The Brazil contraceptives devices market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing patient awareness huge untapped opportunities, economic development, and continuous improvement of health infrastructure.
Contraception is the prevention of pregnancy through the use of drugs, barriers, medical devices, and surgical methods to interfere with ovulation, implantation, and fertilization. These drugs are drugs that inhibit sexually transmitted diseases. The increasing prevalence of sexually transmitted diseases such as gonorrhea, chlamydia, hepatitis B, and HIV worldwide is one of the key factors driving market. Unexpected pregnancy is the major factor driving market. Some governments in developed and developing countries are also carrying out advocacy activities and promoting the use of effective contraceptives, especially in rural areas, to control populations and prevent the spread of sexually transmitted diseases. This has led to a significant increase in the demand for easy-to-use, removable, and inexpensive contraceptives.
The contraceptive market has multiple distribution channels, including hospital pharmacies, retail pharmacies, clinics, online channels, community channels, and non-governmental organizations. Contraceptive measures for healthcare professionals and the government’s active support for the distribution of contraceptives through government-subsidized hospitals the market is expected to grow significantly in the next few years.
Market Trends, Drivers, Restraints, and Opportunities
- Rising adoption of contraceptive devices for preventing unwanted pregnancy and focus on family planning is expected to boost the market during the forecast period.
- Rapid growth of the contraceptive industry owing to free distribution of contraceptive devices in hospitals, villages, and government initiatives is major factors fueling the market.
- Increasing awareness among females about health effects on teenage pregnancies and demand for oral pills is anticipated to drive the market during forecast period.
- High risk of health effects associated with use of contraceptive devices such as hormonal imbalance and availability of alternative contraceptive methods is projected to restrict the market growth.
- Lacks of awareness and social acceptance on the use of contraceptive devices act as major factors that can hamper the market growth during the forecast period.
- R&D investment and development in contraceptive products to minimize the health effects after consumption is expected to offer significant opportunities for the market players.
Key Players
- Veru Inc. (The Female Health Co.)
- Church & Dwight Co., Inc.
- Allergan PLC
- The Cooper Companies Inc.
- Bayer AG
Competitive Landscape
Key players competing in the Brazil contraceptive devices market include Veru Inc. (The Female Health Co.); Church & Dwight Co., Inc.; Allergan PLC; The Cooper Companies Inc.; and Bayer AG.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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