Need to Prevent Sexually Transmitted Diseases (STIs) for Public Health Drives Global Contraceptives Market

Transparency Market Research has published a new report on the global contraceptives market. As per the report, the global contraceptives market is predicted to progress from US$15.7 bn in 2013 to US$19.6 bn by 2020. The report, titled ‘Contraceptives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, states that the global contraceptives market is expected to expand at a 3.10% CAGR during the period from 2014 to 2020.

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Contraceptives are devices and drugs that help in preventing pregnancy and avoid sexually transmitted infections. Growing awareness about using contraceptives to prevent sexually transmitted infections has led to the growth of the global contraceptives market in the recent past. Various awareness initiatives taken by the key players is another important factor expected to propel the global contraceptives market in the coming few years. Bayer HealthCare, a leading player in the global contraceptives market, along with 11 NGOs, organizes the World Contraception Day on September 26 every year to spread awareness about the benefits of using contraceptives. The leading players in the global contraceptives market enable the youth to make the right decision about personal reproductive health.

Actavis, Inc., Church & Dwight, Co., Inc., Mayer Laboratories, Inc., Reckitt Benckiser plc, Teva Pharmaceutical Industries Ltd., The Female Health Company, Bayer AG, CooperSurgical, Inc., Merck & Co., Inc., and Pfizer, Inc. are some of the leading companies in the global contraceptives market. Leading companies are looking forward to merge with the new entrants in order to maintain their dominant positions in the years to come.

The global contraceptives market is segmented on the basis of geography and product type. Based on product type, the global contraceptives market is classified into drugs and devices. The drugs segment is sub-segmented into oral contraceptive pills, contraceptive injectable, and topical contraceptives. The devices segment is sub-segmented into male and female contraceptives. In 2013, the contraceptive pills segment dominated the global contraceptives market in terms of revenue. In 2013, the intrauterine devices sub-segment dominated the female contraceptives segment because of high usage rate in China and Europe. However, the share of the intrauterine devices sub-segment is expected to reduce in the years to come due to the introduction of other devices such as female condom FC2, non-surgical permanent contraception devices, and contraceptive implants such as Sino-implant.

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By geography, the global contraceptives market is divided into Asia Pacific, Europe, North America, and Rest of the World. In 2013, the global contraceptives market was led by North America due to the rising incidence of unintended pregnancies, increased use of oral contraceptive pills and emergency contraceptive pills, and availability of reimbursement policies. Asia Pacific is predicted to be the most favorable market for contraceptives in the years to come due to strong economic growth of several countries in the region. Increased incidence of unintended pregnancies and sexually transmitted diseases is predicted to propel the global contraceptives market during the forecast period.

Key Segments of Global Contraceptives Market

Global Contraceptives Market, by Product Types
•Drugs
oOral Contraceptive Pills
oContraceptive Injectable
oTopical Contraceptives
•Devices
oMale Contraceptive Devices (Male Condoms)
oFemale Contraceptive Devices
Female Condoms
Sub-dermal Contraceptive Implants
Intrauterine Devices
Contraceptive Vaginal Rings
Contraceptive Diaphragm
Contraceptive Sponges
Non-Surgical Permanent Contraception Device

Global Contraceptives Market, by Geography
•North America
•Europe
•Asia Pacific
•Rest of the World (RoW)

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