The Global Microtomes Market Continues To Grow Owing To the Demand from Various Industrial Laboratories and Clinical Research Centers All Over the World despite Its High Cost

 

The microtomes market refers to the sale and distribution of devices used for cutting very thin slices (sections) of biological tissues, plant specimens, or other materials for microscopic examination. They are commonly used in fields such as histology, pathology, and electron microscopy. The market is driven by factors such as increasing demand for tissue-based diagnostic tests, growth in the field of regenerative medicine, and technological advancements in microtomes. The market is segmented into different types of microtomes, including manual, semi-automated, and fully automated, and by end-users such as research laboratories, hospitals, and diagnostic centers.

Market Dynamics                                               

The main driving factor influencing the growth of the microtomes market is the rapid increase of funding and investment for the development of microtomes by the key players and the demand from diagnostic and clinical research laboratories. For instance, in the financial year 2018, the Indian government spent approximately US$ 15,601 million on research and development sectors. Moreover, the demand for microtomes in the practices of histopathology is expected to boost market growth.

However, the high cost and few disadvantages associated with microtomes are the main restraining factor hindering the market growth. For instance, the cost of Leica Microtome RM2255 is between US$ 6900 to US$ 9800 and is very expensive for developing nations of regions such as Asia Pacific, Africa, and the Middle East.