Microtome Market Size, Share, Trends, Growth and Forecast 2030

Microtome Industry Prospective:

The global microtome market size was evaluated at $15 billion in 2022 and is slated to hit $25 billion by the end of 2030 with a CAGR of nearly 12.1 % between 2023 and 2030.

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Microtome Market: Overview

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.  

Key Insights

• As per the analysis shared by our research analyst, the global microtome market is projected to expand annually at the annual growth rate of around 12.1% over the forecast timespan (2023-2030)
• In terms of revenue, the global microtome market size was evaluated at nearly $15 billion in 2022 and is expected to reach $25 billion by 2030.
• The global microtome market is anticipated to grow rapidly over the forecast timeline
• Owing to surging awareness about the early diagnosis of various chronic disorders and the launching of technologically advanced diagnostic devices & pathological systems.
• In terms of product, the microtome devices segment is slated to register the highest CAGR over the analysis period.
• Based on the end-user, the academic research centers segment is set to dominate the application landscape over the forecast period.
• Region-wise, the North American microtome industry is projected to register the fastest CAGR during the assessment timeline.

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Microtome Market: Growth Factors

Awareness of early diagnosing of chronic ailments to boost the global market trends over 2023-2030

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.

Microtome Market: Restraints

Improper reimbursement laws can hinder global industry expansion by 2023

Unfavorable compensation policies are predicted to restrict the growth of the global microtome industry in the years ahead.

Microtome Market: Opportunities

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.

Microtome Market: Challenges

Less availability of skilled personnel will create a huge challenge for global industry expansion by 2023

The lack of availability of experts can create a huge challenge for the global microtome industry in the upcoming years.

Microtome Market: Segmentation

The global microtome market is sectored into end-user, product, technology, and region.                

In 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 end-user, the global microtome industry is sectored into hospitals, clinical & diagnostic laboratories, academic research centers, and others segments. Moreover, the academic research centers segment, which garnered a huge share of the global industry in 2022, is predicted to lead the global industry expansion over the projected timeline. The segmental elevation over the assessment timeline can be owing to a large-scale demand for microtomes in preparing samples for examination under electron radiation.  

Based on the technology, the global microtome market is divided into fully automated, semi-automated, and manual.  

Microtome Market: Report Scope

Microtome Market: Regional Insights

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.

Microtome Market: Competitive Space

The global microtome market profiles key players such as:

• Amos Scientific Pty Ltd.
• LLS ROWIAK LaserLabSolutions GmbH
• Nanolytik
• S.M. Scientific Instruments Pvt. Ltd.
• Sakura Finetek Europe B.V.
• AGD Biomedicals
• Boeckeler Instruments
• SLEE medical GmbH
• MEDITE GmbH
• Leica Biosystems Nussloch GmbH.

The global microtome market is segmented as follows:

By Product

• Microtome Devices
• Accessories

By Technology

• Fully Automated
• Semi-Automated
• Manual

By End-User

• Hospitals
• Clinical & Diagnostic Laboratories
•  Academic Research Centers
• Others

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