Global Colposcope Market, by mounting style (tilt base, rolling base, wall mounted, swing arm), magnification type (fixed magnification, variable magnification) and end-user (hospital, ambulatory surgical center, specialty clinics, research and academics)
According to a new report published by Reports Monitor titled, “Colposcope Market By Mounting Style, Magnification Type & End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the colposcope market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific region dominates the colposcope market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A colposcope is a surgical instrument similar to electric microscope with bright source of light which allows gynecologist to examine the cervix and vagina more clearly and under proper magnification. Basically, colposcope is used for diagnosis of cervical cancer, vaginal cancer and inflammation of the cervix. The advance colposcope has a high-resolution camera and electronic green filter which allow doctors examine the vagina or cervical on the screen. Colposcopy is a method of examining cervix vagina and vulva to detect cervical cancer by using colposcope. In this process, gynecologist places the metal speculum of colposcope in the vagina which opens the wall of vagina result the clear vision of cervix bright light is shined through the lens and proper visualization can be done using the binoculars. Colposcope is designed in such a way that it can be easily handled by clinical user who even has less experience.
Rising demand of colposcope for diagnosis, development and advancement in colposcope devices, increasing number of the cervical cancer patients, and rise in global geriatric population around the globe would be the major driver for colposcope market. Also, technical advancement like high-quality video and improved accuracy in detection helps to develop colposcope market.
The market is also witnessing restraints or challenges such as development of other diagnostic procedures and technologies and stiff competition among existing colposcope device manufacturers. Moreover, product recalls, government regulations for reduction of overall health care cost, and subsequent upswing in bulk purchasing through INHs and GPOs (Group Purchasing Organizations) are restraining the market.
North American region will be leading the highest market share in colposcope market across the globe due to high healthcare infrastructure. Europe and Asia-Pacific regions will follow the market. In Asia-Pacific region, India and China are expected to show rapid growth due to high population rate. However, MEA is expected show least growth for colposcope market due to lack of awareness regarding cervical cancer.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global colposcope market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Cooper Surgical, Edan Instruments, Inc., Kernel Medical Equipment Co. Ltd., MedGyn Products, Inc., Wallach Surgical Devices, Alltion (Wuzhou) Co. Ltd., ATMOS MedizinTechnik GmbH & Co. KG, BOVIE MEDICAL, Carl Zeiss Meditec, Inc., DYSIS Medical.
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