According to a new report, published by KBV research, The Global Microtome Market size is expected to reach $605.5 million by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Instruments segment acquired maximum revenue share in the Global Microtome Market by Product in 2021, thereby, achieving a market value of $367.2 million by 2028. Rotary microtome, vibrating microtome, cryostat microtomes are the types of microtome instruments. These instruments are in demand because of their use in hospitals and clinical laboratories. They are extremely useful for diagnosis purposes and that has led to their high demand.
The Fully Automated segment is leading the Global Microtome Market by Technology in 2021, thereby, achieving a market value of $331 million by 2028. Labs can benefit from faster setup and alignment, programmable settings, faster sectioning, and motorized trimming by automating the tissue sectioning process. As a result, histopathologists will be able to process more sample blocks in less time, resulting in faster patient diagnosis.
The Medical Research segment is showcasing a CAGR of 7.7% during (2022 - 2028). Microtomes are heavily used for research purposes due to them being able to effectively slice sections of embedded tissue in extremely thin portions
The Clinical Laboratories segment has shown growth rate of 6.6% during (2022 - 2028). This is due to the rising number of clinical laboratories all across various regions. Clinical laboratories make use of microtome devices for disease diagnosis purposes.
The North America market dominated the Global Microtome Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $217.3 million by 2028. The Europe market is estimated to witness a CAGR of 5.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/microtome-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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