by The cryo electron microscopy market plays a vital role in the healthcare industry by enabling research at nanoscale resolutions. Cryo electron microscopy allows capturing biological samples in their natural frozen-hydrated state without chemical fixatives or staining. This helps visualize delicate biomolecules and virus particles in unprecedented atomic detail. Advancements in direct electron detectors, improved specimen preparation methods and techniques like cryogenic microtomy and focused ion beam milling have allowed this technique to capture images at higher resolutions and faster speeds.
The Global Cryo Electron Microscopy Market is estimated to be valued at US$ 1.30 Billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Cryo Electron Microscopy market are Thermo Fisher Scientific,
Danaher, JEOL, Intertek Group, Charles River Laboratories, Hitachi High-Technologies, Carl
Zeiss, Gatan, Inc., Oxford Instruments, Olympus Corporation, Leica Microsystems,
KEYENCE CORPORATION, Molecular Devices, LLC, Nikon Instruments, Caliber Imaging & Diagnostics, Lasertec Corporation, Thorlabs, Inc., Hamamatsu Photonics, NanoFocus AG, and HORIBA, Ltd.
Cryo Electron Microscopy Market size is expected to grow due to the increasing demand from the fields of drug discovery, proteomics, and vaccine development. Advancements in pharma and biotech research, coupled with rising R&D investments by government organizations, are fueling the adoption of cryo electron microscopy techniques.
The market is witnessing increasing globalization with key players expanding their geographical footprint in high potential markets like Asia Pacific and Latin America. The increasing collaborations between academia and private players is also supporting technology transfer and widespread commercialization of cryo electron microcopy solutions.
Market Key Trends
The emergence of direct electron detectors allowing faster imaging at higher resolutions without compromising on signal-to-noise ratio is a key trend. These detectors have greatly accelerated high-resolution structure determination using cryo electron microscopy. Deep learning and artificial intelligence is also being increasingly used for image processing, particle picking and 3D reconstruction. Ongoing reductions in equipment cost along with availability of rental and leasing options is expected to further increase cryo electron microscopy adoption across different industries.
Porter’s Analysis
Threat of new entrants: Cryo Electron Microscopy Market challenges and opportunities as it requires high capital investments. Large companies dominate the market with strong distribution networks and brand recognition.
Bargaining power of buyers: Buyers have moderate bargaining power. Products are differentiated but switching costs are low.
Bargaining power of suppliers: Few component suppliers exist and rely on large OEMs for bulk of revenues giving suppliers moderate power.
Threat of new substitutes: No close substitutes exist currently but technological advancements may provide substitutes in future.
Competitive rivalry: Industry sees competitive pricing and new product development as large players compete for market share.
Geographical Regions
North America region accounts for the largest share of the global Cryo Electron Microscopy market in terms of value owing to presence of major players, high awareness, and developed healthcare infrastructure.
Asia Pacific region is expected to witness the fastest growth during the forecast period attributed to increasing healthcare expenditure, rising awareness about advanced microscopy techniques, and growing research activities in countries such as China and India.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Ravina Pandya
Ravina Pandya,Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. LinkedIn
