Colposcopy Market Size to Grow at a CAGR of 6.9% During the Forecast Period 2021-2026

The Increasing Prevalence of Cervical Cancer Driving the Growth of Colposcopy Market.

Hyderabad, India – June 30, 2021 /MarketersMedia/ —

Colposcopy Market size is estimated at $598 million in 2020, projected to grow at a CAGR of 6.9% during the forecast period 2021-2026. A colposcopy is a device that allows doctors to get a closer look at a woman’s vaginal area in diagnosing diseases. The instrument is extremely useful in detecting cervical cancer. The device functions similarly to an electronic microscope complete with proper lighting and magnification. The optical colposcopy is the standard one, but it has developed into a digital version with video assistance.

The market demand is growing due to increased awareness and the availability of a wide variety of diagnostic tools. Assessment of diethylstilbestrol (DES) sensitivity in utero, human papillomavirus, immunosuppression, and irregular cervix appearance triggers for a patient to undergo a colposcopy. Colposcopes are often used to diagnose cervical cancer, vaginal cancer, and cervix inflammation.

Colposcopy Market Segment Analysis – By Portability Type:

Based on Portability Type, Handheld System accounted for the largest revenue market share in 2020 owing to new product launches and technological advances in the market. MobileODT, for instance, has released EVA COLPO, a user-friendly, compact, internet-enabled system. The segment is also expected to develop at the fastest pace during the forecast period attributed to an easy interface, improved workflow, superior monitoring capabilities, enhanced clinical facilities and advanced modes, handheld colposcopes are becoming increasingly popular.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=508522
Report Price: $5900 (Single User License)

Colposcopy Market Segment Analysis – End Use:

Based on End Use, Hospitals/Clinics accounted for the largest revenue market share in 2020 owing to higher adoption of portable colposcopes in hospitals and gynaecological clinics and the growth in women population that are suffering from cervical cancer around the world. According to the National Center for Biotechnology Information (NCBI), the introduction and widespread use of colposcopy has resulted in immunosuppression and a significant reduction in uterine cervix cancer and human papillomavirus mortality in developing countries. As a result, the demand will expand as people become more conscious of the importance of early cancer detection, as well as government programs and equal reimbursement policies.

The demand for medical devices is expected to expand as awareness and affordability rise, as it is already the case in many developed countries, where healthcare services contribute significantly to GDP growth, resulting in Colposcopy Industry growth. Ambulatory Surgical Centres is projected to witness the fastest CAGR of 7.8% during the forecast period 2021-2026.

Colposcopy Market Segment Analysis – By Geography:

Based on Geography, North America Colposcopy Market accounted for the 35% revenue share in 2020 attributed to a number of factors, including an aging population that is more susceptible to infections due to reduced immunity, Colposcopy resulting in a high demand for early cancer detection and successful care. The market is also expanding in this region owing towards growing demand for colposcopes, as well as the prevalence of target disorders and increased awareness regarding human papillomavirus. Additionally, a strong clinical pipeline, favorable reimbursement strategies for therapeutic products, and increased acceptance of these devices are expected to boost revenue growth.

Colposcopy Market Drivers

The Increasing Prevalence of Cervical Cancer:

The market is developing owing to increased awareness of cervical cancer screening among the general public and an increase in the number of target populations. As per, World Health Organization, cervical cancer is the fourth most common cancer in found in women, accounting for about 6.8 percent in 2019, with 59,300 new cases. Furthermore, technological advances in colposcopes in diethylstilbestrol (DES) and the availability of technologically advanced screening tools, increased immunosuppression are driving Colposcopy Industry development.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=508522

Colposcopy Market Challenges

Lack of Skilled Professional and Product Complications:

The Colposcopy Market is projected to be hampered by the constant rise in patient numbers, as well as the number of tests conducted with upgraded equipment, has made it difficult to find qualified clinicians who can conduct these tests. The high cost of installation of this product, as well as a scarcity of skilled clinical users to operate the colposcope, limits the market’s growth.

Colposcopy Market Landscape:
Colposcopy Market top 10 companies are MedGyn Products, Inc., Wallach Surgical Devices, Carl Zeiss Meditec, Inc., DYSIS Medical, ATMOS MedizinTechnik GmbH & Co. KG, BOVIE MEDICAL, Cooper Surgical, Edan Instruments, Inc., Kernel Medical Equipment Co. Ltd and Alltion Co., Ltd.

Key Takeaways

Colposcopy market growth is being driven by technological advances, adoption of new techniques, such as high-quality video and enhanced detection accuracy.

Geographically, North America Colposcopy Market held the largest revenue share of 35% in 2020 owing to the involvement of potential players who are developing innovative products, advances in medical device technology, high investments in R&D and support of government. In the final report, the scope of the Colposcopy Market for various regions will be given.

The Colposcopy Industry is expanding owing to enhanced R&D efforts by companies to develop quick, cost-effective, and new technology-based Colposcopy for the treatment of Cervical Cancer.

The industry is gaining popularity as the number of cases of cervical cancer continues to rise. This has raised awareness, and patients are now more likely to learn about their health and want to take preventative steps, which are fuelling the Colposcopy industry.

B. Laparoscopic Instruments Market
https://www.industryarc.com/Report/16399/laparoscopic-instruments-market.html

For more Lifesciences and Healthcare Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/colposcopy-market-size-to-grow-at-a-cagr-of-69-during-the-forecast-period-2021-2026/89032168

Source: MarketersMedia

Release ID: 89032168

Go Top