Microtome Market Is Projected To Grow At A CAGR 4.6% CAGR from 2014 to 2025: Grand View Research, Inc.
The global microtome market is expected to reach USD 73.5
million by 2025, according to a new report by Grand View Research, Inc. Growing
awareness about early diagnosis of chronic diseases and increasing demand for
technologically advanced diagnostic equipment are some of the key factors
anticipated to drive the microtome market.
According to the estimates of
Laboratory Economics, in 2012, over USD 20 billion was spent on laboratory
mergers between 1996 and 2011. In 2011, approximately USD 3.5 billion was spent
on laboratory mergers. Increasing worldwide geriatric population, growing
healthcare expenditure, and rising patient awareness regarding early disease
diagnosis are some of the key factors expected to propel the tissue diagnostics
market. This, in turn, is likely to boost demand for tissue slicing equipment.
However, reimbursement cuts and hospital consolidation are some of the factors
expected to hamper growth.
Although the U.S. ranks first in
terms of per capita healthcare spending, spending on clinical laboratories is
significantly lower as compared to other healthcare aspects. Moreover, overall
growth in the clinical laboratory market is majorly dependent on demographic
factors, technological, medical, & scientific advancements, and disease
burden specific to that region. Developed economies, such as the U.S., Germany,
Japan, Canada, and France, have huge R&D budgets, higher technological
advancements, and more awareness regarding various health aspects as compared
to developing economies. This is likely to account for majority of the share in
these regions.
Growing number of histopathology
laboratories, high growth potential of anatomical pathology labs in emerging
economies, and rising awareness regarding digital pathological systems are some
key attributes that can provide new opportunities to players. Adoption rate of
histology equipment is expected to gain substantial momentum owing to growing
usage of technologically advanced biomarkers in diagnosing various diseases
such as cancer and other infectious diseases.
U.S. microtome market revenue
by product, 2014 - 2025 (USD Million)
Browse full research report on
Microtome
Market
Further key findings from
the report suggest:
- The global
microtome market size was estimated at USD 48.6 million in 2016 and is
expected to grow at a CAGR of 4.6% from 2017 to 2025
- The microtome
devices segment emerged as the largest product segment in 2016
- Microtome
accessories such as blades, blade holders, and clamps is anticipated to
witness fastest growth over the next eight years
- The Asia
Pacific region is anticipated to witness lucrative growth over the next
decade. It is expected to grow at a CAGR of 9.2% over the forecast period
- Some of the
key players are LLS ROWIAK LaserLabSolutions GmbH; Leica Biosystems
Nussloch GmbH; Sakura.; MEDITE GmbH; SLEE medical GmbH; Boeckeler
Instruments, Inc.; 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
For
more information: http://www.grandviewresearch.com
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