Overview:
The colposcopy market refers to the market for medical
devices used in colposcopy procedures, which are diagnostic examinations of the
cervix, vagina, and vulva. Colposcopy is typically performed as a follow-up to
an abnormal Pap smear result and can help identify abnormalities that may
indicate the presence of cervical cancer or other conditions.
The Colposcopy Market Outlook and Analysis By Type
(Optical Colposcope, Digital Colposcope), Instrument Portability (Portable,
Fixed, Handheld), Application (Cancer Screening, Examinations), Magnification
Type, End-User – Global Forecast Till 2030
Market Research Future (MRFR) in their report on the
global colposcopy market predicted a growth for the same by 6.8% CAGR during
the forecast period. Colposcope is a device that enables specialists in having
a better look inside the vaginal area of a woman to diagnose diseases. The
instrument finds great utility in determining cervical cancer. The machine is
like and electronic microscope with proper lighting and magnification. The
traditional one is the optical colposcope but now it has evolved and became
digital with video assistance. MRFR in their report included a detail segmental
analysis of the market, along with special emphasis on the factors that can
spur growth in the coming years.
The market is gaining traction from the increasing
cases of cervical cancer. This has triggered an awareness where patients are
now more willing to understand their state of health and wish to take
preventive measures. Segmental innovation is also boosting the market, such as
the portable ones. But the market is witnessing some lags in terms of high
installation cost and lack of skilled operators. But the growing interest in
the sector can easily take out the market from any long-time sluggishness.
Segmentation:
MRFR in their detailed report segmented the global colposcopy
instruments by instrument type, instrument portability, application, and
end-users.
Based on the instrument type, the colposcopy market share can be segmented into
optical colposcopes and digital colposcopes. With growing digitization, digital
colposcopes are bound to get prominence.
Based on the instrument portability, the colposcopy
market includes portable, fixed, and handheld. Fixed segment has significant
market share but portable segment is gaining precedence.
Application-wise, the colposcopy market share
comprises cervical cancer screening, physical examinations, and others.
Cervical cancer screening test is one of the major market drivers.
Based on the end-user, the colposcopy market consists
of hospitals, clinics, diagnostic centers, and others.
Regional Analysis:
MRFR includes mainly four regions; the Americas,
Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), to
geographically analyze the global colposcopy market.
With NGOs taking great initiatives to spread cervical
cancer awareness, the Americas is expected to spearhead the global market. At
the same time, the regional market is reaping the benefits of the presence of
several market leaders who are spending substantially to launch innovative
products to facilitate diagnosis.
Europe’s growth can bank substantially on the
innovations launched by the influential market players. The awareness regarding
various diseases is quite high which leads to the adoption of such methods to
diagnose.
The APAC region is benefiting substantially due to the
huge patient. Cervical cancer is quite common in the
region and one study published by the Government of the Hong Kong Special
Administrative Region, in 2015, cervical cancer was the seventh most common
cancer among females in Hong Kong.
The MEA market is expected to witness sluggish growth
due to lack of awareness among the commoners. Also, the poor economies in the
region can detract the market during the forecast period.
Competitive Landscape:
Prominent players, as per MRFR report, in the global colposcopy
market share are Olympus Corporation, Carl Zeiss, Philips Healthcare,
CooperSurgical, Atmos, McKesson Corporation, DYSIS Medical, Danaher
Corporation, Seliga Microscopes, Karl Kaps, Bovie Medical, Welch Allyn,
Alliton, Leisegang, Centrel, OPTOMIC, MedGyn, Ecleris, Lutech, Beijing SWSY,
DYSIS Medical, EDAN Instruments, Seiler, Xuzhou Zhonglian, and others.
In 2018, an article published in the BJOG, An
International Journal of Obstetrics and Gynaecology, talked about a portable
pocket colposcopy which can deliver near-perfect results. As per the
researchers from Duke University in North Carolina, the images in this method
they collected by using acetic acid and Lugol's iodine as contrast agents.
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