Contraceptives devices are a variety of products that are used for
the prevention of an unwanted pregnancy. Whilst preventing unwanted
pregnancies remain one of the key reasons why contraceptive devices
are used, the other important function of a vast variety of
contraceptive devices is to prevent the transfer of sexually
transmitted diseases or infections. Initiatives taken by government
bodies, numerous private organizations, and also several companies
operating in the market are playing a key role in increasing
awareness regarding population control measures and safer sex. These
actions are considered the key growth drivers for the global
contraceptives market.
Despite the presence of several contraceptive drugs in the market,
contraceptive devices are preferred more owing to their safer course
of action. Products such as male condoms, female condoms,
contraceptive vaginal rings, intrauterine devices, sub-dermal
contraceptive implants, contraceptive sponges, contraceptive
diaphragm, and non-surgical permanent contraception devices are
gaining increased demand from across the globe. New product varieties
that require minimally invasive surgeries for implantation and
provide maximum assurance of safety from infections and unwanted
pregnancies are also being introduced at a promising pace in the
global market.
Geographically, the market in North America presently accounts for a
significant share in the global market and holds immense promise for
future years as well. The well-established healthcare industry in the
region, high rate of awareness among the population, and the presence
of several leading medical device manufacturing companies are
collectively expected to help North America remain a strong regional
market for contraceptive devices over the report’s forecast period.
However, the market in Asia Pacific is also expected to present
highly lucrative growth opportunities to the market for contraceptive
devices in the next few years. Countries such as India and China
will contribute significantly to this phenomenon with their huge
population base, rising disposable incomes, and growing awareness
about the usage of contraceptives.
Contraception is deliberate use of artificial methods or other
techniques to prevent pregnancy as a consequence of sexual
intercourse. Contraceptive devices are intended to prevent
conception. These devices also help to prevent the spread of sexually
transmitted infections. Various awareness initiatives taken by market
players is a major factor propelling the global contraceptive devices
market. Bayer HealthCare, a major player in the contraceptives
market, in collaboration with 11 NGOs, organizes the World
Contraception Day every year on September 26 to spread awareness
about contraceptive methods, enabling young people to take the right
decision about their reproductive health.
The global contraceptive devices market is expected to grow
substantially due to factors such as high incidence rate of
unintended pregnancies, unmet contraceptive needs, rise in awareness
initiatives by governments and NGOs, and implementation of the
Affordable Care Act. A high percentage of population belonging to the
sexually active age group in Asia (India and China) coupled with
increase in disposable incomes of consumers belonging to such
economies is likely to offer significant opportunities in the
contraceptive devices market. However, side effects associated with
the use of contraceptive devices inducing people to opt for natural
and permanent contraceptive methods, and rise in prevalence of
infertility among women and aging population hamper the growth of the
global contraceptive devices market.
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Based on type, the global contraceptive devices market can be
segmented into male contraceptive devices and female contraceptive
devices. Male contraceptive devices comprise male condoms. Female
contraceptives include female condoms, contraceptive vaginal rings,
contraceptive diaphragms, contraceptive sponges, sub-dermal
contraceptive implants, intrauterine devices, and non-surgical
permanent contraceptive devices. Male condoms dominate the male
contraceptive devices segment due to almost universal adoption
facilitated by ease of use and lowest prices. Non-surgical permanent
contraceptive devices is projected to be the fastest growing
sub-segment of the female contraceptives segment. Growing popularity
among women who prefer to obtain permanent contraception without
painful surgeries is the major factor propelling the non-surgical
permanent contraceptive devices sub-segment. Based on end-user, the
global contraceptive devices market can be divided into hospitals,
clinics, ambulatory surgical centers, and home care.
Geographically, the global contraceptive devices market can be
segmented into North America, Europe, Asia Pacific, and Rest of the
World. North America dominates the global market due to high
incidence rate of unplanned pregnancies, implementation of the
Affordable Care Act in the U.S., and high usage of contraceptive
devices in this region. Favorable reimbursement policies for
contraceptives by large insurance firms for all federal employees
(U.S.) and their dependents has contributed significantly to the
growth of the contraceptive devices market in North America. The
contraceptive devices market in Asia Pacific is expected to witness
the fastest growth during the forecast period. Strong economic growth
in India and China, high population, rise in disposable income,
increase in awareness about contraceptives and its advantages for
preventing pregnancy and sexually transmitted infections are expected
to accelerate the growth of the market in the region during the
forecast period.
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Key players operating in the global contraceptive devices market
include Bayer HealthCare AG, Teva Pharmaceutical Industries Limited,
Medisafe Distribution, Inc., Actavis, Inc., Medicines360, Pace
Pharmaceuticals Inc., Cooper Surgical, Inc., Mayer Laboratories,
Inc., Church & Dwight, Co., Inc., Merck & Co., Inc., Reckitt
Benckiser plc, and Pfizer, Inc. These players focus on creating
various awareness programs and providing contraceptives at cost
effective prices to increase market share and sustain in the highly
competitive market.
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