Contraceptives
Market size is set to exceed USD 35 billion by 2024; according to a new
research report by Global Market Insights, Inc.
Rising
prevalence of sexually transmitted diseases, favorable regulatory scenario in
developed nations, increasing delayed pregnancy trend and high unmet
contraceptive needs in developing economies will serve as high impact rendering
factors for the contraceptives market growth.
Increasing
government initiatives to raise awareness to prevent unintended pregnancies and
growing population base creating massive demand for contraceptives will
stimulate business growth over the coming years. Growing late pregnancy choice,
rising burden of HIV epidemic coupled with demand for reproductive health and
modern contraception will propel the industry growth.
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Moreover,
increasing use of contraceptive in under developed countries and rising
awareness towards disease prevention will further boost the business size.
However, growing elderly population pool, increasing infertility prevalence and
several concerns pertaining to side effects may restrain adoption in emerging
economies.
Oral
contraceptive pills market should witness significant growth over the forecast
period owing to factors such as most effective method of birth control, daily
consumption resulting in reduced cramping during periods, enabling acne
reduction and minimized risk of developing cervical & endometrial cancers.
Growing use of injectable drugs that are injected under the skin and released
in the bloodstream to prevent unwanted pregnancy and effective in preventing
unwanted birth will drive the augmented demand for the drug.
Browse
key industry insights spread across 110 pages with 102 market data tables &
10 figures & charts from the report Contraceptives
Market in detail along with the table of contents:
Condoms
segment accounted for the largest share in 2016 and will grow significantly
over the forecast period. Male condoms are widely used and are considered as
first line of protection worldwide. Associated advantages like ease to use,
affordable cost, elevated level of protection and least side effects amongst
all the other devices will drive the segment growth. Furthermore, increasing
demand of IUD’s owing to high degree of effectiveness and most efficacious
alternatives available in female contraceptives market will offer considerable
segment growth.
U.S.
contraceptives market will grow at a substantial rate over the forecast period.
Increasing awareness towards contraceptives and number of advantages associated
with the contraceptive methods resulting in increased usage will fuel the
business growth.
Availability
of the national health insurance scheme for women under the age of 18 covering
UTI and emergency contraception completely, increasing use of contraceptive
methods as well as advent of better methods with low side effects will propel the
industry growth in Germany.
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Increasing
occurrences of STDs, rising awareness about disease and birth control methods,
improving healthcare infrastructure coupled with favorable reimbursement
policies will drive the Chinese contraceptives market over the forecast period.
Rising
awareness about sexually transmitted diseases and benefits delivered by
contraceptive methods will boost Brazil contraceptive market over the coming
years. Availability of pills and condoms in primary healthcare facilities for
free in the country will fuel the industry growth in the country.
Some
of the companies functioning in the contraceptives market are Actavis, Cooper
Surgical, Reckitt Benckiser, Merck, Pfizer, Church & Dwight, Teva
Pharmaceutical Industries, Mayer Laboratories and The Female Health Company.
New
product launches, increasing R&D investments, mergers and acquisition,
geographical expansion will fuel the business growth. Leading business players
will endeavor to reinforce their position in this competitive market by
implementation of these strategies.
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