With the emergence and long-term Impact of COVID-19, the Global Cryo-electron Microscopy Market is to reach USD 2.6 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Cryo-electron Microscopy Market is poised to raise up to USD 2.6 Billion by 2030. Cryo-electron microscopy (Cryo-EM) is a cutting-edge imaging technique used in structural biology to visualize the three-dimensional structures of biological samples, such as proteins and macromolecular complexes, at near-atomic resolution. This technique has revolutionized the field of structural biology, enabling the study of previously inaccessible targets and contributing to advancements in drug discovery, bimolecular research, and understanding the fundamental mechanisms of life. The market drivers boosting the growth are increasing trials of cell and gene therapies and increasing demand for high-resolution imaging.
Cryo-EM plays a crucial role in characterizing the structures and interactions of viral vectors, gene delivery systems, and modified cells used in cell and gene therapies. By providing high-resolution imaging, Cryo-EM enables researchers to gain insights into the mechanisms and behavior of these therapies at the molecular level. According to Statista, in 2022, the United States witnessed over 574 ongoing clinical trials for cell and gene therapies, while Europe hosted 256 trials in the same domain. Moreover, increasing demand for Cryo-EM services and integration of Cryo-EM data with computational approaches is expected to create abundant opportunities. However, the high cost of Cryo-electron equipment and infrastructure and limited availability of skilled professionals stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Cryo-electron Microscopy Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 due to an increase in funding to support research activities, an increase in the number of clinical trials, and expanding applications in the healthcare and medical sectors. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as the growing adoption of cryo-EM in the pharma industry due to its expanding applications and rising R&D expenditure by the government to support advancements in the field.
The global Cryo-electron Microscopy Market is highly competitive owing to the presence of several key manufacturers such as Molecular Devices, LLC., Intertek Group plc, JEOL Ltd., Nikon Instruments Inc., Thermo Fisher Scientific Inc., Olympus Corporation, Helmet Hund GmbH, and others.
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Key findings of the study suggest:
- Global Cryo-electron Microscopy Market is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2023-2030.
- In the Technology segment, single particle analysis emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to an increase in the number of clinical trials.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Product & Service:
- Instruments
- Fully Automated Instruments
- Semi-Automated Instruments
- Software
- Services
By Technology:
- Electron Crystallography
- Single Particle Analysis
- Cryo-electron Tomography
- Other Technologies
By Voltage:
- 300 kV
- 200 kV
- 120 kV
By Application:
- Life Science Research & Academia
- Cancer Research
- Omics Research
- Pharma & Biotech Manufacturing
- Cell & Gene Therapy
- Vaccines
- Preclinical & Clinical Research
- Healthcare/Medical Applications
- Disease Diagnosis & Pathology
- Toxicology Studies
- Material Analysis
- Nanotechnology
- Other Applications
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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