Global Cryostat Microbiome Equipment Market Size

Cryostat Microbiome Equipment Market Analysis

The Cryostat Microbiome Equipment Market is projected to register a CAGR of 6.89% during the forecast period (2022 to 2027).

The healthcare system has witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission as most chronic therapies were regarded as non-urgent. The cryostat microtome equipment is widely used in diagnostic and research laboratories for the study of histopathology of tissues. COVID-19 had severely impacted the research on chronic diseases such as cancer. An article titled 'Impact of the COVID-19 Pandemic on Cancer Researchers: A Qualitative Study of Events to Inform Mitigation Strategies' published in the journal of Frontiers in Public Health in November 2021 discussed the impacts of the COVID-19 pandemic on cancer researchers. The article listed various factors such as financial resources, limited access to patients for research, decreased patient access to cancer care, staffing issues, administrative delays, or supply chain issues as the major limitations for the decline in the quantity of cancer research. Such a lack of trained personnel to handle cryostat microbiome equipment and disruptions in the supply chain is expected to have a significant impact on the growth of the market.

However, with the rise of the pandemic, increasing research in the immunohistochemistry of the COVID-19 infected tissues has positively impacted the growth of the cryostat microtome equipment market. For instance, an article presented in the Elsevier journal of Immunology in September 2021 titled 'Live imaging of SARS-CoV-2 infection in mice reveals that neutralizing antibodies require Fc function for optimal efficacy' studied the efficacy of neutralizing antibodies for COVID-19 treatment implemented the use of cryo-immunohistology of organs for further studies. Such an increase in the use of cryostat microtome equipment is expected to boost the growth of the market during the forecast period.

Major chronic diseases such as cancer, cardiovascular diseases, chronic lung disease, stroke, Alzheimer's, diabetes, and chronic kidney disease are on the rise all over the world, which is adding to the growth of the cryostat microbiome equipment market. Cancer is a leading cause of death all around the world, accounting for around 10 million deaths in 2020. According to the GLOBOCAN 2020 report, the total number of people in the world affected by cancer in 2020 accounts for around 19,292,789 cases. The number is estimated to rise to 28,887,940 cases by 2040. According to the International Diabetes Federation Diabetes Atlas Tenth edition 2021, in 2021, around 537 million adults all over the world were found to have diabetes; with the numbers projected to grow to 643 million by 2030 and 783 million by 2045. The large population affected by 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.

Thus the above-mentioned factors are expected to drive the growth of the market during the forecast period.