Vaginal Speculum Market

Global Vaginal Speculum Market Size (2023 to 2028)

The global market size for vaginal speculum is estimated to grow at a CAGR of 4.12% from 2023 to 2028. The market size was valued at USD 958.3 million in 2023 and is forecasted to be USD 1172.7 million by 2028.

The COVID-19 pandemic has had a negative impact on every industry in the world. In response to COVID-19, there has been a sharp increase in demand for medical products such as masks, gloves, and safety glasses. Due to the rise in COVID-19 cases worldwide, medical professionals and the public continue to need more medical supplies. Manufacturers of these products have the opportunity for the rising demand for medical supplies to provide a sufficient and ongoing supply of PPE. Due to lockdowns and strict rules for the prevention of viruses, most surgeries in the hospital are delayed or postponed. There are cancellations of several gynecologists’ appointments due to the rise in COVID-19 cases. Only the most urgent cases were treated, such as those with potentially unstable patients due to surgical effects, patients with symptomatic persistent severe bleeding from ulcerated pelvic tumors, and patients with anuria & symptoms of deep vein thrombosis in patients with a confirmed diagnosis of cervical cancer. Due to this, the market for vaginal speculums has been adversely affected by the scarcity of medical devices worldwide.

Increasing cervical cancer among women and the older population and increasing awareness among people are majorly propelling the growth of the vaginal speculum market.

Rising cervical cancer cases are the main factor for the growth of the vaginal speculum market. As per the WHO reports in 2018, cervical cancer is predicted to have caused 575,000 new cases. The fourth most frequent type of cancer in women is it. Nearly 90% of cervical cancer fatalities occurred in developing and underdeveloped countries. The risk of occurrence of gynecologic tumors more in the population over 65 years. They have a significant risk of cervical cancer occurring; due to this, there is an increased risk of death in older women. Thus, the growth in the geriatric population of women will play a significant role in fuelling the market's growth. Growing awareness of gynecological problems among women, expanding healthcare infrastructure in emerging nations, and expanding government campaigns to raise awareness of the various types of cancer affecting women are driving the market's rise during the forecast period.

An increasing percentage of women suffering from potential health problems such as sexually transmitted infections, including HPV, an increase in awareness of women and their vaginal health and the constant evolution in the healthcare sector, and expansion of technologies to improve the quality, evolution in the healthcare sector are the factors driving the market in coming years. An increasing initiative by NGO initiatives by the government for screening programs that lower the costs, acquisitions and mergers by key manufacturers, and recurrent research and upgrades in technology, non-governmental organizations are spreading awareness about women’s health by conducting programs, and there has also been a continuous improvement for the growth of vaginal specula in future.

On the other hand, the risk of infection associated with using the device with a lack of awareness among the population, rising surgical costs, infection risk, and stringent rules and regulations related to the approval of products are expected to hinder the growth rate of the vaginal speculum market. Therefore, lower demand for this product during surgery is another significant challenge to the vaginal speculum market.

REPORT COVERAGE:

This research report on the global vaginal speculum market has been segmented and sub-segmented based on type, product, application, end-user & region.

Vaginal Speculum Market - By Type:

• Disposable
• Reusable

Based on the type, the disposable vaginal speculum segment had the largest share of the global vaginal speculum market in 2022 due to its low risk of infections and viable alternatives. In addition, these devices are widely used for pelvic check-ups due to increasing cervical cancer cases. For instance, according to Globocan, there were around 15000 new cases in the United States in 2018, resulting in the high adoption of these devices.

Vaginal Speculum Market - By Product:

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

Based on the product, the two-blade vaginal specula segment held a significant share of the vaginal speculum market worldwide in 2022. It is the most used type of specula among others. It is in several sizes to suit all women, and a small version is used in cases where a woman’s hymen is intact. Most use of this speculum by gynecologists for vaginal examinations started in 2019. It is used to identify abnormalities in a woman’s reproductive anatomy, such as cysts and cancers. This is due to the increasing product development possible by integrating lighting in the specula and a wide range of procedures to diagnose and treat the pelvic region.

Vaginal Speculum Market – By Application:

• Diagnosis
• Surgery

The surgery segment is expected to have the highest CAGR during the forecast period. This is due to an increase in the number of cervical cancer cases all over the world. During surgeries, it is used for vaginal examination; gynecologists use this speculum to open the walls of the vagina and examine the vagina and cervix. It is a duck-bill-shaped device that doctors use to see inside a hollow part of your body and treat disease.

Vaginal Speculum Market - By Region:

• North America
• Europe
• Asia-Pacific
• Middle East Africa
• Latin America

Geographically, North America dominated the vaginal speculum market worldwide in 2022. This is due to the highly developed healthcare infrastructure, favorable reimbursement policies, government programs for the screening of serious diseases, high detection rate, the frequency of cervical cancer-related treatments, and increasing cases of cervical cancer in this region. In 2019, it was estimated that there would be 13,170 new cases of cervical cancer and an estimated 4,250 people would die of this disease, per the U.S. Department of Health and Human Services.

Europe holds the second position in the global market, accounting for the leading share due to favorable medical reimbursement, awareness regarding vaginal health, government initiatives for cervical cancer screening programs, and Europe’s well-established healthcare infrastructure. Nevertheless, as per current estimates by WHO, cervical cancer is the seventh most common in women in the European Region.

The Asia Pacific is expected to have significant growth in the global vaginal speculum market due to the increasing research and development for new and improving healthcare infrastructure, the presence of key players, and the massive volume consumption of specula in hospitals and clinics e patient population in this region. India is one of the two biggest markets for vaginal specula.

The Middle East and Africa are predicted to grow in the coming years. This is due to factors such as the high prevalence of cervical cancer and increasing government initiatives for cervical cancer prevention and screening, which has a high demand for market growth. Nearly 100,000 women are diagnosed each year with cervical cancer in Sub-Saharan Africa. About 62 percent of these women would be expected to die from the disease without therapy. In addition, women suffering from HIV-positive are five times more likely to develop invasive cervical cancer.

KEY MARKET PARTICIPANTS:

Cooper Surgical, BD, Welch Allyn, Teleflex, Robinson Healthcare, Sklar Surgical, Integra Lifesciences, MedGyn, DYNAREX, Pelican Feminine Healthcare, and OBP Medical are a few of the prominent companies operating in the global vaginal speculum market profiled in this report.

RECENT HAPPENINGS IN THIS MARKET:

• An agreement between CooperCompanies and Generate Life Sciences, a leading provider of donor eggs and sperm for fertility treatments, fertility cryopreservation services, and newborn stem cell storage in 2021.
• In 2021, Creek Women’s Health announced that their full Nella product is now possible to order through Cardinal Health.