Number of pages: 100 | Report Format: PDF | Published date: April 21, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global vaginal speculum market was valued at US$ 832.21 million in 2022 and is expected to register a revenue CAGR of 3.06% to reach US$ 1,091.55 million by 2031.
Vaginal Speculum Market Fundamentals
A speculum is a device medical professionals use to check internal body parts, such as your vagina, anus, ears, or nose. The most well-known kind is the vaginal speculum used during pelvic examinations. The speculum opens the vaginal walls just enough for a physician to examine the internal parts of the vagina, such as the vaginal canal and cervix. A speculum allows the physician to examine the suspicious growths, collect fluid samples for testing, and potentially perform surgery via the genital tract.
Different types of vaginal speculum include pediatric speculum, Huffman speculum, Pederson speculum, and Graves speculum. The smallest speculum is a pediatric speculum. Pediatric speculums are also commonly utilized with postmenopausal women. Secondly, the Huffman speculum is larger than a pediatric speculum but smaller than the standard Pederson speculum. It is also intended for people that are inactive in sexual activities. One of the most prevalent speculums is the Pederson speculum. Pederson speculums are available in a range of sizes. The Graves speculum is another prominent medical instrument. ’It’s larger than the Pederson speculum, so ’it’s a prominent choice for longer vaginal canals or more elastic vaginal walls. This speculum is also frequently used during procedures such as colposcopy and biopsies. Graves speculums are also available in a variety of sizes.
Vaginal Speculum Market Dynamics
The global vaginal speculum market is expected to grow notably during the forecast period, attributed to various factors, especially due to the increasing prevalence of gynecological disorders such as cervical cancer, endometriosis, and sexually transmitted infections (STIs). Several factors that contribute to the increase in vaginal infections or diseases are:
Additionally, a speculum can help to hold the vaginal walls open, allowing the physician to examine/diagnose the cervix and vaginal walls. This can aid in the detection of any abnormalities or changes. With improved visibility, healthcare providers can more accurately assess the health of the cervix and vaginal walls. This can be especially important for the early detection of cervical cancer or other gynecological conditions. In addition to routine exams, a speculum can be used to perform various medical procedures such as Pap smears, biopsies, and insertion of intrauterine devices (IUDs). Growing demand for minimally invasive gynecological procedures, which require vaginal speculums, encourages the revenue growth of the global vaginal speculum market revenue.
Lack of awareness about the importance of regular gynecological exams in some regions, particularly in low- and middle-income countries, may hinder market revenue growth. Some regions have limited access to gynecological care due to a lack of healthcare infrastructure, a shortage of trained healthcare professionals, and cultural barriers. Concerns about the safety and efficacy of some types of vaginal speculums, particularly reusable speculums, can pose a risk of infection if not properly sterilized, thereby restricting the market’s revenue growth to a certain extent. Inserting the speculum into the vagina can be uncomfortable or painful for some patients, particularly those who have never undergone a gynecological examination. The size and shape of the speculum can make it difficult to insert and uncomfortable for some patients, which may further impede the market revenue growth. Sterilizing the speculum can also be challenging, particularly for healthcare providers in resource-limited settings where access to sterilization equipment may be limited. Hence, all these factors can obstruct the overall expansion of the vaginal speculum market revenue.
Vaginal Speculum Market Ecosystem
The global vaginal speculum is analyzed from four perspectives: type, material type, end-user, and region.
Vaginal Speculum Market by Type
Based on type, the global vaginal speculum market is segmented into reusable and disposable.
The disposable segment dominates the global vaginal speculum market. Disposable speculums are designed for single use, which reduces the risk of infection transmission between patients. Disposable speculums are pre-packaged and ready to use, eliminating the need for sterilization and cleaning procedures between uses. This can save time and resources in healthcare facilities. Disposable speculums are generally less expensive than reusable speculums when factoring in the cost of sterilization and cleaning procedures. They are also more cost-effective for smaller healthcare facilities or clinics that may need more resources for in-house sterilization. A wide range of disposable speculums are available in different sizes, shapes, and materials to meet the needs of different patients and healthcare providers. Disposable speculums are often designed to be more comfortable for patients, with features such as smooth edges and lightweight materials.
