The global contraceptives market is growing
significantly due to increasing incidences of unwanted pregnancies, increasing
prevalence of sexually transmitted diseases and advances in contraception
techniques. In addition, government and non-government organizations are
funding and supporting programs to encourage contraception. Large unexplored contraceptives
market in emerging economies is creating ample opportunities for the global contraceptives
market to grow at a considerable rate in the coming years. Several major
players in the contraception market are actively involved in the research and
new product development for contraception, which could meet the demand of cost
effective long term contraception.
Contraception is a method used to prevent
pregnancy. Several contraceptives, such as hormonal drugs, physical barriers,
and advanced contraceptive devices have been developed in order to prevent
unwanted pregnancy. Contraceptives also help in preventing sexually transmitted
infections. According to a report published by Guttmacher Institute, a
non-profit organization working in advance sexual and reproductive health, 213.4 million pregnancies
occurred across the globe in 2012, of which 40.0% were unintended. Also, high
number of sexually transmitted infection is a major concern across the globe.
According to the WHO, in 2013, 35.0
million people lived with HIV/AIDS and 1.5 million people died due to AIDS
–related illness worldwide. The organization also reported that an estimated 500
million new curable sexually transmitted infections (including chlamydia, gonorrhoea, syphilis and trichomoniasis
only) occur across the
globe each year.
The global contraceptives market is categorized
as devices and drugs. Based on devices, the contraceptives market is
categorized as contraceptive sponges, vaginal rings, contraceptive diaphragms,
intrauterine devices (IUDs), subdermal implants, male condoms, female condoms,
and others. The IUDs segment is further categorized as hormonal IUDs and copper
IUDs. On the basis of drugs, the contraceptive market can be categorized as topical
contraceptives, contraceptive injectable, and contraceptive pills.
Contraceptive pills lead the global contraceptive drugs market due to its
convenience in use and high efficiency in emergency contraception.
Some of the major players operating in the global Contraceptives market are CooperSurgical Inc., Mayer Laboratories Inc., Merck & Co. Inc., Bayer AG, Actavis Inc., Reckitt Benckiser plc, Pfizer Inc., The Female Health Company, Teva Pharmaceutical Industries Ltd.
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