Press release
Global Contraceptive Devices Market to Show Tremendous Growth by 2027 | Leading Players-Bayer AG, Pfizer Inc, Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck Sharp & Dohme Corp, Mylan N.V.
Global Contraceptive Devices Market
Market Analysis: Global Contraceptive Devices Market
Global contraceptive devices market is registering a substantial CAGR of 7.90% in the forecast period of 2019-2026. This rise in the market can be attributed to the initiatives taken by government and NGO's about contraceptives and regular advancement in technologies.
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Global Contraceptive Devices Market By Product Type (Male Contraceptive Devices, Female Contraceptive Devices), Technology (Hormonal Contraceptives, Barrier Contraceptives), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel & NGOs, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2026
Key Market Competitors:
Few of the major market competitors currently working in the global contraceptive devices market are Bayer AG, Pfizer Inc, Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck Sharp & Dohme Corp, Mylan N.V., ALLERGAN, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe Distribution Inc., CooperSurgical, Inc., Devex, Mayer Laboratories, Inc., Medisafe Distribution Inc., ANSELL LTD., Reckitt Benckiser Group plc., Agile Therapeutics, Inc., HLL Lifecare Limited, Mankind Pharma, TTK HealthCare, Boehringer Ingelheim International GmbH, V-Care Pharma Pvt. Ltd., Vardhaman Lifecare Pvt Ltd, Cipla Inc.
Competitive Analysis:
Global contraceptive devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of contraceptive devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Contraceptive Devices Market
Contraceptive devices are used to avoid pregnancy by the use of medical devices, medicines, and surgical methods. The sexually transmitted diseases (STDs) are also prevented by the use of it. It may be temporary or permanent and accessible to males and females accordingly. Permanent techniques include women's sterilization and men's sterilization Hormonal and non-hormonal are temporary techniques.
Market Drivers
Regular technological advancement is driving the growth of the market
Numbers of initiatives taken by the government is helping to grow the market
Allowance for contraceptive device on the regular basis drives the market growth
Increasing initiatives and support by various NGO's are also helping the market to grow
Improper family planning is driving the market growth
Market Restraints
Surging infections due to the use of contraceptive devices are restraining the market growth
Increasing incidence of infertility hinders the growth of the market
Side effects of contraceptive devices restricts the market growth
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Segmentation: Global Contraceptive Devices Market
By Product Type
Male Contraceptive Devices
Female Contraceptive Devices
Female Condoms, Diaphragms & Sponges
Vaginal Rings
Intrauterine Devices
Sub-dermal Implants
Others
By Technology
Hormonal Contraceptives
Barrier Contraceptives
By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Clinics
Online Channel
Public Channel & NGOs
Others
Key Developments in the Market:
In September 2017, Government of India launched two new contraceptives. New contraceptives will be introduced to widen the basket of options for the population of the country to meet their needs for family planning. Under the government's Mission ParivarVikas, a key family planning initiative, contraceptives are being introduced.
In September 2017, Prega News of Mankind Pharmaceuticals partnered with SpiceJet. This collaboration will be launching a series of initiatives to make air travel more enjoyable and comfortable for pregnant women.
Reasons to Purchase this Report
Current and future of global contraceptive devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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