Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Vasectomy Market (2023-2028) by Drug, Type, Patients, End Users, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Vasectomy Market is on track to achieve remarkable growth, with forecasts indicating a substantial increase from USD 19.31 billion in 2023 to approximately USD 27.97 billion by 2028.
This upward trajectory corresponds to a robust Compound Annual Growth Rate (CAGR) of 7.68%, as revealed by an extensive industry analysis.
Vasectomy, a widely recognized and efficient male sterilization surgical procedure, involves the surgical interruption of the vas deferens to prevent sperm transport. Importantly, this method poses no hindrance to sexual function and offers permanent contraception.
With global concerns about overpopulation mounting and its far-reaching implications for resources and healthcare systems, there is growing governmental and organizational support for family planning initiatives, contributing to a heightened demand for vasectomy services.
Market Dynamics:
Drivers:
- Escalating Population Concerns and Government Initiatives for Encouraging Sterilization
- Growing Preference for Minimally Invasive Surgical Techniques
Restraints:
- Potential Risks Associated With Vasectomy Surgeries
Opportunities:
- Increased Investments Driving Research and Development, Coupled With Technological Advancements
Challenges:
- Limited Awareness and Social Taboos Surrounding Vasectomy
In line with the evolving trends of modern healthcare, there is an evident shift towards minimally invasive procedures. Vasectomy is positioned at the forefront of this trend due to its appealing attributes such as faster recovery, reduced discomfort, and heightened effectiveness. Noteworthy investments in research and development efforts, paired with technological innovations, are catalyzing the growth potential of the vasectomy market.
The competitive landscape is marked by prominent industry players, as highlighted through the utilization of the Competitive Quadrant analysis, which considers industry position and market performance scores. Among the well-regarded companies mentioned are Abbott Laboratories, Johnson & Johnson, Pfizer Inc., and Teva Pharmaceutical Industries Ltd.
Further insights are provided through an in-depth Ansoff Matrix analysis, which delineates strategies for company growth based on Market Development, Market Penetration, Product Development, and Diversification.
Why Invest in This Report:
- Comprehensive evaluation of the Global Vasectomy Market
- Verifiable data sourced from credible and authoritative channels, with projections derived from established research methodologies
- Thorough market analysis employing Porter's 5 forces model, PESTLE Analysis, and Ansoff Matrix
- Exploration of the regulatory landscape and insights into the impact of the COVID-19 pandemic on the market
- Tailored research options available to cater to specific needs and preferences
Market Segmentation:
The Global Vasectomy Market is systematically segmented across several parameters, encompassing Drug, Type, Patients, End Users, and Geography.
- Drug: Anesthetics, Antibiotics, Painkillers (Painkillers hold a dominant market share)
- Type: Conventional, Minimally Invasive, No-Scalpel (Minimally invasive vasectomy commands a significant market share)
- Patients: Animal, Human (Human procedures dominate the market share)
- End Users: Hospital & Clinic, Ambulatory Surgical Centers (Hospitals & clinics exhibit considerable market share)
- Geography: Americas, Europe, Middle-East & Africa, Asia-Pacific (Americas command the largest market share)
Companies Mentioned
- Abbott Laboratories
- AbbVie Inc.
- Accurate Surgical & Scientific Instruments Corp.
- Advanced Meditech International Inc
- Allergan PLC
- Bayer AG
- Bristol Myers Squibb
- Cipla Ltd.
- Endo International PLC
- Ferring Pharmaceuticals
- GlaxoSmithKline PLC
- Johnson and Johnson
- Merck & Co., Inc.
- Mylan N.V.
- Novartis AG
- Pfizer, Inc.
- Sanofi S.A.
- Sklar Surgical Instruments
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 165 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $19.31 Billion |
| Forecasted Market Value (USD) by 2028 | $27.97 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/96f0q2
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