According to FutureWise analysis the market for microscopy in 2023 is US$ 7.63 billion, and is expected to reach US$ 12.18 billion by 2031 at a CAGR of 6.02%.
Advancements in microscope technology, favourable reimbursement policies, increased funds for research and development activities, rising preference for early discovery of drugs and a broadened range of applications related to microscopy are some of the key driving factors responsible for the microscopy market growth.
Furthermore, increased scope of applications in industries like agriculture, polymer, spectroscopy and nanotechnology have paved way for lucrative opportunities for market growth. Moreover, the increased penetration of AI in microscopy has been a recent microscopy market trend which shall bolster the proliferation of the market. Scientists from UCLA have developed an innovate method for accurately detecting cancer cells in samples of blood with the assistance of deep learning for extracting the significance of data to obtain accurate decisions.