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The Global Plastic Disposable LED Vaginal Speculum and Metal Vaginal Speculum Market is Growing Steadily, Mainly Driven by the Increase in the Incidence of Cervical Cancer in Women

Vaginal speculum is a metallic device used to open the orifice of vagina to inspect the vaginal wall and cervix, and collect cervical cells for pap smear test, a diagnostic examination for cervical cancer in women. With the development of economy and human pursuit of a higher standard of living, the growth of the market of vaginal speculum has been greatly promoted by women enhanced health awareness and increasingly prevalent gynecological diseases worldwide.

According to raw materials vaginal speculum is divided into plastic and metal. Made of low cost non-toxic plastic, the general plastic is disposable used to avoid cross infection. It consists of fixed wing, movable wing, fulcrum, fulcrum chute, shifting tooth, hanging tooth, armrest and handle. It is flexible and convenient to use for it can open angle and expand peephole. The existing voyeur is made of metal and is screwed in a spiral manner. This device is expensive to manufacture and cumbersome to operate. Moreover, repeated disinfection and repeated use for a long time are prone to cross infection.

The woman vagina is very deep. Its outer end is the size of the labia, and the inner end is the cervix. They are often closed. To check for lesions in the vagina and cervix, you must use a vaginal device. At the same time, with the advancement of human medical awareness, vaginal speculums are widely used in hospital, ambulatory surgical centers, clinics, diagnostic centers. Among them, hospitals and clinics account for most of the downstream consumer markets. In addition, ambulatory surgical centers are also downstream buyers, and some diagnostic centers will also purchase such products.

Industry Prospects Analysis of Plastic Disposable LED Vaginal Speculum and Metal Vaginal Speculum in Various Regions

After a period of development, the plastic disposable LED vaginal speculum and metal vaginal speculum industry is in a mature period, with a fierce competition institution. The companies are mainly from United States and Europe; the industry concentrate rate is relatively high. Top 3 companies are covering 45.21% market share, namely Welch Allyn, OBP Medical, CooperSurgical, with the revenue market share of 20.02%, 15.59%, and 9.61% in 2017.

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North America was the largest revenue market with a market share of 49.29% in 2013 and 46.90% in 2018 with a decrease of 2.39%. Europe ranked the second market with the market share of 22.73% in 2017. Also, rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam have led to an increase in demand. The Asia Pacific market for plastic disposable LED vaginal speculum and metal vaginal speculum is expected to be the market with the most promising growth rate.

In developing market, for example, China, India have the largest population in the world. With the progress of economy, the advanced awareness of women health, the higher living standards, the market of vaginal speculum has great market potential. In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Plastic Disposable LED Vaginal Speculum and Metal Vaginal Speculum.

The Global Plastic Disposable LED Vaginal Speculum and Metal Vaginal Speculum Industry Has Great Market Potential, with High Technical Requirements

According to our research, the global plastic disposable LED vaginal speculum and metal vaginal speculum Industry markets has a total sales value of 16.83 M USD back in 2013, and increased to 20.99 M USD in 2018. We made the prediction that the value of plastic disposable LED vaginal speculum and metal vaginal speculum markets can be 23.51 M USD by 2023.The CAGR of plastic disposable LED vaginal speculum and metal vaginal speculum is 2.63% from 2017 to 2023.

The growth of the plastic disposable LED vaginal speculum and metal vaginal speculum market is largely driven by downstream consumptions. The rising awareness about health care in emerging economies is also propelling this market considerably around the world. Many businesses emerged to the market, updating their technology and keep on product innovation, which increased the penetration of more productive and cost-effective, high performance plastic disposable LED vaginal speculum and metal vaginal speculum. The global plastic disposable LED vaginal speculum and metal vaginal speculum market is driven by increase in incidence of cervical cancer among women, high rate of diagnosis and treatment for cervical cancer, improvement in health care infrastructure, government initiatives for cervical cancer screening programs, and low cost.

Although sales of plastic disposable LED vaginal speculum and metal vaginal speculum brought some opportunities, especially in the emerging countries, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the plastic disposable LED vaginal speculum and metal vaginal speculum field.

The vaginal speculum is mainly restricted by the crowd, and few women like to use the vaginal speculum. The vaginal speculum will cause pain during use, and more importantly, psychological barriers. People will feel the special use of vaginal speculum, especially in countries with traditional ideas. innovation of technology is a promote factor of this industry, however, lack of technical and process breakthroughs will be one of the hamper factor. The lack of awareness of women health care in some areas will also become one of the limitations. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.

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