Press release
Contraceptive Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2032
Global Contraceptive Devices Market
In 2021, the market for contraceptive devices had a value of $12.7 billion. The market is expected to develop at a compound annual growth rate (CAGR) of 6.96% from 2022 to 2027, reaching US$ 18.7 billion. We are regularly tracking and assessing the direct as well as the indirect impact of the pandemic while keeping in mind the COVID-19 uncertainties. These observations are cited in the study as a significant market contributor.
The term "contraceptive devices" refers to a variety of birth control methods intended to prevent pregnancies and sexually transmitted infections, such as HIV. Condoms, diaphragms, cervical caps, sponges, vaginal rings, subdermal implants, and intrauterine devices are a few of the frequently employed contraceptive methods (IUD). The majority of the time, these devices have spermicides to chemically neutralise the sperm. They are tailored for both male and female users. Additionally, certain tools function as a physical barrier to stop sperm from entering the uterus, preventing insemination and lowering infection risks.
Market Analysis and Size
Around 214 million women of reproductive age in poor nations planned to abort their unborn children in July 2020, according to the World Health Organization. Nearly half of all pregnancies between 2015 and 2019 were proven to be unplanned, according to the same survey. There is a sizable need for contraceptive devices as a result of the increase in unintended pregnancies, which will propel the industry even further.
Due to the wide range of female contraceptive options available, such as diaphragms, intrauterine devices, subdermal implants, vaginal rings, and other Devices, it is expected that female contraceptive devices will have the biggest market share. The market for contraceptive devices was anticipated to be worth USD 9023.02 million in 2021 and is projected to increase to USD 14933.06 million by 2029, with a CAGR of 6.50% predicted for the forecast period of 2023 to 2032.
Key Market Segmentation:
Includes predictions for the global, regional, and national levels from 2023 to 2032 along with an analysis of the important trends in each sub-segment of the worldwide contraceptive devices market research. According to the kind of device, end user, and distribution channel, our analysis has segmented the market.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Contraceptive Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Contraceptive Devices market covering all its essential aspects.
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Global Contraceptive Devices Market: Segmentations
Global Contraceptive Devices Market: By Key Players
Ansell
Actavis
Bayer
Merck & Co
Okamoto Industries
The Female Health Company
TodaySponge
HLL Lifecare
Agile Therapeutics
Caya
Teva Pharmaceutical
Condomi Health
Karex Industries
Medicines360
Global Contraceptive Devices Market: By Types
Male Contraceptive Devices
Female Contraceptive Devices
Global Contraceptive Devices Market: By Applications
Hospital Pharmacy
Retail Pharmacy
E-Commerce
Online Pharmacy
Global Contraceptive Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Contraceptive Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Competitive Landscape:
The Female Health Company, Inc., CooperSurgical Inc., Merck & Co., Mylan Inc., Pfizer Inc., Reckitt Benckiser Group plc, Teva Pharmaceutical Industries Ltd., and Bayer AG are some of the major competitors in the market that have been analysed in the study.
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COVID-19 Impact on Contraceptive Devices Market
The market for contraceptive devices was adversely affected by the COVID-19. The market for contraceptive devices has suffered significantly as a result of the COVID-19 outbreak. The epidemic has changed the social and economic conditions of people. In the early stages of a pandemic, there was little demand for contraception because it was prohibited for individuals to visit their doctors during a lockdown unless it was an emergency.
FREQUENTLY ASKED QUESTIONS
• What is the future market value for Contraceptive Devices Market?
• What is the growth rate of the Contraceptive Devices Market?
• Which are the major market drivers for Contraceptive Devices Market?
• Who are the major players operating in the Contraceptive Devices Market?
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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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