The Cervical Cancer Screening Market Anticipated to Reach $22 Billion by 2020

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On the basis end users, cervical cancer screening market is classified into hospitals, laboratories and independent physicians’ offices and clinics. The laboratories segment accounted for the largest share in 2014, while the hospitals segment is estimated to grow at a faster rate due to the increasing volume of patients in hospitals. http://www.marketsandmarkets.com/Market-Reports/cervical-cancer-screening-market-10110147.html

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The Key Players are Hologic (U.S.), Qiagen N.V. (Netherlands), Becton, Dickinson and Company (U.S.) and Hoffman-La Roche (Switzerland).

Rising prevalence rate of Cervical Cancer, High Incidence rate of HPV infection, Increasing number of Awareness Programs and Government Initiatives and Funding to Drive Growth of the Microscopy Market

Developing markets such as Middle East, Brazil, Argentina, Mexico, China, India and Malaysia are lucrative markets for global cervical cancer screening, owing to favorable government incentives and corporate funding.

The report segments the global cervical cancer screening market by test type, end user and geography. Based on type of test, the global cervical cancer screening market is segmented into PAP test and HPV test/co-testing. PAP test is largest segment in this market. However, HPV/co-test will be the fastest-growing product segment during the forecast period.

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Growth in aging female population and rising prevalence rate of cervical cancer, high incidence rate of
HPV infection, increasing number of awareness programs cervical cancer screening and government initiatives and funding are propelling the growth of these segments. Laboratories segment is the major end users of the global cervical cancer screening market in 2014.

New and innovative product launches, acquisition and strategic alliances was found to be a dominant strategy adopted by key industry participants to increase their market share and cater to the unmet market needs.

From an insight perspective, this research report focuses on the qualitative data, market size and growth of various segments and subsegments, competitive landscape and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities and threats). The report also offers market sizes and related growth of various segments in the industry. It also focuses on the emerging and high-growth segments of the global cervical cancer screening market, high-growth regions and the initiatives of respective governments. The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the key players in the global cervical cancer screening market and the product portfolios, developments and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size and forecast of future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies and levels of output in order to remain successful.

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