A recent report published by Infinium Global Research on the contraceptive market provides an in-depth analysis of segments and sub-segments in the global as well as a regional contraceptive market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional contraceptive market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global contraceptive market. According to the report, the global contraceptive market is projected to grow at a Healthy CAGR over the forecast period of 2019-2025.
The contraceptive market is defined as the contraceptive drugs and devices used to avoid unwanted pregnancy among women. The contraceptive drugs include oral contraceptive, contraceptive injectable, emergency contraceptive pills transdermal patches and others. The contraceptive devices include male contraceptive devices and female contraceptive devices. It implies drugs and devices used to prevent unwanted conceiving owing to various reasons as unprotected sex, weak financial condition, and weak health of expecting mother. There are several methods used as a contraceptive to avoid unintended pregnancy. The contraceptive methods range from drug (as oral pills), device (as a condom, IUD) and other. Additionally, the application of the contraceptive method reduces the risk of unintended conception among HIV infected couples, women, that results in less number of HIV positive children and orphan babies. Further, some contraceptive methods facilitate the protection against STD (sexually transmitted disease) from one person to another.
Growing awareness about family planning and protection from several sexual diseases are enabling people to make a good choice of contraceptive products and devices, for their sexual and reproductive health. The contraceptive products provide an opportunity for working couples to pursue their economic goal, while simultaneously leading a normal married life. Further, a good contraceptive method provides the opportunity to maintain a gap between children and invest more on every child for their better future. The growing awareness among young consumers in the developing and underdeveloped countries, about the several health and financial benefits of using a contraceptive, is expected to booth the growth of this market.
Among the geographic region, North America dominates the global contraceptive market, owing to the presence of a large number of the contraceptive products manufacturing companies in this region. Additionally, the availability of several job opportunities in this region is forcing them to delay the child plan for the sake of carrier growth, and financial stability. Hence, they are using more contraceptive products in their life. Asia-Pacific is the second largest market after North America. The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the contraceptives among the young middle-class populations.
The report on the global contraceptive market covers segments such as contraceptive drugs, contraceptive devices, and distribution channel. On the basis of contraceptive drugs, the sub-markets include oral contraceptives, contraceptive injectable, emergency contraceptive pills, transdermal patches, and others. On the basis of contraceptive devices, the sub-markets include contraceptive devices. On the basis of the distribution channel, the sub-markets include hospital pharmacy, independent pharmacy, online platform, and clinics.
The report provides profiles of the companies in the market such as Reckitt Benckiser Group plc, Janssen Global Services, LLC, Mithra Pharmaceuticals, Teva Pharmaceutical Industries Ltd, Pfizer Inc., Mankind Pharma, HLL Lifecare Limited, Bayer AG, Cipla Limited, Allergan plc, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the contraceptive market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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