Global Opportunity Analysis and Industry Forecasts, 2014 - 2022
No of Pages: 155
Published date: Sept-2016
Introduction to Contraceptives Market Contraception is a method to prevent pregnancy using drugs or a device. It is also known as birth control and fertility control. The global market for Contraceptives would reach $43,812 million by 2022 from $28,175 million in 2015, growing at a CAGR of 6.4% from 2016 to 2022. Advent of advanced contraceptive methods, emergency contraceptives method especially for teenagers, and increase in awareness towards sexually transmitted infections (STIs), are the major factors responsible for the growth of contraceptives market. Rise in adoption for modern contraceptives in the developing economies contribute to the significant growth in the world contraceptives market. Oral pills are the most common type of reversible contraception used globally. High effectiveness and convenience in comparison to contraceptive devices, particularly implants have made it a preferred mode of contraception.
Contraceptives Market Key Segments
Oral Contraceptive Pills
Injectable Contraceptives Topical Contraceptives
Condoms Female Condoms
Hormonal IUDs Copper IUDs Diaphragms
Contraceptives Market Revenues
Contraceptives Market SegmentationÂ
Contraceptives Market Dynamics Drivers • Rise in need to reduce unwanted pregnancy. • Increasing awareness for contraceptives worldwide. • Rising usage of oral contraceptives as preferred method to avoid unplanned pregnancy. • Technological advancements in contraceptive methods.
• Upsurge in government and NGO initiatives promoting contraceptives. Restraints • Health risks associated with the use of contraceptive methods. • Lack of social acceptance.
Key Benefits Of Contraceptives Market Oral contraceptive drugs or pills was the leading segment in the overall contraceptive market, accounting for $16,997 million in 2015, and is projected to grow at a CAGR of 5.6% during the forecast period. Contraceptive devices segment is expected to grow at a CAGR of 7.8%, owing to the increased demand for the prevention of unwanted pregnancies in home settings.
Intrauterine (IUD) segment is projected to grow at a significant CAGR of 10.1% during the analysis period. Condom segment generated the highest revenue in 2015, accounted for $6,053 million in the world contraceptive devices market and projected to retain its dominance during the analysis period. Vaginal ring is estimated to grow at significant rate of 10.0% during the forecast period from 2016 to 2022.
Contraceptives Market By Geography
Japan, China, Australia, India, Rest of LAMEA
Key Players Operating in Contraceptives Market 1.Mylan N.V. 2.Ansell Limited. 3.Bayer AG. 4. Church & Dwight Co., Inc. 5. Merck & Co., Inc. 6.Pfizer Inc. 7.Teva Pharmaceutical Industries Limited. 8.The Cooper Companies, Inc. 9.The Female Health Company. 10.Mayer Laboratories, Inc.
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