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 pe...