Microtome Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Technology, Product and Region

Microtome Market Definition/ Overview

A microtome is a specialised tissue sectioning equipment used to cut uniformly thin slices of biological samples acquired from plants and animals. For various specimens and sample thicknesses, it consists of specialised blades made of metal, glass, or diamond. Hand-held, rotational, vibrating, sledge, cryostat, and ultramicrotome are some of the most commonly used microtomes. A block holder, knife clamps, block adjustments, thickness gauge, and an operating handle are all included. Microtomes offer a variety of cutting modes, including single, interval, multi, and continuous high throughput serial sectioning. They are commonly utilised for accurate diagnosis of chronic diseases and aid in cytological, histological, and pathological studies.

 

 

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Microtome Market Dynamics

• Increased cases of chronic diseases - The increased incidence of numerous chronic diseases, as well as the rising number of cancer patients around the world, are likely to propel the microtome market forward in the forecast decade. Furthermore, the microtome market is expected to develop because to an increase in demand for digital pathology research.

 

• Increasing awareness about microtome advantages - In the coming years, the growing older population, together with increased patient awareness of the benefits of early disease diagnosis, will present further potential growth possibilities for the microtome industry.

 

• Cancer - Cancer is one of the leading causes of death worldwide, and the number of histopathology tests is increasing as a result. To diagnose a malignant tumour and predict the onset of cancer, a tissue pathology examination is required. During the projection period, rising cancer occurrences and increased awareness of early diagnostic techniques are expected to improve the adoption rate of microtomes. Pathologists use biopsy tissues to determine the type of cancer, stage, and extent of disease spread. Furthermore, expanding cancer screening awareness efforts by organisations such as the National Cervical Cancer Coalition, the World Health Organization (WHO), and the Centres for Disease Control and Prevention (CDC) are propelling the industry forward.

 

• Lack of expertise - Concerns over a lack of competence among people about the operability of these devices are expected to restrict the microtome market's growth over the forecast period.

 

• Lack of payment policies - The lack of appropriate payback plans for these devices, combined with reductions in reimbursement policies, may pose a further barrier to the microtome market's growth in the near future.

 

Microtome Market Segment Analysis

By Product, the Microtome Market is segmented as Microtome Instruments, Microtome Accessories. Microtome Instruments dominate the Microtome market with the market share of 70% in the year of 2023 as a microtome instrument cuts sections from a block of implanted tissue with precision. To section paraffin-embedded tissues, a variety of microtomes are used. For research and diagnostic applications, microtomes and cryostats cut homogenous pieces of tissues. Microtomes with advanced versions can cut sections with thicknesses ranging from 0.1 m to 100 m. Microtomes come in a variety of shapes and sizes, including rotating, freezing, sliding, ultra, and laser microtomes. As a result, the availability of a diverse range of microtomes for various pathology applications is propelling segmental market growth. Microtome Accessories has the market share of 30% in 2023. Because of the increased need for these accessories in hospitals and clinics, as well as technological developments in microtome such as mobility and user-friendly operability, the accessories segment is predicted to rise at the fastest rate.

 

 

By Technology, the Microtome Market is segmented as Automatic, Semi-Automatic and Manual. Automatic segment dominates the Microtome Market with the market share of 39% in 2023 because of the growing demand for technologically advanced products that can demonstrate the highest level of precision in section thickness Furthermore, fully automated microtomes do not necessitate time-consuming manual modifications. Semi-automatic has the market share of 34% in 2023 as they're perfect for routine sectioning and research in pathology and histopathology and are cheaper and more affordable than fully automatic microtome. Manual has the lowest market share of 27% as it requires manual adjustments and there is lack of trained and skilled personas for these adjustments. However, the demand for these microtomes is more in developing countries due to low price.

 

Microtome Market Regional Insights

North America dominates the Microtome market with the market share of 28% in the year of 2023 because of the vast patient population, rising cancer prevalence, and a large number of market players, it is the largest regional market. Furthermore, the Americas microtome market is being driven by an increase in governmental and private sector investments in in-vitro diagnostics, as well as increased demand for technologically improved diagnostic equipment.

 

Europe has the market share of 25% in 2023 as the microtome market in Europe is rising due to the growing presence of the developed pharmaceutical sector and the significant demand for improved technologies. Microtome market growth is also fuelled by increasing organisational activities.

 

Asia Pacific has the market share of 21% in 2021. In the microtome market, the Asia-Pacific region is expected to grow at the fastest rate. Due to rising per capita income, public knowledge of the benefits of early diagnosis, and the burgeoning medical tourism business, this region is expected to experience tremendous growth.

 

South America has the market share of 16% in 2021 and Middle East & Africa has the market share of 10% in 2021 because of a lack of healthcare infrastructure and exposure to technological advances.

 

In the report, Porter’s Five Forces model is used which gives us help to design the business strategies in the market. It tells us about our competition and the buyers which are the 2 most influencing factors for our company. It tells that how buyers are will or will not gain more bargaining powers than the suppliers and also the difficulty level for another company to enter the industry or for a company to exit it.

 

The report also has PESTEL analysis, which gives an overview of the whole business and its strategies. Political angles help in analysing the role of govt. in the shaving industry and economics obviously influence it to the core. Social and Environmental analysis helps in understanding the future of the company and hance helps in making decisions for the future. Technological factors help in analysing the production aids that we can give to the company. And legal analysis helps in smooth functioning without any legal hindrance.

 

Microtome Market Scope

Microtome Market
Market Size in 2023	USD 514.82 Mn.
Market Size in 2030	USD 805.30 Mn.
CAGR (2024-2030)	4.3%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Technology Automatic Semi-automatic Manual
	By Product Type Microtome Instruments Microtome Accessories
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Microtome Market Key Players

• Abbott (US)
• Merck (Germany)
• Thermo Fisher (US)
• Danaher (US)
• Roche (Switzerland)
• Diasorin (Italy)
• Biomérieux (France)
• Diagnostic Automation/Cortez Diagnostics (US)
• Qualigen (US)
• Kronus (US)
• Autobio Diagnostics (China)