Wednesday, 24 April 2024
According to our latest study on “Microtome Market Forecast to 2027- COVID-19 Impact and Global Analysis- by product, technology, and end user,” the 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% during 2020-2027. The report highlights trends prevailing in the global microtome market, and the drivers and hindrances pertaining to the market growth.
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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Company Profiles
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.
Strategic Insights
Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios. The players operating in the microtome market adopted the strategy of product innovations to cater to changing customer demand worldwide, which also permits them to maintain their brand name globally.
Microtome Market - By Product
Microtome Market - By Technology
Microtome Market - By End User
Microtome Market - By Geography
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