Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative. This contraceptive devices market research report is a complete overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. Contraceptive devices market research report also offers businesses with the company profile, product specifications, production value, manufacturer’s contact information and market shares for company. Moreover, it blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with greatest clarity for strategic decision making.
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The global contraceptive devices market accounted to USD 12.2 billion in 2016 growing at a CAGR of 7.5% during the forecast period to 2024.
Major Market Competitors:
Some of the major players operating in global contraceptive devices market are – Bayer HealthCare AG, Medisafe Distribution Inc, Teva Pharmaceutical Industries Limited, Medicines360, Pace Pharmaceuticals Inc., Actavis, Inc., Church & Dwight, Co., Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Merck & Co., Inc., Reckitt Benckiser plc, Pfizer Inc. among others.
The global contraceptive devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global contraceptive devices market for Global, Europe, North America, Asia Pacific and South America.
By product the market for global contraceptive devices market is segmented into Male contraceptive devices, Female contraceptive devices, Contraceptive Sponges, Contraceptive Diaphragms, Contraceptive Patches, Sub-dermal Contraceptive Implants, Non-Surgical Permanent Contraceptive Devices, and Contraceptive Vaginal Rings. The female contraceptive devices are further segmented into Female Condoms and Intrauterine Devices.
Major market drivers and restraints:
- Increasing Global Prevalence of Sexually Transmitted Diseases (STDs)
- Increasing awareness for contraceptives worldwide
- Rise in need to reduce unwanted pregnancy
- Technological advances in contraceptive methods
- Upsurge in government and NGO initiatives promoting contraceptives
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