The worldwide contraceptives market is foreseen to experience exceptional competition with the emergence of a huge number of companies that work globally. Nevertheless, Bayer AG sustained as the victorious business in year 2016 ascribed to its several solid worldwide presence and item portfolio. This has supported other key players to create effective and affordable contraception products in coming years.
Some other major firms in the contraceptives market are Cipla Inc., Mankind Pharma, Mithra Pharmaceuticals, Janssen Pharmaceutical Company, Teva Pharmaceutical Industries Ltd., Allergan plc, Merck Co. Inc., Pfizer Inc., HLL Lifecare Limited, Reckitt Benckiser plc among the rest of them. Moreover, Pharmaceutical organizations ViiV Healthcare — a worldwide expert HIV organization framed in 2009 through an extraordinary association amongst GSK and Pfizer — and Belgium-based Janssen, have additionally grabbed the nanoparticles and are utilizing them to form a warehouse infusion into the muscle, which means one infusion could give HIV prescriptions to up to 3 months. Though the pediatric and oral plans are still years from making it on to the market, the main injections are in stage II and III clinical trials and may be accessible.
Request A Sample-
North America to Emerge Dominant Region among Others in Contraceptives Market
According to Transparency Market Research (TMR) the global contraceptives market is anticipated to grow at a steady CAGR of 6.1% within the forecast period. This figure was evaluated to be worth US$ 22,050 mn in year 2016. This worth is expected to be around US$ 37,242.7 mn by year 2025. On the basis of the key product type, preventative gadgets holds importance with the fragment holding around 53.2% market share in year 2016. Healthcare medical store dominates among the major conveyance channels by through several great elements. Based on geography, North America accounts for interesting development prospects as compared with other major regions for contraceptives. Be that as it may, Asia Pacific is prepared to project the key development pace over the conjecture time frame.