The global tissue sectioning market size is expected to reach USD 862.24 million by 2027, registering a CAGR of 6.56% during the forecast period, according to a new report published by Grand View Research, Inc. A rise in prevalence of cancer coupled with the awareness among physicians regarding the use of tissue diagnostic procedures for prognostication and diagnostics is expected to fuel the growth.
As
per the NIH-National Cancer Institute, the number of new cancer cases is
expected to rise to 23.6 million by 2030. Germany ranks in the top 5 countries
that have super-aged societies. It is expected that one-third of the total
population of Germany will be above 65 year of age by 2050. This increases the
change of encountering cancer, liver and kidney disorders, autoimmune diseases,
and infections.
As
the analysis of tissue sections is helpful in the management and identification
of clinical disorders, thus a rise in the geriatric population leads to a rise
in demand for tissue sectioning equipment for effective and rapid tissue
diagnostics. In addition, shifting focus of the researchers and pathologists
toward exploring the cancer staging in rare types of cancer is anticipated to
boost the market growth in the forthcoming years.
A
rise in the number of histology laboratories globally is a key driving factor
for the market. In addition, constant rise in the number of certified
pathologists in Canada and other major countries is expected to support the
projected growth of the market. These laboratories are adopting novel protocols
that aid in troubleshooting the challenges associated with tissue processing.
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Tissue Sectioning
Market Report Highlights
- Instruments
accounted for the largest market share in 2019 owing to the presence of a
substantial commercially available product base, ongoing technological
advancements, and lack of any external substitute for tissue sectioning
equipment
- Rotary
microtome is the most-commonly used microtomes in a histopathology lab,
thereby leading to its prominent revenue share
- Automatic
technology is expected to occupy substantial share of the technology
segment in 2019 as these products enable cutting of thin tissue sectioning
with a high precision consistently
- Automated
devices also enhance productivity by enhancing the speed and efficiency of
the process. These devices are user-friendly as they reduce the need for
repetitive motion of the microtome
- Disease
diagnosis dominated the applications segment in 2019 owing to a rise in
adoption of histopathology techniques for the diagnosis of cancer and
other disorders
- An accurate
pathology analysis is crucial for the diagnosis and determination of a
treatment plan for patients. This increases the utilization of microtomes
and cryostats in histopathology laboratories for disease diagnosis
- Hospitals
end-user segment is projected to continue holding the largest market share
during the forecast period, as hospitals are the key facilities for the
analysis of tissue specimen
- Presence of a
large number of hospitals with in-house pathology laboratories for
analysis of biopsy specimen is expected to boost the segment growth
- North America
held the largest share of the tissue sectioning market in 2019. Asia
Pacific, on the other hand, is expected to register the fastest CAGR in
the forthcoming years
- Some key
market players include Thermo Fisher Scientific, Leica Biosystems Nussloch
GmbH, LLS ROWIAK LaserLabSolutions GmbH, and Sakura Finetek Europe B.V.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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