Colposcopes Market Size Targets to Grow at a CAGR of of 4.3% & to Hit $661.4 Mn, by 2026
Pune, Maharashtra, India, September 29 2020 (Wiredrelease) Allied Analytics –:Growth of the Colposcopes market is attributed to increase in prevalence of cervical cancer across the globe. Furthermore, surge in awareness of early screening of gynecological disorders, launch of innovative products, and rise in adoption of Colposcopes are the other factors that contribute to the growth of the market
The global Colposcopes market size was valued at $470 million in 2018, and is projected to reach $661 million by 2026, registering a CAGR of 4.3%.
Colposcopy is a procedure to closely examine cervix, vagina, and vulva through a special magnifying device called a colposcope. Different forms of Colposcopes such as portable, handheld, and stationary are available in the Colposcopes market, which are used to diagnose cervical cancer, genital warts, vaginal cancer, and vulvar cancer.
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Increase in prevalence of cervical cancer and other gynecological disorders and technological innovations drive the growth of the global colposcopes market. However, unfulfilled requirements regarding usage of colposcopes hinder the market growth. On the other hand, surge in adoption of colposcopes in emerging countries present new pathways for growth in coming years.
Covid-19 Impact on the Global Colposcopes Market:
Colposcopes Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2019-2026). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.
Colposcopes Market Competitive Analysis:
The Cooper Companies Inc., McKesson Corporation, Karl Kaps Gmbh & Co. Kg., and Carl Zeiss AG are the key players involved in the portable colposcope market. Leisegang Colposcope, ZoomStar, ZoomScope, Colposcope KSK 150 FC, McKesson LUMEON and others are major brands available in market, These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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Colposcopes Market Segmentation:
The portable segment to continue its leadership position during the forecast period:
Based on product, the portable segment contributed to nearly three-fourths of the total share of the global colposcopes market in 2018, and is expected to continue its leadership position during the forecast period. This is due to ease in sample handling, screening convenience, and high adoption across the globe. Moreover, the handheld segment is expected to register the highest CAGR of 5.7% from 2019 to 2026, owing to improved test efficiency and productivity by lowering time and labor needed for collecting, processing, and reporting results.
The cervical cancer screening segment to maintain its dominant position in terms of revenue by 2026:
Based on application, the cervical cancer screening segment accounted for the highest market share of the global colposcopes market, holding more than four-fifths of the total market share in 2018, and is expected to maintain its dominant position in terms of revenue throughout the forecast period. However, this segment is estimated to grow at the highest CAGR of 4.5% from 2019 to 2026. This is attributed to rise in incidences of cervical cancer, increase in awareness regarding early screening of diseases, and availability of technologically advanced screening tools. The research also analyzes the physical examinations segment.
Colposcopes Market Regional Analysis:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
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