Colposcope market opportunity analysis, trends and business strategies | forecast

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According to a new report from Allied Market Research titled “Colposcopes Market by Product Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026The global colposcope market size was estimated at $ 470 million in 2018 and is projected to reach $ 661 million by 2026, growing at a CAGR of 4.3% from 2019 to 2026.

Colposcopy is a procedure to closely examine the cervix, vagina, and vulva through a special magnifying device called a colposcope. This procedure is generally done if the cervical screening reveals abnormal cell growth in the cervix. There are portable, portable, and stationary colposcopes available in the market that are used to diagnose cervical cancer, genital warts, vaginal cancer, and vulvar cancer.

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The Colposcope market is expected to experience significant growth during the forecast period due to the increasing prevalence of cervical cancer, growing awareness of the early detection of cervical cancer, increasing demand for colposcopes, and the availability of technologically advanced colposcopes. According to the American Society of Clinical Oncology (ASCO) report, 13,170 women in the United States have been diagnosed with invasive cervical cancer. The incidence rates for the disease decreased by more than 50% between 1975 and 2015 as more and more screening procedures were done to detect changes in the cervix before they become cancerous.

Based on the product type, the wearable segment dominates the world market and is expected to continue this trend during the forecast period due to the ease of specimen handling, portability, screening convenience and the higher acceptance of wearable colposcopes in hospitals and gynecological clinics.

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On an application basis, the Cervical Cancer Screening segment made up the bulk of the market share as the target audience has grown significantly and awareness of Cervical Cancer Screening has risen in the population. In addition, advances in technology in colposcopes and the availability of technologically advanced screening tools are driving the growth of the colposcope market for this segment. For example, according to the World Health Organization, cervical cancer is the fourth most common cancer in women, with 570,000 new cases in 2018, accounting for around 6.6% of all cancers in women.

Main results of the study:

  • Based on product type, the portable segment held more than half of the global colposcope market in 2018.
  • Based on the application, the Cervical Cancer Screening segment is expected to show significant growth in the Colposcope market during the forecast period.
  • In terms of end users, the Diagnostic Centers segment held around half of the colposcope’s market share in 2018.
  • In terms of the region, the Asia-Pacific region is expected to experience the highest growth, with a CAGR of 6.1% over the forecast period.

North America accounted for about half of the global colposcope market share in 2018 and is expected to remain dominant throughout the forecast period. This has been attributed to the increased acceptance of colposcope products; Increase in the prevalence of cervical cancer; Raising patient awareness of the early detection of the disease with a well-developed health infrastructure; and strong presence of the main players in the market. On the other hand, the Asia-Pacific region is expected to have the highest rate of growth over the forecast period, mainly due to the improvement in health infrastructure, the increase in the number of advanced medical facilities, and the growing awareness of the early detection of the disease.

Important market participants:

  • Carl Zeiss AG
  • Danaher Corporation (Leica Microsystem)
  • Ecleris SRL
  • Gynex Corporation
  • Karl Kaps GmbH & Co. KG
  • Kernel Medical Equipment Co., Ltd
  • McKesson Corporation
  • Medgyn Products Inc.
  • Seiler Instrument & Mfg. Co. Inc.
  • The Cooper Companies, Inc.

Other trend reports:

Portable Imaging Devices Market

Cervical Dysplasia Market

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