According to FutureWise analysis, the market for micromanipulator is projected to expand at a CAGR of 25.6% from 2023-2031.
Micromanipulator is an instrument used to interact and manipulate a sample under a microscope. Micromanipulators are used where the movements need to be so precise they are on the submicron scale, impossible to do by hand. Metal particles and colloids are studied in industrial environments using micromanipulation. It can be done using inverted and upright microscopes. Microinjection systems, micropipette pullers, bevellers and micromanipulators which makes it easy for labs to produce their own micropipettes. They are used for different applications across the scientific disciplines and engineering including the life sciences, optics, and circuit engineering. Increasing demand of micromanipulators in life science applications like micro surgical, chemical and physiological operation led to the robust growth of the market.
Other applications like cell manipulation, transgenics, microinjection of adherent cells and others fuelled the growth of the market. Along with this, they have huge application in clinical research for the advancement of molecule development and contributed potential growth. Further, the rapid advancement of technologies led to the evolution of complete automatic equipment with superior optical performance and precision. Market is expected to witness huge capital investments in R D during the forecast period and it is expected to boost the growth of the market. The market is majorly dominated by top manufacturers and it is expected to witness new players during the forecast period.
Global market is dominated by North America due to high capital investments and high adoption. It expected to remain dominant throughout the forecast period due to a high concentration of top manufacturers. It is followed by Europe due to high penetration among the end user segment. The Asia Pacific and Latin America is the most opportunistic space for manufacturers due to increasing adoption of micromanipulators among the end user segment during the forecast period. Rest of the world is expected to account a small fraction of market share due to less adoption.