Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Colposcopy Market size was over USD 535.92 billion in 2024 and is anticipated to exceed USD 945.32 billion by the end of 2037, growing at over 4.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of colposcopy is evaluated at USD 555.21 billion.
The rising cases of cervical cancer increased the need for colposcopy for the evaluation and diagnosis of cancer, therefore it will drive market expansion. In the world, there were around 604,000 new cases of cervical cancer and 342,000 deaths are attributed to it in 2020. Cervical cancer is standing at the fourth most spread cancer in the world.
Cervical cancer is mainly caused by human papillomavirus (HPV). There are over 100 types of HPV, and out of them certain lead to the development of severe cervical cancer. Women carrying HPV are in dire need to go through a colonoscopy to detect the occurrence of cancer of the cervix. Nine out of ten cervical malignancies are caused by the human papillomavirus (HPV). The technological advancement in the colposcopy industry will augment the market gain. For instance, in 2022, the Mid Yorkshire Hospitals NHS Trust introduced an advanced digital system for the colposcopy service. It enables enhances collection of information, digital image capture, and interfacing with the digital clinical systems.
Colposcopy Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Population of Old Females –With the rising population of older women, the screening guidelines are evolving with time. Many countries’ guidelines have been updated to recommend cervical cancer screening for older females, beyond the age of 65 or 70. Older women are at risk and can benefit from colposcopy. In the year 2000, around 11% of the global female population was of 60 or older. Moreover, there will be 604 million elderly women in the world by 2025.
- Rising Government Policies for Women Health– World Health Organization established the Global Strategy to Accelerate Cervical Cancer Elimination in 2021, a treatable and preventable illness that especially impacts women in low- and middle-income countries. All these initiatives can provide guidelines on when and how often women should undergo colposcopy. By promoting regular screenings, the government can increase the demand for colposcopy services.
- Increasing Economic Power of Women- As women’s economic power and financial independence increase, they are more likely to allocate a larger portion of their income to their health, including preventive screening. This can lead to increased demand for colposcopy services as part of routine gynecological care.
Challenges
- Harmful Impact on Women’s Health – In some fortunate incidents, if the equipment is not sterilized carefully, it can lead to severe bleeding and infection, followed by discomfort in the abdomen and pelvic area. Moreover, if colposcopy is done on pregnant females, it can lead to premature labor. All these factors are likely to hamper the market growth.
- Lack of Qualified Experts
- High Cost of Installing the Setup
Colposcopy Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.6% |
|
Base Year Market Size (2024) |
USD 535.92 billion |
|
Forecast Year Market Size (2037) |
USD 945.32 billion |
|
Regional Scope |
|
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Customize this ReportColposcopy Industry- Regional Synopsis
North American Market Forecast
The colposcopy market in North America is set to be the largest with a share of almost 32% in 2037. The growing prevalence of cervical cancer will augment the market widening. Colposcopy allows for a closer examination of the cervix to assess the extent and severity of any abnormality. According to the American Cancer Society, 13,960 women in the United States will be diagnosed with cervical cancer in 2023, with 4,310 dying from it. Moreover, in the United States, every year around 13,000 cases of cervical cancer have been reported and nearly 4000 women die of this disease.
APAC Market Analysis
The Asia Pacific colposcopy market is estimated to register close to 27% by 2037. The rising initiatives by the government to focus on women’s health will drive market size in the region. Under the Ayushman Bharat Health and Wellness Centers, the government set up around 77000 health and wellness centers all across the country. This center focuses on screening preventable and non-communicable diseases among women. Moreover, in the fiscal year 20-21, USD 270 million has been set out under the National Health Mission for various Maternal Health Initiatives. Government policies increase public awareness campaigns to educate women about the importance of cervical cancer screening, including the use of colposcopy.
Top Featured Companies Dominating the Colposcopy Landscape
- Karl Kaps GmbH & Co. KG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Carl Zeiss Meditec AG
- CooperSurgical, Inc
- DYSIS Medical Inc
- ATMOS Medizin Technik GmbH & Co. KG
- Olympus Corporation
- McKesson Medical-Surgical Inc.
- Inline Systems
- Optomic
- Seiler Instrument & Manufacturing Company Inc.
In the News
- Dysis Medical Inc. announced the launch of DYSIS View. It is a portable, compact, and colposcope. In this cervical mapping is aided by computer technology, and enables healthcare professionals to analyze and evaluate the early lesions of cervical cancer more clearly.
- Olympus Corporation announced the acquisition of Odin Vision, an AI-cloud endoscopy startup. It is a provider of computer-aided detection (CAD) solutions.
Author Credits: Radhika Pawar
- Report ID: 5011
- Published Date: Oct 14, 2024
- Report Format: PDF, PPT
