The availability of cutting-edge services and the increase in market participants are expected to drive growth in the global cryo-electron microscopy market during the forecast period. Additionally, manufacturers are working on research and development projects to introduce new services. The market is growing even more as a result of the expanding research into the development of nanotechnology. However, the forecasted growth of the global cryo-electron microscopy market may be constrained by the high setup costs for electron microscopy.
According to Data Bridge Market Research, the Global Cryo-Electron Microscopy Market is growing with a CAGR of 8.7% in the forecast period of 2023 to 2030 and is expected to reach USD 1,533.08 million by 2030.
" Rise in healthcare outlays boost the market growth"
As people's disposable income has increased in various countries, healthcare spending has increased globally. Additionally, government agencies and healthcare providers are stepping up their efforts to improve healthcare spending in order to meet population needs. The increased healthcare spending also enables healthcare facilities to upgrade their capabilities for treating various diseases, which have become increasingly common in recent past. Growing healthcare spending is advantageous for expanding the economy and the healthcare sector. It is primarily fruitful because it greatly impacts the creation of better and more sophisticated therapeutic options using different medications and other treatment products. The market has more opportunities due to the rise in healthcare spending.
What restraints the growth of the Global Cryo-Electron Microscopy Market?
"A demand for skilled professionals will limit the market growth rate"
Essential compound microscopes are simple for physicists and lab technicians, but advanced microscopes require skilled personnel. Over the forecast period, the growth of the global cryo-electron microscopy market may be restrained by a lack of trained personnel who cannot use these instruments. In addition, the field's rapid technological development contributed to a shortage of skilled workers. Handling device devices in some parts of the world is extremely difficult due to a lack of skilled professionals.
Segmentation: Global Cryo-Electron Microscopy Market
The global cryo-electron microscopy market is segmented on the basis of product type, method type, nano formulations, technology, mounting technique, application, end user, and distribution channel.
- On the basis of product type, the cryo-electron microscopy market is segmented into hardware, software.
- On the basis of method type, the cryo-electron microscopy market is segmented into electron crystallography, single particle analysis, cryo-electron tomography, and others.
- On the basis of nano formulations, the cryo-electron microscopy market is segmented into lipid nanoparticle formulations (lnfs), metal oxide formulations, metal formulations, and others.
- On the basis of technology, the cryo-electron microscopy market is segmented into transmission electron microscopy (TEM), scanning electron microscopy (SEM), and nuclear magnetic resonance (NMR) microscopy.
- On the basis of mounting technique, the cryo-electron microscopy market is segmented into surface mounting, edge mounting, film emulsion mounting, rivet mounting, and others.
- On the basis of application, the cryo-electron microscopy market is segmented into biological science, material science, nanotechnology, lifesciences, medical, semiconductors, and others.
- On the basis of end user, the cryo-electron microscopy market is segmented into research laboratories and institutes, forensic and diagnostic laboratories, pharmaceutical and biotechnology companies, contract research organization, and others.
- On the basis of distribution channel, the cryo-electron microscopy market is segmented into direct tenders, third party distribution, and others.
Regional Insights: North America is expected to dominate the Global Cryo-Electron Microscopy Market
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are rapid advancements in microscopy technology, rising research and development expenditures, and the introduction of new products, the U.S. is predicted to dominate.
Asia Pacific will undergo the highest growth rate during the forecast period owing to the presence of numerous research institutes and therapeutic studies, China has the largest market for cryo-electron microscopes.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-cryo-electron-microscopy-market
Recent Developments in Global Cryo-Electron Microscopy Market
- In 2022, Thermo Fisher Scientific Inc., a global leader in providing scientific services, unveiled the Thermo Scientific Glacios 2 Cryo-Transmission Electron Microscope (Cryo-TEM), a potent microscope with new automation and high-resolution imaging features intended to aid cryo-Electron Microscopy (cryo-EM) researchers of varying experience levels in accelerating structure-based drug discovery. Customers may be able to quicken the pace of research into cancer and gene mutations, as well as research into debilitating conditions such as Alzheimer's, Parkinson's, and Huntington's diseases, with the help of sophisticated, quick, and affordable methods for drug design. The company's global market presence has grown with this.
- In 2022, A high-end scanning probe microscope (AFM*1/SPM*2) with a newly created high-sensitivity optical head that improves sensitivity when measuring physical properties and enables measurement at atomic and molecular scales has been released, according to a press release from Hitachi High-Tech Corporation. This has aided the business in expanding its global presence.
The Prominent Key Players Operating in the Global Cryo-Electron Microscopy Market Include:
- Thermo Fisher Scientific Inc. (U.S.)
- Olympus Corporation (Japan)
- OPTIKA (Italy)
- Helmut Hund Gmbh (Germany)
- Labindia Instruments (India)
- JEOL Ltd. (Japan)
- Leica Microsystems (Germany)
- KEYENCE CORPORATION. (Japan)
- ZEISS International (Germany)
- Molecular Devices, LLC. (U.S.)
- Nikon Instruments Inc. (Japan)
- Intertek Group plc (U.K.)
- Caliber Imaging & Diagnostics (U.S.)
- Lasertec Corporation (Japan)
- Thorlabs, Inc. (U.S.)
- Oxford Instruments (U.K.)
- Hamamatsu Photonics K.K. (Japan)
- NanoFocus AG (Germany)
- HORIBA, Ltd. (Japan)
- Labomed, Inc. (U.S.)
- Creative Biostructure (U.S.)
- Gatan, Inc. (U.S.)
- Hitachi High-Tech Corporation (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of cryo-electron microscopy market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cryo-Electron Microscopy Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.