Global contraceptives market is
expected to reach USD 30.86 million by 2022, according to a new study by Grand
View Research Inc. Growing prevalence of sexually transmitted infections
(STIs), especially HIV and the introduction of new products exhibiting improved
efficacy are expected to drive the contraceptives market over the forecast
period. The presence of high unmet contraceptive needs coupled with the
implementation of favorable government policies is expected to significantly
contribute towards the growth of the contraceptives industry.
In 2014, contraceptives device was the
largest product segment with revenue estimated at over USD 12.0 billion.
Devices such as condoms and contraceptive sponges, which are relatively
inexpensive and easy to use, are expected to spearhead market growth over the
forecast period. Female condoms are also expected to gain penetration rates
over the next seven years. Growing user awareness levels and improving product
availability are two key factors expected to drive segment growth.
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Research : http://www.grandviewresearch.com/industry-analysis/contraceptives-market
Further key findings from the study suggest:
·
Condoms are identified as the most
lucrative sub segment of the contraceptive devices market. Low prices and
abundant product availability are two key factors expected to drive the condoms
market over the forecast period. The fact that, condoms are effective in
preventing sexually transmitted diseases and unwanted pregnancies is also
expected to boost usage rates.
·
Intrauterine devices, especially hormonal
IUDs are expected to experience attractive growth over the forecast period.
Growing demand for Mirena, Jaydess and Skyla and the commercialization of
Liletta is expected to further drive segment growth.
·
The North American contraceptives market
accounted for the largest revenue share in 2014. Presence of sophisticated
healthcare infrastructure, high user awareness levels and abundant product
availability are key factors attributing to the region’s market position.
·
Latin America is expected to spearhead
future market growth. Numerous government programs and free distribution of
samples within the region are expected to help manufacturers capitalize on the
available opportunities.
·
Asia Pacific is also expected to witness
substantial growth during the forecast period owing to, rapidly rising
population levels and the consequent rise in demand for contraception. Presence
of government initiatives in countries such as India, China, Sri Lanka,
Pakistan, and Bangladesh aimed at slowing down population growth and prevalence
of STDs are expected to promote market growth.
·
Key players of the contraceptives market
include Reckitt Benckiser Plc, Mayer Laboratories, Actavis Plc, Church &
Dwight, Pfizer Inc., Merck & Co., The Female Health Company and Teva
Pharmaceuticals.
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Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
contraceptives market on the basis of products:
Global Contraceptives Product Outlook (Revenue, USD
Million, 2012 - 2022)
·
Contraceptive Drugs
o Contraceptive Pills
o Topical
o Injectables
·
Contraceptive Devices
o Male Condoms
o Female Condoms
o Vaginal Implants
o Subdermal Implants
o Diaphragms
o Sponges
o IUDs
o Copper IUD
o Hormonal IUD
Contraceptives Regional Outlook (Revenue, USD Million, 2012
- 2022)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
o India
o Rest of Asia Pacific
·
Latin America
o Brazil
o Rest of Latin America
·
Middle East and Africa
o South Africa
o Rest of Middle East and Africa
View press release of this research report
by Grand View Research: https://www.grandviewresearch.com/press-release/global-contraceptives-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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