Contraceptive Devices Market 2021: Global Share, Industry Overview, Trends, Growth Factor and Global Forecast To 2025

Several private institutions and government organizations are actively participating to spread awareness on the use of contraceptives. This, as per Fortune Business Insights is the chief driver of the global “contraceptives devices market”. Fortune Business Insights in a new report, titled “Contraceptives Devices: Global Market Analysis, Insights and Forecast, 2018-2025” predicts the market to exhibit a CAGR of 6.0%. The report further calculated the value of the contraceptives devices market as US$ 7013.8 Mn in the year 2018 and expected the market to reach US$ 11166.4 Mn by 2025.

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The report provides market analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Key Companies and Manufacturers Covered:

Janssen Pharmaceutical Company
Allergan plc
Veru Inc.
Pfizer Inc.
Teva Pharmaceuticals Industry
Mylan
Medisafe Distribution Inc.
Reckitt Benckiser plc.

Lack of Proper Family Planning Will Fuel Demand for Contraceptive Devices

“The demand for contraceptive devices and drugs is likely to increase owing to the rising prevalence of STDs,” stated a lead analyst at FBI. These include injectable contraceptives, hormonal oral pills, and topical contraceptives. “This, coupled with the lack of family planning, drives the contraceptive devices market,” he added. Furthermore, unwanted pregnancies can have widespread implications. This is further expected to increase the requirement of fertility control devices over the upcoming years. In addition to this, the rapid growth in population across the world is anticipated to enable contraceptives market witness accelerated gains. Several companies are increasing awareness on the use and safety of contraceptive devices. This is also considered as a growth factor driving the contraceptive devices market. These devices are preferred more as they offer a safer course of action. All the above factors are anticipated to witness promising growth in the contraceptive devices market between 2018 and 2025.

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Adverse Effects of Contraceptives and their Limited Supply May Restrict the Market’s Growth

Although the use of contraceptives is increasing, there are some risks associated with the use of the same. These risks include infections which compe people to opt for permanent contraception methods. Also, there are millions of men and women who don’t use contraceptive devices owing to their limited supply. Not all countries have access to contraception, which limits the growth of the contraceptive devices market.

Global Contraceptive Devices Market Segmentation:

By Product Type

Male Contraceptive Devices
Female Contraceptive Devices
Female Condoms, Diaphragms & Sponges
Intrauterine Devices
Sub-dermal Implants
Others

By Technology

Hormonal Contraceptives
Barrier Contraceptives

By Distribution Channel

Hospital Pharmacy
Retail Pharmacy
Clinics
Online Channels
Public Channel & NGO
Others

By Geography

North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Reasons to Purchase this Report:

Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
Market dynamics and opportunities for growth for players in the near future.
Competitive landscape describing the market revenue shares of key players.
Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.
Our proven methodologies and systematic analysis help in making confident business and strategic decisions.

A market study that conducts at Fortune Business Insights can save significant cost and time, and can help prevent making costly mistakes.

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