According to a new report published by KD Market Insights, titled, “Microtome Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global microtome market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The rising occurrence of illnesses, growing emphasis on medicine and the requirement for tissue analysis, expanding pharmaceutical and biotechnology industries, increasing demand in both research and clinical applications and emergence of pathology and whole slide imaging which are the major factors augmenting the growth of the global microtome market. The global microtome market is anticipated to grow at a high CAGR of 6.6% from 2023 to 2032. The market’s revenue surged to USD 425 million in 2022, and it is expected to further accelerate, reaching a notable USD 805.3 million by 2032.
The rising occurrence of illnesses, like cancer and the necessity for diagnosis and treatment are driving the demand for advanced diagnostic tools, including microtomes, are further expected to create ample growth opportunities for the global microtome market during the forecast period i.e., 2023-2032. Moreover, advancements in technology have resulted in the creation of automated and efficient microtomes, which have attracted the attention of healthcare providers and researchers, has propelled market expansion. The expanding pharmaceutical and biotechnology industries, in developing regions, is expected to contribute towards the market growth during the period.
The North America region accounted for the largest share in the global microtome market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the high prevalence of chronic kidney diseases and the well-established healthcare infrastructure.
According to product, the rotary microtomes segment accounted for the largest market share in the microtome market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
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The global microtome market is segmented into product, technology, application, end-users and region. Based on product, the market is bifurcated into microtome instruments, microtome accessories. Based on technology, it is classified into manual, fully automated, semi-automated. Based on application, it is classified into disease diagnosis, medical research. Based on end-users, it is classified into hospital, clinical labs, other.
The global microtome market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Microtome Market
- On the basis of product, the rotary microtomes segment accounted for the largest market share in the microtome market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
- On the basis of region, North America accounted for the largest share in the global microtome market in 2022. The region is further projected to continue dominating in the market during the forecast period.
- On the basis of region, Europe is estimated to account for the second largest share in the market during the forecast period.
Some of the major microtome companies profiled in the report include Danaher Corporation, PHC holdings corporation, Cardinal Health, Boeckeler Instruments, Inc, SM Scientific Instruments Pvt. Ltd., Bright Instruments, Sakura Finetek USA, Inc, Jinhua Yidi Medical Equipment Co., Ltd, Ted Pella, Inc, Medimeas, SLEE medical GmbH, Histo-Line Laboratories, microTec Laborgeräte GmbH, MEDITE Medical GmbH, Erma Inc.
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