Report : Asia Pacific Microtome Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Microtome Instruments, Microtome Accessories); Technology (Manual Microtomes, Semi-automated Microtomes, Fully Automated Microtomes); End User (Hospitals, Clinical Laboratories, Other End Users)
According to The Insight Partners market research study of “Asia Pacific Microtome Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product, Technology and End User,” the Asia Pacific Microtome Market is expected to reach US$ 40,160.6 thousand in 2027 from US$ 24,937.2 thousand in 2019. The market is expected to grow with a CAGR of 6.3% from 2020-2027. The report highlights trends prevailing in the Asia Pacific microtome market and the factors driving the market along with those that act as hindrances.
Based on the product, the Asia Pacific microtome market is further segmented into the microtome instrument and microtome accessories. The microtome instrument segment held a larger share of the market in 2019. This attributes to the increasing prevalence of cancer and the rising adoption of advanced diagnostic tools in the disease diagnosis. Furthermore, increasing research activities such as drug discovery, novel therapeutics, and expansion of product lines are further expanding the market share of the segment. Microtome is an equipment with the help of which parts of tissues are cut, and the process of cutting thin sections is known as microtomy. These sections are stained using proper staining methods followed by observing them under the microscope. Different varieties of microtomes are used to section paraffin, and plastic embedded tissues and the specific microtomes used to section frozen tissues.
Asia Pacific microtome market is expected to grow owing to factors such as the rising prevalence of cancer, and increasing adoption of digital pathology is expected to propel the growth of the market. However, the lack of adoption in low-income countries is the major factor hindering the market growth.
PHC Holdings Corporation, MEDITE Medical GmbH, Leica Biosystems Nussloch GmbH (Danaher), Amos Scientific Pty Ltd, and SM Scientific Instruments Pvt. Ltd is among the leading companies operating in the Asia Pacific microtome market.
The report segments Asia Pacific Microtome Market as follows:
By End User