Medical - - Oct 31,2017
As per research findings, the percentage of women using contraceptives approaches has increased in both developed and developing countries.
In recent years, the rising prevalence of sexually transmitted infections has become a menace. This factor is responsible for the advancement of the contraceptive market. Currently, the percentage of women using contraceptive methods has risen in both developed and developing countries.
According to researchers, the campaigns which are generally undertaken by government organizations and NGOs are now being endorsed by celebrities, which is supporting the use of contraceptives among young adults. Furthermore, the market for contraceptives is speedily growing due to increasing public awareness regarding the right decisions linked to sexual and reproductive health. As per active analytics, the market for birth control or fertility control medicines and components is projected to surge at a CAGR of 6.1% between 2017 and 2025. It is further anticipated, the contraceptive market might surely acquire US$37,242.7 mn in the coming years.
It has been noticed that, in emerging regions, especially among the urban population the presence of modern education is playing a crucial role in increasing the adoption of contraceptives. Focusing on the regional preference, North America dominates the market standings and acquired a share of 35.0% in 2016. Different factors motivating the growth rate in North America contraceptives market comprises of rising prevalence of unintentional pregnancies, growing usage of contraceptives among teenagers and escalating trend of delayed childbearing.
The market for contraceptives includes names such as Allergan plc, Janssen Pharmaceutical Company, Mankind Pharma, Teva Pharmaceutical Industries Ltd., Mithra Pharmaceuticals, Merck & Co., Inc., Cipla Inc., HLL Lifecare Limited, Bayer AG etc., which have been contributing tremendously to the development of the concerned industry.
For more information on this report visit- https://www.marketresearchhub.com/report/contraceptives-market-global-industry-size-market-share-trends-analysis-and-forecasts-2012-2018-report.html