Microtome Market Revenue Driven by Rising Prevalence of Chronic Illnesses across the Globe: Reports and Data

Growing prevalence of chronic illnesses across the world, rising number of routine tissue examinations, and increasing number of Clinical Laboratory Improvement Amendments (CLIA) certifications being awarded to in-office histopathological laboratories are among the key factors expected to drive market revenue growth

New York, December 8, 2021 – Reports and Data has published its latest report titled “Microtome Market, By Product Type (Rotary Microtomes, Microtome Instruments, Vibrating Microtomes, Laser Microtomes, Ultramicrotomes, Cryomicrotomes, Sledge Microtomes, Cryostat Microtomes, Saw Microtomes, Sliding Microtomes, Freezing Microtomes, Hand Microtomes, Compresstome Microtomes, Accessories), By Technology (Fully Automated Microtomes, Semi-automated Microtomes, Manual Microtomes), By Application (Disease Diagnosis, Medical Research), By End-use (Hospital Laboratories, Clinical Laboratories, Others), and By Region, Forecast to 2028”

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According to the latest report by Reports and Data, the global microtome market size was USD 134.2 Million in 2020 and is expected to reach USD 215.6 Million in 2028 and register a revenue CAGR of 6.2% during the forecast period, 2021-2028.

Drivers, Restraints, and Opportunities:

Major factors providing impetus to the global microtome market revenue growth include rising geriatric population, growing prevalence of chronic and acute diseases worldwide, including cancer, and increasing number of routine tissue examinations in hospitals and clinical laboratories for cancer detection. Other major factors contributing to the global microtome market revenue growth are rising awareness of the benefits of early disease diagnosis, growing need for more advanced, automated, and high-performance equipment for sample collection, such as ultra-microtomes, and increasing investments by healthcare companies in research & development activities for more advanced and innovative diagnostic solutions for clinical laboratories.

Microtomes are tools made of steel or other materials used for precise cutting of tissues. Pathologists use microtomes for biopsy tissue analysis to determine the specific disease type and stage. Rising prevalence of cancer globally, significantly increasing volumes of histopathological tests to detect malignant tumors, and increasing initiatives by organizations like the World Health Organization (WHO), National Cervical Cancer Coalition, and the Centers for Disease Control and Prevention (CDC) to spread cancer awareness and improve diagnostics infrastructure have led to increased adoption of advanced diagnostic solutions and equipment. Hence, technological advancements in microscopy-based diagnostic devices such as microtomes are expected to drive the global microtome market growth to a major extent. However, rising costs of advanced diagnostic devices and high expenses of repair & maintenance of these equipment are some of the major factors expected to hamper market growth during the forecast period.  

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

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Fully Automated Microtomes Segment to Expand Rapidly:

Based on technology, the global microtome market is segmented into fully automated microtomes, semi-automated microtomes, and manual microtomes. The fully automated microtomes segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Factors contributing to revenue growth of this segment include increasing commercialization of fully automated systems, growing need for digitization in tissue diagnostic processes, rapid adoption of technologically advanced microtome devices, and presence of advanced healthcare infrastructure, particularly in developed countries around the world.

Disease Diagnosis Segment Accounted for Significant Revenue Share in 2020:

Based on application, the global microtome market is segmented into disease diagnosis and medical research. The disease diagnosis segment held the largest revenue share in the global market in 2020, owing to favorable factors such as growing prevalence of cancer, rising awareness of the advantages of early disease detection, rapidly increasing number of tissue examinations, and increasing use of advanced devices and equipment in hospitals and diagnostic laboratories. 

Asia Pacific to Lead in Terms of Revenue CAGR:

Among regional markets, the Asia Pacific microtome market is expected to register the fastest revenue CAGR in the global market over the forecast period. Rising prevalence of cancer and other severe chronic diseases, increasing awareness of the importance of early disease diagnosis, increased government investments in advancement of in-vitro diagnostics, and rapid advances in the region’s healthcare infrastructure, particularly in countries including China, Japan, India, and South Korea, are among the major contributors to the regional market revenue growth.

Major Companies in the Global Microtome Market Include:

  • Thermo Fisher Scientific
  • Danaher Corporation
  • 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.
  • SLEE Medical GmbH

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Market Segmentation:

For the purpose of this report, Reports and Data has segmented the global microtome market based on product type, technology, application, end-use, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

  • Rotary Microtomes
  • Microtome Instruments
  • Vibrating Microtomes
  • Laser Microtomes
  • Ultramicrotomes
  • Cryomicrotomes
  • Sledge Microtomes
  • Cryostat Microtomes
  • Saw Microtomes
  • Sliding Microtomes
  • Freezing Microtomes
  • Hand Microtomes
  • Compresstome Microtomes
  • Accessories

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
  • Others

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Regional Outlook (Revenue, USD Million; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Israel
    • Rest of Middle East & Africa  

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