Medical Devices
US Contraceptive Devices Market Analysis
The US contraceptive devices market is projected to grow from $5.4 Bn in 2022 to $8.6 Bn by 2030, registering a CAGR of 6% during the forecast period of 2022-30. The US contraceptive devices market is a growing and dynamic market that includes a range of products designed to prevent pregnancy. Bayer is a German multinational pharmaceutical company that manufactures a range of contraceptive products, including oral contraceptives and IUDs.
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US Contraceptive Devices Market Executive Summary
The US Contraceptive Devices Market is projected to grow from $5.4 Bn in 2022 to $8.6 Bn by 2030, registering a CAGR of 6% during the forecast period of 2022-30.
The US contraceptive devices market is a growing and dynamic market that includes a range of products designed to prevent pregnancy. Contraceptive devices are used by both men and women and can be categorized into several different types, including hormonal, barrier, and intrauterine devices (IUDs).
Overall, the US contraceptive devices market is a growing and dynamic market that is expected to continue to grow in the coming years. The market is characterized by increasing awareness and acceptance of contraceptive devices, government initiatives and programs, technological advancements, and the increasing prevalence of STIs.
Market Dynamics
Market Growth Drivers
- Increasing awareness and acceptance of contraceptive devices: The growing awareness and acceptance of contraceptive devices among both men and women in the US is a major driver of the market. There is a growing understanding of the importance of family planning and birth control, particularly among younger generations.
- Government initiatives and programs: The US government has launched several initiatives and programs aimed at promoting the use of contraceptive devices, particularly among low-income populations. These programs have helped to increase access to contraceptive devices and are driving demand in the market.
- Technological advancements: The development of new and innovative contraceptive devices is driving growth in the market. These devices are becoming more effective, convenient, and easier to use, which is increasing their popularity among women.
- Increasing prevalence of sexually transmitted infections (STIs): The increasing prevalence of STIs in the US is driving demand for barrier contraceptive devices, such as condoms, which can help to prevent the spread of STIs.
Market Restraints
- Religious and cultural opposition: Some religious and cultural groups in the US oppose the use of contraceptive devices, which can limit demand for these products in certain communities.
- Side effects and health risks: Some contraceptive devices can have side effects and health risks, which can discourage people from using them. For example, hormonal contraceptives can increase the risk of blood clots and stroke.
- Lack of insurance coverage: While many insurance plans cover the cost of contraceptive devices, some plans do not. This can limit access to these products for people who cannot afford to pay out of pocket
- Regulatory hurdles: The development and approval of contraceptive devices can be a lengthy and expensive process, which can limit the availability of new products in the market. Additionally, regulatory changes or challenges can impact the market and slow down growth.
Developments in US Contraceptive Devices Market
The US contraceptive devices market is a rapidly evolving market that is constantly seeing new developments and innovations. Some recent developments in the market include:
- Long-acting reversible contraceptives (LARCs): LARCs, such as intrauterine devices (IUDs) and contraceptive implants, are becoming increasingly popular among women in the US. These devices are highly effective, convenient, and can provide long-lasting contraception, which is appealing to many women.
- Non-hormonal contraceptive options: Non-hormonal contraceptive options, such as copper IUDs and condoms, are also growing in popularity. These options provide effective contraception without the use of hormones, which can be a selling point for some women.
- Telehealth and online services: Telehealth and online services are becoming increasingly popular in the US contraceptive devices market. Many women are now able to access birth control and other contraceptive devices through online services, which can be more convenient and accessible than traditional methods.
- Personalized contraceptive options: There is a growing trend towards personalized contraceptive options in the US. Women are increasingly seeking out contraceptive devices that are tailored to their individual needs and preferences.
- Male contraceptives: There is also growing interested in male contraceptives in the US. Several new male contraceptive options are currently in development, including hormonal and non-hormonal options.
Overall, the US contraceptive devices market is a dynamic and rapidly evolving market that is seeing a range of new developments and innovations. These developments are driven by changing consumer preferences, advances in technology, and increasing awareness of the importance of family planning and contraception.
