Aug 10 2015
According to a new market research report "Laser Capture Microdissection Market by Product (Consumables, Instruments, Software, Services), System Types (Ultraviolet, Infrared, Immunofluorescence), Application (Molecular Biology, Cell Biology, Forensics), End User - Global Forecast to 2020 ", published by MarketsandMarkets, the Laser Capture Microdissection Market is expected to reach around 124.97 Million USD by 2020, at a CAGR of 11.52%, during the forecast period (2015 to 2020).
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The global laser capture microdissection (LCM) market is expected to reach USD 124.97 Million by 2020 from USD 72.45 Million in 2015, growing at a CAGR of 11.52%. Increasing healthcare expenditure and increase in R&D funding are the primary growth drivers of this market. Technical advantages of LCM as a contamination-free technique will also aid market growth. However, high manufacturing and maintenance cost of equipment and accessories may hinder the growth of this market.
The global laser capture microdissection market is segmented on the basis of products, system types, applications, and end users. On the basis of applications, the market is segmented into diagnostics, research and development, and other applications. The research and development application segment is expected to account for the largest share of the global laser capture microdissection market in 2015.
On the basis of products, the market is divided into instruments, consumables, and software and services. The instruments segment is expected to account for the largest share of the global laser capture microdissection market by 2020. On the other hand, the consumables segment is expected to witness the highest growth rate during the forecast period. On the basis of system types, the laser capture microdissection market is categorized into ultraviolet LCM, infrared LCM, ultraviolet and infrared LCM, and immunofluorescence LCM. On the basis of end users, the laser capture microdissection market is categorized into academic and government research institutes, hospitals, pharmaceutical and biotechnology companies, and contract research organizations (CROs). The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW).