Global Vaginal Speculum Market Insights Forecasts to 2030

• The Vaginal Speculum Market Size was valued at USD 8.51 Billion in 2021.
• The Market is Growing at a CAGR of 2.9% from 2021 to 2030
• The Worldwide Vaginal Speculum Market is expected to reach USD 10.91 Billion by 2030
• Asia Pacific is expected to Grow the fastest during the forecast period

The global Vaginal Speculum Market is expected to reach USD 10.91 Billion by 2030, at a CAGR of 2.9% during the forecast period 2021 to 2030.

When performing pelvic exams, doctors use a device called a vaginal speculum. They have a construction resembling a duck's bill and are hinged. They are made of many materials, including plastic, stainless steel, and chrome. To easily open the vagina, vaginal speculums are inserted into the vagina. There are many sizes of these vaginal speculums. Based on the patient's age, vaginal width, and length, the doctor determines the proper speculum size. During a pelvic exam, doctors provide speculums to hold and spread the vaginal walls. It aids the doctor in performing a thorough pelvic exam and analysis of the cervix and vagina. This aids in determining the condition of the patient's reproductive system.

COVID 19 Impact on Vaginal Speculum Market

Nearly every business was impacted by the unprecedented worldwide public health emergency known as COVID-19, and the long-term effects are expected to have an impact on the expansion of a number of end-use industries over the course of the forecast period. There is a growing need for medical supplies to treat the sick populace. The majority of medical devices used in primary clinical therapy are respiratory support devices, including oxygen generators, life support machines, monitors, and atomizers. Moreover, COVID-19 has caused a significant increase in demand for medical goods such masks, gloves, and protective eyewear. Medical professionals and the general public continue to need more medical supplies as a result of the increase of COVID-19 cases around the world.

Key Market Drivers

Increasing cases of cervical cancer among women is driving the market growth

Throughout the next years, the Vaginal Speculum Market is anticipated to be driven by the rising cervical cancer prevalence among women and the rising rates of cervical cancer diagnosis and treatment. The market is anticipated to rise in the upcoming years because to the technical advancements in this industry, the growing attention on tracking women's health, and the expanding R&D efforts.

Lesser risk of infection is boosting the market growth over the forecast period.

Due to its minimal risk of infections and available alternatives, a disposable vaginal speculum is anticipated to experience steady increase in the next years. These tools are frequently used for pelvic examinations and an increase in occurrences of cervical cancer. For instance, Globocan estimates that in 2017, there were over 14000 new cases in the United States, which led to a high adoption rate for these devices. The disposable vaginal speculum is more popular among doctors and medical professionals because of the low danger connected with these devices, which will help the segment grow.

Key Challenging Factors

Lack of awareness of cancer is hampering the market growth

There are some limitations and difficulties that may prevent the market from expanding. Market restrictions are likely to be caused by issues such the underdiagnosis of cervical cancer, rising surgical costs, and infection risk.

Market Segmentation

Product Insights

Two Blade Vaginal Specula is accounted the largest market share over the forecast period.

On the basis of product, the global vaginal speculum market is segmented into One Blade Vaginal Specula, Two Blade Vaginal Specula, Three Blade Vaginal Specula, and Others. Among these, the two blade vaginal specula is dominating the market with the largest market share over the forecast period. The factors can be attributed to the increased product development that has made it possible to incorporate lighting in the spectacles that provide doctors with broad visibility for pelvic region diagnosis and treatment.

Material Insights

Stainless steel specula is dominating the market over the forecast period.

On the basis of material, the global vaginal speculum market is segmented into plastic and stainless. Among these, the stainless steel specula is dominating the market over the forecast period. Stainless steel specula can be challenging to clean and are cold, like other multipurpose instruments. Clear plastic is employed in the single-use plastic specula, which prevents cross-contamination and gives the clinician a clear view of the vaginal wall.

Regional Insights

North America is dominating the market with the largest market share over the forecast period.

Due to the rising incidence of cervical cancer, the high rate of detection, and the frequency of cervical cancer-related treatments, North America is anticipated to account for a sizeable portion of the global vaginal speculum market. According to the Global Cancer Observatory's 2018 database, an estimated 5 lakh people have had cervical cancer. As a result, these devices will be used for screening and monitoring, which will increase the market. Additionally, the market is being fueled by the region's developed healthcare infrastructure, advantageous reimbursement policies, and government programmes for the screening of serious diseases.

Recent Developments

• In August 2020, the Nella NuSpec Reusable Vaginal Speculum was introduced by Ceek Women's Health, a pioneering women-owned medical equipment firm.

• In May 2021, OBP Medical Corporation, an American manufacturer of medical devices that creates and sells unique goods including single-use vaginal speculums with built-in LED illumination, was acquired by CooperCompanies.

• In February 2021, The FDA-approved Mara Water Vapor Ablation System from AEGEA Medical of California has been acquired by CooperSurgical. The addition to CooperSurgical's expanding array of medical goods geared towards clinic- and practice-based women's health builds on the company's more than 30 years of experience in the field.

List of Key Companies

• CooperSurgical Inc
• BD
• JMI Group
• Teleflex Incorporated
• Vernacare
• Integra LifeSciences
• MEDGYN PRODUCTS INC
• AdvaCare Pharma,
• Advin Health Care,
• A.M.G. Medical Inc
• B. Braun Melsungen AG
• Deltalab
• Medline Industries LP
• Bexen Medical
• YILKAL MEDICAL,
• STERIS
• Narang Medical Limited
• Accuquik™ Test Kits
• Hospital Equipment Mfg. Co
• Amsino International Inc
• KIRCHNER & WILHELM GmbH + Co. KG

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Vaginal Speculum Market based on the below-mentioned segments:

Vaginal Speculum Market, Product Analysis

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

Vaginal Speculum Market, Material Analysis

• Plastic
• Stainless

Vaginal Speculum Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa