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Laser Capture Microdissection Market Size (2024 - 2029)

The Laser Capture Microdissection market is experiencing growth driven by increased R&D funding, rising healthcare expenditure, and technological advancements. The expansion in R&D investment, particularly in major countries and regions such as the United States and Asia, is contributing to the market's positive trajectory. This trend of growing investment in research and development is expected to have a beneficial impact on the market size, leading to rapid growth over the forecast period.

Market Size of Laser Capture Microdissection Industry

Laser Capture Microdissection Market Size
Study Period 2019 - 2029
Market Size (2024) USD 184.54 Million
Market Size (2029) USD 297.20 Million
CAGR (2024 - 2029) 10.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Laser Capture Microdissection Market Major Players

*Disclaimer: Major Players sorted in no particular order

Laser Capture Microdissection Market Analysis

The Laser Capture Microdissection Market size is estimated at USD 184.54 million in 2024, and is expected to reach USD 297.20 million by 2029, growing at a CAGR of 10% during the forecast period (2024-2029).

The market studied is being driven by factors, such as an increase in the R&D funding, along with the increasing healthcare expenditure and technological advancements in the Laser Capture Microdissection (LCM).

According to the Office for National Statistics (ONS), the total R&D expenditure in the United Kingdom is increasing rapidly. During 2016, it was around GBP 33.2 billion, which increased in 2017 and reached around GBP 34.8 billion. Similarly, in the United States, the investments in medical R&D was USD 39.5 billion in 2017. This indicates that there is a high investment done in healthcare in the major countries.

Trends are showing a return to growth, with only minor caution, across most areas of R&D spending. The increase in R&D investment in Asia, particularly India, and the consecutive annual growth in R&D spending in the country, indicate a period of stability, security, and healthy competition across the industrial sectors. A national survey by the Central Government of India, on the status of R&D in the country, has shown that India's Gross Expenditure on R&D (GERD) has more than tripled, from INR 241.17 billion (INR 24,117 crore) to INR 853.26 billion (INR 85,326 crore) during the decade, from 2004-2005 to 2014-2015.

Furthermore, it is indicated that the rising R&D investment will have a positive impact on the market studied and the market will grow rapidly over the forecast period.

Laser Capture Microdissection Industry Segmentation

Laser Capture Micro-dissection (LCM) is a contact and contamination-free sample preparation technology for isolating specific single cells or entire areas of tissues from a wide variety of samples, mainly by using direct microscopic visualization. It is an efficient method for capturing pure cells populations in molecular studies.

By Product
Instruments
Consumables
Software and Services
By System Type
Ultravoilet LCM
Infrared LCM
Other System Types
By Application
R&D
Diagnostics
Other Applications
By End-User
Academic and Government Research Institutes
Hospitals
Pharmaceutical, Biotechnology Companies, and CROs
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Laser Capture Microdissection Market Size Summary

The Laser Capture Microdissection (LCM) market is experiencing growth driven by increased research and development funding, rising healthcare expenditure, and technological advancements. The market is benefiting from the substantial investments in medical research in major regions such as the United States and the United Kingdom, as well as the significant growth in R&D spending in Asia, particularly India. These investments are fostering a stable and competitive environment across industrial sectors, which is expected to positively impact the LCM market. The technology's ability to isolate specific cell populations from complex tissue samples, combined with sensitive analytical techniques, is enhancing its application in diagnostics, particularly for identifying and treating malignant neoplasms.

Geographically, North America leads the global LCM market due to its robust healthcare infrastructure and availability of skilled personnel, supported by extensive funding for medical research. However, the Asia-Pacific region is anticipated to be the fastest-growing market, driven by increasing healthcare R&D investments. The market is moderately competitive, with both global and local players holding substantial shares in various regions. Companies like Thermo Fisher Scientific, Danaher Corporation, and Carl Zeiss Meditec AG are key players in the market. The ongoing focus on research and development is expected to attract more companies to the market, further fueling its growth.

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Laser Capture Microdissection Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in R&D Funding and Healthcare Expenditure

      2. 1.2.2 Technical Advantages of LCM

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Instruments, Accessories, and Maintenance

      2. 1.3.2 Lack of Skilled Professionals

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Instruments

      2. 2.1.2 Consumables

      3. 2.1.3 Software and Services

    2. 2.2 By System Type

      1. 2.2.1 Ultravoilet LCM

      2. 2.2.2 Infrared LCM

      3. 2.2.3 Other System Types

    3. 2.3 By Application

      1. 2.3.1 R&D

      2. 2.3.2 Diagnostics

      3. 2.3.3 Other Applications

    4. 2.4 By End-User

      1. 2.4.1 Academic and Government Research Institutes

      2. 2.4.2 Hospitals

      3. 2.4.3 Pharmaceutical, Biotechnology Companies, and CROs

    5. 2.5 Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Italy

        5. 2.5.2.5 Spain

        6. 2.5.2.6 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 Japan

        3. 2.5.3.3 India

        4. 2.5.3.4 Australia

        5. 2.5.3.5 South Korea

        6. 2.5.3.6 Rest of Asia-Pacific

      4. 2.5.4 Middle-East and Africa

        1. 2.5.4.1 GCC

        2. 2.5.4.2 South Africa

        3. 2.5.4.3 Rest of Middle-East and Africa

      5. 2.5.5 South America

        1. 2.5.5.1 Brazil

        2. 2.5.5.2 Argentina

        3. 2.5.5.3 Rest of South America

Laser Capture Microdissection Market Size FAQs

The Laser Capture Microdissection Market size is expected to reach USD 184.54 million in 2024 and grow at a CAGR of 10% to reach USD 297.20 million by 2029.

In 2024, the Laser Capture Microdissection Market size is expected to reach USD 184.54 million.

Laser Capture Microdissection Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)