Press Release

Contraceptive Devices Market to Exhibits 6% CAGR, Growth to Remain High in Emerging Nations

Contraceptive Devices Market

Several private institutions and government organizations are actively participating to spread awareness on the use of contraceptives. This, as per Fortune Business Insights is the chief driver of the global contraceptives devices market.

Sample PDF Brochure@ https://www.fortunebusinessinsights.com/enquiry/sample/contraceptive-devices-market-100062

Fortune Business Insights in a new report, titled “Contraceptives Devices Market: Global Market Analysis, Insights and Forecast, 2018-2025” predicts the market to exhibit a CAGR of 6.0%. The report further calculated the value of the contraceptives devices market as US$ 7013.8 Mn in the year 2018 and expected the market to reach US$ 11166.4 Mn by 2025.

Contraceptives devices for female are expected to lead the contraceptives devices market during the forecast period. Contraceptive devices for female are available in different types, among which the report emphasizes on the rising uptake of intrauterine contraceptive devices. Some of these include diaphragms & sponges, vaginal rings, sub-dermal implants, and female condoms.

Top Leaders Overview:

Some of the leading companies in the global Cardiovascular Stents Market are

  • Bayer Pharmaceuticals
  • Pfizer
  • The Janssen Pharmaceutical Companies of John
  • Teva Pharmaceuticals
  • Merck
  • Mylan
  • Allergan
  • RECKITT BENCKISER GROUP PLCVeru Inc.
  • Medisafe® Medication Management Platform

Consequently, the sales of female contraceptive devices are accelerating at an exponential rate. As per Fortune Business Insights, the female contraceptive devices segment held nearly 54.8% of the overall market in the year 2017 and is expected to remain dominant over the forecast years. 

With the advent of advanced technology, hormonal contraceptives are likely to lead the contraceptive devices market. This is mainly on account of their enhanced efficiency and rising preference among consumers. Governments in several countries are actively participating in the distribution of contraceptive devices across several hospitals. This further makes hospital pharmacies one of the leading sources for birth control devices.

The Global Contraceptive Devices Market derives growth from a number of factors such as increasing focus on research and development (R&D), increasing investment from leading companies towards R&D. Besides this, increasing regulatory approvals from organizations such as the Food and Drug Administration (FDA) have contributed significantly to the global Contraceptive Devices Market.

Furthermore, newer drug discoveries as a result of emphasis on R&D have favored the growth of the global Contraceptive Devices Market and are likely to boost the market in the coming years. Backed by contributions from government as well as private organizations, the global Contraceptive Devices Market is likely to gain traction in the coming years.

Request Customization of this [email protected] https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/contraceptive-devices-market-100062

Lack of Proper Family Planning Will Fuel Demand for Contraceptive Devices

“The demand for contraceptive devices and drugs is likely to increase owing to the rising prevalence of STDs,” stated a lead analyst at FBI. These include injectable contraceptives, hormonal oral pills, and topical contraceptives. “This, coupled with the lack of family planning, drives the contraceptive devices market,” he added. Furthermore, unwanted pregnancies can have widespread implications.

Among regions, North America is expected to remain dominant in the global contraceptive devices market throughout the forecast period. The rate of awareness among the population is high and the healthcare industry is well-established, thus making North America a leading region. On the other hand, Asia Pacific is also anticipated to offer considerable growth opportunities owing to sthe large population base and rising disposable income. In addition to this, the region is expected to witness significant growth with the rising awareness regarding the usage and benefits of contraceptives.

Adverse Effects of Contraceptives and their Limited Supply May Restrict the Market’s Growth 

Although the use of contraceptives is increasing, there are some risks associated with the use of the same. These risks include infections which compe people to opt for permanent contraception methods. Also, there are millions of men and women who don’t use contraceptive devices owing to their limited supply. Not all countries have access to contraception, which limits the growth of the contraceptive devices market.

Related Reports:

Contraceptive Devices Market 2019 Global Industry Size, Growth Factor Analysis Research Report 2025

Immunodiagnostics Market 2019: Emerging Technologies, Sales Revenue, Key Players Analysis and Industry Expansion Strategies 2026

Antithrombin Market 2019 – Size, Share, Trends, Market Demand, Global Industry Analysis, Growth, Opportunities and Forecast 2026

Tags

Jesus Rust

Jesus is leading the environment column. He is a very renowned environmentalist and has worked in many projects, some of which are based in faraway lands too. He always encourages environment conservation and sometimes keeps small group talks about the concerns. His writing and editing skills act the cheery on the top of the cake.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close