Contraceptives Market Scope
Contraceptives are the drugs or devices which not only inhibit pregnancy but also sexually transmitted diseases (STDs). In addition to this, contraception is deliberate prevention of pregnancy by interfering with the normal process of ovulation, fertilization and implantation through the use of barriers, drugs, medical devices or surgical techniques. The substantial increase in the investments in print advertisements and digital advertisements is significantly contributing to the growth of the very market in the current scenario. Apart from this, favorable initiatives taken by the government to promote awareness regarding unintended pregnancies and growing population in various countries can emerge out as a major opportunity for the expansion of the contraceptive market in the near future.
According to AMA, the Global Contraceptives market is expected to see growth rate of 7.4% and may see market size of USD45.01 Billion by 2026.
Research Analyst at AMA estimates that United States and Indian Players will contribute to the maximum growth of Global Contraceptives market throughout the predicted period.
Merck & Co. (United States), Cipla Inc. (India), Allergan Plc. (Ireland), Bayer AG (Germany), GlaxoSmithKline Plc. (United Kingdom), HLL Lifecare Limited (India), Mankind Pharma (India), Pfizer Inc. (United States), Amgen (United States), Teva Pharmaceutical Industries (Israel), Mithra Pharmaceuticals (Belgium) and Johnson & Johnson (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Glenmark Pharmaceuticals (India), Lupin Pharmaceuticals Inc. (India), Sun Pharmaceutical Industries Ltd. (India) and Piramal Healthcare Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Contraceptives market by Type (Oral Contraceptive Pills, Contraceptive Injectable and Topical Contraceptive Patch), by Application (Hospitals, Homecare, Gynecology Centers, Clinics and Ambulatory Surgical Centers (ASC)) and Region with country level break-up.
On the basis of geography, the market of Contraceptives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasingly Causing Working Class Women to Postpone Pregnancy in Both Developed and Developing Economies
Market Drivers
- Rise in Menstruating Population Worldwide, and Encouragement by Government to Use Contraceptives.
- Increasing Usage Among the Teenagers and Early Maturity Among the Teenage Girls
Opportunities
- Rising Numbers of New HIV Infections Patients Across the Globe
- Increasing User Awareness
Restraints
- The Side Effects Associated with the Use of Contraceptive Drugs and Devices
Challenges
- Rising Prevalence of Infertility
Key Target Audience
Contraceptives Product Manufacturers, Distributors/Suppliers, Raw Material Suppliers, Retailers/Wholesalers, Government and Research Organizations, End Users and Others