Sarasota, FL, Nov. 18, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Contraceptive Market by Method Type (Contraceptive Pills, Injectables, Female Sterilization, Intrauterine Devices & Systems, Male Condom, Emergency Contraception and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021’’. According to the report, the global contraceptive market accounted for around USD 12.75 billion in 2015 and is expected to reach approximately USD 16.25 billion by 2021, growing at a CAGR of around 4.00% between 2016 and 2021.
Report Overview:
Contraception is the prevention of pregnancy by contraceptive methods other than abstinence and it is used to limit the size of the family. The percentage of women using contraceptives methods has increased in both developed and developing countries, in the last two decades. This has increased women’s opportunities to choose when and how many children they want to have, which has a positive impact not only on their rights to education but also on their right to health, an adequate standard of living amongst other human rights and work. Use of contraceptive methods for family planning reduces the numbers of risky and unintended pregnancies, which in turn reduces the risks of long-term morbidity and maternal mortality. But still, more than 222 million women in developing countries do not have access to modern contraceptives.
Browse through 8 Market Tables and 21 Figures spread over 122 Pages and in-depth TOC on “Global Contraceptive Market: Type, Method, Size, Share, Industry Analysis, Segment and Forecast 2015-2021”.
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According to World Health Organization, every day more than 1 million people across the globe are getting affected by sexually transmitted infections (STIs). Sexually transmitted infections are the major burden of diseases and have negative effects on people health. Chlamydia, Syphilis and Gonorrhoea are three sexually transmitted infections which are all caused by bacteria and which can be cured by antibiotics treatment. Thus, widely increasing the prevalence of sexually transmitted infections is continuously responsible for the growth of the contraceptive market. Moreover, according to the World Health Organization, there were approximately more than 36 million people living with HIV and around 1.10 million people died from AIDS-related illnesses in 2015. HIV/AIDS is the leading cause of death for women in their reproductive years. In 2014, more than 70% of pregnant women infected with HIV are using antiretroviral medicines to prevent the transmission of HIV/AIDS to their children but still more than1.8 million children are living with HIV. Almost all of these children were infected by their HIV-infected mothers during childbirth, pregnancy or breastfeeding. Thus, rapidly increasing HIV-positive population is driving the market of contraceptive market. The contraceptive market is also growing with the new emerging products and technologies of contraception. However, cast-driven traditional fundamentals and increasing the prevalence of side effects due to improper use of contraception products may hamper the growth contraceptive market. Nonetheless, untapped market and increasing awareness towards women health & family planning are projected to generate new opportunities in forecast years for the contraceptive market.
Key Segments:
Based on the method type, the market of contraceptive has been classified into contraceptive pills, injectables, female sterilization, intrauterine devices & systems, male condom, emergency contraception and other. Male condom and contraceptive pills are useful to prevent an unintended pregnancy and childbirth. Contraceptive pills are 97% effective at preventing pregnancy. Contraceptive pills are very effective against pregnancy if used correctly, makes menstrual periods more regular and lighter, decreases menstrual cramps & acne and does not interfere with spontaneity. Thus due to increasing use, contraceptive pills segments dominated the market and it is expected to exhibit noticeable growth in the forecast period. Female sterilization contraceptive method is one of the permanent, long lasting and highly effective solutions for the pregnancy or birth control and it has around 99.5% effectiveness at preventing pregnancy. Older women are more likely to rely on sterilization than younger women. Thus, female sterilization segment is the second largest segment of the contraceptive market with more than 25% market share in 2015.
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Regional Analysis:
North America dominated the contraceptive market by holding 35% market share and it is expected to generate new revenue in forecast period as a result of increasing research activities on women health care and rising prevalence of sexually transmitted infections. The contraceptive pill and female sterilization are the two widely used birth control contraceptive methods in the North America. Together, the contraceptive pill and female sterilization are the best choices of contraceptive of more than half of North America women aged 15 to 44 who use contraception methods.
The contraceptive market in Europe region was growing at the significant rate due to the majority of European women use contraception. European countries are characterized by the widespread use of modern contraceptive methods. 1 out of 5 European women refers intrauterine devices & systems as modern contraception resulting in 30 percent of modern contraceptive use. Condoms are an important contraceptive method and widely used for preventing sexual transmission of HIV/AIDS.
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Asia Pacific countries are mostly affected by sexually transmitted infections & HIV/AIDS and these countries also suffer from maternal mortality and unmet need for contraception. In Asia Pacific, women deaths are increasing day by day and this is due to low levels of education, early marriage, forced sex, limited awareness on the use of contraceptives and contraceptive failure. Asia-Pacific is expected to dominate the contraceptive market due to the steady increase in women’s access to sexual & reproductive health services, increasing awareness towards women healthcare and use of modern contraceptive methods.
Latin America and the Middle East & Africa contraceptive market are also expected to generate new opportunities in the forecast period. Latin American and the Middle East & African countries are largely ravaged by acquired immune deficiency syndrome and HIV. Thus, increased child mortality and HIV positive population tend to sustain demand for contraceptive methods in Latin America and the Middle East & Africa contraceptive market.
Major Companies Involved:
Key operating players in the contraceptive market are like The Female Health Company, Teva Pharmaceutical Industries, Bayer Healthcare Pharmaceuticals, Piramal Healthcare Limited, Reckitt Benckiser Plc., Cipla Limited, Novartis AG, Lupin Pharmaceuticals, Inc, Pfizer, Inc., Amgen Inc., Sun Pharmaceutical Industries Ltd., and Glenmark Pharmaceuticals.
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This report segments the Contraceptive Market as follows:
Contraceptive Market: Method Type Analysis
- Contraceptive Pill
- Injectable
- Female Sterilization
- Intrauterine devices and systems
- Male Condom
- Emergency contraception
- Other
Contraceptive Market: Regional Type Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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