The size of the vaginal speculum market is expected to be worth USD 326 million by 2027 from USD 276 million in 2022, growing at a CAGR of 3.32% from 2022 to 2027
The growing patient population suffering from cervical cancer across Europe is majorly accelerating Europe's vaginal speculum market growth. According to the World Health Organization (WHO), an estimated 66000 new cervical cases trigger annually in the European region. Out of which, 30000 people die though it is preventable. Women over 45 years will have a higher chance of diagnosing with cervical cancer. For the examination of cervical cancer among women, a gynecologist uses a vaginal speculum to hold the open vaginal walls and takes the samples from the cervix for the cancer examination. In addition, increasing self-care among women and increasing knowledge about the chances of contracting cancer in their lifetime is contributing to the growth of the European vaginal speculum market.
The growing number of awareness programs on women's health by the European governments is expected to fuel the market growth in Europe during the forecast period. For instance, national-wide screening programs have been conducted by the government to eliminate cervical cancer, supporting early cancer detection. Along with this, vaccination is also provided through screening programs to prevent cervical cancer among women. As a result, the demand for vaginal speculum has increased.
Furthermore, the growing manufacturing activities of vaginal speculums with various materials at an affordable cost favor the regional market growth. To reduce the Spread of infection from one person to another person, most healthcare providers are using a disposable vaginal speculum. As a result, key players are focused on manufacturing the vaginal speculum with a disposable nature. They also manufacture different sizes of vaginal speculum and different material strengths based on information from researchers and healthcare providers.
Conversely, poor awareness regarding the available treatment options for cervical cancer among the European women population primarily hamper the European vaginal speculum market growth. Furthermore, the lack of speculum product approvals and the rise in surgery cost further restrain European market growth. In addition, the Spread of infection due to vaginal speculum in the examination process and improper healthcare infrastructure is also a reason for reduced market growth.
This research report on the European vaginal speculum market has been segmented and sub-segmented into the following categories.
By Type:
By Product:
By Application:
By Country:
The European region had a notable share of the global market in 2021. During the forecast period, the European vaginal speculum market is expected to showcase a healthy CAGR owing to the growing support from the European governments for the R&D and manufacturing of vaginal speculums and growing healthcare expenditure.
The UK had the major share of the European market in 2021 and is expected to witness a promising CAGR during the forecast period. The growing supply of various types of vaginal speculum worldwide majorly drives the vaginal speculum market in the UK. The vaginal speculum manufacturers of the UK focus more on manufacturing various vaginal speculums to provide ease to the healthcare provider while examining the patients. In addition, the availability of low-priced vaginal speculum in the UK is another major factor propelling the UK market growth.
Germany is another promising market in the European region for vaginal speculums. In Germany, stainless steel vaginal speculums are used mainly by healthcare providers for the examination of the pelvis. As a result, manufacturers in this area focus on developing the stainless-steel vaginal speculum at an affordable cost with a straightforward sterilization process.
KEY MARKET PLAYERS:
Companies such as Cooper Surgical, BD, Welch Allyn, Teleflex, Robinson Healthcare, Sklar Surgical, Integra Lifesciences, MedGyn, DYNAREX, Pelican Feminine Healthcare, and OBP Medical are playing an influential role in the European vaginal speculum market.
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