Microtome Market Anticipated to reach US$ 204.3 million by 2027 and at a CAGR of 5.7% – Diapath, Amos Scientific, Boeckeler Instruments, Sakura Finetek USA, SLEE medical

March 04 21:53 2021
Microtome Market Anticipated to reach US$ 204.3 million by 2027 and at a CAGR of 5.7% - Diapath, Amos Scientific, Boeckeler Instruments, Sakura Finetek USA, SLEE medical

Microtome Market
Microtome market was valued at US$ 132.6 million in 2019 and is projected to reach US$ 204.3 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027

Microtome is a device used for sample preparation in laboratories. The devices are used to slice biological specimens into evenly thin sections for a detailed microscopic examination. The microtome market is expected to witness huge growth during the forecast period on the back of the rising prevalence of cancer and increasing adoption of digital pathology. Moreover, growing focus on personalized medicine is further expected to foster the market growth in the coming years. However, the lack of adoption of microtome in low-income countries limits the growth of the market.

The global microtome market, based on product, is segmented into microtome instruments and microtome accessories. The microtome instruments segment held a larger share of the market in 2019, and it is further estimated to register a higher CAGR during the forecast period; this projected growth is ascribed to the increasing product launches, growing adoption of microtome in histology labs, and high use of these instruments by healthcare providers in cancer diagnosis.

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The growth of the microtome market is attributed to factors such as rising prevalence of cancer and increasing adoption of digital pathology. However, the lack of adoption of microtomes in low-income countries restrains the growth of the market. PHC Holdings Corporation, MEDITE Medical GmbH, Sakura Finetek USA, Inc., Leica Biosystems Nussloch GmbH (Danaher), Histo-Line Laboratories, SLEE medical GmbH, Diapath S.p.A., Amos Scientific Pty Ltd, Boeckeler Instruments, Inc., and SM Scientific Instruments Pvt. Ltd are among the leading companies operating in the global microtome market.

Cancer is one of the leading causes of death worldwide, and its rising prevalence is increasing the number of histopathology tests.  A tissue pathology examination is required for the diagnosis of a malignant tumor to predict the onset of cancer. As per the WHO, an estimated 9.6 million deaths were caused by cancer in 2018. Increasing incidences of cancer and growing awareness regarding early diagnostic procedures are anticipated to boost the adoption rate of microtomes during the forecast period. Analysis of biopsy tissues helps pathologists in determining cancer type, stage, and the degree of disease spread.

Moreover, growing awareness programs undertaken by organizations such as National Cervical Cancer Coalition, World Health Organization (WHO), and the Centers for Disease Control and Prevention (CDC) for cancer screening is further driving the market growth. For instance, the National Health Service (NHS) offers cervical screening programs for all women between 25 and 64 years of age in the UK. Also, Cancer Council Australia has recommended mammography as screening tool for the early detection of breast cancer. The screening program-BreastScreen Australia-allows women aged 50-74 to get free mammograms in every two years. As per the BreastScreen Australia, over 1.8 million women aged 50-74 participated in the screening program in 2017-2018. Thus, the aforementioned factors have led to an increased adoption of histopathology and tissue sectioning instruments, in turn, propelling the market growth.

To comprehend Global Microtome market dynamics in the world mainly, the worldwide Microtome market is analyzed across major global regions.

  • North America: United States, Canada, and Mexico.
  • South & Central America: Argentina, Chile, and Brazil.
  • Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
  • Europe: UK, France, Italy, Germany, Spain, and Russia.
  • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

The report segments global microtome market as follows:

By Product

  • Microtome Instruments
    • Rotary Microtomes
    • Cryostat Microtomes
    • Vibrating Microtomes
    • Other Microtome Instruments
  • Microtome Accessories

By Technology

  • Manual Microtomes
  • Semi-automated Microtomes
  • Fully Automated Microtomes

By End User

  • Hospitals
  • Clinical Laboratories
  • Other End Users

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