Market Trends of Global Cryostat Microbiome Equipment Industry
This section covers the major market trends shaping the Cryostat Microbiome Equipment Market according to our research experts:
The Diagnostic & Research Laboratories Segment is Expected to Hold a Major Market Share in the Cryostat Microbiome Equipment Market.
The diagnostic & research laboratories holds the major segment in the cryostat microbiome equipment market. The cryostat microbiome equipment holds an important part in the study of immunohistochemistry and histopathological studies of tissues, for example, biopsies. An article published in the journal of Proceedings of the National Academy of Sciences in December 2020 titled 'Deep learning extended depth-of-field microscope for fast and slide-free histology' showed that cryostat microbiome are widely used methods for cutting thin sections of tissues in a short processing time period.
Another article titled 'Histological-Based Stainings using Free-Floating Tissue Sections' published in the Journal of Visualized Experiments in August 2021 discussed the application of freefloating method to fluorescent immunohistochemistry staining. The article indicated that the cryostat microbiome equipment are the most preferrred method for slicing and collecting tissues for many researchers. The study aimed to reduce the processing time taken for staining the sliced frozen tissues. Such increase in research studies enabling the ease of use of the cryostat microbiome equipment are expected to propel the growth of the cryostat microbiome equipment market during the forecast period.
The increasing number of cancer cases and the associated treatments requiring the use of cryostat microbiome equipment for the disgnosis of the infected tissues are likely to drive the growth of the market. For example, an article titled 'Diagnostic Biopsy via In-Office Frozen Sections for Clinical Nonmelanoma Skin Cancer' presented in the journal of Dermatologic Surgery in February 2021 focused on measuring the accuracy and outcomes of biopsy via frozen sections for clinical non melanoma skin cancer. The study indicated that the in-office biopsy via frozen sections were highly accurate in confirmation of the non melanoma skin cancer cells and that the practice might help in speeding up the diagnosis and treatment of the disease thereby enhancing outcomes and patient satisfaction. The increasing research on the study of diagnosis and treatment of cancer cases with the use of cryostat microbiome equipment is expected to boost the growth of the studied market over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period (2022 – 2027).
The rise in the adoption of highly advanced techniques and systems in the manufacturing of cryostat microbiome equipments and the technological advancements made in immunohistochemistry studies is expected to boost the growth of the market in the North American region. The high awareness among the population on the availability of innovative cryostat microbiome equipment models in the market contributes to the high market growth in the region.
The rising number of chronic disease cases in the North American region is adding to the growth of the cryostat microbiome equipment market. Cancer is one of the top ten leading causes of death in the United States. According to the GLOBOCAN 2020 report, the total number of people in the United States affected by cancer in 2020 accounts to around 2,281,658 cases. The number is estimated to rise to 3,123,452 cases by 2040. According to the International Diabetes Federation, in 2021, total number of diabetes in adults in united States were 32,215,300 with a prevalence of over 13%. TheCenter for Disease Control and Prevention in 2021 reported that 37million United States Adults are estimated to have chronic kidney disease in 2021. The report by the Center for Disease prevention and Control in 2020 showed that around 15.7 million Americans are affected by chronic lower respiratory Disease. The large population affected by the chronic diseases and the increase in the necessity of cryostat microbiome equipment for the ease of diagnosis and treatment of such diseases is expected to propel the growth of the cryostat microbiome equipment market.
Also, the increasing healthcare expenditure in the United States is expected to drive the demand for the cryostat microbiome equipment market in this region. According to the United States Centers for Medicare & Medicaid Services' National Health Expenditure Data 2020, the healthcare expenditure grew upto 9.7% to USD 4.1 trillion in 2020 and accounted for around 19.7% of the Gross Domestic Product. The expenditure is projected to reach USD 6.2 trillion by 2028. The rise in the healthcare expenditure in the United States region is likely to boost the growth of the cryostat microbiome equipment market over the forecast period of the study.
Thus the increasing necessity for cryostat microbiome equipment coupled with increasing investment in the health care department is known to propel the growth of the market in this region.
