Vision Research Report, Recently Announced New Report on “microtome market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “microtome market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The microtome research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The microtome market revenue share is set to grow at a yearly rate of 14.6% during 2021-2030, while its valuation is Projected to jump from $ 58.6 million in 2020 to $73.5 million in 2030.
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Report Highlights
Microtome devices emerged as the leading product category and accounted for over 71% of the total revenue in 2020. Commercial availability of these systems and their high adoption due to ease of handling are some of the key factors that can be attributed to the revenue share in 2020. The market is majorly dominated by few products such as Semi-Automatic Rotary Microtome M530 by MEDITE GmbH, Cryostat Microtome SMI-3010 by S.M. Scientific Instruments Pvt. Ltd., CUT 4062 manual precision microtome by SLEE medical GmbH, and CR-X Cryo System by Boeckeler Instruments, Inc.
Rotary microtome held majority of the revenue share in 2020 owing to its huge commercial presence as compared to other types of devices. More than 60% of the commercial device is rotary, which is one of the key factors that can be attributed to the growth of this segment. On average, typical manual rotary equipment costs approximately USD 5,900.
The accessories segment is anticipated to exhibit the highest growth. Growing demand for these accessories in hospitals & clinics due to easy availability is also one of the pivotal factors expected to drive the market. Technological advancements in microtome such as portability and some other features such as user-friendly operability and low maintenance cost are also expected to propel growth over the next few years.
fully automated devices held the majority market share of approximately 42% owing to growing demand for technologically advanced products, especially in developed economies such as the U.S., Germany, France, and Japan. Moreover, this segment is also expected to be the fastest-growing segment over the forecast period. Presence of huge commercially available fully automated systems and increasing demand for digitalization in tissue diagnostic procedures are some of the crucial factors anticipated to boost the market in the next few years. Some of the key automated products are Tissue Surgeon, Tissue-Tek AutoSection Automated Microtome, and PT-PC PowerTomes.
Increasing number of routine tissue examinations in research laboratories and hospitals owing to rising awareness about the benefits of early diagnosis of various diseases including cancer is amongst few factors anticipated to boost market growth. Some of the commercialized automated equipment are Leica RM2255, Tissue-Tek AutoSection, CR-X Cryo System, AEM 480 Fully-automatic Rotary Microtome, and HM 355S Automatic Microtome. Moreover, increasing workload in histopathology laboratories is expected to boost the level of automation in tissue diagnostics to optimize productivity without hampering sample quality.
Growing prevalence of cancer, increasing geriatric population, and rising demand for early disease diagnosis are few key factors anticipated to boost the histopathology industry, and, in turn, propel the market over the forecast period. Manual equipment was the first type to be launched. These systems are mainly preferred in developing economies as their prices are low. However, growing demand for technologically advanced diagnostic equipment and higher commercial presence of fully automated systems are some of the crucial factors anticipated to boost growth.
North America accounted for the largest market share of 50.1% owing to healthcare infrastructure facilities, increase in the investments by public & private sectors in presence of large number of market players, and adoption of technologically advanced products. Furthermore, increasing prevalence of cancer in North America is boosting demand for biopsies, which is leading to increased demand.
The U.S. was the leading market in 2020 and is also anticipated to hold the largest revenue share over the forecast period. This can be attributed to increasing demand for technologically advanced diagnostic equipment and growing automation in laboratories. Presence of large number of local players in this country is driving the growth of this industry. Continuous extension in product lines coupled with new product launches in the market is further expected to boost demand for these devices. Sakura, a leading manufacturer of these devices, launched the world’s first automated and programmable Tissue-Tek Autosection Automated Microtome in 2014. However, stringent state privacy laws for reuse of tissue samples may restrict the development of new tests or improvements in current tests undertaken by laboratories and manufacturers.
However, Asia Pacific is expected to be the fastest-growing region over the next few years. This region is anticipated to witness enormous growth due to increasing per capita income, growing medical tourism industry, and rising public awareness regarding the benefits of early diagnosis. As compared to Japan, China is anticipated to witness faster growth in the Asia Pacific region.
Global microtome market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The microtome trade trends and promoting channels analysed. microtome Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
LLS ROWIAK LaserLabSolutions GmbH; Leica Biosystems Nussloch GmbH; Sakura; MEDITE GmbH; SLEE medical GmbH; Boeckeler Instruments; Nanolytik; S.M. Scientific Instruments Pvt. Ltd.; MICROS Austria Produktions-und Handelsges.m.b.H; AGD Biomedicals (P) Ltd; Alltion; Amos Scientific Pty Ltd; and Thermo Fisher Scientific.
Market Segmentation
Global Microtome Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Microtome market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
microtome Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world microtome Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Microtome Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Microtome Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Microtome Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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