Microtome Market by Product (Microtome Instruments, Microtome Accessories), Technology (Manual, Fully Automated, Semi-automated), Application (Disease Diagnosis, Medical Research), End User (Hospital, Clinical Labs, Other) And Geographic Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa): Industry Trends and Global Forecasts, 2023-2032
Microtome Market Size and Overview
The microtome market size is poised to reach USD 805.3 million by the end of 2032, growing at a CAGR of 6.6% during the forecast period, i.e., 2023 – 2032. In the year 2022, the industry size of microtome market was USD 425 million. The reason behind the growth can be attributed to the rising occurrence of illnesses, growing emphasis on medicine and the requirement for tissue analysis, expanding pharmaceutical and biotechnology industries, increasing demand in both research and clinical applications and emergence of pathology and whole slide imaging. The marketplace incorporates a wide range of devices, along with implants. The market is highly competitive with key players striving to meet evolving customer demands.
Microtome Market: Report Scope |
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Base Year Market Size |
2022 |
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Forecast Year Market Size |
2023-2032 |
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CAGR Value |
6.6% |
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Segmentation |
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Challenges |
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Growth Drivers |
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Microtome Market Segmentation
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-user
- Hospital Laboratories
- Clinical Laboratories
- Other
By Geographic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of product in the microtome market the rotary microtomes segment accounted the highest market share in 2022. The rotary microtomes section holds the largest marketplace share inside the microtome marketplace. This can be attributed to the increasing demand for first rate tissue sections for diagnostic and research purposes. With the developing occurrence of persistent diseases and the want for correct analysis, the demand for rotary microtomes is predicted to witness consistent boom. Additionally, advancements in generation, including automatic rotary microtomes, are further fueling the increase ability of this segment.
Microtome Market Regional Analysis
North America stands as one of the major markets for microtome, driven through the well-established healthcare infrastructure. Additionally, emphasis on precision medicine and the growing prevalence of chronic diseases make contributions to the region’s dominance. The United States, primarily, is a key contributor on this marketplace. Europe is one of the leading marketplaces for microtome because of the region’s mix of academic and research institutes and pharmaceutical and biotechnology companies. The European market showcases a developing interest in personalized medicine and the need for precise tissue analysis. The Asia Pacific microtome market is estimated to witness significant growth, during the forecast timeframe led by, rapid urbanization, increasing disposable incomes, and a growing focus on healthcare infrastructure development. The demand for microtome is anticipated to rise in countries like China and India, given their large patient populations and rising demand for advanced diagnostic tools. Latin America and the Middle East and Africa display steady growth inside the microtome market, fueled via rising middle class and increasing investment in healthcare infrastructure, increasing investment in research and development in these regions. Key participants to the market's growth in these areas encompass Brazil, Mexico, the United Arab Emirates, and South Africa.
Microtome Market Growth Drivers
The rising occurrence of illnesses, like cancer and the necessity for diagnosis and treatment are driving the demand for advanced diagnostic tools, including microtomes. Moreover, advancements in technology have resulted in the creation of automated and efficient microtomes, which have attracted the attention of healthcare providers and researchers. There is a growing emphasis on medicine and the requirement for tissue analysis, which presents significant opportunities for growth. Microtomes play a role in providing high quality tissue sections for research purposes well as aiding in diagnosis. They enable treatment plans to be developed ultimately improving outcomes. The expanding pharmaceutical and biotechnology industries, in developing regions are fueling the demand for microtomes. Research and development activities necessitate tissue analysis, leading to increased sales of equipment such as microtomes and cryostats. With increasing demand in both research and clinical applications microtomes serve a purpose by slicing tissue samples into sections for microscopic examination. This process is essential across fields such as cancer research, drug discovery and forensic pathology. The emergence of pathology and whole slide imaging has significantly transformed the market landscape. Digital pathology allows diagnosis and consultation services thereby enhancing patient care quality while also boosting productivity levels, within the industry.
Microtome Market Challenges
High cost of microtomes and complex operation of microtomes are hindering the growth of market. In developing regions, this factor has resulted in limited demand for product. Moreover, the lack of standardization is also restricting the growth of market.
Microtome Key Companies
The microtome market is poised by several main corporations, each making big contributions to the industry through their sturdy market presence and progressive product offerings. Among these principal players are Danaher Corporation, PHC holdings corporation, Cardinal Health, Boeckeler Instruments, Inc, SM Scientific Instruments Pvt. Ltd., Bright Instruments, Sakura Finetek USA, Inc, Jinhua Yidi Medical Equipment Co., Ltd, Ted Pella, Inc, Medimeas, SLEE medical GmbH, Histo-Line Laboratories, microTec Laborgeräte GmbH, MEDITE Medical GmbH, Erma Inc. And other players. These essential players constantly try and revamp their marketplace percentage and meet the desires of a diverse investor base. Their competitive techniques encompass product innovation, forging strategic partnerships, undertaking mergers and acquisitions, and increasing their distribution networks.
In January 2023, Danaher Corporation launched its new automated microtome, the AutoCut 255.
In February 2023, PHC holdings corporation announced the acquisition of Bright Instruments, a leading manufacturer of microtomes.
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- Publication date: 5th October 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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