Press release
Global Contraceptives Market will Rise in Coming Years? Top Players: Bayer Technology Services ,Janssen Europe, Middle East & Africa (EMEA), Allergan plc, Veru Inc., Pfizer Inc., Teva Pharmaceuticals, Mylan, Medisafe Distribution Inc., and Medisafe Distri
The report analyses various factors and estimates that the market will display a healthy CAGR of 5.9% during the forecast period.
Contraceptives, in basic terms, refer to a basket of methods, devices, drugs, procedures that are used for birth control. These devices enable a man and woman to enjoy a healthy sex life without the fear of pregnancy. Some commonly used contraceptive techniques include the use of contraceptive pills, copper IUD, hormonal IUD, condoms, injections, diaphragm, and cervical cap.
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https://www.fortunebusinessinsights.com/industry-reports/contraceptives-market-100064
Key Players Covered:
• Bayer AG,
• The Janssen Pharmaceutical Companies of Johnson
• Merck, Teva Pharmaceuticals
• Allergan
• Reckitt Benckiser plc
• Mylan Laboratories Limited
• Church & Dwight, Co.,
• Medisafe Distribution Inc
• The Female Health Company
Rising Awareness of Family Planning Benefits to Propel Growth
The WHO estimates that around 214 million women in the reproductive age bracket in developing nations wish to avoid pregnancy and are aware of contraceptive methods. The global contraceptives market growth is premised on the increasing awareness in emerging nations where governments are taking active efforts to curb the population growth. For example, in India, the government has launched a National Program for Family Planning to spread awareness about the importance of family planning, especially on the health of the woman. Informed planning can save the woman from unwanted pregnancies, unsafe abortions, and early-age childbearing.
Need for Containment of Spread of STDs to Boost the Relevance of Contraceptives
The global contraceptives market revenue is set to get a boost owing to the fact that contraceptive devices such as condoms can effectively protect against contracting sexually transmitted diseases (STDs). For example, research by the Centre for Disease Control and Prevention reveals that STDs spread through skin-to-skin contact, such as herpes and syphilis, can be prevented using condoms. Rising prevalence of STDs, especially HIV, have necessitated the use of contraceptives. The global contraceptives market stands to gain from this development.
Risk of Possible Side-Effects May Hinder Market Growth
Despite their apparent benefits, contraceptives can have certain disadvantages as well. For example, hormonal implants require a minor surgery, may infect the area where the implant has been done, and does not protect against STDs. Similarly, copper IUDs can cause infection and do not offer protection from STDs. These factors can negatively hamper the global contraceptives market till 2025.
Product Launches by Key Players to Intensify Competition
Competition among key players in the global contraceptives market is expected to get energized by launch of new products and governmental approvals. For instance, Allergan launched TAYTULLA in November 2016 as the first oral contraceptive administered in a soft-gel capsule for prevention of unwanted pregnancy. Furthermore, in 2018, FDA green lit the NATURAL CYCLES mobile app, developed by CERN scientist Elina Berglund, which facilitates calculation of fertility cycles and prevents pregnancy.
Fortune Business Insights covers some of the major companies in the global contraceptives market, which include Pfizer Inc., Reckitt Benckiser Group plc, Medisafe Distribution Inc., Merck & Co., Inc., Bayer AG, Allergan, Church & Dwight Co., Inc., and others.
High Contraceptive Usage in North America to Surge the Global Contraceptives Market Revenue
In 2017, the North America market was valued at US$ 10,015.0 mn and the growth trend witnessed in this region is expected to continue through the forecast period. With the U.S. and Canada witnessing increasing incidence of teenage pregnancy, North America is expected to dominate the global contraceptives market share till 2026.
While Europe is projected to register a reasonably high CAGR, Asia-Pacific is anticipated to exhibit a higher CAGR owing to the measures introduced by their governments to control population growth in their countries. This will significantly expand the global contraceptives market size. Latin America, the Middle East, and Africa are promising regions as the awareness about contraceptives grows.
TABLE OF CONTENT:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Fertility Statistics - Key Countries, 2017
4.2 New Product Launch
4.3 Pipeline Analysis
4.4 Regulatory Scenario - Key Countries
4.5 Technological Advancements
4.6 Key Industry Developments - Partnerships, Mergers & Acquisitions
5. Global Contraceptives Market Analysis, Insights and Forecast, 2014-2025
TOC Continued…!
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