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Global Colposcopes Market to Grow at a CAGR of 5.3% During 2021-2026, Aided by the Increasing Prevalence of Cervical Cancer

According to a new report by EMR titled, ‘Global Colposcopes Market Report and Forecast 2021-2026’, the market attained a value of USD 551 million in 2020. The industry is further expected to grow at a CAGR of 5.3% in the forecast period of 2021-2026 to reach a value of USD 751 million by 2026.

The global colposcopes industry is being driven by the benefits attached to the procedure of colposcopy. Colposcopy is a procedure which does not involve any invasion or pain and hence, is seen as an attractive option by most of the people. Additionally, the growing usage of colposcopes for gynaecological screening is expected to propel the market in the long run. Moreover, the developing countries of the world present the case of a practically untapped market for colposcopes, which can be utilised to the fullest extent in the years to come. Furthermore, the portable segment of the market is anticipated to dominate the industry in the coming years, owing to the convenience of screening as well as the simplicity of handling.

With increasing competition among the major players in the colposcopes industry, such as Cooper Surgical, Inc., a business unit of Cooper Companies Inc (NYSE: COO), Karl Kaps GmbH & Co. KG, and Olympus Corporation, among others, the launch of new and innovative products has become a key focus of the manufacturers in order to attract potential customers. For instance, Karl Kaps GmbH & Co. developed Kaps KP 3000, which is a great option for routine daily diagnosis. Moreover, this product offers great economic value while maintaining impressive standards of quality. Furthermore, the flexibility and ease of handling of the product make it one of the most attractive options in the market. Hence, such developments are expected to aid the market in the near future.

Market Analysis by Modality, Portability, Application, End Use, and Region:

  • The market on the basis of modality can be divided into optical and digital.
  • By portability, the industry can be divided into portable, fixed, and handheld.
  • Based on  application, the market is divided into physical examinations, cervical cancer, and others.
  • On the basis of end use, the industry can be segmented into hospitals, ambulatory surgical centre, specialty clinics, and others.
  • The regional markets for colposcopes include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing prevalence of cervical cancer is a key driver for the market.
  • The growing demand for colposcopes in developing countries is expected to further propel the market growth.
  • The increasing demand for handheld devices is expected to aid the handheld segment growth, thus, propelling the overall market.
  • The Asia Pacific is expected to provide the industry with immense growth opportunities over the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for colposcopes  for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the modalities, portability, applications, end uses, and regions of colposcopes.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global colposcopes market are Cooper Surgical, Inc., Karl Kaps GmbH & Co. KG, Medgyn Products, Inc., Olympus Corporation, Seiler Instrument, Inc., and Gynex Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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