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Wednesday, 15 July 2020
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Tuesday, 09 Jun 2020 03:00 pm

Vaginal Specula Market By Trends, Opportunities, Recent Industry Size And Share Analysis With Forecast To 2027

The global vaginal specula market is anticipated to reach US$ 1,094.57 Mn in 2027 from US$ 801.78 Mn in 2018. The vaginal specula market is expected to grow with a CAGR of 3.6% from 2019-2027.

By SMN Bureau
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The factors contributing to the growth of the vaginal specula market in the countries of Asia Pacific are the rising prevalence of cervical cancer, the growing emphasis on tracking women's health. Furthermore, rising awareness to overcome the rate of gynecological diseases also boosts the market growth. The countries such as Australia, India, and South Korea are estimated to serve various growth opportunities due to the rising development in the healthcare sector. Also, the rise in the incidence of gynecological diseases, and the growing awareness regarding these diseases is likely to provide more significant growth opportunities to the market players in the coming years.

The report provides trends predominating in the global vaginal specula market and the factors driving the market along with those that act as hindrances. The key factors that are driving the growth of the market are a rise in the number of cervical cancer incidences, rising numbers of diagnostic services for women's health. However, complications involved in gynecological procedures are expected to hamper the market during the forecast period.

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The vaginal specula market majorly consists of players such as Cooper Companies, Inc., Welch Allyn (Hill Rom), BD, B. Braun Melsungen AG, Teleflex Incorporated, Integra Lifesciences, Steris, Robinson healthcare, Dynarex Corporation, and OBP Medical Corporation among others. Several companies are concentrating on organic strategies, such as product launch and product approvals. For instance, in May 2017, OBP Medical, a leading global developer of self-contained, single-use, illuminating medical devices, launched a product, namely Office SPEC and ER-SPEC vaginal specula.

Rise in Number of Cervical Cancer Incidences

Cervical cancer is one of those diseases having a higher possibility of prevention and treatment. Cervical cancer can be prevented with HPV vaccination and managed effectively. However, cervical cancer remains one of the severe threats to women's health globally. According to the data published by the WHO in 2018, cervical cancer is the fourth most frequent cancer in the female population. Annually, over 500,000 women are diagnosed with this cancer type, causing over 270,000 deaths, and more than 75% of cases occur in Africa and India. Therefore, the rise in the number of cervical cancer is leading to greater awareness about this cancer among women, and easy prevention and treatment are encouraging more women to undergo diagnosis as well as take treatment if the results of diagnosis are positive.

Rising Numbers of Diagnostics Services for Women’s Health

In response to the increasing number of problems about women's health worldwide, the healthcare industry is offering various advanced technological products for the diagnosis and treatment of gynecological problems. Due to the advancements in the healthcare sector, specifically in medical devices, have enabled players to provide the best equipment, devices, and systems. Also, these advancements have enabled researchers to introduce minimal invasive gynecological surgeries. Thus, the availability of various modern gynecological devices is driving market growth.

Product Type Insights

The global vaginal specula market, based on the product type, was segmented into two blade, one blade and three blade. In 2018, the two blade segment accounted for the largest market share in the global vaginal specula market. The growth of the two blade segment is expected to grow due to rising product development that has allowed to integrate lighting in the specula that offers vide visibility to doctor to diagnose and treat in the pelvic region.

Global Vaginal Specula Market – By Product Type

  • One Blade
  • Two Blade
  • Three Blade

Global Vaginal Specula Market – By Usage

  • Disposable
  • Reusable

Global Vaginal Specula Market – By Material

  • Stainless Steel
  • Plastic

Global Vaginal Specula Market – By Application

  • Surgery
  • Diagnosis

Global Vaginal Specula Market – By End User

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers

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Tags Vaginal Specula Market

SMN Bureau

Smart Market News brings you the stories of adopting innovative solutions and strategies that have been changing the world. Our insights on products, solutions, companies, and adoption of best practices help in understanding the markets better and make smarter decisions.


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