Albany NY, USA, May 24, 2022 (GLOBE NEWSWIRE) — Advances in automated digital microscope technologies have pivoted the application of the lens array in biomedicine. OEMs in the objective lens market have expanded their product lines to meet the demand for advanced microscopic methods for use in life sciences and diagnostic instruments. The global market is expected to grow at a CAGR of 5.1% during the forecast period 2021-2031.
The adoption of emerging products in high-precision automated digital microscopes and semiconductor wafer inspection is enriching the future market demand for objective lenses. The widespread application of digital pathology scanners and cell imaging instruments in the healthcare and life science industries has boosted product sales in the objective lens market.
Growing awareness of proper cleaning and disinfection methods for objective lens types based on classification and specifications is driving the outlook for the objective lens market. It also requires a complete understanding of the specifications of all purposes among end-use industry users. The increasing use of CAD (computer-aided design) software has enabled OEMs and manufacturers to develop products that can meet current and emerging use in several semiconductor applications.
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Key Findings from the Objective Lenses Market Research
- Growing use in biomedical applications generates additional opportunities: A wide range of photonic technologies are used in life science imaging instruments. The need for multi-element designs in lenses for a host of biomedical and healthcare applications has boosted the growth prospects of the objective lens market. The widespread adoption of the objective lens in automated digital microscopes for high-throughput, high-resolution applications such as imaging biological samples is a key trend that has generated steady revenue streams for objective lens market players.
- Substantial demand in the semiconductor industry creates stable revenue streams for market players: Rising demand for advanced imaging products in metrology has opened up promising avenues in the objective lens market. Objective lens technology is widely commercialized in interferometers. The objective lens market offers huge revenue streams for players who develop products to meet semiconductor applications. Advanced mounting techniques and better functional flex hinges have boosted product adoption in semiconductor applications, analysts of a TMR study of the objective lens market observed. The penetration of digital imaging technologies in semiconductor inspection devices is fueling demand. The growing number of PCB inspection microscopes on the market has created lucrative opportunities over the past few years.
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Objective Lenses Market: Key Drivers
- Continuous advancements in photonics and optics relating to microscopy equipment and imaging devices are shaping the expansion of avenues in the objective lens market
- Advancement in objective lens manufacturing techniques plays a pivotal role in product development in the objective lens market. This includes a focus on improving lens coating technologies and substrate materials. One example is the development of FTIR (Fourier Transform Infrared) imaging microscopes.
- The increase in R&D activities in laboratories and research centers, especially in the health industries, is increasingly based on the adoption of advanced imaging technologies
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Goal – All industrial manufacturers and Key Market Players
Some of the major players in the lens market are Thorlabs, Inc., Meiji Techno Co., Ltd., Mitutoyo Corporation, Newport Corporation, OLYMPUS CORPORATION, Thermo Fisher Scientific Inc., Leica Microsystems, Nikon Instruments Inc., Carl Zeiss Microscopy. GmbH, KYOCERA SOC Corporation and Jenoptik AG.
Objective Lenses Market – Segmentation
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- 1x – 10x
- 16x – 40x
- 50x – 100x
- Above 100x
- Semiconductor inspection system
- laser processing machine
- Others (telescopes, education, etc.)
- Health and life sciences
- Semiconductor and electronics
- Others (automotive, academia, etc.)
- North America
- Asia Pacific
- Middle East and Africa
- South America
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