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Contraceptives market Report 2019 Predicting 6.9% CAGR Growth by 2025

Author : Rahul Sankrityayan | Published Date : 2019-04-18 

The Contraceptives Market is set to exceed USD 38,500.5 million by 2025; according to a new research study published by Global Market Insights, Inc. Rising government initiatives to promote awareness regarding unintended pregnancies and increasing population will create huge demand for contraceptives during the forecast period. Various programs aiming to meet the need for modern contraception and provide reproductive and sexual health services should involve a good participation of women, adolescents, and young people, at all stages of planning, implementation, and evaluation.

An increasing number of women are postponing motherhood as they prioritize their careers. Moreover, balancing concerns of the cost for raising a child, ambiguity over job safety and unstable relationships are increasingly causing women to postpone pregnancy. In 2015, globally 64% of in-union or married women of fertile age were using some mode of contraception. Nevertheless, contraceptive use was much lesser in the under developed countries and was particularly low in Africa where only 33% of women are projected to use the products so far. High unmet needs in developing nation will fuel the Contraceptives Market size. Demand for contraceptives would rise owing to rising numbers of new HIV infections in many countries over the coming years

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Oral contraceptive pills market is estimated to witness significant growth at 4.9% over the forecast period owing to factors such as most effective method of birth control, daily consumption resulting in reduced cramping during periods, enabling acne reduction and minimized risk of developing cervical & endometrial cancers. Growing use of injectable drugs that are injected under the skin and released in the bloodstream to prevent unwanted pregnancy and effective in preventing unwanted birth will drive the augmented demand for the drug.

Condoms segment accounted for USD 8,622.8 million in 2018 and will grow significantly over the forecast period. Male condoms are widely used and are considered as first line of protection worldwide. Associated advantages like ease to use, affordable cost, elevated level of protection and least side effects amongst all the other devices will drive the segment growth. Furthermore, increasing demand of IUD’s owing to high degree of effectiveness and most efficacious alternatives available in female contraceptives market will offer considerable segment growth.

Citing another instance of the vital role that regulatory bodies play in the growth of contraceptives market, it is prudent to mention that recently, the Philippines Department of Health (DOH) announced that it would buy contraceptives worth 200 million pesos. Through this purchase, the government apparently aims to manufacture pills and other contraceptives in order to overcome the current shortage and fulfill the demand for family planning products in the ensuing years. The initiative undertaken by the Philippines DOH takes precedence in contraceptives market, validating the fact that the prevalence of family planning policies and government programs is likely to stimulate Asia Pacific contraceptives industry share over the years ahead.

Currently, numerous contraceptives market giants and regulatory bodies have been striving to bring about a transformation in the product landscape of this business sphere. The Food and Drug Administration (FDA) for instance, has revealed a list of 51 contraceptives for re-certification based on the parameters of safety and non-abortifaciency. Even in the U.S., the California Health Benefits Review Program (CHBRP) has enforced a federal contraceptive mandate – the Affordable Care Act (ACA). On these grounds, the Trump administration has released two interim rules related to ACA’s contraceptive coverage requirement, which would provide a boost to U.S. contraceptives market trends. Considering the strict outlook that regulatory bodies have toward newly developed products, contraceptives industry players such as Merck & Co., Pfizer, Mayer Laboratories, Cooper Surgical Inc., Teva Pharmaceutical Industries, Actavis, Reckitt Benckiser, and Church & Dwight Co. have also been heavily investing in research and development activities, thereby impelling this business sphere.

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Chapter 1. Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Contraceptives industry 3600 synopsis, 2014 - 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Age trends

2.1.4. Regional trends

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Chapter 3. Contraceptives Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Favorable regulatory scenario in developed nations

3.3.1.2. Growing inclination towards planned delayed pregnancy

3.3.1.3. High unmet contraceptive needs in developing economies

3.3.1.4. Growing prevalence of Sexually Transmitted Diseases (STD) in African region

3.3.2. Industry pitfalls & challenges

3.3.2.1. Growing infertility prevalence

3.3.2.2. Adverse effects of contraceptive drugs

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Know more: https://www.marketwatch.com/press-release/global-protein-a-resins-market-competitive-landscape-and-value-chain-analysis-2018-2024-2019-04-18

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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