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The Asia-Pacific microscopy market is forecasted to grow with a CAGR of 7.24% between the years 2019-2027. The total revenue earned by this market is also projected to increase and contribute the second-highest share in the global market by 2027.
The Asia-Pacific market is mainly expanding on account of the increasing deployment of high-resolution microscopes for the semiconductor industries across various Asia Pacific countries such as China, India, Japan, South Korea, Australia, and parts of Rest of Asia Pacific. The market of Australia is predicted to exhibit the highest CAGR growth over the forecast period. The Australian market is primarily being propelled by the expanding advancements of the microscopes being introduced in the country. Australia is a world-leading location for the life sciences and has been ranked among the top five in biotechnology innovation for the third consecutive year. However, a lack of skilled personnel in APAC, combined with the fact that there is still some reluctance amongst the customers to upgrade the equipment are factors that are hindering the market growth.
Some of the key applications of microscopes in the Asia Pacific region include use in the semiconductor industry, material science, life science, industries, academic institutes, etc. The high-resolution microscopes are deployed for identifying the defects in semiconductor circuits.
Nikon Corporation, JPK Instruments AG, Olympus Corporation, Danaher Corp., JEOL Ltd., Bruker Corporation, Hitachi, Ltd., Thermo Fisher Scientific Inc., Bayer AG, Carl Zeiss Meditec AG, Danish Micro Engineering (acquired by SemiLab ZRT), Oxford Instruments PLC, GE Healthcare, Agilent Technologies, Inc., and Alcon Laboratories (acquired by Novartis), etc. are few of the eminent players in this market.