Vaginal Speculum - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Vaginal Speculum Market size is estimated at USD 0.95 billion in 2024, and is expected to reach USD 1.10 billion by 2029, growing at a CAGR of 3.16% during the forecast period (2024-2029).

This is attributing to increasing incidences of cervical cancer with rising rates of diagnostic and treatment for cervical cancer with improvement in healthcare infrastructure. As vaginal speculum is used to open the orifice of the vagina, monitor and inspect the vaginal wall or cervix. Vaginal Speculum helps in diagnosing the patient and widely used by a physician to check for cervical cancer. As per the National Institute of Health (NIH), in 2019, cervical cancer is major public health affecting mostly middle-aged women. This rising prevalence of cervical cancer will boost the revenue growth of vaginal speculum for diagnostic purposes. However, the risk of infection associated with using the device with a lack in awareness among the population may hinder the market.

Vaginal Speculum Market Trends

Disposable vaginal speculum is Estimated to Witness a healthy Growth in Future.

A disposable vaginal speculum is expected to witness healthy growth in the future owing to its low risk of infections and viable alternatives. These devices are widely used for pelvic checkups and increasing cervical cancer cases. For instance, according to Globocan, there are around 14000 new cases in the United States in 2017 result in the high adoption of these devices. Low risk associated with the disposable devices makes it more preferable among doctors and physicians to adopt this disposable vaginal speculum and boost the segment growth.

In addition, with the growing number of corpus uteri (Cervical Cancer) population worldwide will result in high adoption of these devices for diagnosing purpose and further propell the vaginal speculum market.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Vaginal Speculum Market due to the rising prevalence of cervical cancer, high rate of diagnosis and treatment related to cervical cancer. As per Global Cancer Observatory, 2018 database, an estimate of 5 lakh people has experienced cervical cancer owing to which there will be the adoption of these devices for screening and monitoring purposes, hence boost the market. Moreover, well-established healthcare infrastructure, favorable reimbursement policies, and government initiatives for the screening of major diseases in this region are also fueling the market.

Vaginal Speculum Industry Overview

The Vaginal Speculum Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Sklar Surgical Instruments, CooperSurgical Inc, Medline Industries, WELCH ALLYN, Teleflex Incorporated, Integra LifeSciences Corporation, Robinson Healthcare, and MedGyn Products Inc.

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• The market estimate (ME) sheet in Excel format
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