Dover,DE, May 19, 2016 (GLOBE NEWSWIRE) -- Contraceptives Market size is poised to touch USD 33.6 billion in revenue by 2023; as reported in the latest study by Global Market Insights, Inc. A number of government initiatives aimed at curbing unwanted pregnancies, as well as favorable regulatory framework coupled with heightened awareness level among the public will drive demand.
Global contraceptives market size in 2015 was USD 19.8 billion and is projected to increase at 6.8% CAGR throughout the next seven year timeframe. Growing need for population control and increasing incidence of STDs are two of the highest impact rendering drivers of this industry. Moreover, implementation of activities aimed at controlling unwanted pregnancy associated healthcare spending, and the increasing awareness levels among the users should ensure positive market growth in the coming years.
While there is increase in the proportion of women using contraception in the developing economies in the recent years, there is more number of women recorded to have not been using contraception due to the increasing population. With the increasing number of women entering into the reproductive age, health ministries of the nations are involved in increasing the awareness levels of their citizens and to improve the distribution channels
Get sample pages from our latest research report @ https://www.gminsights.com/request-sample/detail/430
Despite of advancements in the contraceptive technology and the related spending per year, on contraception research and development, the rate of unplanned pregnancy in the U.S. has continued to stand unchanged over past years.
Approximately 3 million women in the nation experience an unplanned pregnancy and around 90% of the women use some method of contraception. This unplanned pregnancy resulted in abortions, therefore entailing unnecessary healthcare expenditure. With the aim of curbing healthcare expenses, government in the U.S. and Norway encourage contraceptive use among women.
Contraceptive pills is identified to be the most lucrative product segment in the contraceptive drugs market, estimated to grow at a CAGR of 5.3%, from 2016 to 2023. The industry is majorly driven by the presence of favorable government initiatives and regulatory framework. These initiatives help elevate patient awareness levels, as well as encourage research and development. For instance, the Chinese government has launched a program wherein, parents having single child would be eligible for tax payment exemption and free education to the child up to the age of 18 years
Increasing population in the developing APAC industries including China as well as India is anticipated to enhance contraceptive drugs and devices demand in the coming years.
To access sample pages or view this report titled, “Contraceptives Market Size By Product (Drugs [Oral Contraceptive Pills, Injectables, Topical], By Devices Condoms, Diaphragms, Sponges, Vaginal Rings, Subdermal Implants, Copper IUD, Hormonal IUD], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, India, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 - 2023” in detail along with the table of contents, please click on the link below:
Key insights from the report include:
Browse Full Press Release @ https://www.gminsights.com/pressrelease/contraceptives-market
Global Market Insights has segmented the contraceptives industry on the basis of product, type and region:
Global Contraceptives Market Product Analysis (Revenue, USD Million; 2014 - 2023)
Contraceptives Market Regional Analysis (Revenue, USD Million, 2014 – 2023)
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Jack Davis Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1 888-689-0688 Email: email@example.com Web: https://www.gminsights.com Blog: https://gminsights.wordpress.com