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Global Microtome Market to Reach USD 77.3 Million by 2026, Aided by the Rising Demand for Microtomes in the Healthcare Sector

According to a new report by EMR titled, ‘Global Microtome Market Report and Forecast 2021-2026’, the global market for microtome attained a value of about USD 57 million in 2020. The industry is further expected to grow at a CAGR of 5.2% in the forecast period of 2021-2026 to reach approximately USD 77.3 million by 2026.

North America accounts for a significant share of the overall microtome industry owing to the rapid adoption of the latest technologies in the region. The robust healthcare sector of the United States and Canada is surging the deployment of microtomes, which is further propelling the market growth. Moreover, the rising demand for advanced and innovative microtomes in the healthcare sector is also augmenting the industry growth. The development of various advanced laboratories and increasing incentives provided by governments to enable advancements in science are increasing the demand for microtomes, which is fuelling the market growth. In addition, the presence of several leading companies in the region is positively impacting the industry growth. Meanwhile, the market in the Asia Pacific region is witnessing a robust growth owing to increasing research and development (R&D) activities in the region. The high prevalence of chronic diseases, such as cancer, is increasing the demand for microtomes, which is contributing to the overall industry growth.

Some of the leading companies in the market are Thermo Fisher Scientific (NYSE: TMO) and Leica Biosystems Nussloch GmbH. The latter announced the launch of a new range of rotary microtome, HistoCore BIOCUT, HistoCore MUKTICUT, and HistoCore AUTOCUT, in May 2018. Each microtome provides high-quality sections and ease of use while enhancing safety and efficiency. The new coarse feed wheel of microtome allows users to trim their blocks at a faster pace, and the antistatic waste tray of the products enables quick and easy cleaning. The products deliver improved comfort through ergonomic positioning by adapting the coarse feed wheel to the user’s preference. They also aid in reducing fatigue while trimming and the risk of injury. The development of such innovative and advanced products is expected to drive the microtome industry.

Market Analysis by Product, Technology, and Region:

  • The market, on the basis of product, can be divided into microtome devices and accessories.
  • Based on technology, the industry can be divided into fully automated, semi-automated, and manual.
  • The regional markets for microtome include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for fully automated microtomes to eliminate the requirement of manual labour for repetitive and monotonous tasks is propelling the market growth.
  • The market is being driven by the rising demand for microtomes that can enable pre-selection of thickness and speed regulation to reduce the use of handwheels in histology.
  • The integration of advanced features, such as brake indicators and blade guards, to prevent the risk of accidental injuries is aiding the market growth.
  • The development of microtomes with innovative design and advanced displays to enhance their productivity and efficiency is augmenting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for microtome for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, technologies, and major regions of microtome.
  • The market report also analyses the trade data by covering the major importing and exporting countries by their value and volume. 
  • 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 microtome market are LLS ROWIAK LaserLabSolutions GmbH, Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., MEDITE Medical GmbH, and SLEE Medical GmbH, 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.

About Us:

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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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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