Microscope Market

The article delves into the increasing demand for microscopes and diffraction apparatus worldwide, with projections for market performance from 2022 to 2030. It discusses consumption trends, production volumes, import and export statistics, as well as per capita consumption rates in various countries. The analysis highlights key players in the market, growth rates, and fluctuations in prices over the years.

Market Forecast

Driven by increasing demand for microscopes and diffraction apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $26.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Microscopes And Diffraction Apparatus

In 2022, approx. 881K units of microscopes and diffraction apparatus were consumed worldwide; growing by 21% against 2021 figures. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.4% against 2018 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global microscope market size skyrocketed to $22.2B in 2022, growing by 119% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a strong expansion. As a result, consumption reached the peak level of $23.4B. From 2021 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (273K units), the Czech Republic (142K units) and Japan (134K units), with a combined 62% share of global consumption. India, Israel, China, Argentina, Brazil and Canada lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +78.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($14.6B) led the market, alone. The second position in the ranking was held by Japan ($740M). It was followed by India.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +67.5%. In the other countries, the average annual rates were as follows: Japan (+27.8% per year) and India (+7.8% per year).

In 2022, the highest levels of microscope per capita consumption was registered in the Czech Republic (13 units per 1000 persons), followed by Israel (3.8 units per 1000 persons), Japan (1.1 units per 1000 persons) and the United States (0.8 units per 1000 persons), while the world average per capita consumption of microscope was estimated at 0.1 units per 1000 persons.

In the Czech Republic, microscope per capita consumption expanded at an average annual rate of +33.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Israel (+34.8% per year) and Japan (+27.7% per year).

Production

World Production of Microscopes And Diffraction Apparatus

In 2022, global production of microscopes and diffraction apparatus amounted to 596K units, surging by 2.8% compared with the year before. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 13% against the previous year. As a result, production reached the peak volume of 724K units. From 2018 to 2022, global production growth failed to regain momentum.

In value terms, microscope production expanded modestly to $3.1B in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. As a result, production reached the peak level of $4.3B. From 2018 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (247K units), the Czech Republic (161K units) and China (93K units), together accounting for 84% of global production. India, the Netherlands, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Microscopes And Diffraction Apparatus

In 2022, global microscope imports amounted to 826K units, growing by 11% against the previous year's figure. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 78%. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, microscope imports surged to $3.2B in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 57%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

The United States dominates imports structure, amounting to 478K units, which was near 58% of total imports in 2022. It was distantly followed by Israel (50K units), creating a 6% share of total imports. Argentina (29K units), India (29K units), South Korea (24K units), the UK (22K units), Singapore (17K units), Brazil (17K units), Canada (16K units) and Australia (14K units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to microscope imports into the United States stood at +71.3%. At the same time, Argentina (+78.1%), Israel (+38.8%), India (+28.8%), Brazil (+25.7%), South Korea (+12.2%) and the UK (+2.8%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in the world, with a CAGR of +78.1% from 2012-2022. Canada, Australia and Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States, Israel, Argentina and India increased by +57, +5.2, +3.5 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($669M) constitutes the largest market for imported microscopes and diffraction apparatus worldwide, comprising 21% of global imports. The second position in the ranking was held by the United States ($304M), with a 9.4% share of global imports. It was followed by Israel, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to +5.1%. In the other countries, the average annual rates were as follows: the United States (+3.4% per year) and Israel (+13.9% per year).

Import Prices By Country

The average microscope import price stood at $3,895 per unit in 2022, surging by 15% against the previous year. Overall, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 114%. Over the period under review, average import prices reached the peak figure at $17,326 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($28,428 per unit), while Argentina ($74 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.1%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Microscopes And Diffraction Apparatus

After two years of growth, shipments abroad of microscopes and diffraction apparatus decreased by -9.6% to 542K units in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of 599K units, and then shrank in the following year.

In value terms, microscope exports rose significantly to $2.4B in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 41% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, the United States (206K units) represented the largest exporter of microscopes and diffraction apparatus, comprising 38% of total exports. Japan (118K units) ranks second in terms of the total exports with a 22% share, followed by China (11%), the UK (5.7%), the Netherlands (4.7%) and the Czech Republic (4.7%). Taiwan (Chinese) (14K units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +58.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($730M), the Netherlands ($634M) and Japan ($376M) appeared to be the countries with the highest levels of exports in 2022, with a combined 72% share of global exports. The UK, the United States, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further 9.2%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +23.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average microscope export price amounted to $4,484 per unit, growing by 21% against the previous year. In general, the export price saw a perceptible expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. The global export price peaked at $8,274 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($28,899 per unit), while China ($347 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+28.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform