Cryo-electron Microscope Market Size, Share, Growth, and Industry Analysis, By Type (300kV Cryo-EM, 200kV Cryo-EM, & 120kV Cryo-EM), By Downstream Industry (Biological Science, Material Science, & Others) and Regional Forecast to 2032

Updated On: 02 September 2024

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CRYO-ELECTRON MICROSCOPE MARKET REPORT OVERVIEW

The global Cryo-Electron Microscope Market Size was USD 395.79 million in 2023 and the market is projected to touch USD 938.73 million by 2032, exhibiting a CAGR of 9.02% during the forecast period.

A cryo-electron microscope is an electron microscope. It used to imaging the biological specimen at cryogenic temperatures. It can preserve the original structure of the sample. It provides precise and accurate pictures of molecules and cellular structures. The main task of this device is to scrutinize the formation of macromolecules and composition in their native condition.

Increasing demand for innovative microscopy techniques and the need to recognize the structural basis of various biological processes are propelling the market growth. Extensive technological evolution is providing many options for companies to expand their market growth.

COVID-19 Impact: Market Growth Hindered by Pandemic due to Travel Restrictions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic had exaggerated overall markets. Lockdown and supply chain disruption has inhibited transportation systems, manufacturing units, and other operation sectors. The closure of research facilities and laboratories, travel restrictions, and social distancing measures stopped research activities that were heavily dependent on cryo-EM technology. Additionally, the financial constraints faced by research institutes and academic organizations during the pandemic limited their ability to invest in expensive equipment and infrastructure. Conversely, the demand for the device for studying the structural characterization of the virus and the formation of vaccines has made room for the market expansion. Slowly improving situation and research activities resume are likely to regain momentum of the market and witness a recovery in the post-pandemic period.

LATEST TRENDS

"Integration of SAC-EM with Other Imaging Techniques are Impelling Market Growth"

Current trend in the market which is fueling the market progress is the incorporation of SAC-EM with other imaging techniques. These techniques including X-ray crystallography and nuclear magnetic resonance spectroscopy are helping for market growth. The multi-modal imaging practice ensures scientists to obtain interdependent structural information. It is helping a more broad understanding of complex biological systems and encouraging market progress.

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CRYO-ELECTRON MICROSCOPE MARKET SEGMENTATION

By Type

Based on type the market can be categorized into 300kV Cryo-EM, 200kV Cryo-EM, & 120kV Cryo-EM.

• 300kV Cryo-EM: It is an instrument which offers higher resolution and better imaging quality compared to other devices.
• 200kV Cryo-EM: It provides a good balance between resolution and imaging speed.
• 120kV Cryo-EM: It is suitable for imaging smaller molecules and particles.

By Downstream Industry

Based on by downstream industry the market can be categorized into biological science, material science, & others

• Biological Science: Microscopy is widely used in biological science for studying the structures of proteins and viruses at atomic resolution.
• Material Science: In material science, it is used to analyze the structures of material at the microscopic level.
• Others: In other fields, it is used for various purposes such as drug discovery, environmental science, and nanotechnology research.

DRIVING FACTORS

"Rapid Developments of Nanotechnology Propelling Market Growth "

One of the attributes for the cryo-electron microscope market growth due to the rapid developments of nanotechnology is boosting the market growth. Various sectors such as health, the space program, the manufacture of fabrics, food, fuel cells, solar cells, and water purification, have benefited from nanotechnology. Nanotechnology is the subject of several research and development projects and it is seen to be one of the attributes promoting the expansion of this market. Cryo-EM is a well-known and advanced tool used to visualize high-resolution images of biological samples. It provides the functional and morphological information of the tissues and cells and is used in nanotechnology to evaluate nanoparticle penetration in the desired location. The rise in the popularity of nanotechnology in the life science field and the development of recent advancement in nanoparticles supporting microscopy usage may encourage the market progress. 

"Rising Demand for Tool in Drug Discovery Encouraging Market Growth"

Another growing factor for increasing market growth is the rising demand for the equipment in drug discovery. The device is extensively employed for drug invention, disease research, and protein production owing to its high-resolution and ability to image large and complex molecules. Growing number of chronic illnesses including cancer, Alzheimer’s and other diseases pushing demand for advanced imaging technologies are encouraging the market expansion. This is because of the capability of devices to examine the structure of disease-causing proteins and it contributes to a better comprehension of the essential molecular causes of many illnesses.  This factor boosts the market expansion.

RESTRAINING FACTOR

"High Cost and Lack of Accessibility Impeding Market growth"

The limiting factor for the market expansion is the high cost associated with the technology. The instruments and equipment such as electron microscopes and specialized sample preparation systems require substantial investment. The cost of maintaining and operating these instruments, including cryogenics and skilled personnel, adds to the overall expenses. This high cost may create a barrier to adoption for smaller research institutions or organizations with limited funding. Furthermore, cryo-EM procedure requires professionals with proficiency in sample preparation, data collection, and image processing. Devoid of skilled scientists are incapable of accessing these equipment which is decreasing demand for the instrument and consequently hindering the market growth.

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CRYO-ELECTRON MICROSCOPE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Rising Technological Development"

The North America region is dominating the cryo-electron microscope market share due to the rapid technological development in microscopy in this region. Due to increasing new product launches and rising investments in research and development activities are fueling the market growth. Furthermore, increasing spending by government and private organizations are encouraging the market growth. Furthermore, growing microscopy technology developments are fueling the regional market growth. Overall, these factors are anticipated to continue to push the development of the market in this region.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Asset Appraisal Service Landscape through Investing Heavily in Research and Development and Business Strategies"

Many prominent industry players are operating in this market focused on investing heavily in research and development to enhance instruments’ capabilities, resolution, and workflows, making them more accessible and user-friendly to be in the market. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• Hitachi (Japan)
• Thermo Fisher Scientific (U.S.)
• JEOL (Japan )

INDUSTRIAL DEVELOPMENT

November 2023: Gatan’s Latitude S software set a new standard for high-throughput collection of low-dose, single-particle cryo-electron microscopy datasets. This new software is offering enhanced capabilities for K3, BioContinuum, BioQuantum K3, and OneView cameras.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global asset appraisal service market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.