London, 29 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global female contraceptives market 2015-2019. Governments and NGOs are promoting the importance of family planning and birth control measures, which is expected to increase the usage of contraceptive devices, especially in rural areas. The use of effective contraception devices can prevent 90% of abortion-related and 20% of pregnancy-related morbidity and mortality cases in developing countries. The global female contraceptives market is expected to grow at a CAGR of 3.0% during the forecast period of 2014-2019.
Much of this market’s growth is attributed to the increased public awareness through commercial and marketing methods such as advertisements. The most popular method of birth control is still the pill, which is consumed by both sexually active and inactive women. Moreover, the growing popularity of Sino-implants is likely to boost the demand for these products. IUDs and sterilization are gaining popularity among individual consumers because of the growing awareness about these devices and methods.
“The World Health Organization (WHO), individual governments, and NGOs are implementing initiatives to increase awareness about contraceptives and eradicate sexually transmitted dieses,” says Faisal Ghaus, Vice President of Technavio Research.
“The implementation of the Affordable Care Act in the US and the Obamacare rule where the supply of contraceptives were mandatory with the employees’ health plans widened the reimbursement options for contraception methods, propelling the overall market growth.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Female Contraceptives Market 2015-2019, please send an e-mail to media@TechNavio.com
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