The Global Colposcopes Market is estimated to grow at a CAGR of 4.3% during the forecast period 2019-2026. The market research study presents that the colposcopes industry accounted $470 million in the year 2018 and is estimated to reach $661 million by the end of the year 2026.
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Colposcope is a special magnifying device that is used to examine vulva, vagina and cervix; and used to diagnose vulvar cancer, vaginal cancer, genital warts and cervical cancer. It is a primary device used in a procedure of colposcopy and there are different kinds of colposcopes available in the market such as stationery, handheld and portable.
The global colposcopes industry is driven by various growth factors such as technological innovations that supports the availability of innovative products in the market to provide ease, preciseness, efficiency and quick results of diagnose vulvar cancer, vaginal cancer, etc.; increase in prevalence of cervical cancer and other gynaecological disorders; and rise in awareness related to early warnings and symptoms of diseases. However, complications associated with the usage of colposcope and lack of skilled healthcare professionals will impede the market growth in the future period.
Segmentation Overview of the Global Colposcopes Market
The report on the global colposcopes market include the study across various market segments that include product type, application and end-user as the major market segments. These segments are further categorized into various sub-segments to study the market in detail.
The Portable Segment contributed ~75% of the total share of the Product Type Segment
The portable segment accounted to contribute ~3/4th of the total segment share in the product type segment of the global colposcopes market and is predicted to follow the same trend over the forecast period 2019-2026. The segment dominance is due to favourable properties of the type of product that include screening convenience and ease in sample handling.
Geographical Overview of the Global Colposcopes Market
The global colposcopes market is segmented on the basis of various geographical regions, such as:
As per the regional study, the North America colposcope market contributed ~50% share in the global marketplace in the year 2018 and is anticipated to maintain its dominance over the forecast period. The regional dominance is due to availability of trained medical professionals coupled with advanced healthcare facilities and increase in awareness related to early symptoms and timely detection of the disease. However, the APAC colposcope market is projected to grow at a CAGR of 6.1% during the forecast period, owing to technological advancements in healthcare systems of the region, favourable healthcare reforms and improved healthcare infrastructure.
Market Competition Insights
The Cooper Companies, Inc. (Wallach Surgical Devices), Seiler Instrument & Mfg. Co. Inc., Medgyn Products Inc., McKesson Corporation, Kernel Medical Equipment Co., Ltd., Karl Kaps Gmbh & Co. Kg, Gynex Corporation, Ecleris S.R.L., Danaher Corporation (Leica Microsystem) and Carl Zeiss AG are some key players included in the research study of the global colposcopes market. The market players are adopting various competitive strategies to withhold the maximum market share in the global colposcopes market.
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