Colposcopy Market Overview:
A colposcopy is basically a surgical instrument similar to an electric microscope with a source of light that allows gynecologists to examine the vagina and cervix more clearly and under proper magnification. The rising prevalence of cervical cancer around the globe is the primary factor driving the growth of the colposcopy market.
The Global Colposcopy Market is expected to gain prominence over the forecast period (2018–2023). It is estimated that the global colposcopy market is expected to register a CAGR of ~6.8% during the forecast period, 2018–2023.
Despite these drivers, factors such as high installation cost of this device and lack of skilled clinical users to operate colposcopes are likely to restrain the growth of the market.
- Carl Zeiss
- Olympus Corporation
- Danaher Corporation
- Philips Healthcare
- McKesson Corporation
- DYSIS Medical
- Seliga Microscopes
- Karl Kaps
- Bovie Medical
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The global colposcopy market is segmented on the basis of instrument type, instrument portability, application, and end-users.
On the basis of instrument type, the market is classified into optical colposcopes and digital colposcopes.
On the basis of instrument portability, the market is classified into portable, fixed, and handheld.
On the basis of application, the market is classified as cervical cancer screening, physical examinations, and others.
On the basis of magnification type, the market is classified into fixed magnification and variable magnification
On the basis of end-user, the market is classified into hospitals, clinics, diagnostic centers, and others.
Geographically, the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The American colposcopy market is further segmented into North America and South America. North America is further classified as the US and Canada.
The European colposcopy market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, the UK, Italy, Spain, and the Rest of Western Europe.
The colposcopy market in Asia-Pacific is segmented into Japan, China, India, the Republic of Korea, Australia, and the Rest of Asia-Pacific.
The Middle Eastern and African colposcopy market is segmented into the Middle East and Africa.
The Americas is likely to dominate the global colposcopy market owing to the rising awareness programmes by NGOs for the treatment and diagnosis of cervical cancer. Besides this, the continuous launch of diagnostic equipment for the detection of cancer by leading manufacturers has also propelled the growth of the colposcopy market.
Europe is likely to hold the second position in the global colposcopy market. The market growth is attributed to the advantages of portable colposcopes, which include ease of installation and movement within medical settings, stable cervix examinations, the ability to produce high-definition images, and better result reproducibility.
Asia-Pacific is the fastest growing market owing to the huge patient pool with chronic diseases and increasing healthcare expenditure. For instance, according to the Government of the Hong Kong Special Administrative Region, cervical cancer was found to be the seventh most common cancer among females with 500 new cases in 2015 in Hong Kong.
The Middle Eastern and African colposcopy market is expected to grow slowly during the forecast period. Moreover, in this region, the Middle East accounts for the largest share owing to the increasing presence of prominent market players in the recent years.
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