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Cervical Cancer Screening Market Worth $22 Billion by 2020

DALLAS, March 20, 2015 /PRNewswire/ --

According to a new market research report " The Cervical Cancer Screening Market by Test Type (PAP, HPV), Kit Type (PAP, HPV), End User (Hospitals, Laboratories, Physicians' Offices & Clinics) -Global Forecast to 2020", published by MarketsandMarkets, The Cervical Cancer Screening Market is expected to reach around $22 Billion by 2020 with a CAGR of 7% during the forecast period (2015 to 2020).

Browse 61 market data tables and 24 figures spread through 200 pages and in-depth TOC on "Cervical Cancer Screening Market"

Early buyers will receive 10% customization on this report. 

The Cervical Cancer Screening Market is poised to reach ~$22 Billion by 2020 from ~$15 Billion in 2014, at an estimated CAGR of 7.0% from 2015 to 2020. Factors such as rising prevalence of cervical cancer and favorable government initiatives and funding to increase disease awareness are driving the Global cervical cancer screening market. However, the availability of HPV vaccines, uncertain reimbursement rates, and changes in regulatory guidelines are hindering the growth of this market.

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The Cervical Cancer Screening Market is segmented on the basis of test types, end users, and geographies. Based on test type, the cervical cancer screening market is segmented into pap tests and HPV/co tests. Among both, the HPV/co-test is estimated to grow at a higher CAGR during the forecast period. This growth can largely be attributed to the growing incidences of cervical cancer, higher consistency and effectiveness of HPV tests and co-tests that reduce the annual cost of the treatment and changing regulatory guidelines in favor of HPV tests.

On the basis end users, the 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.

On the basis of geography, the Cervical Cancer Screening Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, North America accounted for the largest share of the cervical cancer screening market, followed by Europe. Both these markets are estimated to register single-digit growth rates over the next five years. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities in this region. Growth of the cervical cancer screening market in the Asia-Pacific region will revolve around China, India, Australia, and countries in the Middle East.

The key players in the Cervical Cancer Screening Tests and Kits Market are Hologic (U.S.), Qiagen N.V. (Netherlands), Becton, Dickinson and Company (U.S.), and Hoffman-La Roche (Switzerland).

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