Press release
Global Contraceptives Market to grow at 6% CAGR from 2016 to 2023
Global Market Insights, Inc.
Contraceptive devices market size in 2015 was over 68% of the global revenue. Surge in the education levels regarding usage of various contraceptive devices should increase demand for contraceptive devices market. Condoms are mostly preferable for contraception due to affordability and availability. Condoms market size was over USD 7 billion in 2015, and expanding at over 8% CAGR from 2016 to 2023. The presence of a varied range of female and male condoms and the overall increase in awareness levels will fuel the market revenue.
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Diaphragms are dome shaped flexible disc made up of rubber and silicone. It acts as a barrier to sperm entrance into womb. Diaphragms market revenue is expanding at 2.5% CAGR from 2016 to 2023. Intra Uterine Devices (IUD) are mainly used for long term contraception up to 5 to 10 years. According to UN statistics, 14% of married women used IUD for contraception. Robust R&D facilities will offer innovative products such as Liletta are expected to boost contraceptives market size over forecast time frame.
Contraceptive drugs market size is estimated to exceed USD 9 billion. Oral contraceptive pills market size was the leading product in 2015 on account of high degree of awareness.
To access sample pages or view this report titled, “Contraceptives Market Size By Product (Drugs [Oral Contraceptive Pills, Injectables, Topical], By Devices Condoms, Diaphragms, Sponges, Vaginal Rings, Subdermal Implants, Copper IUD, Hormonal IUD], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, India, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 - 2023” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/contraceptives-market
U.S. contraceptives market size is set to gain traction on account of rise in the education levels of various novel contraceptive methods coupled with increased sexually transmitted diseases (STD), and growth in the population base of women aged between 15 and 44 years. The regional industry revenue was USD 5 billion in 2015, with growth estimation pegged at 5.4% from 2016 to 2023.
Asia Pacific contraceptives market size growth is a result of the increased healthcare expenditure, infrastructure, and growing disposable income levels. Favorable government initiatives to increase the reproductive education and health levels is a strong revenue driver.
The Brazil contraceptives market size is projected to grow at 9.4% CAGR through the forecast timespan. Free sample distribution and government initiatives to create awareness in LATAM expected to fuel the contraceptives market in the region.
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Key industry players include Reckitt Benckiser, Cooper Surgical, Pfizer, Merck & Co., Church & Dwight Co Teva Pharmaceutical Industries, Mayer Laboratories, The Female Health Company, and Actavis.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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