New York, USA, June 06, 2022 (GLOBE NEWSWIRE) -- Colposcopy Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Colposcopy Market Research Report By End-User, Instrument Type, Application, Instrument Portability, Magnification Type, and Region– Global Forecast Till 2030”, the market is estimated to reach USD 765.01 million during the assessment timeframe from 2022 to 2030.
Market Scope:
The colposcope refers to a diagnostic instrument that enables the physician to better view the cervix or vagina with appropriate magnification. The primary goal of the diagnosis with the colposcope is to identify the precancerous lesions at a preliminary stage by proper treatment. They are used for cervical cancer suspects patients; on the other hand, it is also used to evaluate for conditions such as abnormality and immunosuppression of the cervix. The present status shows that around 530,000 cases are detected of cervical cancer every year. The occurrence rate across the has increased to 12% this year. The growing occurrence of abnormality in vaginal tissues and increasing incidences of cervical cancer and other health issues have boosted the overall growth of the colposcopy market. The colposcopy market has registered enormous growth in the last few years. The development of the market is primarily accredited to the growing awareness regarding the signs and symptoms of cervical cancer across emerging nations.
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Report Scope:
| Report Attribute | Details |
| Market Size | USD 765.01 Million |
| CAGR | Substantial |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Instrument Type, Instrument Portability, Application, Magnification Type, End-User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing geriatric population |
| Technological advancements and advancing medical infrastructure |
Competitive Analysis
The global market for colposcopy has leading players such as:
- McKesson Corporation
- Bovie Medic
- Carl Zeiss
- Karl Kaps
- Olympus Corporation
- Seliga Microscopes
- Danaher Corporation
- Atmos
- Philips Healthcare
- DYSIS Medical
- CooperSurgical
Market USP Covered
Market Drivers
The global colposcopy market has registered a massive rise in the growth rate in the last few years. The significant aspect is causing an upsurge in the market's growth, increasing the geriatric population across the globe. Furthermore, factors such as unhealthy diet & lifestyle and sedentary lifestyle of women are also likely to boost the growth of the colposcopy market over the forecasted era. Moreover, the advancing medical infrastructure and technological advancements are also anticipated to catalyze the market's growth over the assessment era. In addition, the advancing technologies and increasing incidences of cervical cancer are likely to offer lucrative opportunities to the players across the market worldwide.
Market Restraints
On the other hand, the growing installation costs of colposcopy are anticipated to impede the growth of the colposcopy market.
COVID-19 Impact
The global COVID-19 pandemic has caused a severe impact on the majority of the market sectors across the globe. The global health crisis impacted the standard treatment methods among several medical industries. Several governments worldwide imposed partial or complete lockdowns to stop the spread of infectious diseases. The travel restrictions imposed across most regions worldwide led to postponing several medical appointments. Some hospitals or medical organizations took the help of the drones and digitally tested the patients. The widespread COVID has lowered the overall cancer care continuum across the globe. Cancer diagnosis and cancer screening have not been highlighted throughout the pandemic. Focusing on the state of emergency has substantially had a significant impact on the colposcopy market performance. Such aspects have caused a delay in the overall treatment and other procedures for cancer patients. In Scotland, the healthcare appointments were postponed because of the pandemic, and the screening tests also faced delays due to the current pandemic and restrictions on movement.
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Segment Analysis
The digital instrument type segment is projected to account for the highest revenue share across the global market over the assessment timeframe.
Considering the instrument's portability, the portable colposcopes segment is likely to secure the highest revenue share over the review timeframe. The segment's growth is mainly accredited to the advantages of portable colposcopes that include regular cervix examinations, movement within medical settings, the ability to produce high-definition images, better result reproducibility, and ease of installation.
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Out of all the applications, the cervical cancer screening segment led the global market in 2021 with the highest revenue share. The segment's growth is primarily attributed to the growing cases of gynaecological disorders. When the result of a pap smear is unusual, colposcopy assists in detecting the problem more clearly. Cervical cancer screening examines the inflammation, traumatic injuries, cancerous changes, and infection in the cervix and vagina. Because of the high negative predictive value, colposcopy is a helpful cervical cancer screening method.
The hospital segment secured the highest revenue share among all the end-users in 2018. The segment's growth is mainly accredited to the growing number of cervical cancer patients across the globe. Furthermore, the factors such as the rising installation of colposcopes in hospitals and an increasing number of cancer screening initiatives around the world are also catalysing the growth of the hospital segment.
Regional Analysis
The global colposcopy market is studied across five major regions: Middle East & Africa, Europe, North America, Latin America, and Asia-Pacific.
According to the MRFR analysis reports, the North American region will likely dominate the global colposcopy market over the forecasted era. The regional market's growth is mainly credited to the growing number of government initiatives. Furthermore, the factors such as advancing technology concerning screening tools and a higher number of cervical cancer cases across the region are also projected to boost the market's growth over the assessment timeframe. In addition, the presence of significant players in the area, such as Dysis, and efficient follow-ups and treatments are also likely to positively impact the regional market's growth over the coming years.
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The colposcopy market for the European region is anticipated to secure the second position across the globe. The regional market's growth is mainly attributed to favorable reimbursement policies. The launch of such approaches has raised the overall development of the colposcopy market across the region. The latest study implies that there are over 3000 new cases detected as cervical cancer each year in the UK.
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