Global Microtome Market Size, Share, Forecast Report, 2020-2027

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The global microtome market is estimated to grow at a CAGR of over 5% during the forecast period. Microtome tools are utilized for cutting extremely thin slices of material, for the preparation of samples for observation under transmitted light or electron radiation. Steel, glass, or diamond blades are usually used for the microtome devices depending upon the specimen that is to be sliced of desired thickness. In the healthcare sector, steel blades are utilized to prepare sections of plant and animal tissues whereas glass knives are used for light microscopy and to slice very thin sections for electron microscopy.



The factors driving the growth of the global microtome market include the increased healthcare expenditure and higher prevalence of chronic diseases such as cancer. Further, rising digital pathology for the diagnosis of the diseases is also expected to enhance the growth of the market; as digital pathology is widely used in life science applications which include quantitative analysis of whole slide images, immediate web-based consultations with expert pathologists, high throughput scanning of glass slides, and secure archival of pathology data. It also offers quick processing and result accuracy and new and innovative technologies, which in turn creates scope for the growth of the global microtome market during the forecast period. However, factors such as lack of skilled personnel and costly procedures in comparison with manual slicing may hamper the growth of the global microtome device market.



Segmental Outlook



The global microtome market is segmented on the basis of type, technology, and application. Based on the type, the market is segmented into rotary microtome, sliding or base sledge microtome, cryostat microtomes, vibrating microtomes, freezing microtomes, and others. Based on the technology, the market is segmented into manual, semi-automated, and fully automated. Based on the application, the market is segmented into disease diagnosis and medical research.



Disease Diagnosis to Hold Significant Share in the Market



Amongst the application segment, the disease diagnosis segment holds the most significant share in the market during the forecast period. The segmental growth is attributed to the increased prevalence of diseases across the globe. For the diagnosis purpose, the tissue is removed from the patient's body for the detection of the cause of disease. Further, rising surgical procedures and increased awareness among the populations concerning the early diagnosis is likely to augment the demand for microtome, which in turn, will enhance the growth of the market. Whereas medical research segment is estimated to exhibit significant growth during the forecast period, as there are various ongoing R&D activities performed by medical companies and research laboratories in order to develop novel drugs.



Regional Outlook



The global microtome market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a significant share in the global market during the forecast period. This is attributed to thepresence of advanced healthcare infrastructure in the regions. Further, the presence of the key players, increasing prevalence of cancer, and the adoption of technologically advanced products in countries such as the US and Canada give a boost to the regional growth of the market.



Market Players Outlook



Some of the prominent players operating in the global microtome market include AGD Biomedicals Pvt Ltd., Amos Scientific Pty Ltd., Leica Biosystems Nussloch GmbH, MEDITE Medical GmbH, Boeckeler Instruments Inc., SLEE medical GmbH, Thermo Fisher Scientific Inc. and many others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global microtome market.