Microtome Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Microtome Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Microtome Instruments and Microtome Accessories), Technology (Manual Microtomes, Semi-automated Microtomes, and Fully Automated Microtomes), End User (Hospitals, Clinical Laboratories, and Other End Users), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPRE00006522
  • Category : Medical Device
  • No. of Pages : 150

Microtome Market SWOT and PEST Analysis 2021-2031

Buy Now

The microtome market size in 2021 stood at US$ 141.21million and is foreseen to reach US$ 254.29million by 2031. The market is expected to register a CAGR of 6.6% in 2023–2031. Technological advancements in disease diagnosis are likely to remain key microtome market trends.

Microtome Market Analysis

The increasing number of chronic diseases among people, growing R&D spending by pharmaceutical giants, and increased investment in R&D activities are prime contributing factors for an extraordinary growth rate of the market. In addition, the developing healthcare infrastructure through international collaboration and joint ventures with market leaders for drug discovery, development and commercialization also propels the market growth. These all factors are anticipated to benefit the microtome market during the forecast period.  

Microtome Market Overview

Microtome is a device used for sample preparation in laboratories. Microtomes prepare slices of biological specimens into evenly thin sections for a detailed microscopic examination. Present microtomes have three basic components: body, knife & knife attachment, and material- or tissue-holder. The increasing cases of chronic diseases such as cancer are fueling the growth of the market as microtomes are essential for biopsy. According to the GLOBOCAN Report 2020, ~19.29 million new cancer cases have been reported globally, along with 9.95 million reported deaths caused by the disease. According to the WHO, Japan reported 1.02 million new cancer cases in 2020. Cancer is one of the top causes of death worldwide, and its prevalence is increasing the number of histopathology tests. A tissue pathology examination is required to determine a malignant tumor to predict the outcome of cancer.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Microtome Market: Strategic Insights

Microtome Market
  • CAGR
    CAGR (2023 - 2031)
    6.6%
  • Market Size 2021
    US$ 141.21 Million
  • Market Size 2031
    US$ 254.29 Million

Market Dynamics

GROWTH DRIVERS
  • Increasing Adoption of Digital Pathology
FUTURE TRENDS
  • Growing Focus on Personalized Medicine
OPPORTUNITIES
  • Technological Advancements in Disease Diagnosis

Key Players

  • 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
  • SM Scientific Instruments Pvt Ltd

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentProduct
  • Microtome Instruments
  • Microtome Accessories
Market SegmentTechnology
  • Manual Microtomes
  • Semi-automated Microtomes
  • Fully Automated Microtomes
Market SegmentEnd User
  • Hospitals
  • Clinical Laboratories
  • Other End Users
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Microtome Market Drivers and Opportunities

Increasing Adoption of Digital Pathology Drives Market Growth

Digital diagnosis has become a crucial aspect of surgical pathology in the lab. Nowadays, formalin-fixed paraffin-embedded slides are digitally scanned into high-resolution digital images. These are then examined, analyzed, and shared with other pathologists for better diagnostic results. With the total number of new cancer cases expected to rise globally, pathology laboratories are seeking ways to meet increased service demand. This has led to the increasing adoption of digital pathology, allowing laboratories to work more efficiently. Clinical laboratories have been widely using microtomes for diagnosis purposes. For instance, the Tissue-Tek Auto Section automated microtome from Sakura Finetek offers the benefit of automation over manual microtomes. Moreover, the increasing volume of routine tissue examinations also increases the demand for automated microtomes. To handle such a large sample size, automated microtomes provide numerous benefits to pathologies, such as high speed, improved efficiency, and reduced strain. Digital penetrations in hospitals and diagnostic laboratories are helping to improve diagnostic capabilities, thereby driving market growth.

Growing Focus on Personalized Medicine to Favor Market Growth

Personalized medicine is becoming the trademark of cancer treatment; it is a constantly emerging approach based on customized treatments per the individual genetic structure. The rising adoption of personalized medicine has led to an increase in demand for the use of human tissue as the field requires human tissue to develop innovative tests. Microtomes are widely used to prepare formalin-fixed paraffin-embedded tissue samples and to design high-quality biological materials for biobanks, which are used for various research applications. Moreover, microtomes are also used to prepare tissue microarrays composed of small tissue 0.6 mm in diameter embedded in paraffin blocks. Precision medicine is being considered as one of the most promising approaches to tackle diseases such as cancer, neurodegenerative diseases, and rare genetic conditions. Precision medicine utilizes an individual's genomic information to offer targeted treatment for a particular indication. The increasing prevalence of a number of chronic diseases has increased the demand for biologics, drugs for orphan diseases, and personalized medicines.

Microtome Market Report Segmentation Analysis

Key segments that contributed to the derivation of the microtome market analysis are product, technology, and end user.

  • Based on product, the microtome market is divided into microtome instruments, microtome accessories. The microtome instruments segment held the largest market share in 2023 and is anticipated to register the highest CAGR during the forecast period.
  • By technology, the market is segmented into manual microtomes, semi-automated microtomes, fully automated microtomes. The fully automated microtomes segment held the largest share of the market in 2023 and is projected to register the highest CAGR during the forecast period.
  • In terms of end user, the market is categorized into hospitals, clinical laboratories, other end users. The clinical laboratories segment held the largest market share in 2023. The other end users segment is anticipated to register the highest CAGR during the forecast period.

Microtome Market Share Analysis by Geography

The geographic scope of the microtome market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the microtome market. North America market is expanding due to several factors, including the rising development in the field of biotechnology and pharmaceutical sectors, enhanced clinical and diagnostics research, and growing government support of research. In addition, growing research in the healthcare sectors and increasing innovations for various therapeutic areas are leading to market growth in the region. Similarly, the presence of various international and domestic players that are continuously involved in the development of various laboratory instruments required in clinical and diagnostic research labs also augments the growth of the market in the region. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Microtome Market Report Scope

Report Attribute Details
Market size in 2021 US$ 141.21 Million
Market Size by 2031 US$ 254.29 Million
Global CAGR (2023 - 2031) 6.6%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Microtome Instruments
  • Microtome Accessories
By Technology
  • Manual Microtomes
  • Semi-automated Microtomes
  • Fully Automated Microtomes
By End User
  • Hospitals
  • Clinical Laboratories
  • Other End Users
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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
  • SM Scientific Instruments Pvt Ltd
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Microtome Market News and Recent Developments

The microtome market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for microtome and strategies:

  • AccuTec Blades Inc. has published its 2021 histology catalog, introducing the newAccuThrive medical brand. The 2021 AccuThrive blades portfolio highlights a new line of microtome and gross dissection blades engineered via a proprietary grinding, heat treating, and coating formula that produces consistent high-performing products. (Source: AccuTec Blades Inc., Press Release, 2021)

Microtome Market Report Coverage and Deliverables

The “Microtome Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product ; Technology ; End User

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Trends and growth analysis reports related to Medical Device : READ MORE..