Global Microtomes Market is anticipated to grow at a CAGR of 6.4% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global Microtomes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global microtomes market accounted for approximately US$ 124 million in 2019. It is anticipated to grow at a CAGR of 6.4% from 2020 to 2030.
The growth of the global microtomes market can be attributed to factors such as the high prevalence of cancer and the wide-scale adoption of microsurgical instruments. Additionally, increasing healthcare expenditure, increasing patient awareness and the utilization of advanced technology in the field of microsurgical instruments, are further anticipated to propel growth of the global microtomes market during the forecast period. However, the lack of skilled professionals is a key factor that will hinder growth of the global microtomes market in the coming years.
The increasing cancer prevalence, rising geriatric population, and the increasing demand for early-stage diagnosis will boost the microtome market globally during the forecast timespan. The increased prevalence of chronic diseases will boost demand for microtome systems. In oncological disease, the examination of tissues is carried out to diagnose the existence of tumor cells. With the help of microtome devices, the extraction of precise tissue sections is possible. Moreover, the increasing demand for routine tissue examinations in R&D, hospitals, and clinics owing to raising awareness regarding the benefits of early diagnosis of various diseases, including cancer, is likely to propel market growth during the forecast period.
The market is experiencing significant growth due to the increasing focus on personalized medicine and emerging economies are offering growth opportunities for players in the microtomes market. Rising healthcare expenditure by governments, the rising demand for digital pathology, and the presence of robust infrastructure to perform tests in high volumes at hospitals will boost the global microtomes market. Technological advancements in microtomes will enable lower maintenance costs and increased portability, which will fuel growth of microtomes market.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, Global Microtomes Market By Product (Microtome Instruments and Microtome Accessories), Application (Disease Diagnosis and Medical Research), Technology (Manual Microtomes, Semi-Automated Microtomes, and Fully Automated Microtomes), End-User (Hospital Laboratories and Clinical Laboratories) – Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/global-microtomes-market/357
Increasing concerns regarding the proper operation of microtomes and the lack of skilled professionals are the key factors that are likely to hinder growth of the global microtome market in the coming years. Moreover, rising technological advancements have led to the development of advanced alternatives, which can further hamper market growth.
North America accounted for the largest market share in the global microtomes market. Increasing population, continuously growing economy, rising disposable income and increasing awareness regarding microtomes are expected to propel growth of the microtomes market in the region. Additionally, supportive government healthcare regulations and norms are anticipated to present attractive growth prospects for the market during the forecast period.
Some of the prominent players in the global microtomes market include Danaher, Sakura Finetek USA, Inc., Amos Scientific Pty Ltd, Cardinal Health, Histo-Line Laboratories, Diapath S.p.A., Thermo Fisher Scientific, Jinhua YIDI Medical Appliances CO., LTD, SLEE medical GmbH, and MEDITE Medical GmbH, among others.
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