Global Contraceptive Drugs And Devices Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
As per the scope of the report, contraceptive drugs and devices are the drugs and devices used for birth control. Contraception is more commonly known as fertility and birth control is described as the method used to avoid pregnancy. These devices and drugs function by changing the mechanism of ovulation or by acting as a physical barrier between the sperm and ovum. The proper use of contraceptives, such as female and male condoms also prevents the spread of sexually transmitted diseases.
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Market By Top Companies:
Bayer AG, Pfizer Inc., Merck & Co. Inc., Teva Pharmaceuticals Ltd, Agile Therapeutics, Allergan PLC, Ani Pharmaceuticals Inc., Church & Dwight Co. Inc., Fuji Latex Co. Ltd, Johnson & Johnson Ltd
The major factors propelling the growth of the contraceptive drugs and devices market include the increasing incidence of the STD, an increasing rate of unintended pregnancies, and the rise in government initiatives.
The number of unwanted pregnancies is increasing globally and it is a matter of serious concern all around the world. According to the centers for disease control and prevention, in 2017, it was estimated that about 194,377 babies were born to women, aged 15-19 years, for a birth rate of 18.8 per 1,000 women, in this age group. Hence, with the increasing rate of unintended pregnancies, there will be a rapid increase in the demand for contraceptive devices, which will ultimately drive the market.
Furthermore, there are countries and their respective governments that have identified the need to curb the growth of unwanted pregnancies and have started a great number of initiatives to educate and prevent the spread of unwanted abortions and pregnancies. The usage of contraceptive pills is one among them. The right to obtain and use contraceptives is part of the fundamental right to privacy guaranteed by the United States Constitution. Thus, government initiatives are also promoting the use of contraceptives to avoid unnecessary births. The health benefits of using the contraceptives have also been significant players in the growth of this market.
In addition, there are a lot of technological advancements in contraceptive drugs, such as the development of emergency oral contraceptive pills that have helped in the growth of the market.
Industry Research Coverage
Oral Contraceptives is Estimated to have the Largest Share in the Segmentation by Drugs over the Forecast Period
Oral contraceptive pills are seen as the easiest method of contraception in the industry. They act by prohibiting implantation within the uterus if taken within 2-3 days of having unsafe sexual contact. The simplicity of their usage makes them an ideal contraceptive in the market. These are easily marketed across large regions by global companies and thus easily consumed by a large section of the population, globally. These factors are expected to contribute to the growth of the market over the forecast period. The other forms of contraceptive drugs, such as topical and injectable contraceptives have also witnessed a strong market demand.
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Major points covered in this research are:-
─Contraceptive Drugs And Devices Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers
─Global Market Size (Value) of Contraceptive Drugs And Devices (2020-2024)
─Global Contraceptive Drugs And Devices Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)
─Global Contraceptive Drugs And Devices Production, Revenue (Value), Price Trend by Type
─Global Contraceptive Drugs And Devices Market Analysis by Application
─Global Contraceptive Drugs And Devices Manufacturers Profiles/Analysis
─Contraceptive Drugs And Devices Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Contraceptive Drugs And Devices Market Forecast (2020-2024)
─Research Findings and Conclusion
Finally, this Contraceptive Drugs And Devices report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Contraceptive Drugs And Devices product development and gives an outline of the potential Global market.
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