What is the impact of high cost microscope digital cameras on the market?
- Are low and middle-income economies investing in the microscope digital cameras?
- What is the market trend and dynamics in emerging markets such as Latin America, and Middle East & Africa?
