Market Research

Vaginal Specula Market Research Explores The Key Success Factors, And Business Opportunities Including Key Players Forecast Till 2027

Jun 9, 2020 8:00 PM ET

iCrowd Newswire – Jun 9, 2020

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.

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.

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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.

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.

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.

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.

Strategic Insights

The companies operating in the vaginal specula market have been implementing various strategies to grow in their corresponding markets; this has, in turn, enabled them to bring various changes in the market. The companies have utilized strategies such as product launches, and approvals of their product portfolio and acquisitions for the growth of their organizations.

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Keywords:    Vaginal Specula Market, Vaginal Specula