The Future of the Continuously Variable Transmission Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theContraceptive Devices Market?
The rise in sexually transmitted diseases (STDs) is anticipated to bolster the contraceptive device market’s expansion. STDs, principally contracted through sexual contact, can affect multiple body areas and can potentially lead on to various symptoms and health issues. Factors contributing to the increasing prevalence of STDs include heightened sexual activity, inadequate protection, insufficient sexual health knowledge, and difficulties in accessing healthcare and testing. Contraceptive devices such as condoms are essential in the prevention of STDs as they create a barrier that curtails the likelihood of transmission by avoiding direct contact with infectious fluids and lesions. For example, a report by the UK Health Security Agency, a government agency in the UK, stated that there were 401,800 new STI diagnoses in England in 2023, reflecting a 4.7% rise from the 383,789 cases in 2022. The same report cites a 7.5% increase in gonorrhea diagnoses from 79,268 in 2022 to 85,223 in 2023, and a 9.4% surge in infectious syphilis diagnoses from 8,693 in 2022 to 9,513 in 2023. As a result, the escalating occurrence of sexually transmitted diseases is fuelling the contraceptive device market’s growth.
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#How Does the ProjectedContraceptive Devices Market Growth Compare Over the Forecast Period?
The market size for contraceptive devices has seen significant growth recently. The market is projected to escalate from $12.8 billion in 2024 to $13.66 billion in 2025, having a compound annual growth rate (CAGR) of 6.7%. Several factors have contributed to this growth during the historic period, including increasing consciousness regarding the importance of family planning and contraceptive techniques, government schemes, the rise in global population, heightened attention on health and empowerment of women, and enhanced access to healthcare services.
Strong expansion is expected in the contraceptive devices market in the coming years, with a predicted growth to $17.47 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the forecast period include increased sexual health and STD awareness, economic advantages associated with family size control, a greater societal acceptance of contraception, a significant percentage of the population being of reproductive age, and the role of social media in promoting awareness. The upcoming trends for this forecast period are expected to include innovations in contraceptive technologies, awareness programmes by NGOs and health organizations, progress in pharmaceutical formulations, a broad selection of contraceptive products, and increased investment in the research and development of novel contraceptive methods.
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What Key Market Trends and Innovations Are Shaping the Future of theContraceptive Devices Industry?
Prominent enterprises in the contraceptive device market are advancing innovative creations, including contraceptive vaginal rings. These products offer a practical, easy-to-maintain form of birth control that only requires once-monthly insertion. Contraceptive vaginal rings are flexible devices that release hormones inside the vagina, successfully preventing pregnancy by continuously suppressing ovulation and thickening cervical mucus. In the context, Xiromed LLC, a pharmaceutical firm from the USA, launched the EnilloRing in October 2023. This product, created by Xiromed, is a contraceptive vaginal ring that amalgamates etonogestrel and ethinyl estradiol. It’s designed for a prolonged duration, staying in place for about three weeks. Following this stint, there’s a one-week ring-less break to effectively avert pregnancy.
Which Companies Are Leading the Charge in Expanding theContraceptive Devices Market Growth?
Major companies operating in the contraceptive devices market are Pfizer Inc., Johnson & Johnson Services Inc., Bayer AG, Boehringer Ingelheim International GmbH., Teva Pharmaceutical Industries Ltd., Mylan N.V., Organon Group, Hologic Inc., CooperSurgical Inc., Cipla Inc., Mankind Pharma Ltd., TTK HealthCare Ltd., Zondervan, Merck Sharp & Dohme Corp., Evofem Biosciences Inc., Veru Inc., Medisafe Inc., Agile Therapeutics Inc., Janssen Global Services LLC, HLL Lifecare Ltd., Mayer Laboratories Inc., V-Care Pharma Pvt. Ltd., Vardhaman Lifecare Pvt. Ltd., Actavis Pharma LLC, Pregna International Limited
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How is the Global Contraceptive Devices Market Segemented?
The contraceptive devices market covered in this report is segmented –
1) By Product Type: Male Contraceptive Devices, Female Contraceptive Devices, Female Condoms, Diaphragms And Sponges, Vaginal Rings, Intrauterine Devices, Sub-Dermal Implants, Others Product Types
2) By Technology: Hormonal Contraceptives, Barrier Contraceptives
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channels, Public Channel And Non-Governmental Organization (NGO), Other Distribution Channels
Subsegments:
1) By Male Contraceptive Devices: Male Condoms, Vasectomy Devices, Male Contraceptive Injections, Male Contraceptive Pills
2) By Female Contraceptive Devices: Female Condoms, Diaphragms And Sponges, Vaginal Rings, Intrauterine Devices (IUDs), Sub-Dermal Implants, Emergency Contraceptive Devices
3) By Female Condoms: Internal Latex Female Condoms, Non-Latex Female Condoms
4) By Diaphragms And Sponges: Silicone Diaphragms, Latex Diaphragms, Contraceptive Sponges
5) By Vaginal Rings: NuvaRing (And Other Hormonal Vaginal Rings), Non-Hormonal Vaginal Rings
6) By Intrauterine Devices (IUDs): Copper IUDs, Hormonal IUDs, Non-Hormonal IUDs
7) By Sub-Dermal Implants: Hormonal Implants, Non-Hormonal Implants
8) By Other Product Types: Contraceptive Patches, Contraceptive Injections, Contraceptive Pills, Contraceptive Gel And Creams
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Which Geographics are Influencing the Growth of the Contraceptive Devices Market?
North America was the largest region in the contraceptive devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contraceptive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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