Global Cryo-electron Microscopy Market by Product Type, by Application, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Forecast from 2020 to 2029

The global cryo-electron microscopy market is expected to be valued around US$ 1 Billion in 2029 and is projected to register a CAGR of 8.9% over the 10-year period. The cryo-electron microscopy market report has been segmented on the basis of type, application, and region.

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Cryo-electron Microscopy: Overview

Cryo-electron microscopy refers to as Transmission Electron Microscopy (TEMs) that use electron beams to examine and analyze structures of materials and molecules at an atomic scale. Cryo-electron microscopy is used for understanding the functions and interactions of biomolecules as it is fundamental to the biochemistry industry. This supports the process undertaken to develop innovative and advanced drugs as well as medical treatments in order to treat symptoms of diseases. For instance, during the recent Zika virus outbreak in Brazil, researchers created a 3D high-resolution image of Zika virus structure in a few months using cryo-electron microscopy. This procedure provided support in initiating research to identify possible sites that can be targeted by drugs to prevent spread of Zika virus.

Dynamics: Global Cryo-electron Microscopy Market

Increasing application of Cryo-electron microscopes in the area of biological science, material science, and other related sectors for sample preparation, sample screening, data acquisition, image processing, and structure validation is expected to boost the growth of Cryo-electron microscopy market during the forecasted years.

Cryo-electron microscopy is widely used for clinical trials, diagnostics, toxicology, and pathology. Hence the government from different nations is taking initiatives to encourage and support research and development activities in the field of bioscience, and life science that is helping the market growth.

Microscopes serve an essential role in detailing the behavior of biological matter with drugs: therefore, manufacturers are focusing more towards rising investment for drug development and technology advancement which is likely to boost the growth of Cryo-electron microscopy market in coming years

This technique is costly, and it takes time to generate the sample also fully hydrated specimen is electron-beam sensitive, which can hamper the growth of Cryo-electron microscopy in coming years.

Key players are highly present in North America and Europe owing to the availability of adequate R&D facility. However, the major players in the field of life science see new opportunities in Asian market especially China, and India the world's second-largest pharmaceutical market, as the government impulses for innovation for a healthier country.

Opportunity Map Analysis:

Going by an optimistic scenario, the global cryo-electron microscopy market revenue is projected to expand at a CAGR of over 10% and reach a value of more than US$ 1200 Mn in 2029. Considering a likely scenario, the global market revenue is expected to expand at a CAGR of 8.9% and reach a value of around US$ 1000 Mn. While a conservative scenario would result in the global cryo-electron microscopy market registering a CAGR of around 7% and value of around US$ 900 Mn over the 10-year period.

Global Cryo-electron Microscopy Market Segment Analysis:

By Type: The 300kV Cryo-EM type segment is expected to record highest revenue share and register highest CAGR of more than 10% over the 10-year period. The 200kV Cryo-EM segment is projected to account for second-highest revenue share and register considerably higher CAGR over the next 10 years.

By Application: The academic and research institute segment is projected to dominate the other segments in the target market and register comparatively higher CAGR of more than 9.6%.

Global Cryo-electron Microscopy Market: Analysis by Region:

North America cryo-electron microscopy market is projected to record largest revenue share and is expected to continue to contribute largest revenue share over the next 10 years. Among the three countries, the US, Canada, and Mexico, the US market is expected to dominate in the North America market and register highest CAGR over the next 10 years.

Europe market is expected to follow the North America market in terms of revenue share. Asia Pacific market is projected to register second-highest CAGR over the 10-year period.

Key Developments by Companies:

Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics under the Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, and Unity Lab Services brands worldwide.

Key Developments:

Year 2018

Contracts/Agreements: In January, the company launched the Ion GeneStudio S5 Series, a new line of bench top next-generation sequencing instruments which provides unmatched flexibility and scalability.

Contracts/Agreements: In January, Thermo Fisher Scientific entered into agreement with Illumina for research market broader access to ion ampliseq technology.

Corporate Awards: In February, the company was recognized as the winner of the 2017 Manufacturing Leaders' Innovation Award.

Contracts/Agreements: In March, the company and the Montreal Neurological Institute partnered to fight Neurodegenerative disease.

Contracts/Agreements: In March, the company entered into a partnership with BioDiscovery, Inc., to provide an end-to-end solution for cancer researchers.

Corporate Awards: In March, the company's Thermo Scientific Krios G3i Cryo-electron microscope was recognized as a finalist in the molecular analysis category, at the 2018 Edison Awards.

New Products/Services: In February, the company launched an Axiom Microbiome Array for research.

Year 2017

Acquisitions/Mergers/Takeovers: In May, the company announced plans to acquire Patheon, a contract development and manufacturing organization.

Contracts/Agreements: In June, the company signed a co-marketing agreement with Biognosys for creating library and data processing for Data-Independent Acquisition (DIA) studies.

Contracts/Agreements: In June, the company and Uppsala University collaborated to change the way allergy and asthma are treated with the discovery of immunoglobulin (IgE) antibody, the ImmunoDiagnostics starting point for the company.

Contracts/Agreements: In June, the company's CEDIA Buprenorphine-II assay secured 510(k) clearance from the US FDA and CE Mark approval from the European Union.

Global Cryo-electron Microscopy Market Segmentation: 

By Product Type:

• 300kV Cryo-EM
• 200kV Cryo-EM
• 120kV Cryo-EM

By Application:

• Academic and Research Institute
• Pharma and Biotech
• Contract Research Organization
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa