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(Medical-NewsWire.com, February 11, 2016 ) 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.
Explore more or request TOC on Global Contraceptives Market at: https://www.psmarketresearch.com/market-analysis/contraceptives-market
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.
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.
Some of the factors driving the growth of the global contraceptives market are increasing prevalence of sexually transmitted diseases, high number of unwanted pregnancies and continuous advances in contraceptive technology. On the other hand, aging population, increasing infertility rate, and side effects of oral contraceptive drugs are some of the factors restraining the growth of the global contraceptives market to some extent.
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.
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Some of the major players operating in the global Contraceptives market are CooperSurgical Inc., Mayer Laboratories Inc., Merck & Co. Inc., Bayer AG, Actavis Inc., Reckitt Benckiser plc, Pfizer Inc., The Female Health Company, Teva Pharmaceutical Industries Ltd.
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