Contraceptive Drugs and Devices Market Competitive Strategies, Growth, Recent Trends Analysis and Forecasts to 2027
Contraception is the use of agents, drugs, devices, surgical procedures, for the prevention of unwanted pregnancy. Various devices, along with treatments, are available for both women and men. The effectiveness of the method depends on how carefully a method has been used. For instance, the use of the contraceptive pill is a 99% efficient method but still 9 women every year become pregnant while using this method. The demand for contraceptive drugs and devices is increasing as to avoid the unintended pregnancies and awareness amongst people regarding contraceptive pills. However, some of the restraints in the market include the side effects associated with the use of contraceptive drugs and the high cost of devices and treatments. Contraceptive pills contain the combination of estrogen and progesion in very low-dose (10-30 mcg). Minipills are also used as birth control pill that contains progestin only. In 2019, of the 1.9 billion women of reproductive age (15-49 years) living in the world, 1.1 billion needed family planning, they are either current users of contraceptives, 842 million use modern methods of contraception and 80 million use traditional methods or have an unmet need for family planning. 190 million women want to avoid pregnancy and do not use any contraceptive method.
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The main products that are developed for the contraception are Permanent Sterilization, Long-Acting Reversible Contraceptives (LARC), Contraceptive Injection, Short-Acting Hormonal Methods and Barrier Methods. Every woman once in a lifetime uses contraception except if they are seeking pregnancy, postpartum, or sexually inactive. Women mainly prefer having contraception pills. Oral contraceptive pill mainly contains the combination of progestogen and estrogen and is mainly indicated as birth control pill. The benefits associated with the use of contraceptive pills are that the menstrual bleeds become regular and less painful, risk of ovarian cancer, premenstrual syndrome, acne is reduced, and protects against pelvic inflammatory diseases.
Insights Presented in the Report
Based on product type the market is bifurcated into drug and devices.
“Amongst Drugs, Oral Contraceptives segment holds the major market share in 2020”
Based on drugs the global Contraceptive drugs and devices market is bifurcated into Oral Contraceptives, Topical Contraceptives and Contraceptive Injectable. Among all, oral contraceptives segment hold the major share due to the following reasons including 99% effictiveness rate for the prevention of unwanted pregnancy, easy to intake, easily available as over-the-counter oral contraceptives and inexpensive.
“Amongst Devices, Condoms segment holds the major share.”
Contraceptive Devices are bifurcated into Condoms, Diaphragms, Cervical Caps, Sponges Vaginal Rings, and IUD. Condoms segment are mainly used among the working age population as a method to prevent unwanted pregnancies, increase cases of STDs, and an increasing government initiative to reduce population among others.
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“Amongst Gender, both Male and Females are anticipated to grow at significant pace”
Based on Gender, the global Contraceptive drugs and devices market is divided into Male and Female. The Male subsegment grabbed the major market owing to the increase in commercialization of male birth control Devices such as contraceptive injection for men. The female subsegment grabbed the major market owing to an increase in unwanted pregnancies and government initiatives.
Amongst Distribution Channel, the Retail Pharmacy holds the major share”
Based on the distribution channel, the global Contraceptive drugs and devices market is segmented into Hospital & Clinics, Retail Pharmacies, Online Pharmacy, and Others. The retail pharmacy is expected to be the fastest-growing market owing to an increase in over-the-counter purchasing of contraceptive drugs.
“North America signifies one of the largest markets of Contraceptive Drugs and Devices Market.”
For a better understanding of the market dynamics of the Contraceptive Drugs and Devices market, a detailed analysis was conducted for different regions and countries including North America (US, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, UK and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), Rest of World. North America dominated the market on the account of lifestyle changes which are the cause of various acute and chronic diseases, and its robust applications in cryosurgery, hypothermia, transplantation, and vaccination. The boost in the Contraceptive Drugs and Devices market is expected due to a rise in demand from several end-use industries and investments in R&D.
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