(PRWEB) December 26, 2014

The microscopy market is estimated to grow at a CAGR of 7.2% to reach $5,756.0 million by 2019. Optical microscopy is the largest segment of the microscopy market. The electron microscopes product segment is expected to show the fastest growth during the forecast period.

Rising focus on nanotechnology, technological advancements, and increasing federal support to drive growth of the microscopy market.

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Developing markets such as the Middle East, Brazil, Argentina, Mexico, China, and India are lucrative markets for microscopy, owing to favorable government incentives and corporate funding.

The report segments the global microscopy market by product, application, end user, and geography. The optical microscopy segment accounted for the largest share of the global microscopy market, by product. However, the electron microscopes segment is expected to grow at the highest CAGR in the forecast period. Super-resolution microscopes are the key playing field in the microscopy product market, owing to ongoing technological advancements in this segment.

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On the basis of applications, the microscopy market is categorized into semiconductors, life sciences, nanotechnology, and material science. Nanotechnology is expected to be the new revenue pocket in the application market. Rising focus on nanotechnology, favourable government and corporate funding, and technological advancements are propelling the growth of these segments.

Academic institutes are the major end user of the microscopy market, followed by industries. The large share of this segment can be attributed to increase in research activities and favourable government funding.

New and innovative product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.

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Microscopy Market Hit to $5,756.0 Million by 2019 - New Research Report by MarketsandMarkets