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Colposcopy Market Overview
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.
The advanced colposcope has a high-resolution camera and an electronic green filter, allowing doctors to view the vaginal or cervical canal on a tablet. While colposcopy is a painless operation, the patient can experience some pressure when the speculum of the colposcope enters the vaginal canal. The gynaecologist uses the colposcope to provide more precise and important details about the patient.
A gynaecologist normally performs a colposcopy if the patient's pap
test is irregular or if the patient is bleeding during a sexual encounter
driving the colposcopy market growth. The
persistent launch of medical devices for cancer detection by leading manufacturers
is also propelling the Colposcopy Industry.
Colposcopy Market Report Coverage
The report: “Colposcopy Market Forecast (2021-2026)”, by
Industry ARC, covers an in-depth analysis of the following segments of the Colposcopy Market.
By Portability
Type: Stationary, Fixed and Handheld.
By Device
Type: Digital
and Optical.
By
Application: Oral – Submucous, Uvula and Others, Pelvic - Cervical Cancer
Diagnosis, Physical Examination, Infectious Diseases and Others.
By End Use: Hospitals/Clinics,
Research Institutes, Diagnostic Centres and Ambulatory Surgical Centres.
By
Geography: North America
(U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and
Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia &
New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and
Rest of South America) and RoW (Middle East and Africa).
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.
Colposcopy Market: Market Share (%) by Region, 2020
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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.
The demand for these products are expected to be strong in
doctors' offices for the test of human papillomavirus, where the amount of
space taken up by a computer is a key consideration. Clinical preference grew
as a result of the highly sensitive and fast test results immunosuppression compared
to other techniques is expected to drive Colposcopy
market growth. Stationary segment is anticipated to grow with the second
fastest CAGR of 7.5% in the forecast period 2021-2026. These are traditional
pieces of equipment that are less expensive than their counterparts, making
them more common in organizations with small budgets, driving the Colposcopy Industry.
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. Market growth is
being fueled by a growing array of procedures offered by ASCs, as well as
increased reimbursement benefits. ASCs all over the world are constantly
attempting to expand their range of facilities in order to increase the number
of patients served, thereby, driving the segment growth.
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.
The major players are working on modern Colposcopy systems that are technologically advanced is accelerating Colposcopy Industry expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards presence of a large elderly population, increasing disposable income, and rising awareness about these procedures. Also, owing to differing regulatory factors, the market is highly diverse, resulting in differences in product availability across region. Improvements in healthcare infrastructure, as well as an increase in the number of hospitals and testing centers with advanced medical equipment, all lead to market 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.
For instance, in 2017, Duke University
researchers created a ‘Pocket colposcope,' which eliminates the need for a
speculum and allows self-screening. This speculum-free colposcope allows images
to be viewed on a laptop or smartphone, making cervical cancer screening more
accessible to women in low-resource areas and the demand for colposcopes.
Furthermore, cancer prevention campaigns implemented by the government, equal
reimbursement strategies, and the introduction of newer technology will all
contribute to the Colposcopy industry's development.
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. Furthermore, in low-income countries, a
lack of knowledge of cervical cancer would restrain the evolution colposcope
market over the forecast period.
Colposcopy Market Landscape:
The Colposcopy Market's main strategies include product launches,
mergers and acquisitions, joint ventures, and regional expansion. 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.
Acquisitions/Product Launches:
- In September, 2020, MedGyn Products, Inc. acquired Thomas Medical. By continuing to offer trusted services and products in women's health, MedGyn is demonstrating its deep dedication to both patients and healthcare professionals. MedGyn's portfolio of US-made instruments for healthcare professionals around the world is bolstered by Thomas Medical's single-use HS Catheters and women's reproductive health product offerings.
Related Reports
Report Code: HCR 0197
Report Code: HCR 0055
For more Lifesciences and Healthcare Market reports - Please click here
1. Colposcopy Market - Overview
1.1 Definitions and Scope
2. Colposcopy Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Portability Type
2.3 Key trends by End Use
2.4 Key trends by Geography
3. Colposcopy Market - Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis– Key Companies
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis- Average Price
4. Colposcopy Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Colposcopy Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Colposcopy Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Colposcopy Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Colposcopy Market – By Portability Type (Market Size –$Million/$Billion)
8.1 Stationary
8.2 Fixed
8.3 Handheld
9. Colposcopy Market – By Device Type (Market Size –$Million/$Billion)
9.1 Digital
9.2 Optical
10. Colposcopy Market – By Application (Market Size –$Million/$Billion)
10.1 Oral
10.1.1 Submucous
10.1.2 Uvula
10.1.3 Others
10.2 Pelvic
10.2.1 Cervical Cancer Diagnosis
10.2.2 Physical Examination
10.2.3 Infectious Diseases
10.2.4 Others
11. Colposcopy Market – By End Use (Market Size –$Million/$Billion)
11.1 Hospitals/Clinics
11.2 Research Institutes
11.3 Diagnostic Centers
11.4 Ambulatory Surgical Centers
12. Colposcopy Market - By Geography (Market Size –$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Colposcopy Market - Entropy
14. Colposcopy Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key companies
14.1.3 Market Share by Countries – Key Companies
14.1.4 Best Practices for Companies
15. Colposcopy Market – Key Company List by Country Premium Premium
16. Colposcopy Market Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US Colposcopy Market Revenue, 2023-2030 ($M)2.Canada Colposcopy Market Revenue, 2023-2030 ($M)
3.Mexico Colposcopy Market Revenue, 2023-2030 ($M)
4.Brazil Colposcopy Market Revenue, 2023-2030 ($M)
5.Argentina Colposcopy Market Revenue, 2023-2030 ($M)
6.Peru Colposcopy Market Revenue, 2023-2030 ($M)
7.Colombia Colposcopy Market Revenue, 2023-2030 ($M)
8.Chile Colposcopy Market Revenue, 2023-2030 ($M)
9.Rest of South America Colposcopy Market Revenue, 2023-2030 ($M)
10.UK Colposcopy Market Revenue, 2023-2030 ($M)
11.Germany Colposcopy Market Revenue, 2023-2030 ($M)
12.France Colposcopy Market Revenue, 2023-2030 ($M)
13.Italy Colposcopy Market Revenue, 2023-2030 ($M)
14.Spain Colposcopy Market Revenue, 2023-2030 ($M)
15.Rest of Europe Colposcopy Market Revenue, 2023-2030 ($M)
16.China Colposcopy Market Revenue, 2023-2030 ($M)
17.India Colposcopy Market Revenue, 2023-2030 ($M)
18.Japan Colposcopy Market Revenue, 2023-2030 ($M)
19.South Korea Colposcopy Market Revenue, 2023-2030 ($M)
20.South Africa Colposcopy Market Revenue, 2023-2030 ($M)
21.North America Colposcopy By Application
22.South America Colposcopy By Application
23.Europe Colposcopy By Application
24.APAC Colposcopy By Application
25.MENA Colposcopy By Application
26.Karl Kaps GmbH Co. KG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Carl Zeiss, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cooper Surgical, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Dysis Medical Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.ATMOS MedizinTechnik GmbH Co. KG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Olympus Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.McKesson Medical-Surgical Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Chis Ecleris S.R.L., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Optomic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Seiler Instrument Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)