Colposcopes Market size was valued USD 590 million in 2021 and is estimated to reach USD 705 million by 2029, growing at a CAGR of 5.7% during the forecast period (2022-2029). Colposcopes are a medical instruments used to magnify the cells of the cervix and vagina. These devices are used to diagnose cervical cancer, vaginal cancer, and inflammation of the cervix. Colposcopes are comprised of a high-resolution camera and electronic green filter for observing the vagina or cervical cells on the screen.
Colposcopes Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Colposcopes Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Colposcopes Market in the United States and Canada produces the utmost share. Whereas the European Colposcopes Market is projected to continue its presence globally during the period of 2022- 2029.
By Instrument Type, By Instrument Portability, By Application, By End User, and By Region
Report Insights Covered
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region
Largest Market Share
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The rising R&D initiatives, rising demand for colposcopes with the rising incidence of cervical cancer are the factors that are driving the market's growth over the forecast period.
Increasing technological advancements and the rising incidence of cervical cancer are expected to drive market growth.
The market is driven by the rising demand for Colposcopes with the rising incidence of Cervical Cancer. According to the World Cancer Research Fund Organization, Cervical Cancer is the fourth most commonly occurring cancer in women and the eighth-most commonly occurring cancer overall worldwide.
The rise in the approval & launch of the novel products and collaborations or mearges shall stimulate market growth. For instance, In June 2022 Acertys Healthcare announced that they will join forces with Duomed and will resume their activities as Duomed Belgium
The market is witnessing technological advancement with the digital platform for the development of colposcopes. In July 2021, DYSIS launched their latest version of colposcope DYSIS view.
The rise in the organizations, associations, and institutes initiatives for raising awareness regarding Cervical Cancer Prevention and Control shall positively impact the market. For instance, 7 UN agencies under the United Nations Task Force on NCDs have positively impacting Programme to prevent and control Cervical Cancer. It aims at providing the diagnosis and treatment of invasive cervical cancer to all women, screening and treatment for cervical pre-cancer available for women, and Human papillomavirus immunization for girls.
High cost associated with colposcopes is expected to hamper the market growth.
The high cost of colposcopes shall hinder market growth. Moreover, the availability of alternative methods for detecting cervical and vaginal cancer, such as Pap smear tests and HPV tests, could hurt the colposcopes market.
The global colposcopes market provides in-depth analysis of the market based on various industry factors such as Porter’s Five Forces, Regulatory and Reimbursement Analysis, Supply Chain Analysis, Pricing Analysis.
Instrument type segment is expected to hold the largest market share in global colposcopes market
The colposcopes market is segmented on instrument types such as optical colposcopes and digital colposcopes. The optical colposcope segment is expected to have the highest market share owing to the high adoption of optical colposcopes, especially in developing countries, due to their cost-effectiveness easy installation, ease of examination, and require, especially in. It is further expected that the optical colposcope segment would lose the market over the period owing to the introduction of digital colposcopes.
The digital colposcope segment is expected to have positive market growth due to the rising digital colposcope development with high-definition camera and imaging module used for clinic due to the rising digital colposcope developmental colposcopes provide advanced features including data management, high-quality images, and improved capability for cervical cancer screening. The market is witnessing the launch of the novel digital colposcope for the diagnosis of Cervical Cancer. For instance, in 2017, DYSIS Medical had launched the latest-generation DYSIS Ultra colposcope. This colposcope would help the clinicians in the in vivo evaluation, documentation, and follow-up of cervical pathology. It images the cervix and lowers the genital tract under illumination and magnification.
Further, the colposcopes market is also classified based on portability as stationery and handheld. The stationary segment accounts for the highest market share due to stationary colposcopes' availability at a low price. These are widely used in hospitals and clinics due to the stationary colposcopes. Further expected that the stationary segment should lose its market due to the growing preference for handheld colposcopes.
The handheld segment is expected to witness the fastest market growth over the forecasted period owing to the growing adoption of the handheld colposcopes due to their benefits such as simple interface, improved workflow, enhanced clinical services, superior monitoring capabilities, and advanced modes. The market is witnessing the launch of the new handheld colposcopes with improved image contrast levels. For instance, in July 2021, DYSIS announced its newly launched product DYSIS View that is a compact, ready to use, portable colposcope which provides more accurate diagnosis of cervical lesions.
North America region holds the largest market share in the global colposcopes market
By region, the colposcopes market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the colposcopes market due to the higher adoption of colposcopes with the increasing prevalence of Cervical Cancer and Vaginal Cancer. According to the Surveillance, Epidemiology, and End Results Program, approximately 13,800 incident Cervical Cancer cases are expected to be observed in 2020 in the United States. Cervical Cancer is the leading cause of cancer death for women in the United States. Around 4,290 women died due to Cervical Cancer in 2020. The United States accounts for the highest market share, owing to the high technological advancement, including integrating digital platforms with the colposcopes to stimulate market growth. The ongoing development of colposcopes with high resolution would replace the traditional colposcopes. The North America region is expected to maintain its dominant position over the forecasted period.
The Asia Pacific region is expected to have positive market growth owing to the rising aging population as the older population is at high risk of developing Cervical Cancer. There is a growing penetration of medical imaging technology and improved healthcare facilities, including advanced medical facilities. Several market players are expanding their presence in the Asia Pacific market. Moreover, the rising government spending on gynecological disorders shall boost the demand for colposcopes. Substantial growth is expected to be observed in developing countries owing to the higher incidence rate and mortality rate of Cervical Cancer. The increasing awareness regarding the early diagnosis of Cervical Cancer and Vaginal Cancer shall positively impact the market.
The colposcopes market is highly competitive with the presence of several international and local market players. Product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Carl Zeiss AG, Olympus Corporation, Danaher Corporation, Cooper Surgical, Inc, McKesson Corporation, DYSIS Medical, and Karl Kaps Gmbh & Co. Kg are the leading Market players with significant market share.
Companies are using novel product launches, technological advancements, new product development, and market expansion strategies for holding their position in the market. For instance, In June 2019, MobileODT had received the 2019 FT/IFC Transformational Business Award in Health, Wellness, and Disease Prevention. In August 2019, MobileODT had received an Innovative Technology contract from Vizient, Inc. for the EVA System, an FDA-cleared smart mobile colposcope for the assessment and diagnosis of cervical cancer and use in forensic examination by Sexual Assault Nurse Examiners.
The companies enter into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Colposcopes Market and their expansion across the globe. For instance, in August 2018, Specialty Surgical Instrumentation Inc. (a subsidiary of Symmetry Surgical Inc.) had acquired the Core business segment, i.e., the Electrosurgical segment of Bovie Medical. The Electrosurgical segment includes the generators, electrodes, cauteries, lighting, colposcopes, accessories, and the Bovie brand.
Global Colposcopes Market – Key Companies to Watch
Carl Zeiss AG:
Overview: It is a German optical system manufacturer. Also branded as ZEISS was founded in 1846 and headquartered in Oberkochen, Germany. It has 4 business segments: Medical technology, Consumer market, Quality and research and Semiconductor manufacturing technology.
Colposcope CARL ZEISS KSK 150 FC: The Zeiss KSK is mobile colposcope that is equipped with video track for clear imaging and observation. It gives a proper and clear view of vulva, vagina and cervix. It supports illumination and magnification.
Key Developments: In 2019, ZEISS acquired Brunswick based GOM.
The global colposcopes market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.
What is the Projected CAGR value of the Colposcopes Market?
Colposcopes Market is expected to grow at a CAGR of 5.7% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Colposcopes Market during 2022-2029.
Which is the fastest growing region in the Colposcopes Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
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