Microtomes Market Analysis (2020-2027)

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2. MICROTOMES MARKET ANALYSIS(2020-2027) • Microtomes Market, by Equipment Type (Instruments (Rotary Microtome, Vibrating Microtome, Cryostat Microtome, Freezing Microtome, and Others) and  Accessories), by Technology/Interventions (Fully Automated Microtomes, Semi-automated Microtomes, and Manual Microtomes), by Application (Disease Diagnosis and Medical Research), by End User (Hospitals, Ambulatory Surgical Centers, Research Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

3. Microtomes are used for obtaining sample sections for further microscopic examination and it is the most used apparatus/instrument in histology labs. It consists of knife clamps, a sample holder, thickness gauge, and other accessories. It is a mechanical device used to move the sample towards the blade/knife at selected steps of a few microns in length to obtain the section with required thickness (thickness of the section mostly ranges from 5-10 nm). Knife (microtome knife) is one the important tools in microtomy procedures. Generally, for routine microtomy procedure, wedge (C type) knife is used for cutting the sample section. Moreover, along with the knives, two types of disposable blades such as low profile blade and high profile blade are available in the market. • The global microtomes market is estimated to be valued at US$ 128.5 million in 2019 and is expected to exhibit a CAGR of 6.2% during the forecast period (2020-2027).

4. Figure 1. Global Microtomes Market Value (US$ Mn) & Y-o-Y Growth Analysis(2016-2027)

5. Rising investment and funding for development of microtomes by key players is expected to drive the global microtomes market growth • The increasing funding by key players for development of microtomes is expected to drive the microtomes market growth over the forecast period. For instance, in October 2017, Aquaro Histology, Inc. completed a Series A funding round of US$ 9.8 million led by Telegraph Hill Partners. This funding enabled Aquaro Histology Inc. to launch its Aquaro ASM (Automated Section Mounting). The new system facilitates hands-free microtomy in histology laboratories by transferring paraffin-embedded sections from the blade to slides. This system interfaces with existing motorized microtomes.

6. Advantages offered by microtomes in histopathology practices is expected to drive the microtomes market growth. Microtomes are used in clinical and diagnostics research laboratories, and industrial labs to obtain routine paraffin sections and plastic embedded specimen, high quality sections with less fatigue, and to maintain the safety, reliability, and consistency of results. This has provided a robust opportunity for the manufacturers to develop innovative microtomes with advanced technologies.  

7. Global Microtomes Market- Restraints • High cost of microtomes and disadvantages associated with microtomes are expected to hinder the market growth. For instance, the price of Leica Microtome, a fully automated Leica RM2255 rotary microtome ranges between US$ 6,900 to US$ 9,800, which is very expensive for emerging economies in the regions such as Latin America, Asia Pacific, Middle East, and Africa.

8. Global Microtomes Market- Regional Analysis • On the basis of region, the global microtomes market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. • North America is expected to hold a dominant position in the global microtomes market over the forecast period. This is owing to emergence of advanced clinical research and industry laboratories, which is increasing the demand for microtomes to obtain sample section for histopathologoical examination, and is providing an opportunity to the manufacturers to develop microtomes for research and diagnostics applications. This is expected to significantly contribute to North America microtomes market growth.

9. Moreover, increasing number of histopathology procedures in Europe is expected to fuel the Europe microtomes market growth over the forecast period. For instance, according to The Royal College of Pathologists, a Registered Charity in England and Wales, every year, around 20 million histopathology slides are prepared and examined in the U.K. Therefore such increasing number of procedures is expected to result in rising demand for microtomes.

10. Figure 2: Global Microtomes Market Share (%) in Terms of Value, By Region (2020 & 2027)

11. Global Microtomes Market- Competitive Landscape • Key players operating in the global microtomes market include LLS ROWIAK LaserLabSolutions GmbH, Leica Biosystems Nussloch GmbH, 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.

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