Colposcopy Market to Grow at 7% CAGR to 2023 - Projected to Reach US$ 740.1 Million

Report analyses colposcopy market by instrument type, instrument portability, application, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, report also provides a competitive landscape that covers growth strategies adopted by industry players over last three years.

On the other hand, availability of alternative methods is expected to limit market growth during the forecast period. Lack of skilled clinical professionals may also challenge market growth to a certain extent.

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Colposcopy market is expected to reach USD 740.1 Million by 2023 from USD 532.6 Million in 2018, at a CAGR of 6.8%. Market growth can largely be attributed to factors like heavy burden of cervical cancer, rapidly growing geriatric population, and technological advancements in colposcopy. Increasing awareness about gynecological diseases & emerging Asian markets are expected to present a wide array of growth opportunities for players in market.

The key players in the Colposcopy market include DySIS (US), CooperSurgical (US), Atmos (Germany), Olympus (Japan), Karl Kaps (Germany), McKesson (US), Danaher (US), and Carl Zeiss (Germany).

The colposcopy market has been bifurcated into stationary and handheld systems. Stationary systems dominated the market in 2018. They are traditional equipment, which are available at lower prices than their countertype, thereby increasing their demands in organizations with limited budgets.

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Colposcopy market by instrument portability is segmented into portable, fixed, and handheld colposcopes. Portable colposcopes segment estimated to account for largest share of global colposcopy market in 2018. Large share of this segment can be attributed to advantages of portable colposcopes, which include ease of installation and movement within medical settings, better result reproducibility, and the ability to produce high-definition images and stable cervix examinations.

The primary factor driving the growth of colposcope market is the rising prevalence of cervical cancer around the globe. Technological advancement the colposcope such as high-quality video and improved accuracy in detection have upsurge the growth of this market. The continuous launch of diagnostic equipment for the detection of cancer by leading manufacturer also driving the growth of colposcope market.

The Colposcopy Market is segmented on the basis of instrument type into optical colposcopes and digital colposcopes. In 2018, the optical colposcope segment is expected to account for the largest share of the Colposcopy Market. The large share of this segment can be attributed to advantages such as easy installation and low cost of these instruments.

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Colposcopy Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to dominate the Colposcopy Market in 2018 and this trend is likely to continue during the forecast period. The large share of this segment can primarily be attributed to the high burden of cervical cancer, availability of technologically advanced screening tools, the presence of major players in this region, and the presence of quality healthcare infrastructure.

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This release was published on openPR.