Market Dynamics
Increasing Applications of Stereo Microscopes
Stereomicroscopes are irreplaceable in numerous uses ranging from the automotive industry, quality assurance, and product testing to forensics, biotechnology, genetic sciences, and virtually all biomedical research areas. The microscope is also extensively used in research and anatomy tools for zoology, botany, entomology, histology, geology, mineralogy, archaeology, and dermatology. It may also support the paleontologists during the cleaning and fossil research process. Thereby, growing applications and high demand for technically advanced magnification devices drive overall growth as magnification and visualization devices are an essential part of science. The increasing scope of these instruments, such as in the polymer industry, agriculture, nanotechnology, and atomic studies, would further fuel the demand.
The stereomicroscope's effective use is now in surgery and medicine, where it is mostly used as a research device to analyze, inspect, and perform surgical procedures on the specimen. This is widely used in micro-surgery and sectioning procedures. Stereomicroscopes may help to enhance the routine work of researchers and clinicians doing surgery-related research on small animals and rodents, i.e., mice, rabbits, hamsters, and so on, for developmental biology or medical studies. The purpose of utilizing stereomicroscopes is to benefit the work steps proficient and cost-effective. To maximize the results and lessen the studies' costs, it is essential to remove variability through optimized surgical techniques and apparatus.
Stereomicroscopes can also be used to conduct neurosurgery where live clamping on particular nerves, e.g., on the sciatic nerve on the hind limb, is necessary. Resolution and working distance are key concerns during this operation, and stereomicroscopes on a large swing arm stand have a reasonably workable solution. In addition to increased vision during MCAO, greater performance, and more excellent reproducibility, the stereomicroscopes often have a clean setup to keep working conditions hygienic. Their advanced lighting network allows less cramped workspace in the field with no wires or cold lamps.
Stereomicroscopes can also prove useful in small animal cancer research to understand the process behind the role of hormones and additional signaling proteins in mammary carcinogenesis. They can also perform neurosurgery where live clamping on particular nerves is needed, e.g., on the hind limb's sciatic nerve. The stereomicroscope with fluorescence module can characterize the fluorescence of surgically extracted tissue from small animals, such as mice. The stereo fluorescence microscope has excellent resolution, high numerical aperture, a rapid increase in magnification, and strong fluorescence illumination, which enable the analysis of target anatomical structures in breast cancer science.
Rising Technological Advancements
Stereo- microscopes are available with advanced optics that allow scientists to view a whole species or specimen, understand the structure, and deeply gather the 3D information. Live fruit fly, nematode, or zebrafish are the species that can be examined under such instruments. For example, Leica MZ12, a Leica Microsystem product, provides a good resolution and magnification for a better image of the live sample. Binoculars or a stereoscope gives a suitable image of the target with the correct magnification range. Determining an object's configuration in detail, such as form, material, and stereoscopic microscopes, is useful in various sectors (mainly in life science and industrial inspections), which is beneficial. After binocular, an instrument called a trinocular microscope contains two eyepieces and one camera attached to the instrument that gives the recorded video HD image according to the requirement.
The technologically advanced stereo microscopes are available in the market. For instance, Aven Tools offers DSZ-70PFL, a stereo microscope system with superior optics & reliable mechanical components with a high-power magnification range. Vision Engineering Ltd. provides a wide array of stereo microscopes such as Mantis Compact, Mantis Elite, Mantis Elite-Cam HD, Lynx, Lynx EVO, Lynx VS8, SX25, SX45, SX45-TR, SX80, and SX100.
Technological development in such instruments provides its use in various fields to help the market grow. The zoom microscope produced by Motic, for example, can be used in different application areas, such as biomedical and industrial. Therefore, these increasing areas of application for stereo microscopes are one of the driving factors that help the market grow.
Fluorescent Stereo Microscopy Holds Enhanced Potential
Owing to improved facilities and viability, fluorescence illumination in stereomicroscope has accelerated with the best potential. This instrument can be easily used in life science since illuminating stereomicroscopes are now available with genetically encoded and biologically specific fluorescent proteins (Green Fluorescent Protein) GFP. GFP illuminators are the recently developed illuminators used in various applications such as science and electronics manufacturing. The large specimens in the life science sector, such as larvae, zebrafish, nematodes, oocytes, and mature insects, can be easily selected and operated using fluorescence techniques stereomicroscopes. Fluorescent stereo microscopes have a smoother workflow with rapid switching between fluorescence, filters, bright field, and easy zooming in and out as needed.
The lighting with fluorescence provides ergonomic workflow and documentation/imaging. The image analysis includes documenting behavioral changes and capturing mutant phenotypes. Stereo microscopy documentation also involves different digital color camera setups to offer a colorful image. Furthermore, the fluorescence illumination stereomicroscope can develop in the market with proper documentation and a 3D image. For example, GFP illuminators are used in stereomicroscopes to provide in-depth information on any field such as research, manufacturing of electronics, biology, medicine, biomedical engineering, materials science, and mechanical engineering.
Regional Analysis
The regional analysis has been made considering the trends of the stereo microscope market, in the regions of North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
North America has accounted for the largest market of revenue in the past and is expected to maintain dominance over the forecast years. In comparison, the U.S. and Canada are home to a large number of major companies. Revenue generated by these firms therefore contributes to business growth in North America. Also, the development of advanced microscopy systems provided by industry leaders, the strong and growing emphasis on nanotechnology, and the existence of a large number of major research institutes and universities in the area are driving industry growth in North America.
In the projected era Asia-Pacific is expected to rise at the fastest CAGR. Factors such as rising R&D funding for microscopy, increased application of correlative microscopy in life sciences and nanotechnology research, the establishment of collaborative microscopy research centers, low material costs, and the accessibility of low-cost skilled labor for OEMs in these countries are key factors promoting the growth of the Asia-Pacific microscopy market.
The presence of major firms in countries such as Japan and the growing number of local manufacturers in developing countries such as China and India are factors that drive APAC business growth. Additionally, the region is anticipated to give promising opportunities for the world's leading companies to tap into, and thus help bolster the region’s market.
Segmental Analysis
The global stereo microscope market is segmented into type, application, and fundamental type.
The stereo microscope market is segmented into industrial applications, medical applications, education applications, agriculture applications, and others based on the application.
Industrial Applications Is Leading the End-Use Segment
Increasing data needs to treat the illness leads this market to grow. The stereo microscope plays a significant role in the research field. It provides a high-resolution image that can be more helpful in the detailed study of the particular experiment. Stereo microscopes made by Euromex, for instance, offer high-resolution 3D images that are more durable, which ergonomic, making for lengthy, indefatigable research sessions in industrial manufacturing settings.
Due to the growing output of micro and nanoparticles in the semiconductor, electrical, and material industries, which have led to the demand for microscopes, the industry segment is expected to record the highest growth rate during the forecast era. Other factors leading to this sector's development are the availability of government and corporate financing and technical advances.
Based on the fundamental type, the stereo microscope market is divided into binocular and trinocular.
Greenough Type Is Expected to Expand Exponentially by 2029
In 2019, the Greenough type segment was expected to dominate the global stereo microscopes market. The Greenough model is extraordinarily popular and is still used by every major manufacturer today. The frame uses two identical single optical structures that are attached at an angle to the same stand. Two Porro prisms in the beam paths allow the image to be arranged upright and precise. This design is also comparatively cheap to produce.
For regular applications, for example, routine examination, PCB assessment, training, dissection, and so on, a Greenough style stereo microscope will be suitable. A Greenough model is more affordable and simpler to utilize. Thereby, this segment will register maximum growth in the coming years due to cost-effectiveness and regular usage.
