Cryo-electron microscope market predicted to rise 8.97 percent

A market research report has anticipated that the global cryo-electron microscope market will increase at a compound annual growth rate (CAGR) of 8.97 percent in the forecast period 2019 to 2025.

It is predicted the market worth will rise to US$632.3 million, up from the value of US$347.1 million in 2018.

QY Research, who published the findings, expect that the growth will come as a result of investment in research. The precise and accurate imaging of complex molecules has created high demand for the product. More investment within drug development by pharmaceutical companies has also widened the possibilities for the global cryo-electron microscope market.

Some of the leading players operating in the global cryo-electron microscope market include Thermo Fisher Scientific, JEOL and Hitachi.

The report projects that North America will continue to lead the global market, due to a strong healthcare infrastructure.

Asia Pacific will also become a major player within the cryo-electron microscope market as research and development in the region surges. Rapidly rising medical tourism in the region, especially in the developing countries of India and China, is expected to give the regional market an additional boost.