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Rising Prevalence Of Oncological Disorders Fuels Growth In The Market: Powering Innovation and Expansion in the Microtome Market by 2025
Microtome
What Is the Expected CAGR for the Microtome Market Through 2025?
In recent years, there has been a significant expansion in the microtome market. The market, valued at $0.24 billion in 2024, is projected to increase to $0.26 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%. This growth during the historical period can be credited to factors such as enhanced awareness about early diagnosis, higher demand for biopsies, growing aging population, increased demand for microtomes, and the escalating prevalence of cancer.
What's the Projected Size of the Global Microtome Market by 2029?
In the coming years, the microtome market is anticipated to experience robust growth. With a compound annual growth rate (CAGR) of 6.4%, the market is predicted to reach $0.33 billion by 2029. This expected growth during the forecast period can be linked to factors such as the increasing incidence of chronic illnesses, a rise in the elderly population, a higher prevalence of cancer-related disorders, the escalation in the use of microtomes in neuroscience, and the expansion of precision medicine. The forecast period also shows dominant trends such as progress in automation, motorized microtomes offering programmable features, the launch of diamond-encrusted blades, integration with imaging systems, and advancements in high-resolution sectioning.
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Top Growth Drivers in the Microtome Industry: What's Accelerating the Market?
The increase in oncological disorders is anticipated to boost the expansion of the microtome market in the future. Oncological disorders are diseases characterized by uncontrolled growth and spread of abnormal cells, often leading to cancer. The surge in oncological disorders can be attributed to various factors, such as an aging population, increased exposure to environmental carcinogens, unhealthy lifestyles, and genetic predispositions. Microtomes play an essential role in assisting pathologists by providing accurate tissue slicing, which helps in examining cancer cells and identifying the type and progression of the tumor. For example, according to the World Health Organization, a public health organization based in Switzerland, nearly 20 million new cancer instances were recorded in February 2024, leading to about 10 million deaths due to the disease in 2022. Predictions indicate that cancer's annual incidence may escalate to 35 million by 2050, signifying a 77% increase compared to the statistics from 2022. Consequently, the hike in oncological disorders propels the growth of the microtome market.
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What Long-Term Trends Will Define the Future of the Microtome Market?
Leading firms in the microtome market are concentrating on the creation of superior products like tissue sectioning devices to enhance lab efficiency and better outcomes in both clinical and research settings. Tissue sectioning devices are vital lab equipment that produces accurate, uniform tissue cuts for histology, research, and diagnostics. For instance, Precisionary Instruments, a microtomes manufacturer based in the US, introduced a new rotary microtomes product line in February 2023. It delivers notable characteristics such as a heavy, robust core perfect for serial sectioning, ensuring consistent outcomes with large sample sizes. The RF-600 manual model comes with two specimen clamp holders for diverse cassette sizes, and the RF-800 and RF-1000 models include LCD touchscreen controls. Moreover, the RF-1000 model features fully automated cutting capabilities that can streamline operations through touchscreen, control panel, or foot pedal. These microtomes are especially designed for paraffin-embedded tissue sectioning in histological studies.
What Are the Main Segments in the Microtome Market?
The microtome market covered in this report is segmented -
1) By Product: Instruments, Accessories
2) By Technology: Fully Automated, Semi-Automated, Manual
3) By Application: Disease Diagnosis, Medical Research
4) By End-User: Hospitals, Clinical And Diagnostic Laboratories, Academic Research Centers, Other End-Users
Subsegments:
1) By Instruments: Rotary Microtome, Cryostat Microtome, Vibrating Microtome, Ultramicrotome, Sledge Microtome
2) By Accessories: Blades And Knives, Blade Holders, Specimen Holders, Sectioning Aids, Safety Covers And Disposables
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Which Top Companies are Driving Growth in the Microtome Market?
Major companies operating in the microtome market are Cardinal Health Inc., Leica Biosystems Nussloch GmbH, Sakura Finetek Inc., RWD Life Science Co. Ltd., SM Scientific Instruments Pvt. Ltd., Narang Medical Limited, AGD Biomedicals Pvt. Ltd., Diapath S.p.A., Milestone Medical, Boeckeler Instruments Inc., SLEE Medical GmbH, microTec Laborgeräte GmbH, Campden Instruments, Precisionary Instruments LLC, Jinhua YIDI Medical Appliance Co. Ltd., Medimeas, Histo-Line Laboratories, MEDITE Medical GmbH, Erma Inc., CellPath Ltd., Laboid International
Which Regions Will Dominate the Microtome Market Through 2029?
North America was the largest region in the microtome market in 2024. The regions covered in the microtome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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