Vaginal Speculum without Smoke Evacuator Segment to Dominate Vaginal Specula Market
According to The Insight Partners research study, titled "Vaginal Specula Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Type, Procedure, and End User," the market is expected to grow from US$ 955.66 million in 2022 to US$ 1,180.41 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2022 to 2028. The rise in the incidence of cervical cancer and the increasing number of diagnostics services for women health drive the market growth. However, complications associated with gynecological procedures are expected to restrict the market growth during the forecast period.
Europe experienced more severe repercussions of the COVID-19 pandemic in 2020 than the global economy. Furthermore, it experienced a slower pace of recovery in 2021. The pandemic caused an unprecedented health crisis in European economies. Moreover, strict limitations are imposed on the use of vaginal specula in European countries due to the high risk of the transmission of COVID-19. In addition, as medical care providers' attention has shifted to treating COVID-19 patients, various medical therapy procedures, such as the use of advanced medical equipment, have been postponed in recent months. The funding for R&D activities connected to vaginal specula has been reduced as a result of the clinical field's shift to treating COVID-19 patients, causing this fragment to face negligence, resulting in an adverse impact on the European vaginal specula market.
Based on the product, vaginal specula market is bifurcated into vaginal speculum with smoke evacuator and vaginal speculum without smoke evacuator. The vaginal speculum without smoke evacuator segment hold the largest share of the market in 2022. However, the vaginal speculum with smoke evacuator segment is anticipated to register the highest CAGR during the forecast period. During pelvic exams, clinicians utilize a vaginal speculum as a tool. Gynecologists mostly use the vaginal speculum without smoke evacuator to visually inspect the vagina and cervix and collect cervical cells for a Pap smear test. As per the Mayo Clinic, cervical and vaginal checks by medical professionals are vital in detecting anomalies in a woman's reproductive anatomy, such as cysts and malignancies. Exams with specula are physically and more often mentally unpleasant for many women due to the invasive nature of the operation and how the device feels inside a woman's body.
Cervical cancer has a greater possibility of prevention and treatment than many other types of cancer. Although it remains one of the severe threats to women's health globally, it can be managed effectively and prevented with HPV vaccination. Invasive cervical malignancy (ICC) is the second most frequent female cancer in low- and middle-income countries (LMICs); it ranks seventh among the most common cancer types in high-income countries. ~341,843 women died in 2020 due to cervical cancer, and 90% lived in less-developed countries with limited access to prevention, screening, and treatment facilities. Therefore, the rise in the number of cervical cancer is leading to more awareness about this disease among women.
Cooper Companies, Inc.; Baxter International Inc; BD; B. Braun Melsungen AG; Teleflex Incorporated; Integra Lifesciences Holdings Corporation; Steris plc.; Robinson healthcare; Dynarex Corporation; and OBP Medical Corporation are the key companies operating in the vaginal specula market.
Vaginal Specula Market, by Region, 2022 (%)
Vaginal Specula Market Size, Share & Opportunity Analysis 2028
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Vaginal Specula Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Vaginal Speculum with Smoke Evacuator and Vaginal Speculum without Smoke Evacuator), Type (Disposable and Reusable), Procedure (Electrosurgical Colposcopy, Endometrial Biopsy, General Examination, and Others), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Diagnostic Centers)
Vaginal Specula Market Size, Share & Opportunity Analysis 2028
Download Free SampleVaginal Specula Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Vaginal Speculum with Smoke Evacuator and Vaginal Speculum without Smoke Evacuator), Type (Disposable and Reusable), Procedure (Electrosurgical Colposcopy, Endometrial Biopsy, General Examination, and Others), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Diagnostic Centers)
The report segments the vaginal specula market as follows:
The vaginal specula market is segmented into product, type, procedure, end user, and geography. Based on product, the market is bifurcated into vaginal speculum with smoke evacuator and vaginal speculum without smoke evacuator. Based on type, the market is bifurcated into disposable and reusable. Based on procedure, the market is segmented into electrosurgical colposcopy, endometrial biopsy, general examination, and others. Based on end user, the vaginal specula market is segmented into hospitals and clinics, ambulatory surgical centers, and diagnostic centers.
By geography, the vaginal specula market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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