Colposcopy Market Trends

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