Brooklyn, New York, USA, 2021-Apr-27 — /Meridian Market Consultants/ — An overview of conceptual frameworks, analytical approaches of the Permanent Birth Control Drugs Market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The permanent birth control drugs market is expected to grow at a significant rate in the near future.
The global Permanent Birth Control Drugs Market in 2020 is estimated for more than US$ 38,161.4 Mn and expected to reach a value of US$ 62,857.4 Mn by 2028 with a significant CAGR of 6.4%.
Birth control is a method of preventing pregnancy using drugs or a device. It is also known as contraception and fertility control. In order to prevent pregnancy devices used in contraception interfere along with normal process of sperm-ovum fertilization.
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Permanent Birth Control Drugs Market Dynamics
Increasing attention towards the prevention of unintended pregnancy and family planning is one of the major factors that are expected to prompt the growth of the permanent birth control drugs market around the globe. According to the centers for disease control and prevention, in 2017, it was estimated that about 194,377 babies were born to women, aged 15-19 years, for a birth rate of 18.8 per 1,000 women, in this age group.
In addition, the increase in the use of contraception in young women along with the rise in higher educational attainment propels the target market growth.
Furthermore, health problems linked with under-age pregnancies can be reduced due to the increase in popularity of new era’s contraception methods, and the increase of contraceptive oral pills use as an important method to avoid unplanned pregnancy, which further boosts the growth in the global contraceptives market.
Moreover, government initiatives to spread awareness regarding population control is expected to support the growth of the target market in the near future.
However, risks related to the human health of using contraceptives, availability of alternate contraceptive methods, and lack of social acceptance is expected to undermine the growth of the permanent birth control drugs market.
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Permanent Birth Control Drugs Market Segmentation
The permanent birth control drugs market is segmented on the basis of product, age group, education, end-user, and by region.
By Product
Drugs
Devices
Intrauterine Devices (IUDs)
Hormonal IUDs
Copper IUDs
Diaphragms
Sponges
Patches
Implants
Vaginal Rings
Others
By Age Group
15‐24 years
25‐34 years
35‐44 years
Above 44 years
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By Education
Less than high school
High school graduate
College graduate
Other college degrees
By End User
Household
Hospitals
Clinics
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Permanent Birth Control Drugs Market Competitive Landscape
Some of the key participating players in the global permanent birth control drugs market are The Female Health Company, Teva Pharmaceutical Industries Limited, Mayer Laboratories Allergan plc, Bayer AG, Pfizer, Inc., Cooper Companies, Inc., Ansell LTD., Merck & Co., Inc., and Church & Dwight, Co., Inc.
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Regional Segmentation
On the basis of region, the Permanent Birth Control Drugs market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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