The global contraceptives
market is growing significantly due to increasing incidences of
unwanted pregnancies, increasing prevalence of sexually transmitted diseases
and advances in contraception techniques. In addition, government and
non-government organizations are funding and supporting programs to encourage
contraception. Large unexplored contraceptives market in emerging economies is
creating ample opportunities for the global contraceptives market to grow at a
considerable rate in the coming years. Several major players in the
contraception market are actively involved in the research and new product
development for contraception, which could meet the demand of cost effective
long term contraception.
Contraception is a method used to prevent pregnancy.
Several contraceptives, such as hormonal drugs, physical barriers, and advanced
contraceptive devices have been developed in order to prevent unwanted
pregnancy. Contraceptives also help in preventing sexually transmitted
infections. According to a report published by Guttmacher Institute, a
non-profit organization working in advance sexual and reproductive health,
213.4 million pregnancies occurred across the globe in 2012, of which 40.0%
were unintended. Also, high number of sexually transmitted infection is a major
concern across the globe. According to the WHO, in 2013, 35.0 million people
lived with HIV/AIDS and 1.5 million people died due to AIDS –related illness
worldwide. The organization also reported that an estimated 500 million new
curable sexually transmitted infections (including chlamydia, gonorrhoea,
syphilis and trichomoniasis only) occur across the globe each year.
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The global contraceptives market is categorized as
devices and drugs. Based on devices, the contraceptives market is categorized
as contraceptive sponges, vaginal rings, contraceptive diaphragms, intrauterine
devices (IUDs), subdermal implants, male condoms, female condoms, and others.
The IUDs segment is further categorized as hormonal IUDs and copper IUDs. On
the basis of drugs, the contraceptive market can be categorized as topical
contraceptives, injectable contraceptives, and oral contraceptives or pills.
Contraceptive pills lead the global contraceptive drugs market due to its
convenience in use and high efficiency in emergency contraception.
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Geographically, North America leads the global
contraceptives market due to high awareness about contraception, high number of
unwanted pregnancies, and increasing prevalence of sexually transmitted
diseases among adolescents and young adults. In addition, inclusion of
contraception in Patient Protection and Affordable Care Act as preventive
services to be provided without co-payment by patient further drives the growth
of global contraceptives market in North America region.
Asia-Pacific is the
fastest growing region in the global contraceptives market. The major reasons
for the fastest growth in the region are increasing prevalence of sexually
transmitted diseases, high unintended pregnancies, and improving healthcare
infrastructure. Moreover, the contraceptives market is growing rapidly due to
the several government supported programs for promoting contraception in
emerging economies, such as India and China, of Asia-Pacific region.
