The global market for microscopy devices was valued at $3 billion in 2011 and is expected to reach an estimated value of $6.2 billion in 2018 – a compound annual growth rate (CAGR) of 11 percent between 2012 and 2018 – according to Microscopy Devices Market (Optical, Electron and Scanning Probe Microscopes, Semiconductor, Life Sciences, Nanotechnology, Material Sciences) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018, a new market report published by Transparency Market Research. An increasing global focus on nanotechnology research is a major driving factor behind the market growth in microscopy devices, the firm said. Nanotechnology is finding extensive applications in the field of life sciences as well as materials sciences and semiconductors, and therefore it is encouraging governments and corporate enterprises across the globe to support R&D initiatives through public funding. Nanotechnology and precision manufacturing industries such as medical device and semiconductor manufacturing boosts the adoption rate of advanced microscopes, which drives the microscopy device market significantly. The microfluidic device market is expected to reach $5.7 billion by 2018, and the 28 percent compound annual growth rate will be fueled largely by point-of-care applications and pharmaceutical research, according to Microfluidic applications in the pharmaceutical, life sciences, in vitro diagnostic and medical device markets, a new report from Yole Développement of Lyon, France. The health care industry is moving toward personalized medicine, which means that the line between traditional markets such as pharmaceuticals and the in vitro diagnostic markets has blurred. More than ever, rapid, accurate tests are needed to increase pharmaceutical research yield and better monitor/cure patients. Microfluidics can help to fill this need. For more information or to buy the report, visit www.yole.fr. Courtesy of Yole Développement. North America held the largest market share in 2011: more than 35 percent. A focus on R&D in nanotechnology and life sciences industries, coupled with large federal and corporate funding in this region, serves the market as a significant driver, Transparency Market Research reported. But, the firm added, the Asian microscopy device market is expected to grow at the fastest CAGR during the forecast period to become the largest market in 2018. In 2011, Olympus Corp. held the largest market share of the optical microscopes market, while Hitachi High-Technologies Corp. topped the electron microscopes market. Some of the other companies discussed in the report are Nikon Corp., FEI Co., JEOL Ltd., Leica Microsystems and Carl Zeiss. The market report covers the following technologies: optical microscopes, inverted microscopes, stereomicroscopes, phase contrast microscopes, fluorescence microscopes, confocal scanning microscopes, near-field scanning microscopes, electron microscopes, transmission microscopes, scanning electron microscopes, scanning probe microscopes, scanning tunneling microscopes, atomic force microscopes and others. For more information, or to purchase the market report, visit www.transparencymarketresearch.com/microscopy-market.html.