Optical Microscope Market Growth to 2020 Driven by Low Power Optical Microscopes

Apr 06, 2016, 06:00 ET from ReportsnReports

PUNE, India, April 6, 2016 /PRNewswire/ --

According to the 2016 report with education institutions proliferating, the optical microscope market has a positive outlook over the forecast period. Several global initiatives undertaken by the United Nations such as Global Education First Initiative succeeded in not only allocating funds for promoting primary and secondary education in many countries but also initiated methods to improve the quality of education provided. This has led to an increase in the number of educational institutions in many countries in the last five years. The increasing number of educational institutions worldwide has resulted in an augmented demand for low power optical microscopes, which is expected to drive the market in the coming years.

Complete report on optical microscope market spread across 69 pages, analyzing 5 major companies and providing 29 data exhibits is now available at http://www.reportsnreports.com/reports/521072-global-optical-microscope-market-2016-2020.html.

The analysts forecast global optical microscope market to grow at a CAGR of 7.12% during the period 2016-2020. New production techniques have led to easier manufacture and assembly of optical microscopes during the recent years. New plastic molding techniques coupled with advanced optics fabrication methods will not only reduce the overall manufacturing cost but will also increase the durability of the instrument. The number of components has also seen a decrease over the years with the help of efficient modular production techniques.

During 2015, the stereo microscope segment dominated optical microscope market and accounted for more than 31% of the market share. Stereo microscopes are used for a broad range of applications in microsurgery, watch-making, circuit board fabrication, and forensic engineering. Moreover, stereo microscopes are used in secondary schools and also in the manufacturing industry for inspection and quality control. The extensive applications of stereo microscopes in educational establishments and manufacturing units will impel growth of this market segment until the end of 2020. Order a copy of Global Optical Microscope Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=521072.

The optical microscope market in the Americas was the largest among the geographical segments and is expected to reach more than USD 890 million until the end of 2020. Factors like the growing investments by pharmaceutical companies in drug discovery and testing to fuel the growth of this market in the Americas. Moreover, the increase in manufacturing facilities in South American countries like Chile, Peru, Brazil, and Mexico and the setting up of new colleges, institutes, and labs will also contribute to the growth of this market over the forecast period.

Key players in the global optical microscope market: Carl Zeiss, Leica Microsystems, Meiji Techno, Nikon, and Oympus Corp. Other prominent vendors in the market are: 3B Scientific, ACCU SCOPE, Ample Scientific, AmScope, Aven, BARSKA, BestScope, Bruker, Bulbtronics, Celestron, Cole-Parmer, Euromex, Huvitz, Ken-A-Vision, Parco Scientific, Magnus Analytics, Motic, Swift Opticals, Thermo Fisher Scientific, and Thomas Scientific.

Further, the report states that the major challenge inhibiting the growth of the global optical microscope market is the low frequency of repurchase of these devices.

Another related report is Global Student Microscope Market 2016-2020: analysts forecast global student microscope market to grow at a CAGR of 6.95% during the period 2016-2020. Browse complete report @ http://www.reportsnreports.com/reports/461323-global-student-microscope-market-2016-2020.html.

Key players in the global student microscope market: ACCU-SCOPE, Amscope, Celestron, Magnus Analytics and Swift Optical Instruments. Other prominent vendors in the market are: Ample Scientific, Aven, BestScope, Frey Scientific, Ken-A-Vision, LGS Microscopes, Parco Scientific, Phil Seltzer, and Radical.

Explore other new reports on Medical Devices Market @ http://www.reportsnreports.com/market-research/medical-devices/.

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