Global Colposcopy market is expected to register a CAGR of around 5% over the period of 2021-2027. The increasing prevalence of cervical cancer and inflammation of the cervix (cervicitis) are the major factors for the global growth of the colposcopy market. For instance, according to the American Cancer Society, about 14,100 new cases of invasive cervical cancer will be diagnosed and about 4,280 women will die from cervical cancer. Furthermore, the high demand for early diagnostic techniques and increasing government initiatives for women’s health are expected to drive the market.
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According to UnivDatos Market Insights (UMI)’ research report “global colposcopy market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Moreover, factors such as supportive government initiatives and the growing focus of industry players for launching new and advanced technology for diagnosis are also propelling the market growth as these have various advantages such as, it provides high precision, adaptability, ease of use, non-invasive approach, and magnified evaluation. However, some of the restraints in the market include increasing installation costs of colposcopy and a lack of skilled professionals are impeding the growth of this market all over the world.
Based on instrument type, the market is classified into optical and digital. Amongst Instrument types, the optical category accounted for a significant share of the market. The adoption of the optical colposcope is high in developing countries because of its high affordability and low maintenance.
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Based on end-users, the market is categorized into hospitals and clinics, diagnostic centers, and others. Among these, the hospitals and clinics are expected to witness the highest CAGR during the forecast period. Hospitals are well-equipped with necessary instruments used for the screening of the cervix for the detection of any precancerous and cancerous growth.
North America to witness extensive growth
For a better understanding of the market adoption of the colposcopy market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the colposcopy industry in 2020 owing to the presence of well-established market players and the adoption of colposcopy equipment in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global colposcopy market are Kaps GmbH & Co. KG, Carl Zeiss Meditec AG, CooperSurgical, Inc, DYSIS Medical Inc, ATMOS Medizin Technik GmbH & Co. KG, Olympus Corporation, McKesson Medical-Surgical Inc., Ecleris, Optomic, Seiler Instrument Inc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
“Global Colposcopy Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentations:
1. By Instrument Type (Optical and Digital)
2. By Instrument Portability (Portable, Fixed, and Hand-Held)
3. By End-Users (Hospitals and Clinics, Diagnostic Center, Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Kaps GmbH & Co. KG, Carl Zeiss Meditec AG, CooperSurgical, Inc, DYSIS Medical Inc, ATMOS Medizin Technik GmbH & Co. KG, Olympus Corporation, McKesson Medical-Surgical Inc., Ecleris, Optomic, Seiler Instrument Inc.)
Key questions answered in the study:
1. What are the current and future trends of the global colposcopy industry?
2. How the industry has been evolving in terms of instrument type, instrument portability, and end-users?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global colposcopy industry?
5. What is the customer orientation, purchase behavior, and expectations from the global colposcopy suppliers across various region and countries?
