Microtome Equipment Market
Number of pages: 100 | Report Format: PDF | Published date: February 13, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 164 million |
|
Revenue Forecast in 2030 |
US$ 281 million |
|
CAGR |
6.2% |
|
Base Year For Estimation |
2021 |
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Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Product Type, Technology, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global microtome equipment market was valued at US$ 164 million in 2021 and is expected to register a revenue CAGR of 6.2% to reach US$ 281 million by 2030.
Microtome Equipment Market Fundamentals
A microtome is an equipment that slices a block of implanted tissue into extremely thin slices regularly and precisely. Microtome equipment is used to prepare samples for electron or diffused light microscopy examination. Frozen tissues are sectioned using specialist microtomes and paraffin- and plastic-embedded tissues using several types of microtomes.
Microtomes may use steel, glass, or diamond blades depending on the specimen being cut into and the desired thickness of the sections being cut. Light microscopy histological slices of animal or plant tissues are prepared using steel blades. Glass knives are utilized to cut very thin sections for electron microscopy and cutting sections for light microscopy. There are various types of microtomes, each built for a particular function, though many serve multiple purposes. In honor of its designer, the rotary microtome is commonly called the Minot. The rotary microtome can be fully automated, semi-automated (one motor advances either the fine or coarse hand-wheel), or manual (totally controlled by the user) (two motors that drive both the fine and the coarse advance hand-wheel). A vibrating blade is used in vibrating microtomes, which makes it easier to cut samples. This microtome is frequently used for processing biological materials, such as nerve tissues, the brain, and the spinal cord, and applies less pressure than would be necessary with a stationary blade. To guarantee the retention of high-quality viable cells, the instrument’s stability lowers the mechanical forces acting on the tissue sample.
Microtomy automation has benefited from technological advancements that have enhanced productivity, improved worker safety, and improved section quality. Repetitive motion disorders, a prevalent occupational health issue in the histology lab, are less likely to occur when the microtome is not operated manually.
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Microtome Equipment Market Dynamics
The rising incidence of chronic diseases, the growing elderly population, and the increasing cost of healthcare, particularly in developed nations, are the primary factors driving revenue growth in the global microtome equipment market. One of the main drivers projected to spur revenue growth is the expanding commercial availability of high-quality diagnostic technology in developed economies, accounting for most of the revenue share.
However, there is an unmet demand for technologically improved diagnostic equipment because of lower per capita disposable income and less commercial availability in developing countries. Additionally, producers of diagnostic equipment frequently choose to locate their factories in developing nations, such as Brazil, India, and China, as well as those with sizable domestic markets. Additionally, the global microtome equipment market has expanded because of the increased prevalence of chronic diseases, including cancer and diabetes. Tissue examination is necessary for oncology diseases to determine the presence of tumor cells. As a result, the global microtome equipment market is expected to expand due to the increased cancer incidence. For instance, the World Health Organization (WHO) estimates that more than 3.7 million new cases and 1.9 million deaths occur annually in Europe, with cancer ranking as the continent’s second-leading cause of mortality and morbidity.
However, due to the lack of skilled professionals, the microtome equipment market is expected to face challenges in terms of revenue growth.
Microtome Equipment Market Ecosystem
The global microtome equipment market has been analyzed from four perspectives: product type, technology, end user, and region.
Microtome Equipment Market by Product Type
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Based on product type, the global microtome equipment market is segmented into microtome devices and accessories.
The microtome devices are sub-segmented into vibrating microtomes, rotary microtomes, and others. The microtome devices sub-segment emerged as the dominating type of product segment. The rise in the revenue share of the segment can be attributed in part to the commercial availability of these systems and their widespread adoption due to their ease of usage. The Semi-Automatic Rotary Microtome M530 from MEDITE GmbH and the Cryostat Microtome SMI-3010 from S.M. Scientific Instruments Pvt. Ltd., CUT 4062 manual precision microtome, and the Boeckeler Instruments, Inc. CR-X Cryo system dominate the market.
Due to its significant commercial presence compared to other types of devices, the rotary microtome segment of the device market accounts for the majority of revenue share. One important factor in expanding the market is that more than 60% of commercial devices are rotary. Due to the growing demand for these accessories in hospitals and clinics, and technological advancements, such as portability and user-friendly operability, the accessories segment is anticipated to experience significant revenue growth during the forecast period.
Microtome Equipment Market by Technology
Based on technology, the global microtome equipment market has been segmented into manual, fully automated, and semi-automated.
The fully automated microtomes segment accounts for the majority of the global microtome equipment market share owing to the growing demand for technologically advanced products, especially in developed economies, such as the U.S., Germany, France, and Japan. This segment is expected to expand at the fastest revenue CAGR during the forecast period due to the large-scale availability of fully automated commercial systems and the rising need for the digitalization of tissue diagnostic processes. Some key automated products include Tissue Surgeon, Tissue-Tek Auto Section Automated Microtome, and PT-PC Power Tomes.
The semi-automated microtomes segment accounts for the second-largest revenue share of the market, as these devices are ideal for routine sectioning and research applications in pathology and histopathology. In contrast, manual microtomes, which necessitate manual adjustments, have the lowest market share. However, manual microtomes are preferred in developing economies due to their low costs.
Microtome Equipment Market by End User
Based on end user, the global microtome equipment market has been segmented into hospitals, pharmaceutical & biotechnology companies, ambulatory surgical centers, and pathology laboratories.
The hospital laboratories segment dominates the global market for microtome. The high volume of routine tissue examinations carried out in hospital-based laboratories and the expanding patient population are primary contributors to the revenue growth of the hospital laboratories segment of the market. The diagnostic laboratories segment accounts for the second largest market revenue share due to the rising number of diagnostic labs and the expanding number of patients.
Microtome Equipment Market by Region
Based on region, the global microtome equipment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Advanced healthcare infrastructure facilities, an increase in public and private sector investments in in-vitro diagnostics, the presence of numerous market players, and the adoption of technologically advanced products contribute to the dominance of the North America market. Additionally, the rising incidence of cancer in North America is driving up the need for biopsies, which is driving the market revenue growth in the region. The U.S. was the most important market in North America and is expected to generate the most revenue during the forecast period. This can be attributed to the growing laboratory automation and the rising demand for technologically advanced diagnostic equipment. The presence of many local players fuels the microtome equipment market expansion in the U.S. Demand for these devices is also anticipated to rise as product lines expand and new products enter the market.
In Asia Pacific, the microtome equipment market is anticipated to grow at the fastest revenue CAGR during the forecast period due to the rapid expansion of the medical tourism sector, growth in public awareness of the benefits of early diagnosis, and rise in per capita income.
Microtome Equipment Market Competitive Landscape
The prominent players operating in the global microtome equipment market are:
The global microtome equipment market is expected to register growth at a revenue CAGR of 6.2% during the forecast period.
Leica Biosystems Nussloch GmbH, LLS ROWIAK LaserLabSolutions GmbH, Sakura Finetek Europe B.V., Boeckeler Instruments, and MICROS Austria Produktions-und Handelsges.m.b.H are among the key players operating in the global microtome equipment market.
The automated microtome devices segment accounts for the greater revenue share of the global microtome equipment market.
Asia Pacific is expected to register the highest global microtome equipment market revenue growth during the forecast period from 2022 to 2030.
The global microtome equipment market was valued at US$ 164 million in 2021.
*Insights on financial performance are subject to the availability of information in the public domain