Market Segmentation
Approval, development, and commercialization of new, more effective, and long-acting reversible contraceptive methods are anticipated to boost the growth market during the forecast period. Furthermore, the need for non-hormonal contraceptives in the U.S. is increasing, as they eliminate the risk of adverse effects associated with hormonal imbalance in the body. Companies operating in contraceptive market have a significantFor Instance, in August 2020, the U.S. FDA approved Phexxi, a non-hormonal form of birth control for women, which helped regulate vaginal pH levels. Opportunity to introduce advanced versions of non-hormonal contraceptive products.
Increase in R&D spending on contraceptives, despite of advancements in contraceptive technology, the rate of unplanned pregnancies in the U.S. has remained unchanged for decades. For instance, in the U.S., each year, approximately 45% of pregnancies are estimated to be unwanted pregnancies. This has increased the economic burden on low-income families that do not have easy access to modern and more effective methods of contraception. According to Guttmacher Institute, in 2016, 21 million women of reproductive age (13 to 44) needed publicly funded contraceptive services and products. This is mainly because majority of these women fall under the poverty line or are below the age of 20. Thus, federal and state governments are actively working toward improving family planning services and increasing access to modern contraceptives.
Several complication associated with contraceptive drugs and devices which lead to adopt traditional method such as rhythm, vasectomy, tubectomy, withdrawal, and abstinence. Furthermore, serious long-term adverse effects associated with oral contraceptive pills, such as decreased libido, vaginal discharge, stroke, blood clots and increased risk of breast cancer, may limit usage and lead to imposition of bans by regulatory agencies such as the U.S. FDA.
This section will provide insights into the contents included in this U.S. contraceptive market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance