Vaginal Speculum Market Seen Soaring 3.2% Growth to Reach USD 10.1 Billion by 2030, Projects Univdatos Market Insights

According to a new report by Univdatos Market Insights, Vaginal Speculum Market is expected to reach USD 8.2 Billion in 2030 by growing at a CAGR of 3.2%. A vaginal speculum is a type of medical device for easing out the process of vaginal examinations. It widens the walls of the vagina and allows the medical practitioners to observe the vaginal canal and cervix for better diagnosis. There are several other speculums present in the market for observation of hollow organs of the body, but the vaginal speculum has gained maximum prevalence among all of them. Several factors are contributing to the growth of the vaginal speculum including the increased consumption of alcohol and tobacco, the surge in awareness programs regarding women’s health, and rising investments in oncology departments are driving the growth of the vaginal speculum. Apart from these factors, rising strategic collaborations are leading the market of vaginal speculum in this forecast period. For instance, in December 2021, Baxter acquired U.S.-based medical technology provider Hillrom, which is one of the leading producers of vaginal speculum.

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The report suggests that the Rising Research on Single-use Vaginal Speculums is one of the major factors driving the growth of the vaginal speculum market during the forthcoming years. The vaginal speculum is a very common type of speculum used in the healthcare sector. Owing to the rising demand for sterilized devices, medical infrastructure is more interested in aligning healthcare staff towards focused patient care rather than investing their time in sterilizing reusable medical devices. Single-use speculums offer time-saving facilities and provide extra comfort to the patients as compared to steel speculums which are cold and uncomfortable to patients. This has driven engrossed research on this subject progressively in recent years. This expenditure is driving the market for the development of new technological advancements in vaginal speculum. There have been an increasing number of launches, FDA approvals, strategic collaborations, and an increasing number of technological advancements focused on vaginal speculum in recent years. For instance, in July 2023, U.S-based Maternova launched a new vaginal speculum named ‘Bouquet Speculum TM’ a new and innovative speculum designed to revolutionize gynecological care, it is a low-cost, plastic single-use speculum available in the market. Also, in February 2021, Cooper Surgical acquired the FDA-approved Mara Water Vapor Ablation System from AEGEA Medical of California which expanded the company’s portfolio of women’s health-based medical goods. It also provides hope for patients to get better care and support through a vaginal speculum, also it can serve as a doorway of opportunities for offering better treatment options in the future.

Fig1: Factors leading to Vaginal Infections, Global

Progressive Artificial Intelligence in Medical Devices:

Traditional report diagnosis and analysis involved human interaction, which had the risk of missing a tinge amount of data due to human errors, which satisfies a popular saying “Humans are bound to make mistakes”. This led to the adoption of newer trends focused on Artificial Intelligence, which would offer far less to the negligible scope of making errors while analyzing data. Here is an example to understand why artificial intelligence is gaining traction in the vaginal speculum market. For instance, BMC Research Notes’s article in December 2022 proposed an idea of cervical pre-cancerous lesion detection with the development of a smartphone-based visual inspection of the cervix after acetic acid application (VIA) application using artificial intelligence which would simplify and magnify cervical cancer screening in settings with low resources by acting as a decision support system.

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Conclusion

The global vaginal speculum market is a rapidly growing field, with advancements in technology leading to improved outcomes for patients with the initial stage of the disease. The global vaginal speculum market is expected to continue to grow in the coming years, as new technologies are developed. Overall, the global vaginal speculum market represents a significant opportunity for medical device companies, which are making strategic alliances to design an effective drug for gynecological cancer treatment. With continued research and development, it is likely that even more effective diagnostics integrated with artificial intelligence will become available in the future, leading to improved outcomes for patients through vaginal speculum.