Market Trends of Vaginal Speculum Industry
This section covers the major market trends shaping the Vaginal Speculum Market according to our research experts:
Disposable vaginal speculum is Estimated to Witness a healthy Growth in Future.
A disposable vaginal speculum is expected to witness healthy growth in the future owing to its low risk of infections and viable alternatives. These devices are widely used for pelvic checkups and increasing cervical cancer cases. For instance, according to Globocan, there are around 14000 new cases in the United States in 2017 result in the high adoption of these devices. Low risk associated with the disposable devices makes it more preferable among doctors and physicians to adopt this disposable vaginal speculum and boost the segment growth.
In addition, with the growing number of corpus uteri (Cervical Cancer) population worldwide will result in high adoption of these devices for diagnosing purpose and further propell the vaginal speculum market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Vaginal Speculum Market due to the rising prevalence of cervical cancer, high rate of diagnosis and treatment related to cervical cancer. As per Global Cancer Observatory, 2018 database, an estimate of 5 lakh people has experienced cervical cancer owing to which there will be the adoption of these devices for screening and monitoring purposes, hence boost the market. Moreover, well-established healthcare infrastructure, favorable reimbursement policies, and government initiatives for the screening of major diseases in this region are also fueling the market.
