Global Microtome Market Forecast to 2030
The global microtome market size reached USD 371.7 million in 2021 and is expected to register a revenue CAGR of 6.2% during the forecast period, according to the latest analysis by Emergen Research. Introduction of technologically advanced medical equipment, rapidly rising demand and application of histopathological diagnostic procedures, and rising prevalence of chronic diseases and cancer worldwide are some of the key factors driving revenue growth in the microtome market.
With the reader’s comprehension in mind, the team of analysts at Emergen Research painstakingly put up the new study named “Global Microtome Market.” A sizable database on industry distribution is also included. The study takes into account both historical and current market conditions in order to forecast the worldwide Microtome market outlook during the forecast period (2022–2030). Researchers who thoroughly examined the global market were able to identify the factors affecting the industry’s overall growth. Strong analytical techniques, such as SWOT analysis and Porter’s Five Forces, are used in the research to assess the strengths, weaknesses, opportunities, and threats connected to the growth of different market segments.
Microtomes are instruments that cut samples into very small bits for use in histology or pathology. Either optical microscopy or transmission electron microscopy (TEM) is used to analyze the sample. The mechanical device known as a microtome is used to slice biological specimens into incredibly tiny fragments for microscopic examination. In microscopy, these microtome sections are used to prepare materials for observation under an electron or transmitted light microscope. Microtome blades can be steel, glass, or diamond, depending on the specimen being sliced and the required thickness of the sections being cut. They use unique metal, glass, or diamond blades, depending on the kind of specimen and the required thickness. The most common applications for microtomes include traditional histology, cryosectioning, electron microscopy, botanical microtomy, and situations requiring a sledge microtome. A sledge microtome is also necessary for hard materials like wood. Since there are many different types of commercially available microtomes, choosing the best microtome is essential to achieving the desired results. However, one of the significant challenges hindering the growth of this industry is the high complexity and potential risks of microtomes to users during the sectioning and cleaning of the instrument.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Microtome market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Danaher Corporation, Leica Biosystem Nussloch Gmbh, LLS ROWIAK LaserLab Solutions GmbH, Safire Scientific Company, Bright Instrument Co. Limited, Scientific Instruments Pvt Ltd., Boeckeler Instruments, Sakura Finetek USA, Inc., AGD BiomedicalPvt Ltd., ThermoFisher Scientific, Inc.
Research Report on the Microtome Market Addresses the Following Key Questions:
- Who are the dominant players of the Microtome market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Microtome market?
- What are the key growth drivers and restraining factors of the Microtome market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Microtome market and its key segments?
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Some Key Highlights From the Report
- Academic research institutions accounted for the largest revenue share in 2021. Microtomes are crucial to science because they enable the preparation of samples for examination under transmitted light or electron radiation. The new research microtomes range allows for faster trimming with new coarse feed wheel options that allow customers to control the rotation direction. A few examples of such applications are matrix and scaffolding sectioning for tissue bioengineering, polymer sectioning for mechanical and materials science engineering, and hard materials, such as bone, for biology and histopathology research. These are the major factors driving revenue growth of the segment.
- The accessories segment is expected to grow at a steady revenue CAGR during the forecast period. The type of microtome accessories, such as the microtome knife, blade, and blade holder, the geometry of the blade, and the declination, all affect the quality of the tissue preparations (angle between the blade and the cutting direction). The microtome knife is essential to the creation of high-quality sections. The cutting edge of a microtomy practically starts and finishes without any imperfections. Disposable blades have also made it simpler to produce high-quality, thin pieces, but they are frequently insufficient for cutting through tougher tissues, particularly bone.
- North America accounted for a significant revenue share in 2021. Some of the major factors driving revenue growth of the microtome market in this region include the rapid technological advancement of mechanical commercial microtomes, rising cancer prevalence, attractive medical reimbursement policies introduced by the government for histopathology diagnostic tests, presence of well-established healthcare infrastructure, and the ease of access to cutting-edge medical equipment and technologies. These factors dramatically improved revenue growth of the market in this region.
Market Segmentations of the Microtome Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Microtome market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019-2030)
- Technology Outlook (Revenue, USD Million; 2019-2030)
- Fully Automated
- End-Use Outlook (Revenue, USD Million; 2019-2030)
- Clinical & Diagnostic Laboratories
- Academic Research Institutions
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Regional Landscape section of the Microtome report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Microtome Market report:
- The latest report comprehensively studies the global Microtome market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Microtome Market report is an exhaustive database that will help readers formulate lucrative strategies. The Microtome Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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