Automated Microtome Market Overview:
Automated microtome are devices that are used to slice tissue into incredibly thin slices for microscopic inspection. Microtomes, a crucial instrument in histopathology, fall into four categories: conventional histology, cryosectioning, electron, and electronic.
This market study on the global automated microtome market aims to cover market dynamics, including market drivers, challenges, automated microtome market opportunities for the market players, market segmentation outlook, automated microtome market trend, regional outlook, automated microtome market size, and market share, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, automated microtome market forecast and the major players operating in the automated microtome market globally.
According to Reports and Insights analysis, the global automated microtomes market is estimated to be US$ 426.2 Mn in 2022. Furthermore, the automated microtomes market to register a CAGR of 6.3% which is expected to result in market forecast value for 2030 as US$ 692.9 Mn.
Automated Microtome Market Dynamics:
Market dynamics will cover market drivers, market trends, challenges, and market opportunities:
The increased demand for automated microtomes in histopathology labs and diagnostic centers around the world is majorly responsible for the market expansion. In the pathology, histology, textile, and other industries, there is a high demand for microtomes, which will drive up the demand for automation and lower labor costs. To investigate and analyze samples for light microscopy, histology, spectroscopy, electron microscopy, and botanical microtomy, sections must be cut using an automatic microtome. High throughput serial sectioning was made possible by a variety of cutting mode operations, including single, interval, multi, and continuous.
A significant reason that is expected to propel the market for automated microtomes is the growth of histology procedures. The two main drivers propelling the growth of the automated microtome market globally are the rising demand for technically sophisticated diagnostic equipment and the rise in awareness of the importance of early diagnosis of chronic diseases.
Global elderly population rise and increasing healthcare costs both contribute to the automated microtome market's expansion.
The market for automated microtomes is being hampered by issues including hospital consolidation and reduced reimbursements. Severe state privacy regulations for the reuse of tissue samples may prevent laboratories and manufacturers from developing new tests or enhancing existing tests.
There will be opportunities for growth in the growing market as there are more histopathology labs and more automated technologies are adopted. The market for automated microtomes will expand as a result of the rise in histopathology labs, increased awareness of digital pathological systems, and rapid expansion of anatomical pathology labs in emerging economies. The high rate of equipment adoption is a result of the growing use of cutting-edge technical techniques.
Because of the emergence of R&D operations in the sector for novel and improved product innovations, research centers are anticipated to experience significant expansion. The number of health checks and checkups will increase, driving the segment growth. In addition, medicine and therapy samples being tested to determine their efficacy will fuel industry expansion in the future years.
Automated Microtome Market Regional Outlook:
Due to its robust healthcare infrastructure, growing public and private sector investments in in-vitro diagnostics, a large number of market participants, and adoption of cutting-edge products, North America held the greatest market share. Additionally, the mounting incidence of cancer in North America is driving up demand for biopsies, which is driving up prices.
The U.S. dominated the market in 2016 and is predicted to continue to do so during the projection period. This can be attributable to rising laboratory automation rates and rising demand for technologically enhanced diagnostic tools. The development of this industry is being fueled by the presence of numerous local players in this nation. Demand for these devices is also anticipated to increase as a result of ongoing product line extensions and new product introductions. The world's first automated and programmable Tissue-Tek Auto section Automated Microtome was introduced by Sakura, a major producer of these tools.
However, during the coming several years, Asia Pacific is anticipated to have the fastest growth. Due to an increase in per capita income, the expanding medical tourism sector, and growing public knowledge of the advantages of early diagnosis, it is predicted that this region would experience huge growth. China is expected to experience faster growth in the Asia Pacific region than Japan.
Automated Microtome Market Key Players:
The leading companies in the global automated microtome market are divided into small-scale, medium-scale, and large-scale producers;
Small-scale market players in the global automated microtome market are; Histo-Line Laboratories, Medite GmbH, Orion Medic, Amos Scientific Pty Ltd, Diapath S.p.A., SM Scientific Instruments Pvt. Ltd., MICROS Produktions u.Handelsg.m.b.H, Boeckeler Instruments, Medimeas Instruments, General Data Healthcare, Inc., SM Scientific Instruments Pvt. Ltd. India., BIOBASE, and LUPETEC.
The Medium-scale market players in the global automated microtome market are; Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., microTec Laborgeräte GmbH, and SLEE medical GmbH amongst others.
Thermo Fisher Scientific Inc. is one of the global large-scale manufacturers in the automated microtome market.
Automated Microtome Market Segmentation Outlook:
The automated microtome market is divided into segments based on technique, application, product type, technology, and region as follows;
Botanical Microtomy Technique
Electron Microscopy Technique
Traditional Histology Technique
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The automated microtome market is estimated to reach at a value of US$ 426.2 Mn by the end of 2022 and expected to reach at a value of US$ 692.9 Mn by 2030 with a significant CAGR of 6.3%.
The base year for the report is 2021 in automated microtome market.
The automated microtome market is divided into segments based on technique, application, product type, technology, and region.
Small-scale market players in the global automated microtome market are; Histo-Line Laboratories, Medite GmbH, Orion Medic, Amos Scientific Pty Ltd, Diapath S.p.A., SM Scientific Instruments Pvt. Ltd., MICROS Produktions u.Handelsg.m.b.H, Boeckeler Instruments, Medimeas Instruments, General Data Healthcare, Inc., SM Scientific Instruments Pvt. Ltd. India., BIOBASE, and LUPETEC. The Medium-scale market players in the global automated microtome market are; Leica Biosystems Nussloch GmbH, Sakura Finetek Europe B.V., microTec Laborgeräte GmbH, and SLEE medical GmbH amongst others.