Industry Insights
Contraceptive drugs and devices market is expected to grow over the
forecast period owing to the increasing prevalence of sexually
transmitted diseases such as HIV & HPV and growing population. The
other drivers of this market are increasing government & NGO’s
programs against the abortion, social & political consideration, and
changing lifestyle. Contraceptive drugs & devices are the commonly
known for birth and fertility control and are used to avoid pregnancy.
Function of these devices & drugs is to change ovulation
mechanism by acting as a physical barrier between ovum and sperm. Lack
of contraception results have impacted on healthcare costs due to the
unwanted abortions and pregnancies. The usage, planning and provisions
of contraceptives are known as family planning. There are various
advantages attached to the contraceptive drugs & devices as it helps
in the prevention of spread of sexually transmitted diseases.
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Family planning includes application of intra-uterine devices,
sterilization, hormonal barrier as a method for birth control. Apart
from these, there are emergency controls, dual protection and behavioral
are available for prevention of pregnancy. Global market for
contraceptives encompasses female contraceptive devices, male
contraceptive devices, and vaginal, oral, and injectable contraceptive
drugs. These contraceptive devices and drugs are available globally in
almost all the outlets ranging from chemists, pharmacies, fertility
centers and reproductive health centers.
All the sexually active females at childbearing age are at a risk of
unwanted pregnancies due to unsafe sex. There has been tremendous growth
in the sexually transmitted diseases sector and the global population,
due to the lack of awareness about the contraceptive drugs and devices.
All these have generated awareness among the people to curb unplanned
and unwanted pregnancies. This market has a huge unmet opportunity over
the forecast period.
Product Insights
Contraceptive drugs and devices market is segmented on the basis of
product types into contraceptive drugs, female contraceptive devices,
and male contraceptive devices. Among these, largest share is held by
contraceptive drugs as of 2014, as it is easiest method of
contraception. There has been lot of technological advancements in
contraceptive drugs such as as development of emergency oral
contraceptive pills. These contraceptive drugs are used for preventing
unwanted pregnancy.
These drugs are composition of one or more synthetic female sex
hormones like progestin or progestin and estrogen. So it prevents
pregnancy by blocking the normal and complex process of ovulation. It
helps by prohibiting implantation of male hormones within the uterus, if
it is taken within 2-3 days. Simplicity of their usage makes it
prominent contraceptive in the market. The other forms of contraceptive
drugs are injectable and topical, had also witnessed strong growth rate.
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Moreover, the contraceptive drugs and devices market has witnessed
growth due to the introduction of cheap contraceptives such as
Pill-Plus, AG200-15 Contraceptive Patch and Sino-Implant (II). Female
contraceptive devices are the fastest growing market. This market is
further classified into, sub-dermal contraceptive implants, female
condoms, contraceptive vaginal rings, intrauterine devices,
contraceptive sponges, contraceptive diaphragm and non-surgical
permanent contraception device.
Regional Insights
Geographically, the Contraceptive drugs and devices market is studied
with respect to four regions such as North America, Europe, Asia Pacific
and RoW. Among these, North America and Europe is dominating the whole
market owing to its sophisticated healthcare infrastructure, increasing
awareness, availability of contraceptive drugs & devices,
technologically advanced systems, and government initiatives. Over the
forecast period, most of the domestic and international players are
focusing on the emerging market, such as China, India, as these markets
are lucrative by nature, and owe towards untapped opportunity, and these
countries are growing rapidly in the contraceptive drugs and devices
market.
Competitive Insights
The major players in the, Contraceptive drugs and devices market are
Merck & Co., Bayer Healthcare AG, Warmer Chilcott Company inc.,
Church & Dwight Co. Inc., Pfizer Inc., Agile Therapeutics Inc.,
Mayer Laboratories Inc., BioSante Pharmaceuticals, Teva Pharmaceutical
Industries Ltd, and Pantarhei Bioscience B.V.
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