Contraceptives Market to witness more than 6.8% CAGR from 2017 to 2024

1. Contraceptives Market to grow at 6.8% CAGR from 2017 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Key Insights from Contraceptives Market : • Rising prevalence of sexually transmitted diseases, favorable regulatory scenario in developed nations, increasing delayed pregnancy trend and high unmet contraceptive needs in developing economies will serve as high impact rendering factors for the contraceptives market growth. • Increasing government initiatives to raise awareness to prevent unintended pregnancies and growing population base creating massive demand for contraceptives will stimulate business growth over the coming years. • Oral contraceptive pills market should witness significant growth over the forecast period owing to factors such as most effective method of birth control, daily consumption resulting in reduced cramping during periods, enabling acne reduction and minimized risk of developing cervical & endometrial cancers. • Growing use of injectable drugs that are injected under the skin and released in the bloodstream to prevent unwanted pregnancy and effective in preventing unwanted birth will drive the augmented demand for the drug.

3. Continued... • Condoms segment accounted for the largest share in 2016 and will grow significantly over the forecast period. Male condoms are widely used and are considered as first line of protection worldwide. • Furthermore, increasing demand of IUD’s owing to high degree of effectiveness and most efficacious alternatives available in female contraceptives market will offer considerable segment growth. • U.S. contraceptives market will grow at a substantial rate over the forecast period. Increasing awareness towards contraceptives and number of advantages associated with the contraceptive methods resulting in increased usage will fuel the business growth. • Availability of the national health insurance scheme for women under the age of 18 covering UTI and emergency contraception completely, increasing use of contraceptive methods as well as advent of better methods with low side effects will propel the industry growth in Germany.

4. Continued... • Increasing occurrences of STDs, rising awareness about disease and birth control methods, improving healthcare infrastructure coupled with favorable reimbursement policies will drive the Chinese contraceptives market over the forecast period. • Some of the companies functioning in the contraceptives market are Actavis, Cooper Surgical, Reckitt Benckiser, Merck, Pfizer, Church & Dwight, Teva Pharmaceutical Industries, Mayer Laboratories and The Female Health Company. • New product launches, increasing R&D investments, mergers and acquisition, geographical expansion will fuel the business growth. Leading business players will endeavor to reinforce their position in this competitive market by implementation of these strategies.

5. Germany Contraceptives Market, By Drugs, 2013-2024 (USD Million)

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