The global Speculum Market is expected to reach USD 1,106.5 Million by 2028, according to a new report by Reports and Data. Growing use of Speculum in gynecology diagnosis is one of the significant factors influencing market growth. Cervical cancer is one of the most common causes of cancer in women, with over 500,000 new cases taking place per year across the globe. Cervical cancer is generally diagnosed between the age range of 35 years and 44 years. Approximately 15.0% of women aged above 65 years are diagnosed with cervical cancer. In 2019, over 13,000 women in the U.S. were diagnosed with invasive cervical cancer. Occurrence rates for the disease fell by over 50% between 1975 and 2015 owing partially to an increase in screening, which can detect cervical changes before becoming cancerous. Survival rates in cases of cervical cancer depend on several factors, such as the diagnosis stage of cervical cancer. When diagnosed at an early stage, the survival rate is around 92.0% for women having invasive cervical cancer.

The market demand is anticipated to be driven by increasing expenditure on personal health and routine examinations, as well as growing awareness among women of gynaecological illnesses around the world. Also, the expansion of healthcare infrastructure in emerging nations and the expansion of government campaigns to raise awareness of the various types of cancer that affect women are driving the market's rise during the projection period.

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Further key findings from the report suggest

• By raw materials, plastics are estimated to witness a faster growth rate in the period 2019-2027.
• By product type, two blade Speculum contributed to the largest market share in 2018. The two blades of this product facilitate its entry in its final position where they can be positioned by a screw mechanism, to enable the operator to perform diagnosis/surgery while keeping the blades apart.
• By usability, disposable Speculum held a major market share in 2018 and is estimated to grow at a rate of 3.7% in the forecast period. The high demand for disposable Speculum is owing to higher usage frequency and chances of decreased infection risk.
• By end-users, hospital accounted for the largest market share in 2018 and projected to grow at a rate of 3.0% in the forecast period. The high market share of hospitals clinics is owing to higher purchasing power of hospitals, well-resourced diagnostic rooms, and availability of proficient healthcare professionals, among others.
• North America held the largest market size in 2018 and is anticipated to witness a growth rate of 3.2% in the forecast period. The market dominance of North America is due to the growing prevalence of cervical cancer, well-established healthcare facilities, supportive government initiatives for screening cervical cancer, and the presence of leading market players.

Competitive Outlook of the Global Speculum Market

The globla Speculum market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Speculum market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.

Top Companies Profiled in the Report:

CooperSurgical Inc., Welch Allyn, Becton, Dickinson and Company, B. Braun Melsungen AG, Teleflex Inc., Integra Lifesciences, Robinson Healthcare, Dynarex Corporation, Steris, and OBP Medical Corporation, among others.

Speculum Market Segmentation:

Raw Material Outlook (Revenue, USD Million; 2018-2028)

• Metals
• Plastics

Product Type Outlook (Revenue, USD Million; 2018-2028)

• One Blade Speculum
• Two Blade Speculum
• Three Blade Speculum
• Others

Usability Outlook (Revenue, USD Million; 2018-2028)

• Reusable
• Disposable

Application Outlook (Revenue, USD Million; 2018-2028)

• Diagnosis
• Surgery

Geographic Segment Covered in the Report:

The Speculum report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)
  
  
• Europe (UK, Germany, France and the rest of Europe)
  
  
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  
  
• Latin America (Brazil, Mexico, and the rest of Latin America)
  
  
• Middle East and Africa (GCC and rest of the Middle East and Africa)

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