Vaginal Speculum Market by Application and Geography - Forecast and Analysis 2022-2026

The vaginal speculum market share is expected to increase to USD 263.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.09%.

The report extensively covers vaginal speculum market segmentations by the following:

• Application - Diagnosis and surgery
• Geography (North America, Europe, Asia, and Rest of World (ROW)

The vaginal speculum market report offers information on several market vendors, including AdvaCare Pharma, Advin Health Care, AMG Medical Inc., B. Braun SE, Becton Dickinson and Co., CooperSurgical Inc., DELTALAB SL, Dynarex Corp., Eden Medical UK Ltd., HILL ROM HOLDINGS Inc., Integra Lifesciences Holdings Corp., Kolplast Group, MedGyn Products Inc., Medline Industries Inc., OIARSO S COOP, Sklar Surgical Instruments, Teleflex Inc., Vernacare, YILKAL MEDICAL, and STERIS Plc among others.

This vaginal speculum market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Vaginal Speculum Market Size be During the Forecast Period?

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Vaginal Speculum Market: Key Drivers, Trends, and Challenges

The growing adoption of disposable vaginal speculums is notably driving the vaginal speculum market growth, although factors such as the high risk of infection may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vaginal speculum industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vaginal Speculum Market Driver

The growing adoption of disposable vaginal speculums is one of the key drivers fueling the vaginal speculum market growth. Primarily, there are high chances of healthcare facilities going through various challenges due to sed and obsolete surgical tools and equipment, such as high inventory costs and operational inefficiencies. For instance, in the US, the average annual cost of discarded healthcare supplies in healthcare facilities is approximately $200 million. To address these challenges, vendors offer hospitals, clinics, and other healthcare facilities disposable vaginal speculums. Disposable vaginal speculums provide healthcare facilities with benefits such as reduced inventory costs, reduced infection rates, and reduced volumes of medical waste. These benefits offered by disposable vaginal speculums will drive market growth during the forecast period.

Key Vaginal Speculum Market Trend

Strategies of market players is one of the key vaginal speculum market trends supporting the vaginal speculum market growth. For instance, in August 2020, Ceek Women's Health, a women's health-focused medical device company, announced the launch of Nella NuSpec, a reusable vaginal speculum. The device was developed in partnership with obstetrics and gynecology (OB-GYN) specialists and patients after an extensive five-year R&D process. Moreover, with the increasing demand for vaginal speculums from end-users, vendors are opting for M&A and strategic alliances to expand their market reach and customer base. These strategic alliances and partnerships among vendors are helping them enhance their operations and increase their geographical presence. Thus, such activities will drive the growth of the global vaginal speculum market during the forecast period.

Key Vaginal Speculum Market Challenge

The high risk of infection is one of the key factors challenging the vaginal speculum market growth. The reprocessing of reusable metal speculum involves the use of strong detergents, disinfectants, solvents, and plastics. Meanwhile, the sterilization of reusable metal speculum requires the use of ethylene oxide (EtO) and sporicidal disinfectants that can be harmful to the environment. For instance, acute exposure to EtO can result in irritation to the skin, eyes, gastrointestinal or respiratory tract and can cause central nervous system (CNS) depression. Significantly, chronic inhalation of EtO can lead to the formation of cataracts, neurologic dysfunction, cognitive impairment, and disabling polyneuropathies. Thus, the limitations associated with reusable vaginal speculums and the high risk of infections can result in their low adoption. Such challenges can hamper the growth of the global vaginal speculum market during the forecast period.

This vaginal speculum market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Vaginal Speculum Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AdvaCare Pharma
• Advin Health Care
• AMG Medical Inc.
• B. Braun SE
• Becton Dickinson and Co.
• CooperSurgical Inc.
• DELTALAB SL
• Dynarex Corp.
• Eden Medical UK Ltd.
• HILL ROM HOLDINGS Inc.
• Integra Lifesciences Holdings Corp.
• Kolplast Group
• MedGyn Products Inc.
• Medline Industries Inc.
• OIARSO S COOP
• Sklar Surgical Instruments
• Teleflex Inc.
• Vernacare
• YILKAL MEDICAL
• STERIS Plc

 

This statistical study of the vaginal speculum market encompasses successful business strategies deployed by the key vendors. The vaginal speculum market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Bbraun.com - The company offers vaginal speculum products such as wound retractors, upper blades, and lower blades.
• Bd.com - The company offers vaginal speculum products such as Post urinal specula.
• Coopersurgical.com - The company offers vaginal speculum products such as Wallach disposable speculum in small, medium and large sizes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vaginal speculum market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Vaginal Speculum Market?

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37% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the vaginal speculum market in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).

The growing healthcare industry will facilitate the vaginal speculum market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the vaginal speculum market in the region. However, in H2 2021, the number of COVID-19 cases in the region decreased due to the introduction of COVID-19 vaccines. This led to the resumption of elective medical procedures and surgeries in hospitals and other healthcare facilities. Thus, the regional demand for vaginal speculums has rebounded. Such factors are expected to drive the market growth during the forecast period.

What are the Revenue-generating Application Segments in the Vaginal Speculum Market?

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The vaginal speculum market share growth by the surgery segment will be significant during the forecast period. A vaginal speculum is used by gynecologists to dilate the vagina and expose the interior of the vagina and exterior of the cervix. Moreover, the rising prevalence of cervical cancer will propel the demand for vaginal speculums for diagnostic purposes. Thus, the high adoption of vaginal speculums in screening and monitoring applications will drive the growth of the global vaginal speculum market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vaginal speculum market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global vaginal speculum market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vaginal speculum market during the forecast period.

Vaginal Speculum Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vaginal speculum market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Vaginal Speculum Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.09%
Market growth 2022-2026	$ 263.23 million
Market structure	Fragmented
YoY growth (%)	3.52
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 37%
Key consumer countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AdvaCare Pharma, Advin Health Care, AMG Medical Inc., B. Braun SE, Becton Dickinson and Co., CooperSurgical Inc., DELTALAB SL, Dynarex Corp., Eden Medical UK Ltd., HILL ROM HOLDINGS Inc., Integra Lifesciences Holdings Corp., Kolplast Group, MedGyn Products Inc., Medline Industries Inc., OIARSO S COOP, Sklar Surgical Instruments, Teleflex Inc., Vernacare, YILKAL MEDICAL, and STERIS Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Vaginal Speculum Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vaginal speculum market growth during the next five years
• Precise estimation of the vaginal speculum market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vaginal speculum industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vaginal speculum market vendors

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