Laser Microdissection (LMD) System Market Size, Share, Trends, Growth 2030

Laser Microdissection (LMD) System Industry Prospective:

The global laser microdissection (LMD) system market size was worth around USD 161 million in 2022 and is predicted to grow to around USD 241.5 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030.          

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Laser Microdissection (LMD) System Market: Overview

Laser microdissection, sometimes referred to as LMD or LCM (Laser Capture Microdissection), is a technique for separating certain single cells or large regions of tissue from a variety of tissue samples without needing to come into touch with any outside contaminants. The original tissue's thickness, texture, and method of preparation are mostly irrelevant. Following that, the dissectate can be used for further molecular biology procedures such as PCR, real-time PCR, proteomics, and other analytical approaches. Many scientific disciplines currently employ laser microdissection, including neurology, cancer research, plant analysis, forensics, and climate studies. In the meanwhile, the technique is also used to microengrave coverslips and manipulate cell cultures.

Key Insights

• As per the analysis shared by our research analyst, the global Laser Microdissection (LMD) System market is estimated to grow annually at a CAGR of around 5.2% over the forecast period (2023-2030).
• In terms of revenue, the global Laser Microdissection (LMD) System market size was valued at around USD 161 million in 2022 and is projected to reach USD 241.5 billion, by 2030.
• The growing research related to various chronic diseases drives the laser microdissection system market growth over the projected timeframe.
• Based on the product type, the Ultraviolet LMD segment is expected to hold a significant market share over the forecast period.
• Based on application, the research institutes segment is expected to grow at the highest CAGR during the forecast period.
• Based on end-user, the research labs segment is expected to hold the largest market share over the projected period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Laser Microdissection (LMD) System Market: Growth Drivers

The rising incidence of chronic disease drives market growth

A thorough investigation of the underlying molecular pathways is required due to the increasing frequency of chronic diseases. By studying certain cells associated with diseases using laser microdissection, researchers can get more insight into the underlying causes of such disorders and possible targets for treatment. For instance, according to Cancer Research UK, an estimated 18.1 million new instances of cancer (all cancers combined, excluding non-melanoma skin cancer) were reported globally in 2020; the male-to-female ratio was 10:9.5, with 8.8 million (48%) of the cases occurring in females and 9.3 million (52%) in men. Age-standardized (AS) worldwide According to the Open a glossary item incidence rate, there are 206.9 new cases of cancer per 100,000 men and 178.1 new cases for every 100,000 females worldwide. By 2040, 28 million new instances of cancer are expected to occur globally every year if incidence stays constant and population growth and aging follow current patterns. This is a 54.9% rise from 2020, and it is anticipated that the growth in men will be greater than the increase in girls (60.6% vs. 48.8%).

Laser Microdissection (LMD) System Market: Restraints

Technical complexity and limited throughput hamper the market growth

Laser microdissection devices may need certain knowledge and training to operate. These methods' technical complexity may prevent widespread use, especially in situations where researchers lack substantial experience with cutting-edge microscopy equipment. Furthermore, the procedure of laser microdissection is accurate yet labor-intensive, particularly when separating certain tissues or cells from big samples. The restricted throughput may provide a challenge in scenarios when scientists must expeditiously process a large number of samples.

Laser Microdissection (LMD) System Market: Opportunities

Increasing funding for life science research offers a potential opportunity for market growth

The increasing funding for life science research is expected to offer a potential opportunity for laser microdissection system market growth over the forecast period. Research institutes, commercial companies, and governments continue to fund life sciences research. Higher adoption rates of cutting-edge technology, such as laser microdissection systems, are frequently correlated with more financing. For instance, the life sciences industry in California has experienced both physical and financial growth. The state received funding totaling $5.59 billion from the National Science Foundation (NSF) and the National Institutes of Health (NIH). Over three years, venture capital investments also rose by 50%. In addition, the life sciences industry in California generated approximately $450 billion in economic production in 2021, with an additional $50 billion in anticipated tax receipts.

Laser Microdissection (LMD) System Market: Challenges

The availability of substitutes poses a major challenge to market growth

Alternative cell isolation techniques, such as fluorescence-activated cell sorting (FACS) or manual microdissection, may be considered by researchers as more cost-effective or simpler alternatives to laser microdissection in certain cases. Thus, posing a major challenge for the laser microdissection system market growth during the forecast period.

Laser Microdissection (LMD) System Market: Segmentation

The global Laser Microdissection (LMD) System industry is segmented based on the product type, application, end-user, distribution channel, and region.

Based on the product type, the global market is bifurcated into Ultraviolet LMD and Infrared LMD. The Ultraviolet LMD segment is expected to hold a significant laser microdissection system market share over the forecast period. UV lasers offer higher precision in cell isolation, allowing researchers to target specific cells with minimal collateral damage. This is particularly important when working with delicate or rare cell populations. Moreover, UV lasers can minimize autofluorescence, making them suitable for applications where preserving the natural fluorescence of the sample is important, such as in fluorescence microscopy or downstream fluorescence-based analyses. Thus, this advantage drives the market growth.

Based on the application, the global laser microdissection system industry is bifurcated into research institutions and medical institutions. The research institutes segment is expected to grow at the highest CAGR during the forecast period. The segment expansion is attributed to the growing research studies on cells and tissues due to the growing prevalence of chronic conditions. In addition, research institutes often secure funding from government agencies, private foundations, and industry partners to support their research activities. This funding can be instrumental in acquiring advanced LMD systems, conducting experiments, and driving innovation in the field. Thereby, driving the market growth.           

Based on the end user, the global laser microdissection system market is bifurcated into hospitals, clinics, and research labs. The research labs segment is expected to hold the largest market share over the projected period. LMD systems are used in research labs all around the world for many different purposes, such as transcriptomics, proteomics, genomics, and other biological and medical research fields. LMD makes it easier to isolate particular cells or tissues for a thorough examination, which advances several scientific domains.

Based on the distribution channel, the global laser microdissection system industry is bifurcated into direct sales and distribution. Direct sales are expected to hold the largest market share over the forecast period.

Laser Microdissection (LMD) System Market: Report Scope

Laser Microdissection System Market: Regional Analysis

North America is expected to dominate the market over the forecast period

North America is expected to dominate the global laser microdissection system market over the forecast period. The market growth in the region is attributed to the growing prevalence of chronic diseases such as cancer, diabetes, heart disease, and others. According to CDC, 11.3% of Americans, or 37.3 million individuals, suffer from diabetes. 28.7 million persons were projected to have been diagnosed with diabetes. 8.6 million people worldwide suffer from diabetes but are not yet aware of their condition. Moreover, the region is home to numerous leading research institutions and universities engaged in cutting-edge research across various disciplines. The demand for precise cell isolation technologies like LMD is high in research areas such as genomics, cancer research, neuroscience, and developmental biology. This is expected to propel the market growth in the region.

Laser Microdissection (LMD) System Market: Competitive Analysis

The global Laser Microdissection (LMD) System market is dominated by players like:

• Leica Microsystems
• VWR International LLC
• Molecular Machines and Industries GmbH
• Thermo Fisher Scientific Inc.
• ZEISS Group
• Danaher Corporation

The global Laser Microdissection (LMD) System market is segmented as follows:

By Product Type

• Ultraviolet LMD
• Infrared LMD

By Application

• Research Institutions
• Medical Institutions

By End User

• Hospitals
• Clinics
• Research Labs

By Distribution Channel

• Direct Sales
• Distributor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa