June 29, 2020
According to the research report titled ‘Vaginal Specula Market to 2027 - Global Analysis and Forecasts By Product Type, Usage, Material, Application, End User, available with Market Study Report LLC, vaginal specula market was worth USD 801.78 million in the year 2018 and is expected to grow with a CAGR of 3.6% during the forecast period. The market size is predicted to reach USD 1,094.57 million by the year 2027.
High occurrence of cervical cancer along with increasing number of diagnostic services for women’s health are major factors driving the growth of vaginal specula market. Increased pervasiveness of medical issues among women have compelled the healthcare industry players to provide advanced products in order to diagnose and treat gynecological disorders efficiently, which in turn is aiding the market expansion.
Technological advancements in medical sector has also led to provision for high quality devices, equipment and systems. These advancements have allowed researchers to develop minimal invasive gynecological surgeries, thereby stimulating the industry outlook.
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As per product type, vaginal specula market is split into three blades, one blade and two blades. By usage, the industry is bifurcated into reusable and disposable. Based on material type, the market is bifurcated into stainless and plastic, whereas the application scope of vaginal specula market comprises of diagnosis and surgery.
Citing the end-use landscape, the industry classified into diagnostic centers, ambulatory care centers and hospitals. The report states that the hospitals & clinics segment accounted for a substantial share in the overall market in 2018 and is predicted to expand significantly during the forecast period.
Major companies formulating the competitive arena of worldwide vaginal specula market are Dynarex Corporation, OBP Medical Corp., Robinson Healthcare Ltd., STERIS Corporation, Integra LifeSciences Corporation, Hillrom Holdings Inc., B. Braun Melsungen AG and Teleflex Incorporated among others.