Rising prevalence of cancer and cardiovascular diseases is driving the sales of Microtome Market | insightSLICE
A microtome is a type of tool that regularly and precisely generates tiny slices from a block of embedded tissue. They are employed to prepare samples for microscopy observation using electron or diffused light beams.
The market for Microtome was estimated to be worth US$ 430 million in 2021 and is expected to increase at a CAGR of 6.1% until 2032.
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The expansion of the microtome industry will be fuelled in the coming years by rising healthcare expenditure among individuals as a result of increased awareness of the benefits of early diagnosis and a rise in regular tissue examination and biopsy.
Additionally, in the next years, the economic incentive will be boosted by new developments in technology and product innovations carried about by significant industry players’ investments in and activities related to R&D.
The key players of the Global Microtome Market are:
With a focus on the global market, the “Global Microtome Market” research article will offer insightful information. Abbott, Danaher, Merck, Qualigen, Kronus, Thermo Fisher, Autobio Diagnostics, Biomérieux, Roche, Diasorin, Diagnostic Automation/Cortez Diagnostics, and others are significant market participants in the global Microtome market.
Major development plans, market dominance research, and market positioning analysis of the aforementioned competitors internationally are also included in the competitive landscape chapter.
Major growth factors involved in Microtome Market:
Due to the numerous advantages the equipment provides, the laser microtome market is anticipated to expand significantly throughout the forecast period. A laser microtome is made to slice through biological tissues with extreme precision and without contact.
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It may slice the tissue in its original state and does not require a sample preparation process like dewatering, cryopreservation, and embedding, resulting in more precise results. These advantages will accelerate the segment’s expansion during the anticipated time period.
In relation to the implementation, the increasing amount of oncological and persistent diseases all over the globe may lead to significant growth in the disease diagnosis market.
Increasing public awareness of healthcare problems and the benefits of early diagnosis, which has led to an increase in the frequency of regular tissue tests, are some of the drivers driving the segment’s expansion.
Completely automated microtomes could become a significant growth point in the technological sector. These tools are simple to align and use, offer quicker tissue segmenting with fewer failures, and produce results that are more precise and comprehensive.
Increased usage brought on by the remarkable advantages of the product will fuel its development during the projection period. Due to the emergence of R&D operations in the sector for novel and better product developments, scientific institutes are anticipated to experience significant expansion.
The number of health checks and check-ups will increase, driving the growth of this segment. In addition, medicine and therapy samples being tested to determine their efficacy will fuel market growth in the future years.
Covid-19 pandemic effects:
Last year, COVID-19 caused significant interruptions in the microtome market. The frequency of trips to hospitals and pathology labs was constrained by travel and movement limitations brought on by lockdowns as well as public anxiety over infection risk.
The economic effects of the epidemic also led to a decrease in global healthcare spending. Nevertheless, rising routine health examination rates brought on by a rise in wellness and early diagnostic knowledge among the populace will boost sales growth going forward.
Hospitals and diagnostic labs may record increased visits concurrently with an increase in vaccines, affecting the picture for the sector.
Global Microtome Market Key Segments:
By Product
- Microtome Instruments
- Rotary Microtomes
- Cryostat Microtomes
- Vibrating Microtomes
- Other Microtomes
- Microtome Accessories
By Technology
- Manual Microtomes
- Semi-automated Microtomes
- Fully Automated Microtomes
By Application
- Disease Diagnosis
- Medical Research
By End-use
- Hospital Laboratories
- Clinical Laboratories
- Other End Users
(Regional Output, Demand & Forecast by Countries)
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
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Regional performance of Microtome Market
Due to its sophisticated economy, North America is currently in second place. rising healthcare expenditures, notably in North America, and an increase in the number of old individuals will propel market growth.
The rising commercial availability of premium diagnostic equipment in advanced economies, which represented the bulk of the profit share, is one of the key factors predicted to propel expansion. A growing digital diagnostics business helped places like Europe take third place in the market.
European healthcare providers believe that digital pathology technologies can improve productivity and partly mitigate the industry’s dwindling pathologist population.
The Rest of the World, which encompasses Latin America, the Middle East, and Africa, is the territory with the slowest growth rates since there are fewer established sectors and fewer producers there.
Market report has projections up to 2032:
With 2020 and 2021 functioning as the historic period, 2022 serving as the baseline period, and 2023 to 2032 serving as the forecast timeframe, the Microtome market report provides market estimations for a time frame spanning 2019 to 2032.
The market is comprehensively evaluated in the study on the global microtome market. The research provides a thorough analysis of the market’s major components, developments, trends, constraints, the intensity of competition, and other important elements.
The report will examine the Microtome Market from both the demand and supply sides. In order to get data for the supply-side study, we contact the Microtome Market participants to obtain information about their sales, target audience, repertoire, and other details.
Paid surveys and questionnaires are performed during this procedure to gather and validate the data pointers.
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