The global microtome market is projected to reach an approximate value of USD 183.4 million by 2028, growing at a CAGR of 6.4%. Rise in prevalence of cancer, growing geriatric patient population worldwide coupled with increase in healthcare spending in developed and developing regions are factors driving the microtome market.
Adroit Market Research report on global microtome market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 and 2019, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global microtome market have been studied in detail.
Microtomes are used in clinical research laboratories, and industrial labs to obtain routine paraffin sections and plastic embedded specimen, high quality sections of biological material. Commercial availability of these devices and high adoption due to ease of handling will drive global market. Moreover, increase in prevalence of chronic diseases such as cancer along with growing focus on personalized medicine will offer robust opportunity for the manufacturers to develop innovative microtomes with advanced technologies.
The global microtome market has been segmented based on product, application, technology, end-user, and region. Based on product, the global microtome market is categorized into instruments and accessories. Instruments segment is further sub-categorized into rotary microtome, cryostat microtome, vibrating microtome and others. Application-wise, the global microtome is segmented into medical research and disease diagnosis. Based on technology, the global microtome market is segregated into manual, semi-automated and fully automated microtome. On the basis of end-users, the global microtome market is segmented into hospitals, clinical laboratories, and others.
North America dominated the global microtome market in 2019. High prevalence of cancer, presence of high-quality infrastructure for hospitals and clinical laboratories coupled with presence of well-established market players in the region are key factors likely to drive the growth of the market in the region. However, Asia Pacific microtome market is anticipated to grow at a rapid pace over the forecast period owing to increase in prevalence of chronic diseases such as cancer along with presence of large elderly population in the region.
Major players operating in the global microtome market include Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., Danaher Corporation, S.M. Scientific Instruments Pvt. Ltd., LLS ROWIAK LaserLabSolutions GmbH, MEDITE GmbH, Thermo Fischer Scientific, Amos Scientific Pty Ltd., SLEE Medical GmbH, and Boeckeler Instruments among others.
Key Segments of the Global Microtome Market
Product Overview, 2018-2028 (USD Million)
- Rotary Microtome
- Cryostat Microtome
- Vibrating Microtome
Application Overview, 2018-2028 (USD Million)
- Disease Diagnosis
- Medical Research
Technology Overview, 2018-2028 (USD Million)
- Manual Microtomes
- Semi-automated Microtomes
- Automated Microtomes
End-users Overview, 2018-2028 (USD Million)
- Clinical Laboratories
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa