Positive Impact On The Microscopy Market For The Healthcare Industry
The impact of the coronavirus pandemic and the nationwide lockdowns it triggered is visible in various industries, including the microscopy market. The overall growth of various sectors has been heavily impacted, specifically in countries with a high incidence rate of COVID-19, such as India, China, the US, and several European countries (Russia, Italy, and Spain, among others).
While industries such as oil and petroleum, aeronautics, and mining are experiencing a steep fall in revenues, the healthcare, biotechnology, and pharmaceutical industries are optimizing this situation to serve a maximum number of patients and healthcare professionals. The COVID-19 outbreak has disrupted business and economic activities globally.
Technological advancements in microscopy include digitization, live-cell imaging, super-resolution, and high-throughput methods. These advancements serve to reduce product and test costs.
Digital imaging offers enhanced image resolution with greater precision, leading to fewer distorted images and allowing for better viewing of samples. The development of whole-slide scanning systems is a major factor that has accelerated the adoption of digital microscopy. These systems offer deep visualization of specimens with 2D and 3D images used in R&D, forensics, quality control, as well as failure analysis.
Owing to technological advancements, there has been a shift in the usage patterns of microscopes. Conventional microscopes are gradually losing their popularity to high-end microscopes such as electron microscopes, scanning probe microscopes, and digital microscopes due to their advanced features, higher resolution, and magnification power.
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The complexity of advanced microscopes makes the shortage of skilled professionals a key challenge to their use and adoption. The demand for skilled medical laboratory technologists and technicians is expected to grow at a rate of 13% during 2016–2026 in the US (Source: Bureau of Labor Statistics).
The introduction of novel image acquisition software for microscopes is the recent trend in the microscopy market. Increasing research in life sciences and other application areas have resulted in the generation of a large amount of data, mainly due to advances in image quality. Present software can no longer handle these images, which indicates the potential opportunities offered in the area of software development.
The major companies in the microscopy market include Carl Zeiss (Germany), Danaher Corporation (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan), among others.