Microtome Market is Growing at a Promising CAGR of 6.1% During Forecast 2019-2025

Market Forecast:
A microtome is a tool used to cut extremely thin sections of tissue samples. Microtomes help in extremely fine cuts that are important for preparations used in microscopy. Different kinds of microtomes made up of metals and glass are used depending on the type of specimen and the desired thickness.
The global Microtome Market is projected to register a CAGR of 6.1% and accounted for USD ~120 million in 2018.
The growth of the global microtome market is driven by various factors such as an increase in the incidence of chronic disorders, increasing prevalence of lifestyle diseases, and increasing mergers & acquisitions by prominent players in the market. However, lack of skilled workforce is projected to hamper the growth of the global microtome market.
The global microtome market is currently dominated by several market players such as Danaher Corporation, Thermo Fisher Scientific, and Sakura Finetek, among others. Additionally, growing growth strategies adopted by market players are driving the growth of the market. For instance, in 2018, Sakura Finetek launched Accu-Cut SRM 300 LT, manual microtome.
Key Players:
·         Amos Scientific Pty Ltd
·         Danaher
·         Diapath S.p.A.
·         Histo-Line Laboratories
·         Jinhua YIDI Medical Appliance Co
·         MEDITE GmbH
·         Boeckeler Instruments
·         Sakura Finetek
·         SLEE Medical GmbH
·         Thermo Fisher Scientific
Segmentation:
·         The Global Microtome Market has been segmented based on product, application, technology, and end-user.
·         The market, based on product, has been divided into instruments and accessories. Instruments are further sub-segmented into rotary microtomes, cryostat microtomes, vibrating microtomes, and others. Instruments are expected to hold the largest share, due to the commercial availability of these systems and their high adoption rate due to ease of handling.
·         In terms of application, the global microtome market has been segmented into disease diagnosis and medical research. Disease diagnosis takes up the largest share due to the increasing number of tissue examinations in research laboratories and hospitals owing to rising awareness about the benefits of early diagnosis of diseases like cancer.
·         In terms of technology, the global microtome market has been segmented into manual, semi-automated microtomes, and fully automated microtomes. The fully automated segment held the majority share due to rising demand for technologically advanced products and its ability to show the highest precision in section thickness. Additionally, fully automated microtomes do not require tedious manual adjustments.
·         In terms of end-user, the global microtome market has been segmented into hospital laboratories and clinical laboratories. Hospital laboratories take up the largest share. The positive growth of hospitals is attributed to factors such as a high volume of routine tissue examinations performed in hospital-based laboratories across the globe and growing patient population.
Regional Analysis:
Americas: The Americas holds the largest share in the global microtome market.
North America: The North American market for Microtome is growing at a substantial rate. This is attributed to the increasing number of patients affected by chronic disorders and the growing presence of major market players.
US: Major market players are involved in strategic partnerships and product launches to come up with innovative products. Moreover, the rising cases of cancer among the US population is driving market growth. For instance, in May 2018, Leica Biosystems, part of Danaher, introduced new line of rotary microtomes to its full line of histology equipment and consumables. This new product includes HistoCore BIOCUT, HistoCore MULTICUT, and HistoCoreAUTOCUT clinical microtomes.
Latin America: Improving investments in research & development by market players is expected to fuel the growth of the market in this region.
Europe: The growing awareness among the population regarding chronic disorders is expected to boost the growth of the regional market

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