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Contraceptive Sponges Market to Witness Growth Through 2027, Owing to Rise in Public Health Campaigns: TMR

04-27-2017 10:43 PM CET | Health & Medicine

Press release from: TMR

Contraceptive sponges are used to prevent pregnancy. Contraceptive sponges are made of polyurethane foam. These contraceptive foam contain spermicide chemical to prevent the movement of sperm. They also work by preventing the sperm from entering the uterus. These devices are interested into vagina before the intercourse. These are usually 2 inch in diameter and have a loop for easy removal.

Contraceptive Sponges Market: Drivers and Restraints

Increasing importance of family planning is expected to drive the growth of contraceptive sponges market over the forecast period. Safety associated with the contraceptive sponge when compared to contraceptive pills is also both the growth of contraceptive sponges market. These sponge can be used for long duration without removal irrespective of number of times of intercourse is also expected to increase the sales of contraceptive sponges. But inability of these contraceptive sponges to prevent the sexually transmitted disease can be a restraints for the market. Contraceptive sponges are not as effective as condoms in preventing pregnancy is also expected to restrict the growth of the market.

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Contraceptive Sponges Market: Segmentation

The global contraceptive sponges market can be segmented on the basis of Distribution Channel and Region.

On the basis of distribution channel the global contraceptive sponges market can be segmented as:
• Hospital Pharmacy
• Retail Pharmacy
• E-Commerce
• Online Pharmacy

Contraceptive Sponges Market: Overview

Contraceptive sponges market is expected to significant growth over the forecast period. Increasing family planning programs and adoption of voluntary family planning measures is expected to fuel the contraceptive sponge market. Contraceptive pills can cause some health related complication but contraceptive sponges are safe to use. They have also shown significant results in prevention of pregnancy. Other factors which are expected to boost the growth of contraceptive sponges market are that these are easy to use and do not interfere with the intercourse. Use of social media marketing to aware people about the contraceptive sponges is also booting the growth. Spermicide impregnated in the contraceptive sponge kill the sperms and prevent them to reach to uterus. High effectiveness of sponges especially in the women who has not given previously is expected to drive the growth of contraceptive sponges market. Contraceptive sponges are easily available and they are over the counter (OTC) product and can be bought from any pharmacy store easily. E-commerce or online pharmacy is expected to be fastest growing end user segment due to increasing popularity of these distribution channels and easy access.

Contraceptive Sponges Market: Region Wise Outlook

Geographically, the global contraceptive sponges market can be segmented into regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. North America is biggest market for the contraceptive sponges and expected to continue to dominate over the forecast period owning to increasing awareness and focus of companies on this region. Europe is second biggest market for the contraceptive sponges. Women in these regions are increasingly using contraceptive to avoid pregnancy due to carrier related approaches. Asia Pacific excluding Japan and Japan is also expected to show significant growth in the contraceptive sponges market due to increasing awareness regarding the adverse effect of contraceptive pills and use of social media marketing. Increasing government programs regarding the family planning is also expected to drive the growth of contraceptive sponges in this Asia Pacific region.

Contraceptive Sponges Market: Key Players

Some of the market participants in the global contraceptive sponges market are Mayer Laboratories, Inc., Sager Pharma Kft. and Pirri Pharma Canada, Inc. These companies are using social media marketing to aware people about the contraceptive sponges. These companies are also majorly focusing on distribution of contraceptive sponges suing e-commerce.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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• A complete backdrop analysis, which includes an assessment of the parent market
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• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
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• Recommendations to companies for strengthening their foothold in the market

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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