There’s been a steady rise in government endeavor to promote essential awareness about the adverse effects of unwanted pregnancies and population growth.
Contraceptives Industry Overview:
The Contraceptives market players, though, are coming up with innovative strategies to sustain their presence in the highly competitive scenario, whereas steep surge in the R&D activities has also been beneficial for the market growth. According to Allied Market Research, the global contraceptives market is projected to quote a considerable CAGR from 2021 to 2030. There’s been a steady rise in government endeavor to promote essential awareness about the adverse effects of unwanted pregnancies and population growth.
In the last few years, the ‘quality of life’ of women has turned out to be an imperative aspect of the economic & social welfare of countries, especially the ones with high population growth. To the researchers and practitioners alike, family planning has become a subject of significant interest indeed. However, women’s choices of contraceptive approaches are mainly impacted by the efficiency, effectiveness, and safety of the procedures as well as by changes in their quality of life, including their sexual life, personal experience, and economic influences.
Impact of COVID-19 Pandemic on Contraceptives Market (Pre & Post Analysis)
In addition, the COVID-19 outbreak is expected to have an advantageous effect at the Contraceptives market. A massive range of clinics and hospitals throughout the globe had been restructured to boom the clinic ability for sufferers identified with COVID-19. The non-important methods took an ability backlog because of unexpectedly growing COVID-19 cases. The lockdown brought about the disruption of producing and transportation of healthcare essentials. Moreover, different elements liable for the effect available in the marketplace consist of constrained availability of clinical care, scarcity of healthcare personnel and upward push in burden of COVID-19 associated hospitalization.
A number of government programs also tend to cater to the growing demand for modern contraception means as well as generative health facilities. The majority of women population are shelving motherhood nowadays, since career prioritization has become a primacy for them. At the same time, women are also getting more aware of the cost of upbringing a child properly, which in turn has supplemented the market growth yet more.
Moreover, rise in the incidence of STD across the world has heightened the demand for contraceptive means in more than one way. A number of studies have been conducted and it’s revealed that contraception means such as rings, patches, and even pills are very much effectual in averting sexually transmitted diseases. The World Health Organization is also keenly operating to improve and incorporate high-end contraceptive services and STD prevention methods to curtail the prevalence of these disorders.
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Top Leading Players:
- Reckitt Benckiser Plc,
- Warner Chilcott Company,
- BioSante Pharmaceuticals Inc.,
- Agile Therapeutics Inc.,
- HLL Lifecare Limited,
- MANKIND Pharmaceuticals,
- TTK HealthCare,
- Boehringer Ingelheim GmbH,
- Watson Pharmaceuticals
- V-Care Pharma Pvt. Ltd.,
- Vardhman Life care pvt.
Last but not the least; a lot of government as well as non-government ventures are accentuating on considerable investments to heighten awareness and emphasis on sexual health. For example, in 2019, the Public Health England HIV Prevention Innovation Fund laid out around 8 Lac US dollar to facilitate 14 volunteer organizations working to acquiesce new approaches toward prevention of HIV. The United King government has also put in huge outlays in the global fund to combat AIDS.