World Micromanipulators Market to Grow at a CAGR of 25.8%

Dec 16, 2015, 08:14 ET from Allied Market Research

PORTLAND, Oregon, December 16, 2015 /PRNewswire/ --

According to a new report by Allied Market Research, titled, "World Micromanipulators Market - Opportunities and Forecast, 2014 - 2020," the global sales of micromanipulators is projected to grow at a CAGR of 25.8% between 2015 and 2020. In 2014, cell micromanipulation application segment dominated the world micromanipulators market in terms of both, revenue and volume, and is expected to retain its lead position during the forecast period.

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Shift from conventional manual micromanipulators to advanced electric or hydraulic versions, rising global infertility rates, and expanding base of semiconductors and microelectronics in the emerging economies are primarily leveraging the growth of the market. In addition, increasing usage of micromanipulator novel applications such as genomics, proteomics, transgenesis and cell cloning would provide continued growth thrust for the market. However, factors such as high cost associated with advanced micromanipulators, lack of awareness among potential end users and limited technical expertise are likely to impede the market growth.

Electric micromanipulators segment would continue to generate the highest revenue throughout the forecast period. This is attributed to the higher accuracy, enhanced precision in movement, better convenience and rising adoption rates of electric micromanipulators across a wide range of applications. However, in terms of volume (units), manual micromanipulator was the leading segment, accounting for about half of the overall market in 2014. Economical cost and high popularity of manual micromanipulators across semiconductors and microelectronics industries were the key factors responsible for the growth of manual micromanipulators market.

Key findings of the study: 

  • Hydraulic micromanipulator is projected to be the fastest growing segment during the forecast period.
  • Within cell micromanipulators application, ICSI segment is projected to exhibit the fastest growth, both in terms of revenue and volume, during the forecast period.
  • Within industrial micromanipulation application, semiconductors and microelectronics segment would continue to lead, accounting for more than three-fourth of the overall market revenue in 2020.
  • Asia-Pacific is anticipated to be the fastest growing market, registering a CAGR of 29.9% from 2015 to 2020.

The key companies profiled in the report include Narishige Co. Ltd., Research Instruments Ltd., Eppendorf AG, Sutter Instruments, The Micromanipulator Company, Sensapex, Inc., Luigs and Neumann, Scientifica Ltd. and Siskiyou Corporation.

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SOURCE Allied Market Research