Report : North America 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 “North America Microtome Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product, Technology and End User,” the North America microtome market is expected to reach US$ 94,198.6 thousand in 2027 from US$ 59,961.2 thousand in 2019. The market is expected to grow with a CAGR of 6.0% from 2020-2027. The report highlights trends prevailing in the North America microtome market and the factors driving the market along with those that act as hindrances.
Based on the product, the North America 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. Microtomes are utilized to provide thin parts of biological specimens into evenly thin sections for a detailed microscopic examination. For precise knowledge of the building of the tissue sample is essential to understand the changes that arise in the tissue sample during the progression of the disease. Some diseased tissues are difficult to evaluate and require careful dissection. Present microtomes are equipped with three essential components viz. body, knife & knife attachment, and material- or tissue-holder.
North America 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, Sakura Finetek USA, Inc., Leica Biosystems Nussloch GmbH (Danaher), and Boeckeler Instruments, Inc. are among the leading companies operating in the North America microtome market.
The report segments North America Microtome Market as follows:
By End User