Microtome Market Size is set to register an appreciable growth rate from 2022 to 2028. The rising prevalence of cancer, cardiovascular diseases, diabetes, and other chronic diseases and the emerging geriatric population across the globe are the primary factors contributing to the growth of the microtome market. A microtome is a cutting instrument that produces scrawny sections repeatedly and accurately from a block of submerged tissue. They are used for sample preparation in microscopy for monitoring under electron radiations or disseminated light rays.
Increasing healthcare spending among people driven by the awareness about the advantages of early diagnosis and an upsurge in routine tissue examination and biopsies will fuel the microtome market growth in the forthcoming years. Moreover, new product innovations and technological advancements brought forth through R&D investments and activities by key industry players will foster the market demand in the years ahead.
Based on the product, laser microtome is poised to witness remarkable expansion over the forecast timeframe owing to the several benefits the product offers. A laser microtome is designed to perform high precision non-contact slicing of biological tissues. It does not require sample preparation procedures like dehydrating, freezing, and embedding and is capable of slicing the tissue in its original form leading to more accurate outcomes. These benefits will propel the segment growth in the projected timeframe.
With regards to the application, the disease diagnosis segment may experience substantial growth pushed by the growing prevalence of oncological and chronic diseases across the globe. Growing awareness among people about healthcare and the advantages of early diagnosis leading to the increasing number of routine tissue examinations are some of the factors propelling the segment growth.
With respect to the technology segment, fully automated microtome may emerge as a major growth hub. These devices are easy to align and operate and provide faster tissue sectioning with fewer breakdowns resulting in more accurate and precise outcomes. Increasing usage due to exceptional product benefits will push the product growth during the forecast period.
Research centers are expected to register substantial growth because of the emerging R&D activities in the industry for new and improved product innovations. An increasing number of health checkups and examinations will propel segment growth. Alongside, specimens testing of drugs and therapies to check their effectiveness will spur the industry growth in the upcoming years.
North America is poised to witness significant expansion owing to the prevalence of oncological disorders, cardiovascular diseases, chronic diseases, and diabetes cases in the region. The rising geriatric population and the presence of the major market players focusing on several R&D activities and product innovations will change the microtome market forecast in the region.
Some of the eminent market players that are taking necessary initiatives to boost the growth trends in the microtome market are Danaher, Thermo Fisher Scientific, Sakura Finitek Japan, SLEE medical, MEDITE Cancer Diagnostics, AGD Biomedicals, RMC Boeckeler, Amos Scientific, Leica Biosystems Nussloch, Alltion, and Histo Line Laboratories. These market players are implementing tactics such as mergers, acquisitions, and collaborations to safeguard their position in the microtome market and strengthen their customer base.
COVID-19 posed major disruptions in the microtome industry last year. Travel and movement restrictions due to lockdowns along with the infection risk anxiety among people limited the number of visits to the hospitals and path labs. Additionally, the socioeconomic impact of the pandemic reduced the healthcare expenditure of people across the globe.
However, the increasing health and early diagnosis awareness among the people leading to an upsurge in the number of routine health examinations will support the market expansion in the coming times. Alongside, with an increasing number of vaccinations, hospitals and path labs may register more visits, thereby changing the industry outlook.
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