Digital Microscope Market 2022-2030 Global Industry Growth Opportunities, Share Estimation, Strategy, Benefits, Demand, Analysis and Regional Forecast

Kenneth Research, in its repository of market research reports, have recently added a report on Digital Microscope Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Digital Microscope Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Digital Microscope Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Digital Microscope Market is valued approximately at USD 388.05 million in 2019 and is anticipated to grow with a growth rate of more than 2.74% over the forecast period 2020-2026. Digital microscope is an advanced microscope, integrated with digital cameras, high quality image sensors, rechargeable batteries, and also has storage options for saving the images. The key benefit of digital microscope is that the image of an object can be seen clearly and instantly. Digital microscopes are extensively utilized in different end use industries such as scientific research, cosmetology, biomedicine, and other industry. In the life science industry, it is used to study the biomolecules, cell, their functioning and microstructure thus plays a crucial role in the pharmaceutical and biomedicine industry. These digital microscopes are also utilized in the labs of the healthcare centers to observe specimen taken from patients which further increases the level of success of the treatment and the skills of the medical professionals. Hence, growing government investment towards life science research and development is contributing towards market growth of digital microscopes. According to the National Institutes of Health, the institute had a budget of approx. $1.495 billion to promote project on stem cell researches in 2015 that significantly increased to about $1.912 billion in 2019, covering a wide range of field from cell biology and culture. Similarly, in 2018, California government also provided $45 million funding for supporting and investigating early stage research for exploring new stem cell treatments and technologies. Furthermore, the rising applications of these digital microscopes across multiple domains such as electronics, automotive, inspection, metallurgy and more provides an opportunistic market for Digital Microscopes. However, lack of trained professionals impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Digital Microscope market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growth in the pharmaceutical research and development expenditure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as increasing government spending in research and development, increasing application of the microscopy in nano technology research and life sciences, increasing automotive production along with growing textile industry would create lucrative growth prospects for the Digital Microscope market across Asia-Pacific region.

Major market player included in this report are:
Olympus Corporation
Celestron LLC
Leica Microsystems
Carl Zeiss AG
Nikon Corporation
Keyence Corporation
Jeol, Ltd.
Hirox Corporation
Danaher Corporation
Tagarno A/S

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Desktop Digital Microscope
Portable Digital Microscope
Wireless digital microscope
Others

By Application:
Scientific research
Biomedicine
Cosmetology
Others

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Digital Microscope Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)
1.2.1. Digital Microscope Market, by Region, 2018-2026 (USD Million)
1.2.2. Digital Microscope Market, by Product Type, 2018-2026 (USD Million)
1.2.3. Digital Microscope Market, by Application, 2018-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital Microscope Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital Microscope Market Dynamics
3.1. Digital Microscope Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Digital Microscope Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Digital Microscope Market, by Product Type
5.1. Market Snapshot
5.2. Global Digital Microscope Market by Product Type, Performance – Potential Analysis
5.3. Global Digital Microscope Market Estimates & Forecasts by Product Type 2016-2026 (USD Million)
5.4. Digital Microscope Market, Sub Segment Analysis
5.4.1. Desktop Digital Microscope
5.4.2. Portable Digital Microscope
5.4.3. Wireless digital microscope
5.4.4. Others
Chapter 6. Global Digital Microscope Market, by Application
6.1. Market Snapshot
6.2. Global Digital Microscope Market by Application, Performance – Potential Analysis
6.3. Global Digital Microscope Market Estimates & Forecasts by Application 2016-2026 (USD Million)
6.4. Digital Microscope Market, Sub Segment Analysis
6.4.1. Scientific research
6.4.2. Biomedicine
6.4.3. Cosmetology
6.4.4. Others

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