Colposcopy Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Colposcopy Market is projected to experience significant growth from 2018 to 2024.
 

Colposcopy market size is expected to witness a significant growth due to rising incidences of cervical cancer across the globe. The key application of colposcopy is to prevent cervical cancer by detecting precancerous tissues. According to the World Health Organization (WHO), cervical cancer is identified to be the second most leading cause of cancer deaths in women worldwide. Cancer burden is growing among women in both, high-income countries (HICs) and low- and middle-income countries (LMICs) due to changes in the prevalence of cancer risk factors as countries experience economic transition. The major risk factors include changing lifestyle patterns, smoking, physical inactivity, excess body weight and changes in reproductive patterns, such as a late first childbirth as well as fewer childbirths. Hence, higher prevalence of cervical cancer owing to above mentioned factors will drive the market growth of colposcopes across the globe. 
 

Technological advancement in colposcopes, offering easier cervical cancer screening, will drive the market growth in the forthcoming years. Duke university researchers, in 2017, have developed a ‘Pocket colposcope’ that removes the need for speculum and enables self-screening. This speculum free colposcope enables images on a laptop or a smart phone and makes cervical cancer screening more approachable to women living in low-resource areas, thus increasing the demand for colposcopes. Additionally, the government-initiated cancer awareness programs, fair reimbursement policies and the adoption of newer technologies will significantly boost the industry growth.
 

However, availability of alternatives for diagnosing cervical cancer such as Pap test, HPV typing, PET-CT, proctoscopy and laproscopy may hamper the industry growth over the forecast period. Moreover, lack of skilled clinical professionals may impact negatively on the colposcopy market growth.
 

Optical colposcope segment accounted for the largest share of colposcopy market in 2016 owing to its benefits such as low cost and easy installation of these instruments. Optical colposcopes interrogate changes in tissue architecture, cell morphology and biochemical composition, associated with the development of precancer, thus enabling early diagnosis of cervical cancer.
 

Portable colposcope segment dominated the global colposcopy market in 2016. It is expected to account for the largest share in forthcoming years as well as expected to grow at highest CAGR during the forecast period. This growth is attributable to various advantages of portable colposcopes, such as better result reproducibility, ease of installation, easy movement within medical settings as well as the ability to produce high-definition images, and stable cervix examinations.
 

The cervical cancer diagnosis segment is projected to account for the largest market share during the forthcoming years and is expected to grow at the highest CAGR during forecast period owing to the growing patient pool for cervical cancer, increased number of screening procedures carried out for cervical cancer and the subsequent increase in the use of colposcope for these procedures.
 

Hospitals segment is expected to grow at a significant rate owing to the increasing burden of cervical cancer in women. According to the National Center for Biotechnology Information (NCBI), the mortality owing to uterine cervix cancer has fallen drastically in developed countries due to the advent and widespread application of colposcopy. Thus, awareness among people for early diagnosis of cancer coupled with government initiatives and fair reimbursement policies will drive the market growth.
 

U.S. dominated the colposcopy market in 2016 and is likely to continue growing during the forecast period attributable to the rising burden of cervical cancer, technologically advancements in screening tools, presence of quality healthcare infrastructure and presence of major players in the U.S. Increasing prevalence of cancer coupled with inclination of patients towards newer technologies will further boost demand for such devices over the forecast period.
 

Colposcopy market in India is projected to grow at a significant rate during the forecast period owing to its high population. Rising prevalence of cervical cancer, increasing awareness of patients for early diagnosis of cancer, subsequently increasing demand for cervical cancer screening tools, and rising healthcare expenditure in Asian countries will boost the colposcopy market growth in India.
 

Some of the industry players include DYSIS Medical, Cooper Surgical, Atmos, Olympus, Karl Kaps, Danaher, McKesson, Carl Zeiss, Philips, MedGyn, Edan Instruments, Ecleris, Optomic, Lutech, Welch Allyn, Wallach Surgical and Seiler Medical. The industry players focus on strategic partnerships, mergers and collaborations as well as innovative product launches to expand their business product portfolio as main strategies. The market dynamics provides a platform to industry players to explore the high-growth areas and serve the unmet needs across different regions.
 

Colposcopy Market by Type, 2013-2024 (USD Million)

• Optical
• Digital

Colposcopy Market by Portability, 2013-2024 (USD Million)

• Fixed
• Portable
• Handheld

Colposcopy Market by Application, 2013-2024 (USD Million)

• Cervical Cancer Diagnosis
• Physical Examination

Colposcopy Market by End-use, 2013-2024 (USD Million)

• Hospitals
• Clinics
• Diagnostic Centers

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa

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