The new report by Expert Market Research titled, ‘Global Microtome Market Growth, Size, Share, Trends, Analysis, Report and Forecast 2023-2028, gives an in-depth analysis of Microtome, assessing the market based on its segments like product, technology, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 57 Million
- Forecast CAGR (2023-2028): 5.2%
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The growing incidence of chronic fatal diseases including cancer, CVD among all is one of the key factors driving the demand of the microtome market globally. Due to this, the expenditure on laboratory setup is increasing continuously by the government as well as private players, which will augment the micrometer market. Moreover, increasing per capita health expenditure by the government as well as the individual is also fuelling the market.
Microtome Industry Definition and Major Segments
Microtomes are the instruments that are used to cut thin sections of materials to enable their examination under a microscope. Generally, they are equipped with glass, steel, or diamond blades to develop optimal thickness of sections. Microtomes are the alternative to electropolishing and ion milling and are utilised in various applications such as spectroscopy and histology.
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By product, the market is segmented into:
- Microtome Devices
- Rotary Microtome
- Vibrating Microtome
By technology, the market can be segmented into:
- Fully Automated
The regional markets for the Global Microtome Market can be separated into:
- North America
- United States of America
- United Kingdom
- Asia Pacific
- Latin America
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Microtome Market Trends
Rising automation in the healthcare sector is increasing the demand for fully automated microtomes which is aiding the market growth. A fully automated microtome has multiple benefits and can eliminate manual labour requirements for repetitive tasks. Moreover, the efficiency can be increased with cost reduction. Significant demand for microtomes that can enable pre-selection of thickness and speed regulation to reduce the use of handwheels in histology is witnessed considerably in the market.
Key Market Players
The major players in the market include LLS ROWIAK LaserLabSolutions GmbH, Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., MEDITE Medical GmbH, SLEE Medical GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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