Global Statistics Representing Colposcopes Market Scenario
Colposcopes is a surgical instrument used for close examination of cervix, vagina and vulva for diagnostics purposes. Technologically advanced colposcopes contain electronic green filter and high-resolution camera which helps doctor or gynaecologist for examining infected area on screen. The process of examining cervix vagina and vulva to detect infection with colposcopes is known as colposcopy.
Increasing prevalence of diseases and problems related to cervix, vagina, and vulva across the globe is compelling the manufacturers to opt for production of advanced colposcopes. According
According to the World Health Organization (WHO), in 2018, around 6.6% of female cancer patients making upto 570,000 in number were reported suffering from cervical cancer in the U.S.
Rapid industrialization in developing countries such as India, Japan, and China and vast technological advancements in the field of colposcopes in developed nations such as the U.S. are significantly contributing to the market growth. The demand for digital colposcopes is expected to rise in the upcoming years.
Global colposcopes market accounted for over USD 565.5 million in 2017 and is expected to grow at a CAGR of 7.1% during the forecast period 2019–2026.
Global colposcopes market is segmented by instrument type, mounting style, magnification type, application, and end-users.
By instrument type, the market is segmented into optical and digital. Digital segment is expected to grow at the fastest CAGR as it can withstand the increasing digitalization in the healthcare. It give better visualization of diseased area and accurately measurement symptoms which empower the market.
By mounting style, the colposcopes market is segmented into tilt base, rolling base, wall mounted, and swing arm. Tilt base segment is anticipated to grow significantly followed by rolling base segment during the forecast period 2019–2026.
On basis of magnification type, the colposcopes market is segmented into fixed magnification, variable magnification. Variable magnification segment is anticipated to gain major market owing to its capability of moving to various angles.
By Application, the colposcopes market is segmented into cervical cancer screening, physical examinations. Colposcopes is used equally in both of cancer screening and physical examinations due to diagnosis feature.
By end-users, the colposcopes market is segmented into hospitals, clinics, diagnostic centers, and other end users. Rising installation of colposcopes and easy availability of it in hospitals likely to hold the largest share across the global market during forecasted period 2019–2026.
Geographically, the global colposcopes market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
North America is likely to hold major share of colposcopes market on account of increasing prevalence of diseases including cervical cancer. In the U.S. around 6.6% of female population is suffering from cervical cancer which was around 570,000, in 2018. Availability of technologically superior diagnostic centers with high awareness regarding early diagnosis of cervical cancer among population is boosting the growth of market.
Europe is likely to emerge as the second largest colposcopes market globally. This can be attributed to the high healthcare expenditure and high awareness among female related to cervical, vaginal and vulva disease.
Asia Pacific is projected to show significant growth in the colposcopes market due to growing healthcare expenditure and increasing prevalence of cervical cancer in various economies such as China, India, Japan, and South Korea. According to Information Centre on HPV and Cancer (ICO and IARC), in China 1.06 million patients of cervical cancer were detected in 2018.
LAMEA is expected to witness steady growth in the healthcare sector. As per World Health Organization (WHO), there have been significant investments in the healthcare sector in countries such as Brazil, Argentina, and South Africa which is expected to support the market growth during the forecast period 2019–2026.
Some of the key players in the global colposcopes market are Cooper Surgical, Edan Instruments, Inc., Kernel Medical Equipment Co., Ltd., MedGyn Products, Inc., Wallach Surgical Devices, Alltion (Wuzhou) Co., Ltd., Carl Zeiss Meditec, Inc., ATMOS MedizinTechnik GmbH & Co. KG, BOVIE MEDICAL, DYSIS Medical and among others.
Colposcopes Market Segmentation
By Instrument Type
By Mounting Style
By Magnification Type