New York, NY, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Microtome Market By Product (Microtome Devices And Accessories), By Technology (Fully Automated, Semi-Automated, And Manual), By End-User (Hospitals, Clinical & Diagnostic Laboratories, Academic Research Centers, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Microtome Market size & share in terms of revenue was valued at USD 15 billion in 2022 and it is expected to surpass around USD 25 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 12.1% during the forecast period 2023 to 2030.”
What is Microtome? How big is the Microtome Industry?
Report Overview:
The global microtome market size was evaluated at $15 billion in 2022 and is slated to hit $25 billion by the end of 2030 with a CAGR of nearly 12.1 % between 2023 and 2030.
A microtome is an instrument that is used for cutting thin sections from samples of plant and animal tissues. This can be done with both plant and animal materials. The instrument utilizes specialized blades made from glass, metals, and diamonds, with the type of specimen and the desired depth determining which of these materials are used.
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Global Microtome Market: Growth Factors
Increased public awareness of the importance of early diagnosis of chronic conditions is expected to drive worldwide market trends between 2023 and 2030.
The worldwide microtome market trends will be driven by the rising awareness concerning the diagnosis of many chronic ailments in the beginning phase as well as the launch of technologically sophisticated diagnostic devices and pathology systems. A rise in the prevalence of persistent diseases like cancer as well as an explosion in the number of elderly people will also contribute to the expansion of the global market. Knowledge on a massive scale regarding histopathological investigations will have a positive impact on the expansion of the global market. It is anticipated that the enormous expenditures made by leading market participants in the production of microtomes will steer the expansion of the microtome market over the predicted timeline. In the years to come, the expansion of the worldwide market will be directed by the introduction of new items. For instance, in June 2023, the American company Myriad Genetics, Inc., which is in the business of precision medicine, initiated additional studies with the intention of increasing the number of precise oncology solutions in its portfolio.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 15 billion |
| Projected Market Size in 2030 | USD 25 billion |
| CAGR Growth Rate | 12.1% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Amos Scientific Pty Ltd., LLS ROWIAK LaserLabSolutions GmbH, Nanolytik, S.M. Scientific Instruments Pvt. Ltd., Sakura Finetek Europe B.V., AGD Biomedicals, Boeckeler Instruments, SLEE medical GmbH, MEDITE GmbH, Leica Biosystems Nussloch GmbH., and others. |
| Key Segment | By Product, By Technology, By End-User, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Microtome Market: Segmentation Analysis
End-user, product, technological advancement, and geographic location are the four categories that make up the worldwide microtome market.
In terms of the products they offer, the worldwide microtome market can be broken down into two categories: microtome devices and accessories. In addition, it is anticipated that the microtome devices sector would record the greatest CAGR over the course of the forecasted years. In 2022, this segment accounted for about half of the total revenue share of the global market. A rise in the demand for products in the treatment of various chronic diseases may be a factor in the expansion of the market segment throughout the course of the period covered by the projections.
Hospitals, clinical and diagnostic laboratories, academic research centers, and other types of institutions make up the hospital section of the global microtome market. Other types of institutions make up the academic research center segment. In addition, the academic research centers sector, which accounted for a significant proportion of the global market in 2022, is anticipated to take the lead in the advancement of the global market throughout the course of the projected timeline. The increase in segmentation during the course of the evaluation period may be the result of a widespread demand for microtomes, which are used in the process of preparing samples for analysis by electron radiation.
The global market for microtomes can be broken down into fully automated, semi-automated, and manual categories, depending on the type of technology used.
The global Microtome market is segmented as follows:
By Product
- Microtome Devices
- Accessories
By Technology
- Fully Automated
- Semi-Automated
- Manual
By End-User
- Hospitals
- Clinical & Diagnostic Laboratories
- Academic Research Centers
- Others
Browse the full “Microtome Market By Product (Microtome Devices And Accessories), By Technology (Fully Automated, Semi-Automated, And Manual), By End-User (Hospitals, Clinical & Diagnostic Laboratories, Academic Research Centers, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report At https://www.zionmarketresearch.com/report/microtome-market
Competitive Landscape
Some of the main competitors dominating the global Microtome market include -
- Amos Scientific Pty Ltd.
- LLS ROWIAK LaserLabSolutions GmbH
- Nanolytik
- S.M. Scientific Instruments Pvt. Ltd.
- Sakura Finetek Europe B.V.
- AGD Biomedicals
- Boeckeler Instruments
- SLEE medical GmbH
- MEDITE GmbH
- Leica Biosystems Nussloch GmbH.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Microtome market is likely to expand at a CAGR of around 12.1% during the forecast period (2023-2030).
- In terms of revenue, the Microtome market size was valued at around US$ 15 billion in 2022 and is projected to reach US$ 25 billion by 2030.
- The global microtome market is anticipated to grow rapidly over the forecast timeline
- Owing to surging awareness about the early diagnosis of various chronic disorders and the launching of technologically advanced diagnostic devices & pathological systems.
- In terms of product, the microtome devices segment is slated to register the highest CAGR over the analysis period.
- Based on the end-user, the academic research centers segment is set to dominate the application landscape over the forecast period.
- Region-wise, the North American microtome industry is projected to register the fastest CAGR during the assessment timeline.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Microtome industry?
- What are the main driving factors propelling the Microtome Market forward?
- What are the leading companies in the Microtome Industry?
- What segments does the Microtome Market cover?
- How can I receive a free copy of the Microtome Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Product, By Technology, By End-User, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Europe is anticipated to maintain its global market leadership position over the expected timeline
Europe, which contributed about 60% of the global microtome market revenue in 2022, will be a leading region over the projected timeframe. Apart from this, the regional market surge over the forecast period can be attributed to the rise in research & development activities, surge in fund allocation, and strategic partnerships between key firms & government organizations for microtome production. Citing an instance, in the first quarter of 2021, Solmedia Limited, a laboratory device supplier based in the UK, signed a strategic deal with SLEE Medical GmbH, a German-based firm, to provide the former highly apt pathological device. Furthermore, the presence of key manufacturers in the region will contribute substantially towards the regional market proceeds.
The North American microtome industry is predicted to record the highest CAGR in the next couple of years subject to product innovations and technological breakthroughs witnessed in the countries such as the U.S. and Canada. Apart from this, an increase in cancer cases and favorable reimbursement policies launched by the U.S. will proliferate the regional market size in the ensuing years. The presence of a strong healthcare infrastructure facility in the region and easy access to cutting-edge technologies will proliferate the regional industry surge in the coming years.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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