Northbrook, IL 60062 -- (SBWire) -- 09/26/2023 --Cryo-electron Microscopy Market by Product & Service (Instruments, Software, Services), Technology (Electron Crystallography, Cryo-ET), Voltage (300 kV), Application (Cancer, Omics, Gene Therapy, Nanotechnology, Vaccine) - Global Forecast to 2028", is projected to reach USD 2.1 billion by 2028 from USD 1.1 billion in 2022, at a CAGR of 11.6% from 2022 to 2028. The major factors driving the growth of this market includes increasing use of high-end instruments in life science, nanotechnology, material science, healthcare, and lucrative opportunities in emerging markets.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217602093
Browse in-depth TOC on "Cryo-electron Microscopy Market"
130 - Tables
33 - Figures
187 - Pages
Key Market Players:
As of 2021, prominent players in the cryo-electron microscopy market are Thermo Fisher Scientific (US), Danaher (US), JEOL Ltd. (Japan), Intertek Group Plc (UK), and Charles River Laboratories (US).
Services segment to register significant growth rate over the forecast period of 2022-2028
Based on the product & service, the global cryo-electron microscopy market is segmented into instruments, software, and services. The services segment is anticipated to register the highest growth rate over the forecast period. Instruments segment accounted for the highest share of the cryo-electron microscopy market in 2021.
Single particle analysis segment accounted for the largest share of the cryo-electron microscopy market, by Technology in 2021.
Based on technology, the global cryo-electron microscopy market is segmented into electron crystallography, single particle analysis, cryo-electron tomography, and other technologies. Single particle analysis accounted for the largest share of the market in 2021, whereas cryo-electron tomography segment is expected to grow at the highest CAGR during the forecast period.
Factors such as the growing use of cryo-electron microscopy in cell biology, virology, and infectious disease research along with launch of high-end instruments by major players are driving the growth of the market for cryo-electron microscopy.
300 kV segment accounted for the largest share of the cryo-electron microscopy market, by voltage in 2021
Based on voltage, the global cryo-electron microscopy market is segmented into 300 kV, 200 kV, and 120 kV. 300 kV segment accounted for the largest share of the market in 2021. Factors such as rising healthcare expenditure and consistent increase in the installation of high-end instruments by different end users for 3-dimensional visualization of biological samples is driving the growth of this segment.
The Asia Pacific market to register the highest growth in the market during the forecast period
The Asia Pacific cryo-electron microscopy market is anticipated to register the highest growth over the forecast period of 2022 to 2028. Major players in the market are focusing on expanding their manufacturing capabilities in the APAC region. This region is consistently witnessing a rise in the installation of cryo-electron microscopes, offering a significant growth opportunity for the key players.
Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=217602093
Cryo-electron Microscopy Market Dynamics:
Drivers:
1. Technological advancements in cryo-electron microscopes
2. Growing focus on nanotechnology
3. Increasing use of cryo-electron microscopy in drug discovery
4. Rising funding and grants for cryo-EM installations
Restraints:
1. High equipment costs
Opportunities:
1. Growing opportunities in emerging markets
Challenges:
1. Shortage of skilled professionals
2. Ambiguous regulatory network
Recent Developments
- In 2022, Thermo Fisher Scientific (US) launched the Glacios 2 Cryo-Transmission Electron Microscope (Cryo-TEM). The product features high-resolution capabilities and helps in drug discovery research.
- In 2022, Leica Microsystems (US), a subsidiary of Danaher launched a new Coral Cryo-electron workflow solution to support researchers with high-precision confocal 3D targeting
- In 2021, JEOL Ltd. (Japan) launched CRYO ARM 300 II. It is a cold emission cryo-electron microscope. It aims to enable the observation of biological specimens under high resolution
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=217602093
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Cryo Electron Microscopy Market: Size, Industry Share, and Expansion Insights for 2028
In 2022, Thermo Fisher Scientific (US) launched the Glacios 2 Cryo-Transmission Electron Microscope (Cryo-TEM). The product features high-resolution capabilities and helps in drug discovery research.