Contraceptives Market 2022 Update On Global Development, Size, Average Price, Competitive Analysis
Posted by kartik joshi on December 13th, 2022
The "Contraceptives Market forecast to 2028 - covid-19 impact and global analysis" report added to the insight partners has covered and analyzed the potential of global Contraceptives Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global market. Additionally, the report also highlights market entry strategies for various companies across the globe
An exclusive Contraceptives Market research report provides depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa.
Contraceptives prevent pregnancy by preventing sperm from entering the uterus. It is commonly known as the birth control method used to avoid pregnancy. Various contraception methods are available in the market, such as male condoms, female condoms, IUDs, vaginal rings, diaphragms, and contraceptive sponges. Condoms are the only contraception that prevents sexually transmitted infections (STI). The growth of the contraceptives market is attributed to the factors such as increasing rate of unwanted pregnancies and surge in product innovations and launches. However, lack of contraceptives adoption in low-income countries is projected to deter the market growth.
The prominent/emerging players in the Contraceptives Market research include:
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Based on product, the condoms segment held the largest share of the market in 2020; whereas, the intrauterine product (IUDs) segment is expected to grow at the fastest CAGR during the forecast period. IUDs are popular and one of the most effective forms of birth control globally. Factors driving the growth of the segment are increasing rate of unintended pregnancies and launch of innovative products. Bayer received the US Food and Drug Administration (FDA) approval for Kyleena (levonorgestrel-releasing intrauterine system) 19.5 mg, a progestin-containing intrauterine system, that prevents pregnancy for up to five years.
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About the Authorkartik joshi
Joined: September 27th, 2022
Articles Posted: 141
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