Global Colposcopes Market 2017-2021

Colposcopes market growth and forecast

According to the colposcopes market analysis, Technavio’s market research analyst predicts the global colposcopes market to grow steadily at a CAGR of above 5% by 2021. One of the major drivers for this market is the rapidly growing technological advances in the colposcopes market. The growing technological advances are expected to fuel the adoption of colposcopes among end-users.

Conventional colposcopes cannot detect smaller, high-grade lesions present in individuals with poor cytology results. Therefore, the vendors have focused on developing advanced colposcopes to address this challenge. This has paved the way for the shift from optical colposcopes to digital video scopes. Also, it assists the clinicians with the process of evaluating the cervix and selecting the biopsy sites if required. These technological advances in colposcope will propel the global colposcopes market size during the forecast period.

Colposcopes market forecast as per regions

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Large old-aged population and the prevalence of various chronic gynecologic conditions is the major factor contributing to the colposcopes market in the region. Also, an increasing number of physicians are recommending colposcopy owing to its accuracy in diagnosing various types of tumors. Moreover, the growing incidence of cervical cancer in the Americas will drive the market growth in the coming years.

Colposcopes market worth: Competitive landscape and key vendors

The global colposcopes market is highly fragmented with the presence of large (Tier 1), medium (Tier 2) and small (Tier 3) companies. The established player in the market holds significant parts of the market share. To survive the intensifying competition, players are focussing on technological advancements and innovation. Key players compete on the basis of aggressive pricing, fewer needle injuries, safety features, convenient use, technology upgrades, marketing strategies, and better distribution channels

Leading vendors in the colposcopes market

• CooperSurgical
• Edan Instruments
• Kernel Medical Equipment
• MedGyn Products
• Wallach Surgical

Colposcopes market segmentation by product

• Optical colposcope
• Video colposcope

During 2016, the optical colposcope dominated the colposcopes market and accounted for a major part of the overall market share. Factors such as the established market presence of optical colposcopes owing to first mover advantage and low cost of optical colposcope are the key contributors to the dominance of this segment in the global market.

Colposcopes market segmentation by end-user

• Hospitals
• Diagnostic laboratories
• Gynaecology clinics

In this market study, analysts have estimated the hospital's segment to dominate the colposcopes market during the forecast period. Factors such as procurement of medical devices and consumables on bulk and a higher number of patients to cater are the major factors responsible for the growth of this segment in the colposcope market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global colposcopes market?
• What are the key market trends impacting the growth of the global colposcopes market?
• What are the challenges to market growth?
• Who are the key vendors in the global colposcopes market?
• What are the market opportunities and threats faced by the vendors in the global colposcopes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global colposcopes market?

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