Global Stereo Microscopes Market is projected to register a healthy CAGR of 6.9% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Drivers: Global Stereo Microscopes Market
INCREASING DEMAND OF 3- DIMENSIONAL DATA:
Stereo microscopes are the devices or instruments used in biomedical research for various experiments or for research purposes and are an advanced device to give valuable data. In various fields of life science stereo microscopes are used to view the object with deep information or to study the specimen information.
The stereo microscopes consist of camera part, image processing device and stereoscopic display which provide or deliver the image of the object or the specimen with a high resolution than any other devices.
The stereoscopic microscope provides HD 3D image of the object or the specimen with a clear and accurate sense and valuable information which is used in rapidly evolving field of minimally invasive surgery and inspection.
It is found that stereoscopic instruments have better feasibility and provides or display 3D ultrasound data of the human body while inspecting irregular lesions or tortuous vessels.
For instance, before the surgery is performed there should be deep information collected by using instrument such as stereo microscope that helps in providing 3 D view along with the data which helps in treating the problems. In cosmetic surgery, surgeons undergo microsurgery among patients and they use microscopes for the operation to transplant large sections of tissue on affected areas or in the required area of the body.
Increasing needs for the data in order to treat the disease is leading this market to grow. In research field the stereo microscope is playing a major role as it delivers high resolution image which can be more helpful in studying the particular experiment in detail. For instance, Stereo microscopes manufactured by Euromex provide high resolution 3D images and are more robust and ergonomic and enable long, fatigue-free working sessions in both laboratorial and industrial environments.
APPLICABLE IN VARIOUS INDUSTRIAL & LIFE SCIENCE APPLICATIONS:
Stereo microscope is an instrument that uses low power and has typical magnification levels which ranges from 10x to 40x. These instruments are designed in such a way that one can get the deep information and viewing of the objects such as rocks, insects, and flowers and others. These instruments are a useful tool for carrying out the nature’s studies and are ideal for young children for their educational purposes. These instruments are used in various industrial sectors such as metrological, mining and other fields for viewing the 3D image of the objects.
Various companies are engaged in manufacturing products which are specific to life science application such as they can be used in laboratories for experimental research purposes. For instance,
- Olympus Corporation (Japan) provides different series of stereo microscopes which can be utilized in different fields such as research, education and experimental studies and the series of instruments are SZX16, SZX10, SZX7 and others. These are binocular or trinocular stereo microscopes utilized to view the 3D image of the object or specimen.
Increasing demand of these products in all the sectors is driving the market to grow and the manufacturers are developing such products to fulfil the demands of the customers. For instance, stereo microscopes are utilized by zoologists, machinists, every well-equipped laboratory and R&D facilities for viewing the object’s 3D image.
TECHNOLOGICAL ADVANCEMENTS & MODIFICATIONS IN THE PRODUCTS:
Stereo- microscopes are available with modern optics by which scientists can view a whole species or specimen and can understand the structure as well as can collect the 3D information in deep. The specimens that can be studied under these instruments are live fruit fly, nematode, or zebrafish. For instance, Leica MZ12, a product of Leica Microsystem, provides the better image of live sample with a good resolution and magnification.
Binoculars or a stereoscope delivers suitable image of the object with required magnification range. It is helpful to determine the structure of an object in deep such as shape, content and hence stereoscopic microscopes are valuable in different sectors (majorly in life science and industrial inspections).
After binocular, there comes an instrument called trinocular microscope that contains 2 eyepieces and one camera attached to the instrument that gives HD image with recorded video as per the requirement.
- For instance, in 2013, Nikon (Japan) introduced the new research stereo microscopes SMZ25/SMZ18. These series are available with the zoom range of 25:1 and is easier to work because it is available with parallel-optics as well as tilting trinocular tube / Low eyelevel trinocular tube.
Technological advancement in such instruments provides their use in different areas helping the market to grow. For instance, the zoom microscope manufactured by Motic can be used in various application areas such as biomedical as well as industrial. Hence, these increasing application areas for the stereo microscopes are one of the driving factors that help the market to grow
Restraints:
HIGH COST OF MICROSCOPES
The stereo microscope is a device used in different areas to view the image of the object or the specimen.
