Microtome Market Report

Microtome Market Analysis By Product (Microtome Devices, Accessories), By Technology (Fully Automated, Semiautomated, Manual), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025

Published: July 2017  |  106 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-512-0

Industry Insights

The global microtome market size was estimated at USD 48.6 million in 2016. It is mainly driven by growing prevalence of chronic diseases, increasing geriatric population, and rising healthcare expenditure especially in developed economies. Growing commercial availability of high quality diagnostic technologies in developed economies that held the majority of the revenue share, is one of the key factors anticipated to boost growth. Yet, owing to lower per capita disposable income and lesser commercial availability in developing nations, there is unmet demand for technologically advanced diagnostic equipment. Moreover, diagnostic equipment manufacturers often tend to manufacture in countries with large domestic markets and emerging countries such as Brazil, India, and China.

Based on various research papers, growth rate of the overall anatomic pathology market in terms of equipment, diagnostics, and accessories has declined. However, growing number of histology labs in the U.S. and other international countries is one of the crucial factors anticipated to drive the market over the forecast period. According to the estimates of World Cancer Report 2014, approximately 14 million new cancer cases were reported in 2012 and this number is anticipated to rise to 22 million annually in the next two decades. Increasing incidences of cancer and growing awareness regarding early diagnostic procedures are some of the crucial factors anticipated to boost the usage rate.

U.S. microtome market revenue by product, 2014 - 2025 (USD Million)

U.S. microtome market

The global anatomic pathology market is highly fragmented based on diagnostic tests types. Several instances of forward integration have been found. Physicians are merging ancillary services to maintain income levels. Growing number of in-office histopathology labs receiving CLIA certification is one of the key factors anticipated to boost demand for microtome and their accessories. Increasing competition amongst larger commercial laboratories is also one of the factors propelling advancements in diagnostic equipment.

Product Insights

Microtome devices emerged as the leading product category and accounted for over 71% of the total revenue in 2016. Commercial availability of these systems and their high adoption due to ease of handling are some of the key factors that can be attributed to the revenue share in 2016. The market is majorly dominated by few products such as Semi-Automatic Rotary Microtome M530 by MEDITE GmbH, Cryostat Microtome SMI-3010 by S.M. Scientific Instruments Pvt. Ltd., CUT 4062 manual precision microtome by SLEE medical GmbH, and CR-X Cryo System by Boeckeler Instruments, Inc.

Rotary microtome held majority of the revenue share in 2016 owing to its huge commercial presence as compared to other types of devices. More than 60% of the commercial device is rotary, which is one of the key factors that can be attributed to the growth of this segment. On an average, a typical manual rotary equipment costs approximately USD 5,900.

The accessories segment is anticipated to exhibit the highest growth. Growing demand for these accessories in hospitals & clinics due to easy availability is also one of the pivotal factors expected to drive the market. Technological advancements in microtome such as portability and some other features such as user-friendly operability and low maintenance cost are also expected to propel growth over the next few years.

Global microtome market shares, by technology, 2016 (%)

Global microtome market

Technology Insights

In 2016, fully automated devices held the majority market share of approximately 42% owing to growing demand for technologically advanced products, especially in developed economies such as the U.S., Germany, France, and Japan. Moreover, this segment is also expected to be the fastest growing segment over the forecast period. Presence of huge commercially available fully automated systems and increasing demand for digitalization in tissue diagnostic procedures are some of the crucial factors anticipated to boost the market in the next few years. Some of the key automated products are Tissue Surgeon, Tissue-Tek AutoSection Automated Microtome, and PT-PC PowerTomes.

Increasing number of routine tissue examinations in research laboratories and hospitals owing to rising awareness about benefits of early diagnosis of various diseases including cancer is amongst few factors anticipated to boost market growth. Some of the commercialized automated equipment are Leica RM2255, Tissue-Tek AutoSection, CR-X Cryo System, AEM 480 Fully-automatic Rotary Microtome, and HM 355S Automatic Microtome. Moreover, increasing workload in histopathology laboratories is expected to boost the level of automation in tissue diagnostics to optimize productivity without hampering sample quality.

Growing prevalence of cancer, increasing geriatric population, and rising demand for early disease diagnosis are few key factors anticipated to boost the histopathology industry, and, in turn, propel the market over the forecast period. Manual equipment was the first type to be launched. These systems are mainly preferred in developing economies as their prices are low. However, growing demand for technologically advanced diagnostic equipment and higher commercial presence of fully automated systems are some of the crucial factors anticipated to boost growth.

Regional Insights

North America accounted for the largest market share of 50.1% owing to healthcare infrastructure facilities, increase in the investments by public & private sectors in in vitro diagnostics, presence of large number of market players, and adoption of technologically advanced products. Furthermore, increasing prevalence of cancer in North America is boosting demand for biopsies, which is leading to increased demand.

The U.S. was the leading market in 2016 and is also anticipated to hold the largest revenue share over the forecast period. This can be attributed to increasing demand for technologically advanced diagnostic equipment and growing automation in laboratories. Presence of large number of local players in this country is driving the growth of this industry. Continuous extension in product lines coupled with new product launches in the market is further expected to boost demand for these devices. Sakura, a leading manufacturer of these devices, launched the world’s first automated and programmable Tissue-Tek Autosection Automated Microtome in 2014. However, stringent state privacy laws for reuse of tissue samples may restrict development of new tests or improvement in current tests undertaken by laboratories and manufacturers.

However, Asia Pacific is expected to be the fastest growing region over the next few years. This region is anticipated to witness enormous growth due to increasing per capita income, growing medical tourism industry, and rising public awareness regarding benefits of early diagnosis. As compared to Japan, China is anticipated to witness faster growth in the Asia Pacific region.

Competitive Insights

Some of the key players in this market are LLS ROWIAK LaserLabSolutions GmbH; Leica Biosystems Nussloch GmbH; Sakura; MEDITE GmbH; SLEE medical GmbH; Boeckeler Instruments; Nanolytik; S.M. Scientific Instruments Pvt. Ltd.; MICROS Austria Produktions-und Handelsges.m.b.H; AGD Biomedicals (P) Ltd; Alltion; Amos Scientific Pty Ltd; and Thermo Fisher Scientific.

Various other trends expected to propel growth include strategic alliances between some of the key players who are majorly focused on product expansion and penetrating the emerging economies through increased investment. This is also likely to strengthen their position in the global market.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, China, India, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customizationa


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the industry trends in each of the sub segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global microtome devices market on the basis of product, technology, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025

    • Microtome Devices

    • Rotary Microtome

    • Vibrating Microtome

    • Other Microtome

    • Accessories

  • Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • Fully Automated

    •   Semiautomated

    •  Manual

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Afric

      • South Africa

Key questions answered by the report
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