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Global Laser Capture Microdissection Market to Grow at a CAGR of 10.5% during 2022-2027, Driven by the Rising Investments in R&D by Major Players

According to a new report by EMR titled, ‘Global Laser Capture Microdissection Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 10.5% in the forecast period of 2022-2027.

Geographically, North America is a significant market in the global laser capture microdissection industry, owing to the increase in pharmaceutical companies, availability of skilled personnel, extensive funding for medical research projects, and CROs. On the other hand, the Asia Pacific region is anticipated to witness robust growth in the coming years, this is due to the increasing investments in R&D, expansion of laser capture microdissection companies, and development in Asian countries. Furthermore, increasing investments in research and development, along with rise in awareness regarding technical advancements is augmenting the growth of this market across the Asia Pacific. Emerging economies, such as India, Japan, and China, among others, are contributing to the growth of the laser capture microdissection industry.

In March 2020, one of the leading providers of innovative biotechnology tools, Fluidigm Corporation (NASDAQ: FLDM) introduced AccuLift Laser Capture Microdissection System for clinical pathology and translational research. This system is expected to efficiently and precisely capture individual cells or large tissue sections for RNA, DNA, and protein biomarker analysis. Such innovations and product launches are expected to augment the growth of laser capture microdissection industry in the coming years.

Market Analysis by Product, System Type, Application, End Use, and Region:

  • The market, on the basis of product, can be divided into instruments, consumables, and software and services.
  • Based on system type, the industry can be divided into ultraviolet LCM and infrared LCM, among others.
  • On the basis of application, the industry can be divided into R&D and diagnostics, among others.
  • On the basis of end use, the market can be segmented into academic and government research institutes, hospitals, pharmaceutical, biotechnology companies and CROs.
  • The regional markets for laser capture microdissection include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing expenditure and awareness on medical care are the key factors boosting the market.
  • Investments in the research and development by major players and governments is expected to augment the growth of the market.
  • Expansion strategies employed by laser capture microdissection companies in the emerging economies are expected to positively influence the market growth.
  • Innovations and new product launches in the industry are predicted to aid the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global laser capture microdissection market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, system types, applications, end uses, and regions of laser capture microdissection.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for laser capture microdissection are Carl Zeiss Meditec AG, Thermo Fisher Scientific Inc, Caresbio Laboratory LLC, Fluidgm Corporation, and VitroVivo Biotech LLC among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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