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Microcrystal Electron Diffraction (MicroED) Service Market Size is valued at USD 2.04 Bn in 2023 and is predicted to reach USD 3.10 Bn by the year 2031 at a 5.52% CAGR during the forecast period for 2024-2031.
Microcrystal electron diffraction is a method for analyzing microcrystalline samples that can reveal their atomic structure (MicroED service). Materials science, structural biology, and chemistry all utilize it. Hence, the increasing need in the market has put microED in great demand. The international market for microcrystal electron diffraction (MicroED) services is anticipated to experience expansion due to the method's usefulness in drug development and molecular biology, where it can analyze the structure of both large biological molecules and small chemical molecules.
Recent developments in MicroED technology have also enhanced sample preparation, data collection, and structural determination, all of which contribute to higher analysis resolution and accuracy. These updates make MicroED a better choice for precise structural analysis on microcrystalline samples. A robust scientific community and supportive government programs are meant to encourage using microcrystal electron diffraction (MicroED) services. The rising demand for these services in sectors like pharmaceuticals and materials research are all factors propelling this expansion and, in turn, raising the level of competition in the global market, which is expected to boost the market expansion in the coming years.
However, the high cost of microcrystal electron diffraction (MicroED) service and the need for expert individuals in underdeveloped nations may limit the growth of the target market during the forecast period. Furthermore, increasing R&D activities, technological advancement, rising industrialization, and investments made by well-known companies are predicted to open up promising revenue growth chances for companies operating on a worldwide scale microcrystal electron diffraction (MicroED) service market over the forecast period.
Competitive Landscape
Some Major Key Players In The Microcrystal Electron Diffraction (MicroED) Service Market:
- Viva Biotech
- NanoImaging Services
- XtalPi Inc
- Wuxi Biortus Biosciences Co. Ltd.
- ReadCrystal
- Creative Biostructure
- Shuimu Biosciences
- NovAliX
- ELDICO Scientific
- Thermo Fisher Scientific
- Other prominent players
Market Segmentation:
The microcrystal electron diffraction (MicroED) service market is segmented based on type and application. The type segment consists of single crystal cultivation, and no single crystal cultivation is required. By application, the market is segmented into proteins, small molecules and others.
Based On Type, The Single Crystal Cultivation Segment Is Accounted As A Major Contributor In The Microcrystal Electron Diffraction (Microed) Service Market.
The single crystal cultivation category will hold a major share in the global microcrystal electron diffraction (MicroED) service market in 2022. This is attributed to the fact that they produce high-quality diffraction patterns with distinct spots. Improved structural information allows for more precise atomic position determination, and using single crystal cultivation for MicroED expands the technique's applicability to a wider range of materials, including organic molecules, inorganic compounds, and biological macromolecules. This is why MicroED finds applications in so many scientific domains.
Proteins Segment Witnessed Growth At A Rapid Rate.
The protein segment is projected to grow rapidly in the global microcrystal electron diffraction (MicroED) service market because growing protein structures can be determined at atomic or near-atomic resolution using MicroED. Understanding proteins' complex folding, function, and interactions requires this degree of specificity. The investigation of protein-ligand interactions is essential for drug discovery, and MicroED has demonstrated potential in this area. Protein complexes with small molecule ligands have their structures determined using this method, providing valuable information on binding interactions that may be utilized for therapeutic reasons. There is an increase in demand for microcrystal electron diffraction (MicroED) services in the proteins segment, especially in countries such as India, China, the US, Germany and the UK.
In The Region, The North American Microcrystal Electron Diffraction (Microed) Service Market Holds A Significant Revenue Share.
The North American microcrystal electron diffraction (MicroED) service market is expected to record a large market revenue share in the near future. The technical improvement in the region is responsible for the growing use of microcrystal electron diffraction (MicroED) service. In addition, there is a focus on R&D, especially in nations that are pouring more and more money into scientific research and the creation of pharmaceuticals. Specific to this area, with an emphasis on its particular requirements and potential for expansion in the region, are factors multiplying the growth of the target market in the region. In addition, Asia Pacific is estimated to grow at a rapid rate in the global microcrystal electron diffraction (MicroED) service market due to factors impacting market dynamics, including developments in technology, rising interest in molecular and structural analysis across disciplines, and a need better to understand the chemical and biological macro- and small-molecular structures.
Recent Developments:
- In June 2023, Viva Biotech Ltd. And DP Technology Co., Ltd. joined forces to advance RNA-targeted small molecule drug discovery based on AI4S. This strategic partnership will allow them to fully utilize their respective resources and work closely together, taking advantage of the synergies and complementarities between their businesses and technologies.
- In August 2023, NanoImagingServices introduced new cryo-TEM services to assist in the characterization of biologics in a way that complies fully with GMP regulations. With the use of cryo-TEM services, biotech companies can learn more about the reliability and uniformity of their production processes and final goods. The level of detail that scientists can see and comprehend in their new goods is unmatched.
Microcrystal Electron Diffraction (MicroED) Service Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.04 Bn |
|
Revenue Forecast In 2031 |
USD 3.10 Bn |
|
Growth Rate CAGR |
CAGR of 5.52% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Viva Biotech, NanoImaging Services, XtalPi Inc, Wuxi Biortus Biosciences Co. Ltd., ReadCrystal, Creative Biostructure, Shuimu Biosciences, NovAliX, ELDICO Scientific, Thermo Fisher Scientific and others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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