Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 245.85 Million | USD 479.12 Million | 6.9% | 2024 |
The global microtome market size was worth around USD 245.85 Million in 2024 and is predicted to grow to around USD 479.12 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.9% between 2025 and 2034.
The report analyzes the global microtome market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the microtome industry.
A microtome is a tool that is utilized for cutting thin sections from the samples of plants as well as animal tissues. The tool makes use of special blades constructed from glass, metals, and diamonds based on the specimen type and the desired depth.
Awareness of early diagnosing of chronic ailments to boost the global market trends over 2025-2034
Surging awareness pertaining to the diagnosis of various chronic disorders in the initial phase and the launching of technologically advanced diagnostic devices and pathological systems will drive global microtome market trends. Additionally, an increase in the frequency of chronic ailments such as cancer and a surge in the geriatric population will further promote global market expansion. Large-scale know-how about histopathology studies will favorably impact the global market expansion. The massive investments by key players in producing microtomes are expected to steer the microtome market expansion over the forecast timeline. Launching of new products will steer the expansion of the global market in the coming years. For instance, in June 2023, Myriad Genetics, Inc., a precision medicine firm based in the U.S., launched new studies aimed at expanding its precise oncology solutions portfolio.
Improper reimbursement laws can hinder global industry expansion by 2024
Unfavorable compensation policies are predicted to restrict the growth of the global microtome industry in the years ahead.
The rise in the focus on personalized medicine will open new growth avenues for the global market
A growing focus on precision medicine will open new growth opportunities for the global microtome market in the coming years.
Less availability of skilled personnel will create a huge challenge for global industry expansion by 2024
The lack of availability of experts can create a huge challenge for the global microtome industry in the upcoming years.
The global microtome market is sectored into end-user, product, technology, and region.
By product terms, the global microtome market is segregated into microtome devices and accessories segments. Furthermore, the microtome devices segment, which accumulated nearly half of the global market revenue share in 2022, is predicted to register the highest CAGR in the forecasting years. The growth of the segment in the forecasting timeline can be subject to a rise in the demand for products in treating various chronic diseases.
Based on the technology, the global microtome market is divided into fully automated, semi-automated, and manual.
Report Attributes | Report Details |
---|---|
Report Name | Microtome Market |
Market Size in 2024 | USD 245.85 Million |
Market Forecast in 2034 | USD 479.12 Million |
Growth Rate | CAGR of 6.9% |
Number of Pages | 213 |
Key Companies Covered | Diapath S.P.A., Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., MEDITE GmbH, SLEE medical GmbH, Boeckeler Instruments, Nanolytik, S.M. Scientific Instruments Pvt. Ltd., AGD Biomedicals, Alltion, Amos Scientific Pvt. Ltd., Thermo Fisher Scientific, and others. |
Segments Covered | By Product, By Technology, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the microtome market on a global and regional basis.
The global microtome market is dominated by players like:
By Product
By Technology
By Region
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