Contraceptives Market Outlook 2028

1. Contraceptives Market Outlook 2028 The globalcontraceptives market was valued at US$893.9 Mn in 2020 It is estimated to expand at a CAGR of 15.5% from 2021 to 2028 The globalcontraceptives market isexpected to cross the value of US$2.7 Bn by the end of 2028    Report market.html Overview: https://www.transparencymarketresearch.com/contraceptives- High Prevalence of Sexually Transmitted Infections Propels Demand for Contraceptives A number of international and national organizations have initiated STI (sexually transmitted infections) awareness campaigns. Additionally, regulatory agencies in the U.K., such as the Medicines and Healthcare Regulatory Agency (MHRA), have approved injectable contraceptives. These approvals for women and men are expected to boost the growth of the global contraceptive market, particularly in developed countries. Increase in adoption of innovative contraceptive technologies in emerging countries is another factor propelling the global contraceptives market. People across the world have become more aware about the need of family planning. Request a sample to get extensive insights into the Contraceptives Market Birth Spacing Helps Reduce Burden on Healthcare Systems amid COVID-19 Pandemic The COVID-19 pandemic has heightened the importance for family planning since most people have been spending time indoors. Manufacturers in the contraceptives market are capitalizing on this opportunity to ensure uninterrupted supply of oral contraceptives, contraceptive injectables, and contraceptive devices. Healthcare organizations are stressing on the advantages of birth spacing during the ongoing pandemic, since avoiding pregnancy during such uncertain times is wise for women not only on a personal level but also from a public health perspective in terms of not adding to overburdened healthcare systems. Manufacturers are increasing efforts to prevent stock-outs for implants, oral contraceptive pills, and copper intrauterine devices.

2. Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=344 Comprehensive Product Portfolio Allows Stakeholders to Expand Income Sources The contraceptives market is likely to provide new vendors significant growth prospects, particularly in emerging countries. These companies can raise awareness and initiate activities about the usage of contraceptive devices. This is projected to increase contraceptive sales. Moreover, these new providers intend to expand their product offerings by introducing enhanced contraceptive devices. This is anticipated to boost the growth of the market. Oral (pill) contraceptives, topical contraceptives, and injectable contraceptives are various types of contraceptives. Contraceptive devices, on the other hand, include condoms, intrauterine devices (IUD), vaginal rings, implants, patches, diaphragms, sponges, etc. The barrier method, particularly condoms, is the most common form of artificial contraception. The global contraceptives market is expected to be driven by increase in efforts by governments to raise awareness about the negative effects of population growth and unwanted pregnancies. Stuck in a neck-to-neck competition with other brands? Request a custom report on Contraceptives Market Lack of Knowledge about Advantages of Contraceptives Hampers Market Growth Women with unmet contraception needs rarely state that they are unaware of contraception, do not have access to a source of supply, or that it is too expensive. Women of Asia use modern contraception at a lower rate than the global average. In Asia, majority of unintended pregnancies is caused by the use of traditional contraception or the lack thereof, which results in induced unsafe abortion. Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3 44 Key barriers to modern contraceptive practice among women in Asia are cultural attitudes, lack of knowledge about methods and reproduction, socio-demographic factors, and healthcare barriers. Lack of knowledge and access could be the most straightforward issues to address in this market. Hence, participants in the market should collaborate with governments to increase awareness about the advantages of contraceptives, which holds potential to boost product sales.

3. U.S. Sets Benchmark for Contraceptive Innovation and Collaborative Agreements Key players in the global contraceptives market are engaged in regulatory approvals, innovations in technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global contraceptives market. A few expansion strategies adopted by players operating in the global contraceptives market are announcing the generic versions of vaginal ring in the U.S. The launch of such vaginal rings can be expected to drive the contraceptives market. Healthcare organizations are launching global strategies for accelerating the abolition of cervical cancer. This is expected to augment the global contraception devices market. At the same time, manufacturers are investing in R&D to increase availability of FDA (Food and Drug Administration)-approved contraceptive options. Contraceptives Market: Overview According to Transparency Market Research’s latest report on the global contraceptives market for the historical period 2017–2018 and forecast period 2019– 2027, decline in prices and increase in access to contraceptives are projected to drive the global contraceptives market during the forecast period  Rise in Prevalence of Sexually Transmitted Diseases Drives Demand for Contraceptive Tablets and Other Forms of Contraception A number of international and national organizations have initiated STI awareness campaigns. Additionally, regulatory agencies in the U.K., such as the Medicines and Healthcare Regulatory Agency (MHRA), have approved injectable contraceptives. These approvals for women and men are expected to boost the growth of the global contraceptive market, particularly in developed countries. Increase in adoption of innovative contraceptive technologies in emerging countries is another factor propelling the global contraceptives market. People across the world have become more aware about the need of family planning.   Entry of New Vendors with Advanced Contraceptive Methods: Key Driver The global contraceptives market is likely to provide new vendors significant growth prospects, particularly in emerging countries. These companies can raise awareness and initiate activities about the usage of contraceptive devices. This is projected to increase contraceptive sales. Moreover, these new providers intend to expand their product offerings by introducing enhanced contraceptive devices. This is anticipated to boost the growth of the global contraceptives market. 

4. Lack of Awareness about Application of Contraceptive Devices in Emerging Countries Women with unmet contraception needs rarely state that they are unaware of contraception, do not have access to a source of supply, or that it is too expensive. Women of Asia use modern contraception at a lower rate than the global average. In Asia, majority of unintended pregnancies are caused by the use of traditional contraception or the lack thereof, which results in induced unsafe abortion Key barriers to modern contraceptive practice among women in Asia are cultural attitudes, lack of knowledge about methods and reproduction, socio-demographic factors, and healthcare barriers. Lack of knowledge and access could be the most straightforward issues to address in the global contraceptives market.    Contraceptives Market: Competition Landscape This report profiles major players in the global contraceptives market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments The global contraceptives market is highly fragmented, with the presence of a large number of international as well as regional players Leading players operating in the global contraceptives market are oMerck & Co., Inc., Cipla, Inc. oAllergan plc oBayer AG oHLL Lifecare Limited oMankind Pharma oPfizer, Inc. oTeva Pharmaceutical Industries Ltd. oMithra Pharmaceuticals oJanssen Pharmaceutical Company oReckitt Benckiser Group plc., etc.    About Transparency Market Research Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End- Use that will favor growth in the market over the next 9 years.

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