Contraceptive Drugs and Devices Market is Projected to Rise at a Modest CAGR of 7.5% by 2023, Segmentation by Key Regions, Gross Margin, Profit, Analysis, Market Share
Global “Contraceptive Drugs and Devices Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Contraceptive Drugs and Devices market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Contraceptive Drugs and Devices market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Contraceptive Drugs and Devices Market Research Report 2020-2023
- BAYER HEALTHCARE
- PFIZER
- MERCK & Co.
- TEVA PHARMACEUTICALS
- Ltd.
- AGILE THERAPEUTICS
- ACTAVIS Plc
- ANI PHARMACEUTICALS
- Inc.
- CHURCH & DWIGHT
- CO. Inc.
- FUJI LATEX Co.
- Ltd JOHNSON & JOHNSON
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Overview of Contraceptive Drugs and Devices Market:
The Global Contraceptive Drugs and Devices Market was valued at USD 21.1 billion in 2017 and is projected to grow at a CAGR of 7.5% during the forecast period (2020 - 2023). China being the world’s most populated country has around 1.36 billion population and has one of the highest rates of contraceptives use. Unintended pregnancies growing at a faster paceNot using of the contraceptives or the incorrect use of the contraceptives may result in unintended pregnancies and the number of unintended pregnancies percentage is higher in the teens younger than 18 years, followed by the age group of 20-24 years. In the United States, the proportion of pregnancies that were unintended increased slightly between 2001 and 2008 (from 48% to 51%), but, by 2011 it decreased to 45%. And in 2014, these contraceptives have helped women to avoid 2 million unintended pregnancies, which would likely have resulted in 900,000 unplanned births and nearly 700,000 abortions. However, over past few years the awareness on contraception has contributed to both decline in unplanned pregnancies and also growth in the usage of the contraceptives market. There are also other factors which are accelerating the growth of the contraceptives market is the increasing incidence of the STDs and the rapid increase in the population. The government initiatives are also promoting the use of contraceptives to avoid the unnecessary births and the health benefits from using the contraceptives have also been significant players in the growth of this market.High cost of IUD (Intrauterine devices)The high costs of the IUD devices have been a barrier for many of the women’s as IUDs are very expensive primarily because of the procedures involved which is known as implanting. The normal cost to insert or remove IUD is around USD 150 to USD 250, depending on the service. The IUD choice of method may not be chosen often because of the cost, which acts as a major restrain to the market growth. The other major reason for the high cost is the relative length of the efficacy of the IUDs and as they last for a longer duration for years so their cost tends to be higher. There are also other factors such as religious and cultural opposition in certain emerging nations and the fear of certain issues such as infertility resulting from the use of contraceptives have been major setbacks from the market point of view which have been restraining the growth of this market.North America holds the largest market share for contraceptive drugs and devices In North America, over 90% of the female population uses the modern contraceptive techniques. The use of contraceptives is the highest in North America, whose share is estimated to be 75.4%. Following North America, Europe is the second largest market globally and the preference of the contraceptives generally varies by region. According to the study by the United Nations, sterilization is the ideal method of contraception in India, while condoms are in the preferred choice in Japan. For instance, of the overall contraceptives available, the use of oral contraceptive pills is higher in Europe, while the use of IUD was higher in Asia.
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Key Highlights from Contraceptive Drugs and Devices Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Contraceptive Drugs and Devices industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Contraceptive Drugs and Devices Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Contraceptive Drugs and Devices Market report additionally provides distribution, Production, Consumption for the complete industry.
Contraceptive Drugs and Devices Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase this Report
- Current and future contraceptive drugs and devices market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet in excel.
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Contraceptive Drugs and Devices Market 2020 Report Brief:-
- The report covers forecast and analysis for the Contraceptive Drugs and Devices market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Contraceptive Drugs and Devices market
- The report includes detailed company profiles of the prominent market players
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