South America Microtome Market: Industry Analysis and Forecast (2023-2029)
South America Microtome Market size was valued at US$ 75.82 Mn. in 2022 and the total revenue is expected to grow at CAGR of 6 % through 2023 to 2029, reaching nearly US$ 111 Mn. by 2029.
Format : PDF | Report ID : SMR_730
South America Microtome Market Definition/ Overview
South America Microtome Market report examines the market's growth drivers as well as its segments. Data has been provided by market participants, and regions. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the South America Microtome markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the South America Microtome market.
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. South America is a region which is growing slowly in the microtome market due to slow growing economies and rising income inequality and hence, high percentage of poor population.
South America Microtome Market Dynamics:
South America Microtome Market Drivers:
More Developing Economies – Almost all South American economies like Brazil, Argentina, Peru etc. are developing countries and these developing countries are ready to develop some pathological and histopathological labs in South American Countries. Key players mainly from North America and Asia Pacific like Abbott and Autobio Diagnostics are setting up labs and also providing them with microtome machines.
Direct intervention from International Organizations - The NHM backed all states in India to deliver essential diagnostics at their public health facilities free of charge under the Ministry of Health and Family Welfare (MHFW) and the Government of India. Inspired by this, the WHO published the first version of the Essential Diagnostics List (EDL) in May 2018, bringing this programme to a worldwide level and are nor helping countries in South America to run awareness programs, train people on how to use microtome machines and also helping them financially and setting up labs, clinics and hospitals.
Cancer is one of the leading causes of death in South America, and its rising prevalence is increasing the number of histopathology tests performed. To forecast the start of cancer, a tissue pathology analysis is required when examining a malignant tumour. According to data reported in the Cancer Atlas, South America has almost 1.5 million new cancer cases in 2021 and around .7 million deaths from cancer which is a dangerous stat as the cancer mortality rate is as high as almost 50%. To reduce the mortality rate, South America would need a lot of labs, clinics, microtomes and good staff to control these cases and deaths from cancer. This will increase the demand of microtomes from South American countries and hence will be a major driver for Microtome market in South America.
South America Microtome Market Restraints:
Lack of an overall infrastructure – In South America, the demand of microtome machines is increasing day-by-day and they are also able to satisfy that demand lately but the overall infrastructure is very poor. South America doesn’t have proper labs to incorporate those heavy machines, this region does not produce enough good personals to handle the microtomes as high skills and qualifications are needed, there is no strong repayment policy for microtomes, and there are no key players from South America who can contribute for betterment of microtome market situation there. All these factors hinders the growth of microtome market in South America at a very high degree.
COVID-19 Impact on South America Microtome Market:
A considerable number of COVID-19 cases have been reported in South America; the rising number of cases in Brazil, Peru, Chile, Ecuador, and Venezuela is anticipated to have a detrimental influence on the market. A large number of South American countries have severely undeveloped healthcare facilities. Peru, for example, has fewer than 1000 acute care unit beds for its 32 million people. Furthermore, supply chain disruptions resulting from port congestion and other transportation disruptions had a significant influence on the distribution of associated devices in the region. Numerous elective procedures, particularly those deemed non-urgent, have been postponed or dropped by several clinics. This has adversely affected the microtome market in South America as governments are focused more on buying and developing vaccines then microtomes.
South America Microtome Market Segment Analysis
By Product, the South America Microtome Market is segmented as Microtome Instruments, Microtome Accessories. Microtome Instruments dominate the South America Microtome market with the market share of 75% in the year of 2021 due to ease of handling as these instruments can be handles even if the infrastructure is not that developed and also microtome instruments are cheaper than accessories and it is in great advantage for South America as the personal disposable income is quite less in the region. Also, some key manufacturers from North America tend to sell microtome instruments to South American countries for cheaper price as help like MEDITE GmbH is offering Semi-Automatic Rotary Microtome M530, and SLEE medical GmbH is offering CUT 4062 manual precision microtome. Microtome Accessories have the market share of 25% in 2021 in the South American region as the prices of accessories are quite high and they can’t be used efficiently in poor circumstances like bad infrastructure and outdated labs. But, because of rising demand for these accessories in hospitals and clinics, as well as technological advancements in microtome such as portability and user-friendly operability, the accessories segment is expected to grow at the fastest rate.
By Technology, the South America Microtome Market is segmented as Automatic, Semi-Automatic and Manual. Semi-Automatic dominates the market with the market share of 43% in 2021 because of the cheaper price that makes it more affordable for the South American countries to buy and use. Also, this segment is mostly used in routine sectioning which is majorly done in the cases of breast cancers and in South America is present is the largest amount (11.7%) followed by Lung Cancer (11.4%). This also drives the semi-automatic microtome market in South America. Manual and Automatic microtome holds almost equal market share of 31% and 26% respectively in 2021 as manual is very cheap and can be used efficiently in outdated, less advanced pathology labs and automatic segment holds the least market because of its high price and its demand of high tech., advanced labs and clinics which South American countries are not able to provide in right numbers in 2021. But, the market share for automatic might increase and take over manual segment due to help by international organizations and lowering prices of automation in the world.
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South America Microtome Market Scope:
South America Microtome Market Scope
Market Size in 2022
Market Size in 2029
USD 111 Mn.
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
South America Microtome Market Key Players
- Thermo Fisher
- Diagnostic Automation/Cortez Diagnostics
Frequently Asked Questions
- Scope of the Report
- Research Methodology
- Research Process
- South America Microtome Market: Target Audience
- South America Microtome Market: Primary Research (As per Client Requirement)
- South America Microtome Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- South America Microtome Market Segmentation
- South America Microtome Market, by Technology (2022-2029)
- South America Microtome Market, by Product (2022-2029)
- Microtome Instruments
- Microtome Accessories
- South America Microtome Market, by Technology (2022-2029)
- Company Profiles
- 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)
- SM Scientific Instruments Pvt. Ltd. (India)
- Shenzhen Dakewei Biotechnology Co., Ltd. (China)
- Medimeas (India)
- Key Players
- Key Findings