Vasectomy Market Overview
Global vasectomy market is expected to grow at a CAGR of 7.1% during forecasted period 2017-2023. The vasectomy market is expected to grow at a steady rate during the forecast period. Increasing awareness about rising population is the key factor driving the growth of the market. Additionally, low cost of surgical procedure, health insurance coverage, no need of hospitalization and risks associated with female contraception like hormonal imbalance, increase in body weight, risk of cancer and others, are some of the factors influencing the market growth. Whereas, ethical and ideological issues, infections, bleeding, haematoma, bruising, risks of certain cancers, increased risk of heart disease, damage of sexual organs may hinder the growth of the market.
Increasing demand due to growing population and male female equality, side effects of female contraception such as risk of cancer, hormonal disturbances, osteoporosis, rise in body weight etc., high safety profile of vasectomy and its simplicity over tubectomy such as lower cost, low rates of infection, simplicity and less hospital stay etc. and others are major drivers of the Vasectomy market share. The market restraints are the complications such as risk of bleeding, infections etc., lack of awareness, issues of male supremacy coupled with the non-reversible nature of vasectomy, social taboo, especially, in the developing regions and others.
Vasectomy Market Key Players:
- Pfizer Inc.
- Abbott
- GlaxoSmithKline plc
- Sanofi S.A.
- Novartis AG
- Bayer AG
- Bristol Myers Squibb Company
- Eli Lilly and Company Inc.
- Accurate Surgical & Scientific Instruments Corporation
among others are some key companies in the global Vasectomy Market that are listed by MRFR for market research.
Global Vasectomy Market Segment
The global vasectomy market has been segmented on the basis of type, drug, patient, and end user.
- Based on the type, the market has been segmented as conventional vasectomy, no-scalpel vasectomy, and minimally invasive vasectomy.
- Based on the drug, the market has been segmented as anesthetics, pain killers, antibiotics, and others.
- Based on the patient, the market has been segmented as humans, and animals.
- Based on the end user, the market has been segmented as hospitals and clinics, research and academics, and others.
Vasectomy Market Regional Analysis
The vasectomy market is dominated by North America owing to rising healthcare expenditure in this region. According to the Centres for disease control and prevention (CDC), in 2015 the United States spent 3.2 trillion USD on national health expenditures. Also, the rising male-female equality, increased adoption of technologically advanced devices, high concentration of the major hospitals, health insurance coverage and rising awareness about increasing population drives the market growth in this region.
It is estimated that Europe stood second in the global vasectomy market. Growing pharmaceutical and healthcare sector and increasing health care activities are driving the growth of this market in Europe. Germany and France are leading countries in vasectomy market due to rapid adoption of technologically advanced devices.
Asia Pacific was projected to be the fastest growing region for the global vasectomy market. Key factors such as growing population, increase need for birth control, and growing population control awareness programs influences the market in this region. According to the United Nations, India has a population of 1.26 billion in 2018 and with such growth rate, India will be the most populated country by 2028. Hence the need of birth control in this region will boost the market growth.
Table Of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
6. Global Vasectomy Market, By Type
6.1 Introduction
6.2 Conventional Vasectomy
6.2.1 Market Estimates & Forecast, 2020-2027
6.3 No-Scalpel Vasectomy
6.3.1 Market Estimates & Forecast, 2020-2027
6.4 Minimally Invasive Vasectomy
6.4.1 Market Estimates & Forecast, 2020-2027.
TOC Continued…
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