Different companies provide the stereo microscopes that give high resolution images, but are costly.
CMO stereomicroscopes are there in the market that delivers parallel paths and gives better images without any stress on eyes with a better quality. But these instruments are expensive to make, found to be heavier and have some optical problems. CMO stereomicroscopes are one of the expensive microscopes in market. The cost issues related to these instruments may hinder the growth of the market.
IMPLEMENTATION OF EXCISE TAX AND HEAVY CUSTOMS DUTY:
The stereo microscopes are the instrument which is used in various applications such as life science and industrial sector. The raw material used in the instrument are imported or exported depending on the manufacturing locations.
The custom duties or import duties for microscopes vary with countries. For instance, in the U.S., custom duties in microscope are applied by giving classification such as cameras, audio and video. As the import duties are divided on parts of instruments, it can be a drawback for the manufacturer’s because they have to pay custom duty for each part or material required to manufacture and hence it can restrict the growth of the market.
The custom or the taxes for the materials or for the devices differ from one country to other, so while exporting or importing the prizes of the product may get higher which can affect the growth of the market. For instance,
- In September 2017, according to custom duty free the general custom/import taxes duty in U.S. for microscopes are 6.4% which is the total sum of item cost, insurance cost and shipment cost. This can be higher for developing counties while importing their products because they have to pay high amount of money to buy the same.
Importing or taxation duties for the products also involves tariff rate which can be higher for the buyer and hence can be a major restrain to the market. For instance the basic custom duty for the microscopes during import in India under HS Code 90118000, 90119000, 84199090 criteria is about 7.5% which is quite higher for manufacturer to buy the product. Hence importing products from different countries where the duty rates differ may hamper the growth of the market as there will be fluctuation in the prices of the products.
Opportunity:
INTEGRATION OF MICROSCOPY WITH SPECTROSCOPY:
New imaging technique has been developed which is a combination of scanning tunneling microscopy and infrared spectroscopy that shows molecules interaction with surfaces. The combined technique delivers much of the required molecular information.
Combination of the various types of light or stereo microscopes with spectral analysis helps in expanding the capacities of the system in inspecting structures and single particles with higher resolution at low magnification range.
This system gives analysis of samples with longer working distance by delivering three-dimensional view of the object.
Various companies are manufacturing these systems with good performance and flexibility. For instance,
- ZEISS International (Germany) is engaged in manufacturing and providing cost-effective MCS 600 systems (stereo microscope) which is available with major enhancements and can be used in biological materials, analyzing textile fibers and others.
Combination of the microscopes with the spectroscopes provides the broader range of its application and hence it is useful for determining or analyzing the components with higher resolution and provides the 3D data of the same. Hence this is an opportunity for manufactures to develop the combined microscopes which will help in growing this market in future.
FLUORESCENT STEREO MICROSCOPY HOLDS BETTER POTENTIAL:
Fluorescence illumination in stereomicroscopy has escalated with the better potential due to better facility and feasibility. This instrument can be easily used in life science field as illuminating stereomicroscope is now available with genetically encoded as well as biologically specific fluorescent proteins such as (Green Fluorescent Protein) GFP. GFP illuminators are the newly developed illuminators that are used in various applications such as sciences and the electronics manufacturing industry.
The large specimens in life science sector such as larvae, zebrafish, nematodes, oocytes and mature insects can be easily selected and manipulated by using fluorescence techniques with the stereomicroscopes.
Fluorescent stereo microscopes have faster workflow with quick switching between fluorescence, filters and bright field, as well as rapid zooming in and out as per the need.
Fluorescence illumination provides ergonomic workflow and documentation/imaging. The documentation of image involves filming behavioral changes and recording mutant phenotypes. Documentation with stereo microscopy often requires different setups of the digital color camera which gives colorful image.
With the proper documentation and 3 D image the fluorescence illumination stereomicroscope has better potential to grow in the market. For instance GFP illuminator are used in stereomicroscope in order to provide deep information about any sector such as sciences, electronics manufacturing industry, biology, medicine, biomedical engineering, materials science and engineering, and mechanical engineering.
Challenges:
LACK OF SKILLED EXPERTISE:
The stereo microscopes are used by skilled people as it has high features which provide the 3D data as well as the documentation. But in this market, requirement of a trained staff is a big challenge. The proper usage of these instruments can only be handled by an expertise person with relevant experience and prior knowledge of system to operate and to get the 3D image with deep information. The lack of knowledge regarding the use of the system can be a drawback to this market. Therefore, there is a need for highly skilled person for performing the experiment on this system.
The product has a wide variety of application in different areas such as life science and industrial inspection and less availability of such trained expertise is expected to hamper the growth of the market.
LESS AWARENESS IN DEVELOPING COUNTRIES:
The psychologies of consumers in emerging countries or nations are different from developed nations. A country’s level of economic development is one of the important factors that help in growth for the country. So manufacturing, import and export of products are the major concerns for manufacturers as the products are applied with tax and heavy duties.
Stereo microscopes are majorly used in education and life science sectors. In education sector stereo microscopes is the most demanding instruments for students. These instruments generate high-resolution 3D images which are highly appreciated by teachers and students.
But lack of education in developing countries may act as a challenging factor which can hinder the growth of the market. For instance,
- According to United Nations Organization for Education, Science and Culture (UNESCO), in developing countries, 20.0 % of young people fail to complete primary school.
The high cost of instruments cannot be afforded by manufacturers in emerging countries and hence may affect the market growth. The buying of products from other countries involves taxes which are again leading to increase the cost of the instrument.
Due to lack in education, people are unskilled and hence may not be able to use such instruments and this may act as a challenge to industrialists to utilize the same. For instance, in developing countries, around 200.0 million people between ages of 15 to 24 have not done their primary school. Uneducated people in developing countries are not aware about the developed products.
Market Trends:
On the basis of type, the market is segmented into monocular, binocular and trinocular. In 2019, binocular segment is expected to dominate the global stereo microscopes market with 57.9% market share and growing at the CAGR of 6.6% in the forecast period of 2019 to 2026. However, trinocular segment is growing with the highest CAGR 7.5% in the forecast period of 2019 to 2026.
On the basis of design type, the market is segmented into Greenough type and common main objective / parallel optics type. In 2019, Greenough type segment is expected to dominate the global stereo microscopes market with 64.9% market share and is growing at the CAGR of 6.6% in the forecast period of 2019 to 2026. However, common main objective/parallel optics type is growing with the highest CAGR 7.4% in the forecast period of 2019 to 2026.
On the basis of zooming type, the market is segmented into motorized zoom and manual zoom. In 2019, motorized zoom segment is expected to dominate the global stereo microscopes market with 69.2% market share and is growing with the highest CAGR of 7.3% in the forecast period of 2019 to 2026.
On the basis of application, the market is segmented into industrial and life science. In 2019, life science segment is expected to dominate the global stereo microscopes market with 65.1% market share and is growing at the highest CAGR of 7.0% in the forecast period of 2019 to 2026.
On the basis of end user, the market is segmented into clinical & laboratories, research institutes, industrial inspection and academics. In 2019, industrial inspection segment is expected to dominate the global stereo microscopes market with 36.7% market share and is growing at the CAGR of 6.1% in the forecast period of 2019 to 2026. However, research institutes segment is growing with the highest CAGR 7.7% in the forecast period of 2019 to 2026.
Major Players: Global Stereo Microscopes Market
Some of the prominent participants operating in this market are Motic, Cole-Parmer Instrument Company, LLC., Unitron, Vision Engineering Ltd., KEYENCE CORPORATION, ZEISS International, Meiji Techno, NIKON CORPORATION, KERN & SOHN GmbH, Celestron, LLC., Boeckel + Co (Gmbh + Co), A.KRÜSS Optronic GmbH, Walter Products , Olympus Corporation, Aven Tools, Leica Microsystems, GUILIN MICROTECH OPTICAL INSTRUMENT CO., LTD., SCIENSCOPE International, SEIWA OPTICAL Co.,Ltd. Thermo Fisher Scientific Inc. and others.
