Report : Europe 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 “Europe Microtome Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product, Technology and End User,” the Europe microtome market is expected to reach US$ 58,738.7 thousand in 2027 from US$ 38,985.9 thousand in 2019. The market is predicted to grow with a CAGR of 5.4% from 2020-2027. The report highlights trends prevailing in the Europe microtome market and the factors driving the market along with those that act as hindrances.
Based on the product, the Europe 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. Also, 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 a sectioning instrument that enables the cutting of thin slices of a substance known as the slice. Microtome is utilized in microscopy, allowing for the formation of the sample for investigation under transmitted light. Microtome use glass, steel, and diamond blades are depending upon the specimen being sliced and the aspired thickness of the part being cut.
Europe 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 skilled professionals is the major factor hindering the market growth.
PHC Holdings Corporation, MEDITE Medical GmbH, Leica Biosystems Nussloch GmbH (Danaher), Histo-Line Laboratories, and SLEE medical GmbH is among the leading companies operating in the Europe microtome market.
The report segments Europe Microtome Market as follows:
By End User