Colposcopy Market: Current Analysis and Forecast (2021-2027)
Emphasis on Instrument Type (Optical, Digital); Instrument Portability (Portable, Fixed, Hand-Held); End-User (Hospitals and Clinics, Diagnostics Center, Others); Region/Country
The colposcopy market is expected to register a CAGR of around 5% over the period of 2021-2027. Colposcopy is a test to examine the cervix in detail. The cervix is the opening from the vagina to the uterus. Colposcopy is often done when a cervical screening reveals cellular changes caused by a particular type of human papillomavirus (HPV). These altered cells can turn into cervical cancer cells. With colposcopy, a smooth tubular instrument (scope) is gently inserted into the vagina to open it. Then use a microscope to examine the cervix in detail. The microscope stays outside the body. The rising demand for colposcopy is because of the increasing technological advancements in gynecological devices in testing and diagnosis. In addition, the rising prevalence of cervical cancer in women is contributing to the growth of the colposcopy market. For instance, according to the American Cancer Society, about 14,100 new cases of invasive cervical cancer will be diagnosed and about 4,280 women will die from cervical cancer. Furthermore, the high demand for early diagnostic techniques and increasing government initiatives for women’s health are expected to drive the market.
Kaps GmbH & Co. KG, Carl Zeiss Meditec AG, CooperSurgical, Inc, DYSIS Medical Inc, ATMOS Medizin Technik GmbH & Co. KG, Olympus Corporation, McKesson Medical-Surgical Inc., Ecleris, Optomic, Seiler Instrument Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Instrument Type, the optical category accounted for the majority share in the market in 2020”
Based on instrument type, the market is classified into optical and digital. Amongst Instrument types, the optical category accounted for a significant share of the market. The adoption of the optical colposcope is high in developing countries because of its high affordability and low maintenance. Colposcopy using an optical colposcope tends to make colposcopy easier with fewer cervical examination failures. Optical colposcopes are becoming more and more popular in developing countries. Some other factors which drive the market are price, ease of manufacture, and minimal maintenance.
“Among Instrument Portability, the portable is expected to witness highest CAGR during the forecast period”
Based on instrument portability, the market is categorized into portable, fixed, and hand-held. Among these, the portable is expected to witness the highest CAGR during the forecast period owing to the advantages of portable colposcopy such as ease of installation and movement within medical settings and better result reproducibility. Furthermore, the other advantages of using portable instruments are the ability to produce high-definition images and stable cervix examinations.
“Among End-Users, the hospitals and clinics is expected to witness highest CAGR during the forecast period”
Based on end-users, the market is categorized into hospitals and clinics, diagnostic centers, and others. Among these, the hospitals and clinics are expected to witness the highest CAGR during the forecast period. Hospitals are well-equipped with necessary instruments used for the screening of the cervix for the detection of any precancerous and cancerous growth. Furthermore, High acceptance rates for technologically advanced biopsy and utilization of colposcopy for early diagnosis of cervical cancer will increase the number of diagnoses carried out in hospital settings.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the colposcopy market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the colposcopy market industry in 2020 owing to strong healthcare infrastructure and growing adoption of colposcopy in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Global Colposcopy Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global colposcopy market were the three major steps undertaken to create and analyze the adoption of colposcopy in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global colposcopy market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the colposcopy market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the colposcopy market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as instrument type, instrument portability, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the colposcopy market. Further, we conducted factor analysis using dependent and independent variables such as various instrument types, instrument portability, and end-users of colposcopy. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the colposcopy market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global colposcopy market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the colposcopy market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global colposcopy market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global colposcopy market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of instrument type, instrument portability, and end-users in the global colposcopy market.
The main objective of the Global Colposcopy Market Study
The current & future market trends of global colposcopy market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of colposcopy market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of instrument type, instrument portability, and end-users
- Define and analysis of the regulatory framework for the colposcopy market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the colposcopy market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the colposcopy market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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