Contraceptive devices Market Predicted 7.5% CAGR Growth by 2024 |A report by Bayer HealthCare AG, Medisafe Distribution, Teva Pharmaceutical Industries Limited, Medicines360, Pace Pharmaceuticals, Actavis and others
The contraceptive devices report further contains the SWOT analysis for the contraceptive devices market which ascertains the market driver and restraints. The contraceptive devices market report estimates the CAGR levels for the forecast years 2019 to 2024.
Birth Control Devices market accounted to USD 12.2 billion in 2016 which is to grow at a CAGR of 7.5% during the forecast period of 2019 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2024.
Key Insights in the report:
• Competitive analysis of the key players involved
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
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Major Market Competitors:
1. Bayer HealthCare AG
2. Medisafe Distribution
3. Teva Pharmaceutical Industries Limited
5. Pace Pharmaceuticals
7. Church & Dwight.Co
8. Cooper Surgical
9. Mayer Laboratories
10. Merck & Co
11. Reckitt Benckiser
12. Pfizer are among others.
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Major market drivers and restraints:
• Increasing Global Prevalence of Sexually Transmitted Diseases (STDs)
• Increasing awareness for contraceptives worldwide
• Rise in need to reduce unwanted pregnancy
• Technological advances in contraceptive methods
• Upsurge in government and NGO initiatives promoting contraceptives
By product the market for global contraceptive devices market is segmented into
• Male contraceptive devices
• Female contraceptive devices
• Contraceptive Sponges
• Contraceptive Diaphragms
• Contraceptive Patches
• Sub-dermal Contraceptive Implants
• Non-Surgical Permanent Contraceptive Devices
• Contraceptive Vaginal Rings
The female contraceptive devices are further segmented into
• Female Condoms
• Intrauterine Devices
By end-user the global contraceptive devices market is segmented into
• Ambulatory Surgical Centers
On the basis of geography, global contraceptive devices market report covers data points for 28 countries across multiple geographies such as
• North America & South America
• Middle East & Africa.
Some of the major countries covered in this report are
• South Korea
• Saudi Arabia
• South Africa
• Brazil among others.
In 2017, North America is expected to dominate the market.
The global birth control devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global contraceptive devices market for Global, Europe, North America, Asia Pacific and South America.
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