As Stated by BlueWeave Consulting the Microtome Market anticipated propelling with a significant CAGR of 6.2% in the forecasted period of 2019-2025. The increasing rate of chronic and cancer prevalence, rising geriatric population, and increasing demand for early-stage diagnosis anticipated to boost the microtome market globally in upcoming years.
Microtomes are used in oncology diagnosis for tissue examination to identify the presence of tumor cells. Also, microtomes devices help in the extraction of target tissue preciously. The increasing number of surgical procedures and rising awareness regarding early diagnosis advantages will augment demand for microtome devices, which will fuel segment growth. Increasing demand for routine tissue examinations in R&D, hospitals and clinic owing to raising awareness about the benefits of early diagnosis of various diseases including cancer and anticipated to propel the market growth during the forecast period of 2019-2025.
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Some of the major industry players are Amos Scientific Pty Ltd, Danaher, Diapath S.p.A., Histo-Line Laboratories, Jinhua YIDI Medical Appliance Co.,Ltd, MEDITE GmbH, RMC Boeckeler, Sakura Finetek, SLEE Medical GmbH, Thermo Fisher Scientific and Other Prominent Players.
Rising healthcare expenditure by government authorities, growing healthcare infrastructure, low-cost user comfort linked with manual microtomes, rising demand of digital pathology, and presence of robust infrastructure to perform tests in high volumes in the hospital driving the need of global microtomes market depending upon product type requirement in upcoming years. Advantages make the microtomes market lucrative such as quickly, reliably, and safely cutting accurate frozen sections by cryostat form of microtomes, and vibrating microtomes are specially designed for fresh tissue specimen cutting and rising adoption towards disposable blades. Extensive research performed on numerous domains will surge demand for microtome devices. Cytological R&D studies for further technological advancement expected to fuel the demand of microtome in upcoming years.
Rising affordability and commercial availability of microtome and high adoption preference with ease of handling contribute to advancing the demand of global microtome in the market. Amidst the product type, rotatory microtome is expected to contribute the significant market share in the global market with substantial commercial availability coupled with advantages such as the ability to cut major thin sections of range (2-3 sections) and all type of tissues. Rotatory microtome dominates the market by function as a majorly used microtome in histology laboratories coupled with rising chronic disorders.
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Amidst geography, North America is expected to hold the largest share in the microtome market due to the rising burden of cancer, R&D funding, and increasing rate of cancer incidence. Followed by North America, Europe is anticipated to contribute to the growth of the global microtome market, factors such as enhancement in chronic disease prevalence, rising government initiatives coupled with rising per capita income propelling the market during the forecast period of 2019-2025. Emerging economies such as China, India, creating a positive impact on the growth of microtome market with rising development in the healthcare system and technological advancement.
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