Global Cryostat Microtome Equipment Market to See 6.9% Annual Growth Through 2024

Cryostat Microtomes Market is Driven in Part Due to Growing Incidences of Cancer

November 07, 2019

WELLESLEY, Mass., Nov. 7, 2019– The cryostat microtomes market is driven by growing incidences of cancer, continuous technological advancements in diagnostic techniques and growing demand for outpatient surgery centers around the world. Technological advancements in diagnostic techniques and growing demand for outpatient surgery centers around the world, according to a report by BCC Research, “Global Cryostat Microtome Equipment: A BCC Research Overview.”

The market expects to see a compound annual growth rate (CAGR) of 6.9% through 2024, when it could be worth $60.6 million.

Major players in the market include: Amos Scientific Pty., Avantor Inc. and Tanner Scientific Inc.

Research Highlights 

  • North American cryostat microtome market should grow from $19.1 million in 2019 to $26.5 million by 2024 at a CAGR of 6.8%.
  • Between 2020 and 2025, average spending growth for Medicare is estimated to be 7.6%.
  • During the forecast period of 2019 to 2024, the fully automatic cryostat microtome segment is expected to lead the market.

Read the full report here:

“Ease-of-use and better consistency of section quality are increasing the popularity of automatic cryostat microtomes in the medical world,” writes BCC analysts. “However, demand for manual cryostat microtomes remains strong primarily due to their much lower cost of procurement and ability to offer an extra measure of control during sectioning.”

U.S. Cryostat Microtome Market Research Expands Due to Growing Health Threats

The U.S. cryostat microtome market for applications in the research sector is predicted to see significant growth in the coming years. Between 2013 and 2017, medical and health research and development investment grew by 27%. In the coming years, investments in medical and health-related research activities are expected to continue to increase due to the growing incidences of deadly and debilitating health threats in the country.

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Global Cryostat Microtome Equipment Market( BIO190A )
Publish Date: Oct 2019    

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