Report : Middle East & Africa Microscope Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type [Optical Microscope (Confocal Microscope, Stereo Microscope, Digital Microscope, and Others), Electron Microscope (Scanning Electron Microscope and Transmission Microscope), and Others], Application (Material Science, Nanotechnology, Life Sciences, Semiconductors, and Others), and End User (Industries, Academic & Research Institutes, and Others)
At 6.3% CAGR, the Middle East & Africa microscope Market is speculated to be worth US$ 794.41 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa microscope market was valued at US$ 551.54 million in 2022 and is expected to reach US$ 794.41 million by 2028, registering a CAGR of 6.3% from 2022 to 2028. Integration of deep learning and growing range of applications of microscope are the critical factors attributed to the Middle East & Africa microscope market expansion.
Deep Learning (DL) is opening new horizons in biomedical research and promises to revolutionize the microscopy field. It is transitioning from the hands-on- experts in computer sciences to biomedical researchers. Except the use of microscopes in simple computer sciences, microscopy is also finding their novel applications in biomedical research. Microscopy with deep learning helps biomedical scientists to gain access to a deeper level of information about their cell samples/tissue samples. This can be done without the need for complex imaging techniques involving staining that are costly and time-consuming in nature. Artificial intelligence (AI) can be trained on images that have already been analyzed by a pathologist, which allows the deep learning models to learn how to classify tumors, as well as to assess the level of cancer progression. Deep learning is transforming microscopy by allowing human and super-human performances for many image analyses tasks and acts as an automated high-performance technique for big data analysis. Such factor is expected to assist the growth of the Middle East & Africa microscope market.
On the contrary, high price of advanced microscope hurdles the growth of Middle East & Africa microscope market.
Based on product type, the Middle East & Africa microscope market is segmented into optical microscope, electron microscope, and other. The electron microscope segment held 45.1% market share in 2022, amassing US$ 248.90 million. It is projected to garner US$ 368.09 million by 2028 to expand at 6.7% CAGR during 2022–2028. The optical microscope segment is further segmented into confocal microscope, stereo microscope, digital microscope, and others. Similarly, electron microscope segment is further bifurcated into scanning electron microscope and transmission microscope.
Based on application, the Middle East & Africa microscope market is segmented into material science, nanotechnology, life sciences, semiconductors, and others. The life sciences segment held 28.9% of the Middle East & Africa microscope market share in 2022, amassing US$ 159.36 million. It is projected to garner US$ 226.24 million by 2028 to expand at 6.0% CAGR during 2022–2028.
Based on end user, the Middle East & Africa microscope market is segmented into industries, academic & research institutes, and others. The industries segment held 60.8% of the Middle East & Africa microscope market share in 2022, amassing US$ 335.27 million. It is projected to garner US$ 491.26 million by 2028 to expand at 6.6% CAGR during 2022–2028.
Based on country, the Middle East & Africa microscope market has been categorized into the UAE, Saudi Arabia, South Africa, and rest of MEA. Our regional analysis states that Saudi Arabia captured 34.0% of the Middle East & Africa microscope market share in 2022. It was assessed at US$ 187.25 million in 2022 and is likely to hit US$ 264.94 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.
Key players dominating the Middle East & Africa microscope market are Bruker Corporation; Carl Zeiss AG; COXEM Co.,Ltd; Euromex Microscopen bv; Hitachi High-Tech Corporation; KLA Corporation; Leica Microsystems; Nikon Corporation; Olympus Corporation; and Thermo Fisher Scientific Inc. among others.
- In June 2022, Hitachi High-Tech Corporation launched the AFM100 Pro High-Sensitivity Scanning Probe Microscope System, a high-end scanning probe microscope equipped with a newly developed high-sensitivity optical head that improves sensitivity when measuring physical properties and enables measurement at atomic and molecular scales. The AFM100 Pro met the requirement for on-site analysis and solves customer issues.
- In June 2022, Bruker Corporation introduced the new XFlash 7 detector series for its QUANTAX energy dispersive X-ray spectrometer (EDS) systems, enabling chemical analysis of material samples in electron microscopes with ultimate speed, sensitivity, and reliability. The XFlash 7 users in academic and in industrial research benefitted from further increased analytical performance, higher productivity, and lower cost of ownership.
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