Contraceptive Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Condoms, Diaphragms, Cervical Caps, Sponges, Vaginal Rings, Intra Uterine Devices (IUDs), and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others), By End User (Male, and Female), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationContraceptive Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Condoms, Diaphragms, Cervical Caps, Sponges, Vaginal Rings, Intra Uterine Devices (IUDs), and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others), By End User (Male, and Female), By Region
The global contraceptive devices market is estimated to increase at an impressive rate through 2027. People use contraceptive devices to avoid pregnancy and infectious diseases spread through their genitals. Contraceptives find in the market include caps, combined pills, contraceptive implants, diaphragms, vaginal rings, intrauterine devices, and a condom. These devices are made for and used by both male and female users. Contraceptive devices act as a physical obstacle preventing sperm from contacting a uterus. Thereby, it helps in restraining insemination and reducing the risk of infection. The rising prevalence of STDs and growing awareness of people's overpopulation control are expected to drive the market for contraceptive devices.
In 2020, The fertility rate in the United States Fertility Rate was 1.78 per person
Rising Prevalence of STDs and Growing Awareness is Propelling the Market
People are facing different complications and problems due to variations in their daily lifestyles. Lifestyle involves diet, sleeping hours, physical activities, and psychological conditions like stress, anxiety, and other problems. STDs (sexually transmitted diseases) are a significant global health issue. According to the WHO, on average, 1 out of 25 people face STDs, which may be one STI or multiple infections at the same time, which means 4% of the global population is suffering from STDs. After analyzing the scenario, people are more aware of the STDs and opt for different methods the keep themselves safe. As a result, the demand for contraceptive devices is expected to swell in the forthcoming years. International agencies and governments worldwide are running different awareness campaigns and distributing contraceptive devices to stop STDs from spreading and controlling the rapid boost of the population. Various governments of the world are running separate campaigns such as STI National Strategic Plan and providing funds and grants to NGOs or organizations working in this sector to take control over STDs. This favorable condition is going to impact the growth of contraceptive devices positively.
The rapidly growing population of developing economies is a significant concern for the people as well as the government. Countries like India and China have established government organizations to help the different ministry to take preventive measures and control the problem. Due to modernization, people are busy with their work and are adopting family planning for career building. According to WHO, in 2019, there were 1.9 billion women of reproductive age group globally; out of them, 1.1 billion needed family planning. Thus, the demand for contraceptive devices is going to increase for population control. Additionally, the high absorption rate, rise in disposable income, and effort by the market player are the factor that led to increasing demand for contraceptive devices in the market for a projected year.
Health Issue Associated with Contraceptive Devices is Restraining Growth
Every medicine has side effects on the consumer after completing the dose or treatment. Same as the increased risk of infection involved in the use of a contraceptive device which could lead to infertility. These factors are expected to create hurdles in the adoption of the contraceptive devices market. Apart from these, the lack of social acceptance and competition between the rivals to make the alternative can negatively influence the growth of the market.
Increase in Research and Development Investment
Expansion in the contraceptive devices market is driving the launch of new products and deliberate partnerships among the organizations. The current scenarios will help both organizations to use their competencies to develop innovative products and increase profits. Apart from these, rising disposable income around developed countries is expected to propel the market.
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Market Segmentation
The global contraceptive devices market is segmented
Market Players
Cooper Surgical, Inc., Pfizer, Inc, Merck & Co Inc, AbbVie, Inc, Teva Pharmaceutical Industries Limited, Ansell Ltd, Bayer AG, Mayer Laboratories Inc, Church & Dwight Co Inc, Reckitt Benckiser Group plc are the major player operating in the contraceptive devices Market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Company Share, Competitive Landscape, Growth Factors, and Trends |
| Segments covered | · Product Type · Distribution Channel · End User |
| Regional scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Turkey; Egypt. |
| Key companies profiled | Cooper Surgical, Inc., Pfizer, Inc, Merck & Co Inc, AbbVie, Inc, Teva Pharmaceutical Industries Limited, Ansell Ltd, Bayer AG, Mayer Laboratories Inc, Church & Dwight Co Inc, Reckitt Benckiser Group plc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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