North America Microtome Market Size, Share & Industry Trends Analysis Report By Product (Instruments and Accessories), By Technology, By Application (Disease Diagnosis and Medical Research), By End-user, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Microtome Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
A microtome is specialized precision cutting equipment that slices portions from a block of implanted tissue accurately and repeatedly. Different types of microtomes, as well as specialty microtomes, are used to segment paraffin and plastic-embedded tissues, as well as frozen tissues. A sharp knife and a tissue block are retained in a fixed relationship in any microtome. The tissue block is advanced by a predefined amount—the section thickness—with each pass of the tissue past the knife. Section thickness for frozen sections is typically 8 to 15 m, for wax sections 4–10 m, and for plastic histology sections 0.5–3 m. Electron microscopy requires extremely thin slices, typically 200 times thinner than wax sections.
The ease of access to advanced technologies, favorable reimbursement scenario for anatomic pathology diagnostic tests, growing opportunities for advanced cancer diagnostic testing and screening, increasing healthcare expenditure, and the existence of high-quality infrastructure for hospitals and clinical laboratories in the region are the main factors driving growth in the North American market.
The expanding elderly population in the United States is one of the major factors propelling the microtome market in North America forward. According to the world population aging report, the number of people over 65 in the United States and Canada is expected to rise from around 60 million in 2019 to around 80 million by 2030, with the 65-and-older age group's share of the total population rising from 16.4 percent in 2019 to 20.5 percent by 2030. Since cancer is more prevalent among the elderly, the microtome market in the region is expected to benefit.
The US market dominated the North America Microtome Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $156.8 million by 2028. The Canada market is experiencing a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on Product, the market is segmented into Instruments (Rotary, Cryostat, Vibrating, and Others) and Accessories. Based on Technology, the market is segmented into Fully Automated, Semi-automated, and Manual. Based on Application, the market is segmented into Disease Diagnosis and Medical Research. Based on End-user, the market is segmented into Hospital Laboratories, Clinical Laboratories, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Microtome Market is Estimated to reach $605.5 Million by 2028, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danaher Corporation, Cardinal Health, Inc., PHC Holdings Corporation, Boeckeler Instruments, Inc., Bright Instruments Limited, Erma, Inc., Histo-line Laboratories, microTec Laborgeräte GmbH, MEDITE Medical GmbH, and Sakura Finetek USA, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Fully Automated
- Disease Diagnosis
- Medical Research
By End User
- Hospital Laboratories
- Clinical Laboratories
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Danaher Corporation
- Cardinal Health, Inc.
- PHC Holdings Corporation
- Boeckeler Instruments, Inc.
- Bright Instruments Limited
- Erma, Inc.
- Histo-line Laboratories
- microTec Laborgeräte GmbH
- MEDITE Medical GmbH
- Sakura Finetek USA, Inc.
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