The reusable vaginal speculum segment accounts for a considerably lesser revenue share in the global market. A reusable vaginal speculum is a medical device used during gynecological exams to allow a healthcare provider to examine the cervix and vaginal walls. Unlike disposable speculums, which are designed for one-time use and then discarded, reusable speculums are made of materials such as stainless steel or plastic that can be sterilized and reused. Reusable speculums are generally more environmentally friendly and cost-effective than disposable ones, but they require thorough cleaning and sterilization between uses to prevent the transmission of infections. They can also be more durable and long-lasting than disposable speculums, making them a good investment for healthcare facilities.
Vaginal Speculum Market by Material Type
Based on the material type, the global vaginal speculum market is segmented into stainless steel, plastic, and others.
Plastic speculum accounts for a significant revenue share in the global market. Plastic speculums are lightweight and easy to handle, making them convenient for healthcare providers to use during gynecological exams. Plastic speculums have smooth edges and are less likely to cause discomfort or injury to patients during use, making them a more comfortable option. Plastic speculums are generally less expensive than metal or other materials, making them more accessible for smaller healthcare facilities or clinics. Plastic speculums can be sterilized using different methods, such as ethylene oxide gas or autoclaving, making them versatile in different healthcare settings. Plastic speculums are available in various shapes and sizes, allowing healthcare providers to choose the most appropriate speculum for each patient. Plastic speculums can be designed for single use, which reduces the chances of infection transmission between patients.
Similarly, the stainless steel segment is expected to account for a comparatively slow revenue growth during the forecast period from 2023 to 2031. Stainless steel speculums are often used in hospitals and larger healthcare facilities with resources for sterilization and cleaning procedures. Some healthcare providers also prefer them for their precise control during exams. In terms of market revenue share, the stainless-steel segment is expected to have a smaller share compared to the plastic and disposable segments.
Vaginal Speculum Market by End User
Based on the end user, the global vaginal speculum market is segmented into hospitals, diagnostic centers, specialty clinics, and others.
The hospital segment registered the highest CAGR in the global vaginal speculum market in 2022 and is expected to rise significantly during the forecast period. Hospitals have a large patient base and are often equipped with advanced medical technologies, which leads to a higher demand for gynecological exams and related equipment like vaginal speculums. Hospitals perform a wide range of gynecological procedures, including routine examinations, diagnostic procedures, and surgeries, all requiring vaginal speculums. Hospitals have the resources and infrastructure to invest in high-quality, reliable medical equipment, including vaginal speculums. Hospitals must comply with regulatory requirements related to medical equipment, including vaginal speculums, which ensures that they invest in safe and effective equipment. Hospitals have strong purchasing power and can negotiate favorable prices with suppliers, further driving their dominance in the vaginal speculum market.
Vaginal Speculum Market by Region
Based on the region, the global vaginal speculum market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America leads the global market of the vaginal speculum. North America has a well-established healthcare infrastructure with advanced facilities and technologies, contributing to the demand for high-quality medical equipment, including vaginal speculums. There has been a rising incidence of gynecological disorders in North America, such as cervical cancer and sexually transmitted infections, which has led to an increased demand for gynecological exams and related equipment. North America has high awareness and adoption of screening programs for gynecological diseases, such as Pap tests and HPV testing, which has driven the demand for vaginal speculums. North America has favorable reimbursement policies for gynecological exams and related medical equipment, encouraging healthcare providers to invest in high-quality and reliable equipment. North America is home to several major players in the vaginal speculum market, with a significant market revenue share and a strong regional presence.
Competitive Landscape of the Vaginal Speculum Market
The prominent players operating in the global vaginal speculum market are:
Strategic Development in the Vaginal Speculum Market
The disposable vaginal speculum segment dominates the global vaginal speculum market with the largest revenue share.
The global vaginal speculum market is expected to register a revenue CAGR of 3.06% during the forecast period.
Asia Pacific is expected to be the fastest-progressing revenue share in the global vaginal speculum market region.
Some key market players operating in the global vaginal speculum market are Robinson Healthcare Limited, Teleflex Incorporated, Dynarex Corporation, Pelican Feminine Healthcare Ltd., and other notable players.
The expected size of the vaginal speculum market is US$ 1091.55 million in 2031.
*Insights on financial performance are subject to the availability of information in the public domain