contraceptives market Incredible Growth, Detailed Industry Analysis and Business Prospects 2029
The global contraceptives
market size is expected to reach ~US$
33,529 Mn by the end of 2029. According to a study by Future Market Insights
(FMI), the market will show a steady rise at a CAGR of ~6.2% between 2019 and
2029.
According to the report, growing need of population control,
increasing incidence of unwanted pregnancies and government’s initiatives drive
the contraceptive market forward. It uses unique research methods to offer the
most accurate analysis of the market.
Contraceptive Pills – the Most Lucrative Product Type
Contraceptive market contains drugs and devices. The devices
market holds most the contraceptive market however drugs are anticipated to
grow at highest CAGR owing to its beneficial property and easy consuming
method. With the advancement of technology, the emergence of drugs have become
popular as oral contraceptive pills which has the same purpose as other
contraceptive drugs or devices. The simplicity and easy consumable method are
expected to make it most popular contraceptive market.
The other form of drugs such as topical and injectable
contraceptives also witness strong market demand. Furthermore, these
contraceptive pills are highly effective and does not interrupt in sex. Even in
cases, it has been proved to reduce heavy and painful periods. All these
factors and benefits are expected to fuel the sales of contraceptive drugs in
the global market.
It includes in-depth insights into the contraceptives
market. Some of these are:
- The
estimated value of the contraceptives market was at ~US$ 33,529 Mn in
2019. Through the course of the report’s forecast period, the market is
exhibited to show a steady pace of growth.
- Regionally,
North America dominates the contraceptives market globally.
- East
Asia emerges as one of key markets owing to large population base, growing
contraceptive awareness and initiatives taken by the respective country government.
- Female
segment holds the most of the contraceptive market as compared to men.
- Key
players are likely to focus on new product development in terms of drug
& device, to stay relevant in developed markets.
Who is Winning?
Some of the leading players operating in the contraceptives
market are Bayer AGPfizer Inc., Janssen Global Services, LLC, Teva
Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Allergan
Plc, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe
Distribution Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Pfizer, The
Female Health Company and others. As a result of increasing competition,
companies are focusing on expanding their product portfolio with new
innovation. In addition to this, mergers and acquisition remains a popular
strategy among market players. Companies intend to expand their regional
footprint through strategic collaborations.
- As a
part of government’s initiative, the government of India had launched a
new contraceptive pill named ‘Shukhi 3rd Generation’ in Nov 2019.
- In
Spet. 2019, Exeltis USA, Inc. had announced the Launch of
Slynd™(drospirenone) tablets, the First and only progestin-only pill
providing pregnancy prevention with a 24-hour missed pill window
Market segmentation
The global contraceptive market is segmented in detail to
cover every aspect of the market and present complete market intelligence to
readers.
Product Type
- Contraceptive
Drugs
- Oral
Contraceptive Pills
- Injectables
- Topical
- Contraceptive
Devices
- Diaphgrams
- Sponges
- Vaginal
Rings
- Subdermal
Implants
- Intrauterine
Device
- Condom
Gender
- Male
- Female
Price Range
- High
Range
- Low
/ Economy Range
Sales Channel
- Wholesaler/
Distributor
- Hypermarket/
Supermarket
- Specialty
Stores
- Drug
& Pharma Stores
- Convenience
Stores
- Online
- Others
(hospitals, clinics etc.)
Region
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East & Africa
For More Info: https://www.futuremarketinsights.com/reports/contraceptives-market
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