iData Research, a global consulting and market research firm, has released exclusive research on the colposcopy and hysteroscopy markets, addressing key insights and the consequences of COVID-19 on these sectors in 2021 and beyond. While both markets are down from previous years, industry forecasts show increased procedures, gathered by iData, and advancing video technologies, will lead to a strong recovery moving forwards.
According to iData’s Global Report for Colposcopy and Hysteroscopy Devices, the combined global market was estimated at over $110 million for 2020. Both markets significantly declined in 2020 following the global COVID-19 pandemic and drop in procedural volume, however, both have started to increase moving into 2021 and are expected to reach almost $250 million by 2027. This report contains a global market analysis of over 70 countries and includes unit sales, average selling prices, market drivers and limiters, a competitive market share analysis, and more.
iData’s analysis covers both the colposcopy as well as rigid, and flexible hysteroscopy markets in extensive detail. Both of these markets are mature and stable, as growth is mainly driven by repurchase sales. Within the colposcope market, unit sales are dependent on the volume of procedures performed. Because of this, there is a distinction between lower-end and higher-end systems with visible segmentation.
“In 2020, fewer patients were receiving colposcopy and hysteroscopy procedures due to the COVID-19 pandemic”, Dr. Kamran Zamanian, Senior Partner and CEO of iData Research mentions, “but as vaccines get administered, procedures and advancing technologies are increasing and encouraging growth.”
Among the many competitors within these global markets, Karl Storz, Cooper Surgical, and Olympus are the leaders followed by Carl Zeiss and Stryker. Richard Wolf, Bovie Medical, Kaps Optik, and Medtronic are trailing the leaders by a substantial margin, pushing for a larger share of the global market. There is a multitude of other competitors analyzed within this report which have one or more products offered in this space.
To accurately estimate market shares, units sold, average selling prices, product segments, and brands as well as procedural volumes, iData Research uses its proprietary market and procedure databases, as well as hospital purchase order data to complement its primary and secondary research initiatives.