Contraceptive Drugs and Devices Market Share, Global Leading Players 2021, Business Overview, Size Estimation, Revenue, Key Drivers by Manufacturers, Upcoming Trends to Forecast 2027
A
comprehensive overview of the Contraceptive Drugs and Devices market is
recently added by UnivDatos Market Insights to its humongous database. The Contraceptive
Drugs and Devices market report has been aggregated by collecting informative
data of various dynamics such as market drivers, restraints, opportunities, and
trends prevailing in the market. This innovative report makes use of several
analyses to get a closer outlook on the Contraceptive Drugs and Devices market.
The report offers a detailed analysis of the latest industry developments and
trending factors in the market that are influencing the market growth.
Furthermore, this statistical market research repository examines and estimates
the Contraceptive Drugs and Devices market at the global and regional levels. Global Contraceptive Drugs and Devices Market
is expected to witness a considerable CAGR of 5.6% from
2021-2027 to reach US$ 36.9 billion by 2027.
Market Overview
Contraceptive
Drugs and Devices Market is booming due to the rising incidence of Sexually
transmitted diseases (STD) coupled with the surging stringent regulations
by the government across countries etc., Moreover, the increase in the rate of
unintended pregnancies and the rise in awareness of contraceptive methods
amongst people are all expected to result in an inflated revenue share in the future.
As per WHO, Among the 1.9 billion Women of Reproductive Age group (15-49
years) worldwide in 2019, 1.1 billion need family planning; of which, 842
million are using contraceptive methods, and 270 million have an unmet need for
contraception.
COVID-19 Impact
Due to
COVID-19, each industry is affected. Moreover, it is long-term effects are
going to influence the growth of the industry in the upcoming period. COVID-19
is anticipated to harm the Contraceptive Drugs and Devices market growth during
the forecast period. As per WHO, due to COVID-19, 7 in
10 countries have disrupted health services in contraception and family
planning. There is a huge disruption in the manufacturing and
supply chain of contraceptive pills which is leading to a decline in the market
growth rate. The pandemic’s negative effects can be seen in the contraceptive
drugs and devices market, as well as on its demand and supply.
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Global Contraceptive Drugs and Devices Market report is studied
thoroughly with several aspects that would help stakeholders in making their
decisions more curated.
By Products type, the market is primarily bifurcated into:
· By Drugs
o Oral Contraceptives
o Topical Contraceptives
o Contraceptive Injectable
· By Devices
o Condoms
o Diaphragms
o Cervical Caps
o Sponges
o Vaginal Rings
o IUD
o Other Devices
Among drugs,
the oral contraceptives segment dominated the market and will grow at a noteworthy
CAGR by the year 2027. Among devices, the condoms segment dominated the market in
2020 and will grow at a notable CAGR during the forecast period 2021-2027.
By Gender, the market is primarily segmented into:
·
Male
·
Female
Amongst Gender,
both Male and Female accounted for the large share in 2020 and is expected to
grow at a significant CAGR during the forecast period 2021-2027.
By Distribution, the market is primarily segmented into:
·
Hospital & Clinics
·
Retail Pharmacy
·
Online Pharmacy
·
Others
Amongst Distribution, the Retail Pharmacy segment
dominated the global Contraceptive Drugs and Devices market and will grow at a
noteworthy CAGR by the year 2027.
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Contraceptive Drugs and Devices Market Geographical Segmentation
Includes:
·
North America (United States, Canada,
Rest of North America)
·
Europe (Germany, United Kingdom,
Italy, France, Spain, and Rest of Europe)
·
Asia-Pacific (China, Japan, India, Australia,
and Rest of Asia-Pacific)
·
Rest of the World
North
America is dominating the Contraceptive Drugs and Devices market in 2020 and is
anticipated to maintain its dominance during the forecast period.
The
major players targeting the market include:
·
Bayer AG
·
Pfizer Inc.
·
Teva Pharmaceutical Industries Ltd.
·
Merck & Co., Inc.
·
Mylan N.V.
·
Allergan Plc
·
Agile Therapeutics
·
Piramal Enterprises Ltd.
·
GlaxoSmithKline PLC
·
Johnson & Johnson
·
Novartis AG
·
Sanofi
Competitive Landscape
The degree of competition among prominent global companies has been
elaborated by analyzing several leading key players operating worldwide. The
specialist team of research analysts sheds light on various traits such as
global market competition, market share, most recent industry advancements,
innovative product launches, partnerships, mergers, or acquisitions by leading
companies in the Contraceptive Drugs and Devices market. The major players have
been analyzed by using research methodologies for getting insight views on
global competition.
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Key questions resolved through this
analytical market research report include:
·
What are the latest trends, new
patterns, and technological advancements in the Contraceptive Drugs and Devices
market?
·
Which factors are influencing
the Contraceptive Drugs and Devices market over the forecast period?
·
What are the global challenges,
threats, and risks in the Contraceptive Drugs and Devices market?
·
Which factors are propelling
and restraining the Contraceptive Drugs and Devices market?
·
What are the demanding global
regions of the Contraceptive Drugs and Devices market?
·
What will be the global market
size in the upcoming years?
·
What are the crucial market
acquisition strategies and policies applied by global companies?
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requirement of different businesses, regions, and countries, we offer
customized reports as per your requirements of business nature and geography. Please
let us know If you have any custom needs.
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