Microtome Market Growth 2022-2028: Increasing Prevalence of Chronic Diseases
Microtome Market size was USD 134.2 Million in 2020 and is expected to register a revenue CAGR of 6.2% during the forecast period. Increasing prevalence of chronic diseases, rise in number of routine tissue examinations, and rapidly increasing elderly population are some key factors expected to drive market revenue growth over the forecast period. Rapid technological advancements in microtome devices is another factor expected to drive revenue growth of the market going ahead.
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Cancer is one of the leading causes of mortality worldwide, and the number of histopathology examinations is increasing in tandem with prevalence. A tissue pathological examination is required for the diagnosis of a cancerous tumor in order to determine the onset of cancer. Increasing cancer prevalence and rising awareness regarding benefits of early disease diagnosis are factors expected to boost adoption of microtome tools during the forecast period. Biopsy tissue analysis can be used by pathologists to identify the type of cancer, stages, and area of cancer spread. Microtome tools are precision tools made of steel, diamond, and other elements that are used to cut microscopic samples of body tissues. For oncological diseases, tissue examination is performed to detect the presence of tumor cells. As a result, microtome devices play an important role in eliminating particular tissue, which is expected to augment market revenue growth. However, high cost of microtome devices and complex and expensive maintenance are some key factors expected to restrain market growth to a certain extent over the forecast period.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
Major players in the market:
Thermo Fisher Scientific Inc., Medite Medical GmbH, Diapath S.P.A., Histo-Line Laboratories Srl, Boeckeler Instruments, Inc., Amos Scientific Pty Ltd., Jinhua YIDI Medical Appliance Co. Ltd., Leica Biosystems Nussloch GmbH, Sakura Finetek USA, Inc., and SLEE Medical GmbH.
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Some Key Highlights From the Report:
- Laser microtomes segment is expected to account for largest revenue share during the forecast period. The laser microtome is designed to cut samples with extreme precision and is used for accurate, non-contact dissection, which is expected to boost growth of this segment.
- Fully automated microtomes segment is expected to register robust revenue growth over the forecast period owing to increased demand for technologically advanced microtome devices, especially in developed countries.
- Disease diagnosis segment is expected to account for largest revenue share in the global market over the forecast period as a result of greater awareness about the benefits of early diagnosis of diseases, including cancer, and rise in the number of tissue tests in hospital laboratories and clinics.
- North America is expected to account for largest revenue share over the forecast period. Improvements in healthcare infrastructure, greater spending on public and private sector in-vitro diagnostics, and rising adoption of technologically advanced equipment and devices are some key factors contributing to growth of this segment.
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For the purpose of this report, Reports and Data has segmented the microtome market based on product, technology, application, end-use, and region:
Product Outlook (Revenue, USD Million; 2018-2028)
- Rotary Microtomes
- Microtome Instruments
- Vibrating Microtomes
- Laser Microtomes
- Sledge Microtomes
- Cryostat Microtomes
- Saw Microtomes
- Sliding Microtomes
- Freezing Microtomes
- Hand Microtomes
- Compresstome Microtomes
Technology Outlook (Revenue, USD Million; 2018-2028)
- Fully Automated Microtomes
- Semi-automated Microtomes
- Manual Microtomes
Application Outlook (Revenue, USD Million; 2018-2028)
- Disease Diagnosis
- Medical Research
End-Use Outlook (Revenue, USD Million; 2018-2028)
- Hospital Laboratories
- Clinical Laboratories
Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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