Cryo-electron Microscopy Market Size Envisaged to Reach USD 3.41 Billion By 2032, at a CAGR of 11.4%: Polaris Market Research
NEW YORK, Sept. 22, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Cryo-electron Microscopy Market Share, Size, Trends, Industry Analysis Report, By Product (Software, Services, Instrument); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.
"According to research report, the global cryo-electron microscopy market size/share was valued at USD 1.16 Billion in 2022 and is expected to touch USD 3.41 Billion By 2032, growing at a CAGR of 11.4% during the forecast period."
What is Cryo-electron Microscopy? How Big is Cryo-electron Microscopy Market Size & Share?
Cryo-electron microscopy is a cryogenic electron microscopy technique that is used to elucidate the structures of macromolecular complexes. For biological specimens, the samples are preserved by embedding in an environment of vitreous water. A grid mesh is coated with an aqueous sample solution, which is then plunge-frozen in liquid ethane or a combination of liquid ethane and propane.
The research field of structural biology has been transformed by Cryo-electron microscopy, which has made it possible to get precise 3D structures of intricate biological molecules. This technique has become an important tool for drug discovery, disease research, and protein engineering. Cryo-electron microscopy can be used to study large and complex molecules, like proteins and viruses, that are difficult to analyze using other imaging techniques. Rising demand for high-resolution imaging of biological molecules is primarily driving the Cryo-electron microscopy market size growth.
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Cryo-electron Microscopy Market: Report Scope
Prominent Growth Driving Factors
Focus on nanotechnology: Rising emphasis on nanotechnology has led to an increase in the use of Cryo-electron microscopy worldwide. Numerous academic and research institute has surged the adoption of highly technological Cryo-electron microscopes, which is enhancing the Cryo-electron microscopy market growth.
Drug discovery: Cryo-electron microscopy is majorly used in drug discovery, disease research, and protein engineering due to its high resolution and ability to image large and complex molecules.
Development of new and advanced Cryo-electron microscopy imaging technologies: As researchers look for more precise and accurate ways to image biological molecules, the development of new and advanced Cryo-electron microscopy imaging technologies drives market expansion. These advancements involve electron detectors, software algorithms for image analysis, and sample preparation methods.
Prevalence of chronic diseases: Growing prevalence of chronic illnesses like cancer, Alzheimer's, and cardiovascular diseases fuels the demand for advanced imaging technologies like Cryo-electron microscopy. This is due to the ability of Cryo-electron microscopy to investigate the structure of disease-causing proteins, which contributes to a better comprehension of the underlying molecular causes of many illnesses. This factor boosts the Cryo-electron microscopy market growth.
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Recent Trends Influencing the Market
Research and Investment: Governments, biotechnology organizations, and academic institutions invest in life sciences research, such as Cryo-electron microscopy research, in order to develop novel treatments and therapies for various diseases. This is one of the key Cryo-electron microscopy market trends positively influencing the industry growth.
For instance, In September 2021, the University of California, San Francisco (UCSF) opened a new Cryo-EM facility with six new microscopes, making it the largest Cryo-EM facility in the world. The facility will support structural biology, biophysics, and drug discovery research.
The instrument segment witnessed the largest market share in 2022
Based on product, instrument category accounted for the major Cryo-electron microscopy market share in 2022 as it plays an essential role in the Cryo-electron microscopy imaging process and provides benefits and limitations. The instrument selected will depend on the particular application, as well as the resolution and throughput goals. The instrument segment is anticipated to grow as the demand for Cryo-electron microscopy imaging is likely to grow in the biotechnology, pharmaceutical, and academic research industries.
The scanning electron microscopy segment dominates the market.
By technology Cryo-electron microscopy market segmentation, scanning electron microscopy category accounts for a significant revenue share. This is because it is highly in demand for particle size analysis due to its resolution of 10 nm, that is, 100 Å. To create an image, a SEM scans a surface with a concentrated stream of electrons. The interaction between the electrons in the beam and the sample results in a number of signals that can be used to learn more about the topography and composition of the surface.
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North America is predicted to hold the greatest market share during the forecast period.
In terms of geography, Cryo-electron microscopy market in North America is expected to dominate the market owing to factors including increasing technological developments in microscopy, new product launches, and rising R&D investments. Major companies in the North American industry are frequently releasing new goods and broadening their product lines to meet the rising demand.
Moreover, increasing investments in R&D by government and private firms are boosting the Cryo-electron microscopy market growth in North America. Also, growing microscopy technology developments are propelling the regional market growth. Overall, these factors are anticipated to continue to drive the development of the market in North America throughout the foreseen period.
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Key Questions Answered in The Report
Polaris Market Research has segmented the Cryo-electron Microscopy market report based on product, technology, application, and region:
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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