Microtome Market

Danaher Corporation (Germany), Thermo Fisher Scientific (US) and Sakura Finetek are Leading Players in the Microtome Market

The microtomes market is expected to reach USD 177 million by 2024 from USD 129 million in 2019, at a CAGR of 6.5%. This market is experiencing significant growth due to the high prevalence of cancer and the growing demand for digital pathology. Moreover, increasing healthcare expenditure is expected to play a crucial role in fueling market growth. On the other hand, the lack of skilled professionals may restrain the growth of the market.

The prominent players operating in this market include Danaher Corporation (US), Sakura Finetek (Japan), Thermo Fisher Scientific (US), SLEE Medical GmbH (Germany), Histo-Line Laboratories (Italy), MEDITE GmbH (Germany), Amos Scientific (Australia), Diapath S.p.A. (Italy), Jinhua YIDI Medical Appliance (China), and RMC Boeckeler (US). Players in this market focused on product launches, partnerships, agreements, collaborations, and acquisitions to develop and expand their market presence. Between 2016 and 2019, the product launch was the key growth strategy adopted by players such as Danaher Corporation and Sakura Finetek.

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Danaher Corporation (Germany) held a dominant position in the microtomes market in 2018. The company has a broad product portfolio and strong geographic presence across the globe. Its client support services complement the product portfolio of the firm. Over the years, the company has maintained its leading position in the market through continuous innovation and the launch of advanced products. For example, in 2018, the company launched various clinical microtomes recently, such as HistoCore BIOCUT, HistoCore MULTICUT, and HistoCoreAUTOCUT clinical microtomes

Thermo Fisher Scientific (US) is one of the leading players in the microtome market. The leading position of the company can be attributed to its strong brand recognition and extensive product portfolio in the microtome market. Thermo Fisher Scientific has a strong foothold in the market. However, in June 2019 Thermo Fisher Scientific completed the sale of its anatomical pathology business to PHC Holdings Corporation (Japan). The anatomical pathology business was a part of Thermo Fisher's Specialty Diagnostics Segment.

Sakura Finetek is one of the leading players in the microtome market. The company offers integrated solutions for anatomic pathology and patient treatment through best-in-class innovation, quality, and customer care. To maintain its leading position in the market, the company focuses on various organic and inorganic strategies. For instance, the company launched Accu-Cut SRM 300 LT Manual Microtome (September 2018), Tissue-Tek Cryo3 Flex Cryostat (July 2016).

Related Reports:

Microtome Market by Product (Instruments, (Rotary, Cryostat), Accessories), Application (Disease Diagnosis, Medical Research), Technology (Manual, Semi-automated, Fully Automated), End User (Hospital, Clinical Laboratories) - Global Forecast to 2024

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Report Code
MD 7308
RI Published ON
8/21/2019
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