Microscope Digital Cameras Market to Exhibit Healthy Growth from 2018 to 2026
In 2017, the global market for microscope digital cameras was valued at US$ 484.8 million, and it is expected to reach US$ 1,098.9 million by 2026. The factors driving the market's growth are increasing high-end science and research applications, rising demand from hospitals and clinics, research and academic institutes, pharmaceutical and biotechnology companies, and the various advantages offered by a digital microscope over a conventional microscope. Digital cameras are specifically designed for microscopes and have quickly become indispensable tools. 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 and pharmaceutical R&D is likely to fuel the demand for digital microscope cameras. Several countries' governments and private organizations are becoming more aware of the benefits of biotechnology and its potential in regenerative medicine, drug discovery, and drug 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. According to the BDO Biotech Briefing 2017, the average R&D spending across mid-market biotechnology companies in the United States increased by 18.0% from an average of US$ 65.9 million (2015) to US$ 80.6 million (2016). Small biotech companies (revenue less than US$ 50.0 million) increased R&D investment by 24.0%, while large biotech companies increased R&D investment by 20.0%.
The increasing use of microscope digital cameras by end-users such as hospitals and clinics, research and academic institutes, pharmaceutical and biotechnology companies, and biomedical and pharmaceutical engineering (BPE) for fast visual inspection and analysis of samples is assisting in the market's growth.
Digital microscopes are more cost-effective than conventional optical microscopes. The prices are based on the type of connection, software, and technology used. These microscopes improve the nature of the work (faster setup, easier and safer handling of equipment and samples, and higher image quality).
Market Synopsis
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, and research and academic institutes, which supports 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.
Based on sensor type, the CCD segment forecast will command the market between 2018 and 2026.
Among sensor types, 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 fabrication technology, and they have been mass-produced and used for a longer period. Hence they are more mature.
Based on the mount type, the C-mount segment is forecast to lie in the growth phase of the product life cycle (PLC) from 2018 to 2026.
The C-mount segment, which is the most commonly used type of lens mount in machine vision applications and has a wide range of lenses and accessories, would register a phenomenal CAGR and maintain its status quo during the forecast period.
The Research & Academic Institutes Segment Contributes Most to the Overall Growth of the Microscope Digital Cameras Market
Research and academic institutes demonstrated a higher market valuation among end-users due to burgeoning research laboratories and academic institutes, rising funding and investment for life science research, and increasing research activities in these institutes.
North America holds the dominant position due to the larger adoption of digital microscope cameras.
North America held the highest market share in 2017 due to the presence of major market players and research and development (R&D) institutes, a surge in the number of research activities, and continuously 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 and inorganic growth strategies, including mergers and acquisitions, new product launches, partnerships, and 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 the DP74 microscope digital camera internationally. Microscope digital cameras can be used on biological and industrial microscopes to capture and record images to view on the monitor.
Historical & Forecast Period
This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026.
Report Scope by Segments
The market for digital microscope cameras includes both qualitative and quantitative analysis of current market dynamics. The report entails all-inclusive information on the 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 assist industry investors and associations, medical device industry participants, venture capitalists, research and consulting firms, and healthcare professionals (HCPs) in making business decisions and strategizing market positions.
The current report also incorporates qualitative analysis of market variables such as key market drivers, restraints, opportunities, and trends that deliver better market information for the entire microscope digital camera market. In addition, the report also comprises a graphical representation of the competitive landscape on the basis of their market initiatives and 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 market for microscope digital cameras, and what are the 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 have the fastest segment during the forecast period?
Which mount type held the major market share in 2017?
Which mount type would have 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 digital cameras with microscopes?
What are the market trends and dynamics in emerging markets such as Latin America, the Middle East, and Africa?
Frequently Asked Question:
The market for Microscope Digital Cameras Market is expected to reach USD$ 1,098.9 Mn in 2026.
The Microscope Digital Cameras Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
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. are some of the major players in the global market.
