Number of pages: 100 | Report Format: PDF | Published date: March 22, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 711.04 million |
Revenue Forecast in 2031 |
US$ 1,290.81 million |
CAGR |
6.85% |
Base Year for Estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments Covered |
Type, Technology, Component, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global fluorescent imaging market was valued at US$ 711.04 million in 2022 and is expected to register a revenue CAGR of 6.85% to reach US$ 1,290.81 million by 2031.
Fluorescent Imaging Market Fundamentals
Fluorescent imaging or fluorescent microscopy is used to visualize specific molecules or structures in biological samples. It involves fluorescent probes, which are molecules that absorb light of a certain wavelength and then emit light of a longer wavelength. Fluorescent probes can label various biomolecules, such as proteins, DNA, and RNA. They can be detected using specialized fluorescent microscopes and imaging systems. The technique allows researchers to study the behavior and characteristics of specific molecules or structures in living cells and tissues, providing insights into various cellular processes and disease mechanisms.
The principle of fluorescent imaging is based on the property of certain molecules to absorb light at a specific wavelength and emit light at a longer wavelength. This property is called fluorescence and is used to visualize and study biological specimens at the cellular and molecular levels. Fluorescent imaging works by exciting fluorescent molecules with a specific wavelength of light, typically in the ultraviolet or visible range. This excitation causes the fluorescent molecules to absorb the energy and move to a higher energy state. The molecules then emit light at a longer wavelength, typically in the visible range, which can be detected and visualized with a microscope.
Fluorescent imaging is widely used in various applications, including cell biology, molecular biology, neurobiology, immunology, and drug discovery. It is also used in diagnostic tests for cancer and infectious diseases, where fluorescent probes can detect specific biomarkers in patient samples. Advancements in imaging technologies, such as confocal and super-resolution microscopy, have further enhanced the capabilities of fluorescent imaging, enabling the visualization of structures and events at a high spatial and temporal resolution.
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Fluorescent Imaging Market Dynamics
The global fluorescent imaging market is primarily driven by its increased application in research and development. Fluorescent imaging allows for the visualization of specific molecules and cellular structures in real-time, providing researchers with valuable insights into biological processes. Additionally, fluorescent imaging is non-invasive and can be used to study living cells and tissues, reducing the need for animal experimentation. Moreover, molecular interactions can also be studied using fluorescence imaging. Fluorescence lifespan, in addition to the spectrum features of fluorophores, may assist in extracting very useful functional properties from biological material.
Launching new and innovative fluorescent imaging systems is another factor in fueling the market revenue share. For instance, in June 2021, CytoSmart Technologies, acquired by Axion BioSystems in 2022, introduced two new fluorescence live-cell imaging systems, the Lux3 FL Duo Kit and the Multi Lux3 FL. The CytoSmart Lux3 FL Duo Kit is a compact and inexpensive imaging device with two fluorescence microscopes for side-by-side evaluation of cell cultures. The CytoSmart Multi Lux3 FL fluorescence live-cell imaging system comprises four small Lux3 FL devices, each with two fluorescent (green and red) and one brightfield channel. It is intended for long-term comparative studies and bigger research teams. The imaging system is ideal for comparative studies, versatile, incubator friendly, and can be remotely automated via CytoSmart Cloud.
Fluorescent imaging offers high sensitivity and specificity, making it a powerful tool in diagnostic techniques. Additionally, fluorescent probes can be targeted to specific molecules or cells, allowing for precise detection and localization of disease markers. Additionally, fluorescent imaging allows for the non-invasive detection of cancerous tissues with high sensitivity and specificity. It also enables real-time visualization of tumor margins during surgery, leading to the more precise removal of cancerous tissue and better patient outcomes.
However, the limiting factor for the fluorescent imaging market is the high equipment cost and the lack of accessibility to advanced technology in developing countries.
Fluorescent Imaging Market Ecosystem
The global fluorescent imaging market is analyzed from four perspectives: type, technology, component, end user, and region.
Fluorescent Imaging Market by Type
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Based on type, the global fluorescent imaging market is segmented into inverted fluorescence microscopy and upright fluorescence microscopy.
The upright fluorescence microscopy segment dominates the global fluorescent imaging market. When compared with standard, inverted fluorescence imaging, upright fluorescent imaging has various advantages, including the ability to photograph larger materials and the possibility for improved resolution due to less light scattering. Moreover, upright microscopes can accept a broader range of sample kinds and sizes, making them versatile instruments for various research applications. Additionally, upright fluorescent imaging allows for better visualization of 3D structures and deeper tissue penetration compared to traditional fluorescence microscopy. It enables the study of live organisms and tissues in their natural orientation.
The inverted fluorescence imaging segment is expected to register significant revenue growth during the forecast period. This is because inverted fluorescence imaging has better access to samples for manipulation and observation and improved imaging of live cells in culture. Additionally, inverted microscopes have high numerical aperture objectives that provide superior resolution and sensitivity for fluorescence imaging.
Fluorescent Imaging Market by Technology
Based on technology, the global fluorescent imaging market is segmented into wide-field imaging, total internal reflection fluorescence imaging (TIRF), and confocal imaging.
The wide-field imaging is a rapid and easy approach with an advantage in single-cell layer imaging. However, it has a deprived SNR and a limitation in 3D imaging. Recent research in wield field of 3D imaging has shown significant results employing spatially structured light. Moreover, fluorescence in wide-field imaging is ideal for imaging thin specimens, such as single-cell layer imaging and macroscopic structure. When tightly glued to a smooth surface, these specimens can reduce the amount of out-of-focus light that enters. WF imaging resolution may be increased by applying spatially structured light.
TIRF significantly lowers background noise. Additional benefits of TIRF include the ability to get high-contrast pictures of fluorophores near plasma membranes and decreased cellular photodamage and exposure periods.
Confocal fluorescent imaging has many advantages. The primary benefit is the capability to do precise optical sectioning, eliminating stray light above and below the focus plane, improving contrast, and enabling 3D reconstruction by integrating the image data from a stack of pictures using a computer. Confocal scanning microscopy is the most often used optical sectioning technique for fluorescence imaging. Additional advantages of confocal microscopy include altering the depth of focus and removing or reducing background information distant from the focal plane.
Fluorescent Imaging Market by Component
Based on component, the global fluorescent imaging market is segmented into equipment and software consumables.
The equipment segment accounted for the majority of the global fluorescent imaging market revenue share in 2022. Fluorescence imaging by equipment offers numerous advantages, including high sensitivity, specificity, and resolution. It allows for real-time visualization of biological processes. It can be used in medical diagnosis, drug discovery, and environmental monitoring applications.
The software consumables segment is expected to grow rapidly in the forecast years. Software consumables eliminate the need for physical consumables, such as gels, stains, and filters. This reduces the overall cost of performing fluorescence imaging. Moreover, software consumables allow for high sensitivity and detection of low-abundance targets. This is particularly useful in applications, such as single-cell analysis and biomarker detection. Software consumables allow for easy customization of experimental parameters, such as exposure time, filter settings, and image analysis algorithms. This enables researchers to optimize their imaging protocols for their specific research needs. The software consumables for fluorescence imaging offer a cost-effective, time-efficient, and customizable solution for high-sensitivity and versatile imaging applications.
Fluorescent Imaging Market by End User
Based on the end user, the global fluorescent imaging market is segmented into research laboratories, hospitals, diagnostics centers, and others.
The research laboratories segment accounts for the majority of the market revenue share. Fluorescent imaging is a powerful tool used in research laboratories to visualize and study biological processes at the cellular and molecular levels. It allows researchers to track molecules’ movement, monitor gene expression changes, and investigate protein-protein interactions. Moreover, fluorescent imaging is a powerful tool for researching genetic diseases, allowing scientists to visualize and track specific molecules and cells within living organisms. This technique has revolutionized the field of genetics by providing insights into disease mechanisms and potential treatments.
Fluorescent Imaging Market by Region
Based on the region, the global fluorescent imaging market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominates the fluorescent imaging market with the largest revenue share. Fluorescent imaging in North America has seen significant advancements in recent years, particularly in biotechnology and medical research. These advancements have allowed for greater precision and accuracy in imaging techniques, leading to improved diagnoses and treatments. Moreover, due to strong research centers in North America, the fluorescent imaging market is expected to show high revenue growth in the forecast period.
The Europe fluorescent imaging market is characterized by advancements in technology and research, leading to new applications in various industries, such as medicine, biology, and environmental science. Moreover, many major players in Europe are launching innovative fluorescent imaging systems.
Asia Pacific is predicted to be the fastest-growing region in the fluorescent imaging market over the forecast period. This growth can be majorly attributed to the rising healthcare standards and increasing investments in life sciences by public and private organizations.
Fluorescent Imaging Market Competitive Landscape
The fluorescent imaging market has a moderately competitive landscape due to continuous new product introductions, mergers, and acquisitions. Launching new devices, securing permission for such items, and participating in other activities, such as user education, are primary growth tactics many organizations focus on. Furthermore, the market segmented technological advancement and easy accessibility as superior growth strategies.
The prominent companies with the largest revenue share in the global fluorescent imaging market are:
Fluorescent Imaging Market Strategic Developments
The global fluorescent imaging market was valued at US$ 711.04 million in 2022.
The global fluorescent imaging market is expected to grow at a revenue CAGR of 6.85% during the forecast period.
The upright fluorescence imaging segment accounts for the largest revenue share in the global fluorescent imaging market.
Anmo Electronics Corp., Bruker Corp., Cairn Research Ltd, and Chongqing Coic Industrial Co. Ltd. are among the key players in the global fluorescent imaging market.
Asia Pacific is expected to observe the highest revenue growth in the global fluorescent imaging market during the forecast period.
*Insights on financial performance are subject to the availability of information in the public domain