What is Global Contraceptives Devices Market?
The Global Contraceptives Devices Market is a vast and dynamic sector that encompasses a wide range of products designed to prevent unwanted pregnancies. These devices, which include condoms, diaphragms, sponges, and others, are used by individuals worldwide to maintain control over their reproductive health. The market's value was estimated at US$ 15340 million in 2023, and it's projected to grow significantly, reaching an estimated value of US$ 22080 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2024 to 2030.
Condoms, Diaphragms, Sponges, Other in the Global Contraceptives Devices Market:
Condoms, diaphragms, sponges, and other contraceptive devices play a crucial role in the Global Contraceptives Devices Market. Condoms are the most commonly used contraceptive device worldwide due to their effectiveness and ease of use. They not only prevent unwanted pregnancies but also protect against sexually transmitted infections. Diaphragms, on the other hand, are a female contraceptive device that provides a physical barrier to prevent sperm from reaching the egg. Sponges work similarly to diaphragms but are soaked in spermicide to increase their effectiveness. Other contraceptive devices include intrauterine devices (IUDs), contraceptive implants, and contraceptive injections. These devices offer long-term protection against pregnancy and are gaining popularity due to their high effectiveness and convenience.
Hospital, Pharmacy, Other in the Global Contraceptives Devices Market:
The Global Contraceptives Devices Market finds its application in various areas such as hospitals, pharmacies, and others. Hospitals are the primary users of these devices as they provide a wide range of contraceptive services, including the insertion of IUDs and contraceptive implants. Pharmacies, on the other hand, are the main distribution channel for over-the-counter contraceptive devices like condoms and sponges. Other areas where these devices are used include clinics, family planning centers, and online platforms. The increasing accessibility and availability of these devices have significantly contributed to the growth of the market.
Global Contraceptives Devices Market Outlook:
Looking at the market outlook, the Global Contraceptives Devices Market is set for substantial growth in the coming years. In 2023, the market was valued at US$ 15340 million. However, it's not just going to stop there. The market is expected to grow at a steady pace, with a CAGR of 5.4% from 2024 to 2030. By the end of this period, the market is projected to reach a staggering US$ 22080 million. This growth is driven by factors such as increasing awareness about reproductive health, advancements in contraceptive devices, and the growing demand for easy-to-use and effective contraceptive methods.
| Report Metric | Details |
| Report Name | Contraceptives Devices Market |
| Accounted market size in 2023 | US$ 15340 million |
| Forecasted market size in 2030 | US$ 22080 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Bayer, Durex, Trojan (Church & Dwight), Lifestyles (Ansell), Sir Richard’s, GLYDE, Okamoto, Sagami, Gobon, NOX |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
