NEW YORK, June 29, 2022 /PRNewswire/ — The “Scanning Electrochemical Microscopy (SECM) Market by Type (AFM-SECM, ECSTM-SECM, and other types), Geography (North America, Europe, APAC, South America, and MEA), and Application (semiconductors and nano-electrochemistry, life sciences, and corrosion and catalyst sciences) – Forecast and Analysis 2020-2024” report has been added to Technavio’s offering. 37% of the market’s growth will originate from North America during the forecast period. The US is the key market for scanning electrochemical microscopy (SECM) in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC, and MEA regions. The increasing prevalence of chronic diseases, such as cancer will facilitate the scanning electrochemical microscopy (SECM) market growth in North America over the forecast period.
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The SECM market value is set to grow by USD 41.90 million, progressing at a CAGR of 7% from 2019 to 2024, as per the latest report by Technavio.
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Scanning Electrochemical Microscopy (SECM) Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2020-2024 |
$ 41.90 million |
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Market structure |
Concentrated |
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YoY growth (%) |
3.18 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, UK, Germany, France, and China |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AMETEK Inc., BioLogic Sciences Instruments SA, Bruker Corp., CH Instruments Inc., Harvard Bioscience Inc., Nanonics Imaging Ltd., Park Systems Corp., Scuba Probe Technologies, Sensolytics GmbH, and ST Instruments BV |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Dynamics:
One of the key factors driving growth in the scanning electrochemical microscopy (SECM) market is the miniaturization of electronic devices. Miniaturized electronic products are developed using MEMS and nanoelectromechanical systems (NEMS). Since the market is witnessing the emergence of miniaturized personal electronic products, semiconductor foundries are focusing on integrating different features, reducing the size of semiconductor wafers, and lowering the power consumed by ICs. The miniaturization of sensor structures to suitable geometries for scanning electrochemical microscopy (SECM) and the use of completely novel types of tips in multi-functional biological SECM devices are mandatory steps toward cell inspections. Currently, a higher number of miniaturized biosensors that can be used as SECM probes are being explored. Even though miniaturization has several limitations in terms of cost and commercialization, it is expected to gain traction during the forecast period, which will fuel the demand for SECM.
The high cost of associated instrumentation will be a major challenge for the scanning electrochemical microscopy (SECM) market during the forecast period. The high cost of SECM instrumentation and scanning modes is affecting the use of the SECM technique. Instruments such as potentiostats form the core component of an SECM, which is used to apply a working potential at the SECM probe, acting as the working electrode. The high cost of SECM instrumentation discourages organizations from purchasing them, thereby hampering the use of SECM. Many organizations do not have the budget to meet such high capital expenditure involved in the purchase. Several educational institutions and research organizations also require SECM. Such organizations depend on the funding from external agencies, and thus their purchase decision is dependent on the approval of the funding, which leads to uncertainty about the use of SECM. Therefore, all these factors have the potential to impede the demand for and growth of life sciences tools and services, and consequently hamper the growth of the global SECM market.
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Segmentation Analysis & Forecasts
The scanning electrochemical microscopy (SECM) market share growth by the AFM-SECM segment will be significant during the forecast period. The combination of atomic force microscopy-scanning electrochemical microscopy (AFM-SECM) has emerged as a versatile tool for the simultaneous measurements of the topographical as well as electrochemical properties of various material surfaces with high spatial resolution. The ongoing COVID-19 pandemic has accelerated the number of clinical trials and research activities related to the development of a vaccine for the disease, thereby facilitating the use of the SECM technique. These factors are expected to drive the growth of the global SECM market during the forecast period. However, although the numerous benefits are expected to spur the rapid development of this segment, its unique principles, capabilities, and applications remain underutilized, and their understanding requires more research.
Additional Insights into the Contribution of all the Segments and Regional Opportunities in the Report. Track Pricing, Supply, Demand, Trade, and Distribution Scenario along with Key Customers. View at Special Pricing
Some of the Major Companies Mentioned
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the scanning electrochemical microscopy (SECM) market encompasses successful business strategies deployed by the key vendors. The scanning electrochemical microscopy (SECM) market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Related Reports:
Two-photon Laser Scanning Confocal Microscope Market by End-user and Geography – Forecast and Analysis 2020-2024: The two-photon laser scanning confocal microscope market size has the potential to grow by USD 216.69 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. The increase in applications in life science research and increasing adoption of cellular imaging are few of the critical two-photon laser scanning confocal microscope market drivers and trends fueling the growth of the market. Find More Exclusive Research Insights Here
Automated Microscopy Market by Type and Geography – Forecast and Analysis 2022-2026: The automated microscopy market share is expected to reach an estimated USD 1.08 billion by 2026 at an accelerating CAGR of 8.87%. This report extensively covers automated microscopy market segmentation by Type (Optical microscopes, Electron microscopes, Scanning probe microscopes, and Others) and Geography (North America, Europe, Asia, and Rest of World (ROW)). Find More Exclusive Research Insights Here
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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