Contraceptive Drugs and Devices Market is Growing at a Highest CAGR of 7.5% with Top Players like Pfizer, Merck, Teva Pharma, Agile Therapeutics, Actavis, Church & Dwight

Marketprognosis.com Publish a New Market Research Report On “Global Contraceptive Drugs and Devices Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Contraceptive Drugs and Devices Market:

The report spread across 119 pages is an overview of the Global Contraceptive Drugs and Devices Market. These report study based on the Contraceptive Drugs and Devices Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Contraceptive Drugs and Devices Market was valued at USD 21.1 Billion in 2017 and is projected to grow at a CAGR of 7.5% during the forecast period (2018 - 2023). China being the world’s most populated country has around 1.36 billion population and has one of the highest rates of contraceptives use.

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Unintended pregnancies growing at a faster pace; Not using of the contraceptives or the incorrect use of the contraceptives may result in unintended pregnancies and the number of unintended pregnancies percentage is higher in the teens younger than 18 years, followed by the age group of 20-24 years. In the United States, the proportion of pregnancies that were unintended increased slightly between 2001 and 2008 (from 48% to 51%), but, by 2011 it decreased to 45%. And in 2014, these contraceptives have helped women to avoid 2 million unintended pregnancies, which would likely have resulted in 900,000 unplanned births and nearly 700,000 abortions. However, over past few years the awareness on contraception has contributed to both decline in unplanned pregnancies and also growth in the usage of the contraceptives market.

High cost of IUD (Intrauterine devices); The high costs of the IUD devices have been a barrier for many of the women’s as IUDs are very expensive primarily because of the procedures involved which is known as implanting. The normal cost to insert or remove IUD is around USD 150 to USD 250, depending on the service. The IUD choice of method may not be chosen often because of the cost, which acts as a major restrain to the market growth.

As per the regional analysis, In North America, over 90% of the female population uses the modern contraceptive techniques. The use of contraceptives is the highest in North America, whose share is estimated to be 75.4%. Following North America, Europe is the second largest market globally and the preference of the contraceptives generally varies by region.

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Major Key Players:

1 Pfizer

2 Merck & Co.

3 Teva Pharmaceuticals, Ltd.

4 Agile Therapeutics

5 Actavis Plc

6 Ani Pharmaceuticals, Inc.

7 Church & Dwight, Co. Inc.

8 Fuji Latex Co., Ltd and More……………

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2023 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the challenges to market growth?

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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