Market Size of Laser Capture Microdissection Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Laser Capture Microdissection Market Analysis
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.
