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Description
Life Science Microscopy Devices Market size was valued at USD 1246.9 million in 2021 and is expected to grow at a CAGR of 3.8% from 2022-2028. Life Science Microscopy Devices Market plays a major role in the life sciences segment to study the details of biological tissues and cells. In majority of the life-science fields, electron microscopy contributes a wide range including virus discovery, prevention of infection, organelle structure clarification, food safety, and drug development among others. Life science microscopy devices are widely used in field of cellular and molecular biology, botany, pharmacology and toxicology, and microbiology among others. Increase in the R&D activities in the life sciences segment is a key factor drives the growth of market. Moreover, fund raising by the public and private sectors for the life sciences research, technological advancements of the devices, wide range of applications of devices in nanotechnology, biotechnology, material science, and other life science industries, rise in number of academic and research institutes, and flourishing CRO market are anticipated to propel the market over the forecast years. However, high cost and lack of skilled personnel for operating the advanced microscopes are major restrains for the global market. Microscopy instruments for studies have become more significant in the field of drug development and research to avoid failures and repetitions. Furthermore, microscope pictures that have been digitally improved could help with target identification and validation, as well as drug discovery. As a result, the evolving approach to drug development, imaging diagnostic techniques, nanoscience, and structural biology, which includes the use of technologically advanced microscopes, is predicted to enhance demand for life science microscopy devices, hence driving market growth.
