Pre-lit Disposable Vaginal Speculum Market Overview 2021-2031
The pre-lit disposable vaginal speculum market size is projected to reach US$ 392.83 million by 2031 from US$ 281.53 million in 2023. The market is expected to register a CAGR of 4.33% during 2023–2031. The growing technological development in vaginal speculum is likely to serve as key trends in the market.
Pre-lit Disposable Vaginal Speculum Market Analysis
The growth of the market is mainly fueled by the rising prevalence of cervical cancer and the growing emphasis on tracking women's health. The rising awareness to overcome the growing rate of gynecological diseases also boosts market growth. The upgradation and adoption of innovative diagnostics and treatment medical devices by healthcare facilities are likely to provide significant growth opportunities to the market players in the coming years. Different rural screening strategies have been developed to detect cervical cancer in its pre-invasive phase to reduce disease incidence and associated mortality. The government of India, under the aegis of the National Program for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS), introduced a population-based screening for diabetes, hypertension, and common cancers (including oral, cervix, and breast cancer) in 100 districts of the country on a pilot basis. Rural women from the age group of 30-65 are screened for cervical cancer using VIA in every five years.
Pre-lit Disposable Vaginal Speculum Market Overview
There have been many developments in vaginal examination techniques. The use of illumination sources with longer shelf life in gynecological procedures can encourage the market players to develop and introduce vaginal specula. In addition, national screening programs for cervical cancer are widely being adopted. The health organizations provide facilities such as screening kits. For instance, in February 2021, the National Health Service (NHS) provided more than 31,000 women with Human Papillomavirus Virus (HPV) home testing kits to reduce the deaths due to cervical cancer deaths. The initiative's objective was to perform smear tests in the privacy and convenience of the patient in their own homes as a part of the study ‘The YouScreen.’ Such initiatives are expected to create awareness among the women population about cervical cancer screening.
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Pre-lit Disposable Vaginal Speculum Market: Strategic Insights
Market Size Value in US$ 235.01 Million in 2019 Market Size Value by US$ 309.00 Million by 2027 Growth rate CAGR of 3.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Pre-lit Disposable Vaginal Speculum Market: Strategic Insights
| Market Size Value in | US$ 235.01 Million in 2019 |
| Market Size Value by | US$ 309.00 Million by 2027 |
| Growth rate | CAGR of 3.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Pre-lit Disposable Vaginal Speculum Market Drivers and Opportunities
Rise in Incidence of Cervical Cancer to Favor Market
The increasing prevalence of cervical cancer has created a burden on the healthcare systems worldwide. The market under consideration has shown significant expansion, which can be linked to the rising frequency of cervical cancer among women worldwide. Cervical cancer is one of the diseases with a greater chance of prevention and treatment as it can be prevented with HPV vaccination and managed efficiently. According to the World Health Organization (WHO), cervical cancer kills more than 270,000 women each year. Cervical cancer mortality rates are greater in poorer nations due to the late discovery of the disease. As per WHO, cervical cancer is the fourth most common cancer in females worldwide, with about 660,000 new cases and 350,000 deaths in 2022. Pre-lit disposable vaginal speculum devices are medical instruments with integrated LED light sources that are mainly used during pelvic examinations where vaginal access and exposure are required. Therefore, the rise in the number of cervical cancer cases leads to growing demand for easy prevention and treatment options, supporting women to undergo diagnosis. Thus, growing cervical cancer cases acts as a major driver of the global pre-lit disposable vaginal speculum market.
Development Opportunities in Emerging Countries
Countries in Asia Pacific and Middle East & Africa region create significant opportunities for the key market players to expand their businesses. Healthcare players concentrate on developing markets, such as India and China, owing to the enormous population suffering from cancer in these countries. Moreover, with increasing production costs against their practices, these companies strive to generate sufficient revenue to entertain their investors. A presence in developing countries offers reliable and profitable growth opportunities to the market players to reduce operating costs and expand their geographic reach. Companies in the healthcare sector, especially in developed countries, have been investing significant amounts of their revenue in research and development activities to develop better and more advanced offerings and technologies. Thus, the growing prevalence of cancer and technological advancements in emerging countries are boosting cervical cancer diagnosis and providing significant growth opportunities to the players operating in the market.
Pre-lit Disposable Vaginal Speculum Market Report Segmentation Analysis
Key segments that contributed to the derivation of the pre-lit disposable vaginal speculum market analysis are application and end user.
- Based on application, the pre-lit disposable vaginal speculum market is divided into surgery and diagnosis. The surgery segment held a larger market share in 2023 and is anticipated to register a higher CAGR during the forecast period.
- By end user, the market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers. The hospitals segment held the largest share of the market in 2023 and is projected to register the highest CAGR during the forecast period.
Pre-lit Disposable Vaginal Speculum Market Share Analysis by Geography
The geographic scope of the pre-lit disposable vaginal speculum market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. The growth of the market in this region is attributed to the increasing prevalence of gynecology disorders, growing government support for screening and providing treatment for women’s health conditions, increasing awareness about gynecology diseases through government programs, increasing number of start-ups offering innovative medical devices, growth of public-private partnerships for awareness regarding diseases, diagnostic and treatment procedures, and associated products. According to Cervical Cancer Statistics, ~11,500 new cases of cervical cancer are diagnosed yearly in the US, and about 4,000 women die due to this cancer. Moreover, in Canada, the pre-lit disposable vaginal speculum market is expected to have growth opportunities due to an increasing emphasis on women's health and a rising number of market players manufacturing and supplying gynecology tools and devices. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Pre-lit Disposable Vaginal Speculum Market Report Scope
Pre-lit Disposable Vaginal Speculum Market News and Recent Developments
The pre-lit disposable vaginal speculum market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pre-lit disposable vaginal speculum market are listed below:
- Ceek Women’s Health has revealed the first modern disposable speculum, known as the Nella Single-Use Vaginal Speculum. It contains integrated sidewall retractors and LED lights to improve clinician benefits and patient comfort. (Source: Ceek Women’s Health, Press Release, June 2023)
- MedGyn, a leading innovator in women’s healthcare and a US-based medical device product supplier, has acquired Thomas Medical from Biomerics ATL, LLC through one of its subsidiaries. (Source: MedGyn, Press Release, September 2020)
Pre-lit Disposable Vaginal Speculum Market Report Coverage and Deliverables
The “Pre-lit Disposable Vaginal Speculum Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Microplate reader market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Microplate reader market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Microplate reader market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pre-lit disposable vaginal speculum market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the pre-lit disposable vaginal speculum market in 2023.
The rise in the incidence of cervical cancer and improving government initiatives for cervical cancer prevention and screening are the most influential factors responsible for market growth.
Hill Rom Holding Inc.; OBP Medical Corporation; Premier, Inc. (S2S Global); Trinity Sterile, Inc.; Medgyn Products, Inc.; Monarch Medical Products, Inc.; Cyalume Technologies, Inc.; Clearspec LLC; Dynarex Corporation are the market players in the pre-lit disposable vaginal speculum market.
The estimated value of the pre-lit disposable vaginal speculum market accounted for US$ 392.83 million in 2031.
The global pre-lit disposable vaginal speculum market is estimated to register a CAGR of 4.33% during the forecast period 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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