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Pareesh Phulkar

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Life Science Microscopy Devices Market for Huge Profits by 2026
In the field of drug development and research, use of microscopy devices for studies have become important to avoid failures and repetitions.

BriefingWire.com, 9/13/2019 - Technological advancements to enhance the quality of microscopes have become common over the past years. Rising demand for microscopy devices by researchers and academic institutes have encouraged manufacturers to develop new products with novel technologies to investigate different kinds of substances, cells, and materials at nanometer size. Thus, these microscopy devices are highly significant in nanotechnology, biotechnology, semiconductor, material science, and life science industries. Out of these, life science microscopy devices have high demand, as these instruments aid in the investigation or study of cellular interactions at biological levels and various other functions.

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The global life science microscopy devices market is projected to witness significant growth over the forecast period, owing to the increasing utilization of microscopes for research purpose in life science. For instance, in February 2015, the National Institute of Standards and Technology (NIST) researchers demonstrated the autonomous computer-controlled assembly of atoms in perfect nanostructures using a low temperature scanning tunneling microscope. Furthermore, some of the devices such as stereo microscopes are specifically used in production processes for soldering on a miniature scale and dissecting specimens in biology.

Thus, adoption of these devices by pharmaceutical and biotechnology manufacturers for the production of new drugs and therapies is expected to drive growth of the market. Moreover, increasing research and development expenditure by government bodies fosters growth of the life science microscopy devices market. For instance, the Government of India is majorly investing in research, education, and innovation since 2013 and the government is estimated to invest US$ 5 billion into science and technology over the next five years, as announced by the chairman of the Science Advisory Council to the Prime Minister.

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