Vaginal Specula Market is Expected To Reach USD 1,106.5 Million By 2028 at a CAGR of 3.2%

Growing prevalence of cervical cancer is one of the significant factors influencing market growth.

The global vaginal specula market is expected to reach USD 1,106.5 Million by 2028, according to a new report by Reports and Data. Growing use of vaginal specula in gynecology diagnosis is one of the significant factors influencing market growth. Cervical cancer is one of the most common causes of cancer in women, with over 500,000 new cases taking place per year across the globe. Cervical cancer is generally diagnosed between the age range of 35 years and 44 years. Approximately 15.0% of women aged above 65 years are diagnosed with cervical cancer. In 2019, over 13,000 women in the U.S. were diagnosed with invasive cervical cancer. Occurrence rates for the disease fell by over 50% between 1975 and 2015 owing partially to an increase in screening, which can detect cervical changes before becoming cancerous. Survival rates in cases of cervical cancer depend on several factors, such as the diagnosis stage of cervical cancer. When diagnosed at an early stage, the survival rate is around 92.0% for women having invasive cervical cancer.

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Growing awareness in women about gynecological diseases across the globe along with increased spending on personal health and regular checkups, is expected to drive the market demand. Also, increased healthcare infrastructure facilities in developing countries, along with growing government initiatives to spread awareness about different types of cancer prevailing in women are fueling the growth of the market in the forecast period.

Further key findings from the report suggest

  • By raw materials, plastics are estimated to witness a faster growth rate in the period 2019-2027.
  • By product type, two blade vaginal specula contributed to the largest market share in 2018. The two blades of this product facilitate its entry in its final position where they can be positioned by a screw mechanism, to enable the operator to perform diagnosis/surgery while keeping the blades apart.
  • By usability, disposable vaginal specula held a major market share in 2018 and is estimated to grow at a rate of 3.7% in the forecast period. The high demand for disposable vaginal specula is owing to higher usage frequency and chances of decreased infection risk.
  • By end-users, hospital accounted for the largest market share in 2018 and projected to grow at a rate of 3.0% in the forecast period. The high market share of hospitals & clinics is owing to higher purchasing power of hospitals, well-resourced diagnostic rooms, and availability of proficient healthcare professionals, among others.
  • North America held the largest market size in 2018 and is anticipated to witness a growth rate of 3.2% in the forecast period. The market dominance of North America is due to the growing prevalence of cervical cancer, well-established healthcare facilities, supportive government initiatives for screening cervical cancer, and the presence of leading market players.

The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

CooperSurgical Inc., Welch Allyn, Becton, Dickinson and Company, B. Braun Melsungen AG, Teleflex Inc., Integra Lifesciences, Robinson Healthcare, Dynarex Corporation, Steris, and OBP Medical Corporation, among others.

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Vaginal Specula Market Segmentation:

Raw Material Outlook (Revenue, USD Million; 2018-2028)

  • Metals
  • Plastics

Product Type Outlook (Revenue, USD Million; 2018-2028)

  • One Blade Vaginal Specula
  • Two Blade Vaginal Specula
  • Three Blade Vaginal Specula
  • Others

Usability Outlook (Revenue, USD Million; 2018-2028)

  • Reusable
  • Disposable

Application Outlook (Revenue, USD Million; 2018-2028)

  • Diagnosis
  • Surgery

End-User Outlook (Revenue, USD Million; 2018-2028)

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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