Pap Test Market: Current Analysis and Forecast (2022-2028)
Emphasis on Method (Liquid-based and Conventional-based); Test Type (Pap Smear, Primary HPV Screening, Co-Testing, and Follow-Up Test for HPV); Application (Cervical Cancer Screening, Vaginal Cancer Screening, and Others); Product (Instruments, Consumables, and Others); Technology (PCR and Others); End User (Research Laboratories, Diagnostic Centers, Hospitals & Clinics, and Others); and Region/Country.
Global Pap Test Market is expected to grow at a significant rate of around 11.4% during the forecast period. Pap test is a process in which cells from the surface of the cervix and the vicinity are gently removed with a little brush so that they can be examined under a microscope for cervical cancer or cell alterations that may result in cervical cancer. Other disorders, including as infections or inflammation, can also be discovered with a pap test. It is typically performed concurrently with a pelvic examination and may also be concurrent with a test for specific forms of human papillomavirus (HPV), also known as the Papanicolaou test and Pap smear. The market for pap test is expected to grow significantly owing to the increasing number of HPV cases and rising awareness regarding cervical cancers. For instance, diagnosed in more than 90% of cervical cancers, the fourth deadliest cancer in women, HPV is currently the most common pathogen responsible for female cancers, as per the study conducted on the estimated lifetime probability of acquiring human papillomavirus in the United States.
Abbott, F. Hoffmann-La Roche Ltd., BD, QIAGEN, Thermo Fisher Scientific Inc., HOLOGIC, INC., Seegene Inc., Arbor Vita Corporation, Femasys Inc., Hospital Equipment Mfg. Co. 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 method, liquid-based segment held a dominant share during the forecast period”
Based on the method, the market is segmented into liquid-based and conventional-based. The liquid-based segment held a dominant share of the market in 2021. The major reason for the growth in this segment is attributed to the advantages that are offered by these methods. Liquid-based methods have been developed to improve the diagnostic reliability of Papanicolaou (Pap) smears. Traditional methods such as conventional pap smears used to have false-negative and false-positive results owing to inefficient sampling and slide preparation, and errors in laboratory detection and interpretation. Liquid-based methods rinse cervical cells in preservatives so that blood and other potentially obscuring material can be easily separated. It also allows for additional testing of the sample, such as HPV, leading to the growth of the pap test market.
“Amongst application, the vaginal cancer screening category is expected to grow with high CAGR in 2021”
Basis of application, the market is segmented into cervical cancer screening, vaginal cancer screening, and others. In 2021, the vaginal cancer screening category is expected to grow with high CAGR attributed to rising cases and high mortality rates of vaginal cancer that have propelled the demand for effective screening tests. For instance, as per a 2018 report by the American Cancer Society, an estimated 1 out of every 1,100 women is likely to develop vaginal cancer. In 2018, 5,350 women were diagnosed with vaginal cancer in the U.S. and the number of vaginal cancer-related deaths in the U.S. was 1,430 in the same year.
“Amongst end user, home setting segment to witness significant CAGR during the forecast period”
Based on end user, the market is segmented into research laboratories, diagnostic centers, hospitals & clinics, and others. The diagnostic centers segment is expected to witness significant CAGR during the forecast period due to the rising women population suffering with cervical cancer and surge in demand for diagnosis and detection of the disease.
Pap Test Market Report Coverage
“North America to hold a significant share in the market”
In 2021, North America held a significant share of the global pap test market mainly due to a surge in the cases of cervical cancers, leading to the need for rising technological advancement related to the early screening for cancers during the forecast period. Technological development such as culmination of AI and big data have been used to improve the accuracy and efficiency of cervical cancer screening and automation may help overcome the labor-intensive and subjective interpretation of cellular morphology. Products from key players such as SurePath, ThinPrep, and FocalPoint GS Imaging are now commonly being used in clinical practice. Thus, these factors are driving the regional market in the forecast period.
Reasons to buy this report:
- 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:
The global pap test market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Pap Test Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global pap test market were the three major steps undertaken to create and analyze the adoption of pap test 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 pap test 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 of 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 pap test market through company internal sources such as annual reports & 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 pap test market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as the method, test type, application, product, technology, and end-user. 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 pap test market. Further, we conducted factor analysis using dependent and independent variables such as various methods, test type, application, product, technology, and end-user of pap test. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pap test 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 pap test 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 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 pap test market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global pap test market in terms of products 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, 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
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pap test market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of method, test type, application, product, technology, and end-user in the global pap test market.
The Main Objective of the Global Pap Test Market Study
The current & future market trends of the global pap test market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends 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 from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the pap test 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 method, test type, application, product, technology, and end-user.
- Define and analysis of the regulatory framework for the pap test 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 pap test market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the pap test 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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