Microtome Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Microtome market size is expected to be worth around US$ 73.5 million by 2030, according to a new report by Vision Research Reports.

The global Microtome market size was valued at US$ 58.6 million in 2020 and is anticipated to grow at a CAGR of 14.6% during forecast period 2021 to 2030.

Growth Factors

 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 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.

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.

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

  • Product Outlook

    • Microtome Devices

      • Rotary Microtome

      • Vibrating Microtome

      • Other Microtome

    • Accessories

  • Technology Outlook 

    • Fully Automated

    •   Semiautomated

    •  Manual

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Afric

      • South Africa

The Microtome market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Microtome market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Microtome market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microtome market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Microtome market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Microtome capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Microtome by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Microtome market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Microtome market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Microtome market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Microtome industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Microtome market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Microtome market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Microtome market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Microtome market. These factors have benefited the growth of the global market for Microtome. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Microtome. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Microtome are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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