Press release
Contraceptive Sponges Market Growth Prospects And Outlook 2020-2025
Contraceptive Sponges Market - Growth, Trends And Forecasts (2020 - 2025)The report presents an in-depth assessment of the Contraceptive Sponges including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Contraceptive Sponges investments from 2020 till 2025.
The global contraceptive sponge market is projected to grow at a CAGR of 2.5% during the forecast period (2019-2024).
The Contraceptive Sponges market is highly competitive and consists of a number of major players: Mayer Laboratories, Inc., Tree of Life Pharma Ltd., Innothera and Others
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Scope of the Report
The global contraceptive sponge market has been segmented by distribution channel (which includes Pharmacies, Online retailers and other channels); and geography (which includes North America, Europe, Asia-Pacific, South America and Middle East and Africa).
Key Market Trends
Use of contraceptive sponges to avoid unwanted pregnancies
Although other competing products such as condoms and pills are more popular among the consumers, contraceptive sponges are increasing its traction in the near future. Also, there has been an increased teen pregnancy in the past few years. Centers for Disease Control and Prevention (CDC) in 2017 estimated about 194,377 babies were born to women aged 15-19 years and existed a birth rate of 18.8 per 1,000 women in this age group. Therefore, favorable regulatory bodies spreading knowledge regarding the use of contraceptives to avoid unnecessary births have boosted the market growth to have a healthy country.
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North America to drive the market
Asia-Pacific is dominating the market owing to the greater awareness through social media marketing and the rising number of government initiatives that help in increasing the overall market. Also, with the increasing internet penetration, online market for the purchase of consumer goods including contraceptive sponge has seen a rapid growth globally in last 3-4 years. This category has attracted a few vertical specialists like Amazon, Walmart, Carrefour etc. who are riding on increasing e-retailing growth and vying for a significant pie in online consumer goods space.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Contraceptive Sponges Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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