Global Colposcope Market Is Expanding Owing To Rising Technological Advancements And Growing Incidences Of Cervical Cancer

Colposcope Market
Colposcope Market

Overview:

A handheld colposcope is a magnifying device that allows the healthcare provider to view the cells on the cervix in a very close way. There are multiple options for this type of device, including different lens types, computer-generated images, light filters and even cameras to capture images or videos. If cervical cancer screening test results show abnormal cells, a colposcope can help the healthcare provider identify them.

This procedure is important as it allows the provider to take samples of the cell changes in select areas on the cervix and send them for laboratory testing. This helps to prevent cancer or precancer from advancing. Mild abnormalities may not need treatment, but if the doctor finds a problem, they can perform large loop excision of the transformation zone (LLETZ), a simple procedure to remove abnormal cells while preserving as much normal tissue as possible. This is done under a local anesthetic. Complications of LLETZ are rare, and include cervical narrowing or stenosis, and bleeding.

Market Dynamics:

Increasing product launches are estimated to augment growth of the global Colposcope Market during the forecast period. For instance, DYSIS Medical Inc. launched a compact and portable colposcope DYSIS View, in July 2021. This colposcope will help healthcare professionals in detecting cervical lesions more clearly. Moreover, lack of skilled professionals and rising costs of treatment are anticipated to restrain growth of the global colposcope for market during the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. The pandemic led to shutting down of manufacturing units across the world. Several manufacturers had to halt their operations owing to shortage of raw materials and disruptions in supply chains. Automobile, electronics, semiconductors, medical equipment, food and beverage sectors were facing huge challenges in conducting manufacturing activities. Even hospitals were focusing on treating COVID-19 patients. Other treatments were either delayed or postponed due to the pandemic. This had a negative impact on the growth and development of global Colposcope Market. Thus, the pandemic had a negative impact on the growth of the market.

Key Takeaways:

The global Colposcope Market is expected to witness robust growth, exhibiting CAGR of 4.8 % over the forecast period, due to increasing acquisitions by key players.

For instance, Seiler Instrument & MFG.Co., Inc, acquired the assets of Precision Midwest in January 2022. North America is anticipated to witness robust growth in the global colposcope for market during the forecast period, due to growing healthcare expenditure and increasing prevalence of cervical cancer.

Key players active in the global Colposcope Market are Seiler Instrument Inc., Kaps GmbH & Co. KG, Optomic, Carl Zeiss Meditec AG, CooperSurgical, Inc, Ecleris, DYSIS Medical Inc, McKesson Medical-Surgical Inc., and TMOS Medizin Technik GmbH & Co. KG.

Comments

Popular posts from this blog

Sarcopenia Treatment; Training and Physical Exercise Is Key to Counteract Sarcopenia

U.S. FDA Has Approved Several Colon and Rectal Cancer Drugs to Treat Colon and Rectal Cancer

Patient-Centered Medical Home; Is Used To Offer High-Standard, Inexpensive Primary Care