Laser Microdissection (LMD) System Market Size, Share, Growth, and Industry Analysis, By Type (Ultravoilet LMD, Infrared LMD), by Application (Research Institution, Medical Institution), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

Laser Microdissection (LMD) System Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global laser microdissection (LMD) system market size was USD 131.2 million in 2022. As per our research, the market is expected to reach USD 175.8 million in 2028, exhibiting a CAGR of 5.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with laser microdissection (LMD) system market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Laser Microdissection (LMD) System is a contact and impurity free method for isolating specific single cells or entire areas of tissue from an extensive variability of tissue samples. It allows users to isolate specific single cells or entire areas of tissue driven by a unique laser design and dynamic software, leica LMD systems allow users to easily isolate from entire areas of tissue down to single cells or even subcellular structures such as chromosomes. Laser microdissection has been widely applied in the several subspecialties of pathology from human diagnostic pathology to toxicological pathology.

The laser microdissection market is growing due to factors such as rising healthcare expenditures and technological advances in the field. Also, due to increased funding and expenditure on research and development activities is also boosting the market. The market is also being driven by an upsurge in hospitals, pharmaceuticals, and R&D institutes. Participants are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID -19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Laser Microdissection (LMD) System Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into ultravoilet LMD, infrared LMD.

ultravoilet LMD will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into research institution, medical institution.

Laser microdissection (LMD) system market players cover segment as research institution will dominate the market share during forecast period.

Driving Factors

"Increase in demand due to improved and versatile technology to boost the market growth"

The laser microdissection technology has improved over the year to make the cutting process more reliable and more precise. It is very versatile technology with a tremendous range of applications. The demand is motivated by the growth of these industry which is anticipated to enhance market growth.

"Technological advancement and development to upsurge the market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the laser microdissection (LMD) system market growth. Growing investment in research and development activities and growing awareness about benefits of laser microdissection (LMD) are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factors

"High cost of maintenance to hamper the market growth"

High cost is hampering development of laser microdissection (LMD) system market. The high cost of instruments, accessories, and maintenance, as well as the requirement of a high level of technical proficiency are anticipated to restrain the laser capture microdissection growth. Lack of knowledge and awareness is also another factor which is depleting the market growth. Technical difficulties will reduce the industry revenue.

Laser Microdissection (LMD) System Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Asia Pacific to dominate the region due to amplified R&D expenses"

Asia Pacific is further expected to witness growth in the laser microdissection (LMD) system market share. The region is dominating the market due to increased R&D spending. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Leica Microsystems (Germany)
• Thermo Fisher Scientific (U.S.)
• Carl Zeiss (Germany)
• Molecular Machines & Industries (Germany)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.