Competitive Landscape
Key Players
Some of the key players in the US contraceptive devices market include:
- Bayer AG: Bayer is a German multinational pharmaceutical company that manufactures a range of contraceptive products, including oral contraceptives and IUDs.
- Merck & Co., Inc.: Merck is an American multinational pharmaceutical company that manufactures several contraceptive products, including the NuvaRing and Implanon.
- CooperSurgical, Inc.: CooperSurgical is an American company that specializes in women's health products, including contraceptive devices such as IUDs and diaphragms.
- Church & Dwight Co., Inc.: Church & Dwight is an American company that manufactures a range of personal care products, including condoms and emergency contraceptives.
- Reckitt Benckiser Group plc: Reckitt Benckiser is a British multinational consumer goods company that manufactures several contraceptive products, including condoms and emergency contraceptives.
- The Female Health Company: The Female Health Company is an American company that specializes in women's health products, including female condoms and contraceptive gels.
- Allergan plc: Allergan is an Irish multinational pharmaceutical company that manufactures a range of contraceptive products, including oral contraceptives and contraceptive patches.
- HLL Lifecare Limited: HLL Lifecare is an Indian government-owned company that manufactures a range of healthcare products, including contraceptive devices such as condoms and oral contraceptives.
These are some of the leading players in the US contraceptive devices market, but there are many other companies that also play a significant role in the market.
Healthcare Policies and Regulatory Landscape
The US Food and Drug Administration (FDA) is responsible for regulating the safety and effectiveness of medical devices, including contraceptive devices. The FDA classifies medical devices into three categories: Class I (low risk), Class II (moderate risk), and Class III (high risk). Contraceptive devices are typically classified as either Class II or Class III devices.
The FDA requires manufacturers of medical devices to submit premarket notification (510(k)) or premarket approval (PMA) applications before they can sell their products in the US. The 510(k) pathway is used for Class II devices, while the PMA pathway is used for Class III devices. These applications include data on the safety and effectiveness of the device.
In addition to FDA regulation, the Affordable Care Act (ACA) requires most health insurance plans to cover the full range of FDA-approved contraceptive methods without cost-sharing for the patient. This includes intrauterine devices (IUDs), hormonal implants, and emergency contraceptives.
However, there have been efforts by some policymakers to restrict access to certain types of contraceptive devices. For example, some states have attempted to restrict access to IUDs and other Long-acting Reversible Contraceptives (LARCs) based on ideological objections to their use.
Overall, the regulatory landscape for contraceptive devices in the US is complex and subject to political influence. However, the FDA's oversight of medical devices ensures that contraceptive devices undergo rigorous safety and efficacy testing before they are approved for use in the US.
1. Report Description of the US Contraceptive Devices Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. US Contraceptive Devices Market Executive Summary
2.1 US Contraceptive Devices Market – Industry Snapshot & key buying criteria, 2022-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of the US Contraceptive Devices Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. US Contraceptive Devices Market Segmentation
4.1 By Type
4.1.1 Condoms
4.1.2 Diaphragms
4.1.3 Cervical Caps
4.1.4 Sponges
4.1.5 Vaginal Rings
4.1.6 Intra-Uterine Devices (IUD)
4.1.7 Other Devices
4.2 By Gender
4.2.1 Male
4.2.2 Female
5. US Contraceptive Devices Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in the US
8.2 Regulatory Framework in the US
8.3 Pricing & Reimbursement Scenario in US Contraceptive Devices Market
9. Factors Driving Future Growth
9.1 New Trends and Development US Contraceptive Devices Market
9.2 Future Opportunities
10. Strategic Recommendations
Contraceptive Devices Market Segmentation
By Type (Revenue, USD Billion):
A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. With proper use, women whose partners use male condoms experience a 2% per-year pregnancy rate. Their use greatly decreases the risk of gonorrhea, chlamydia, trichomoniasis, hepatitis B, and HIV/AIDS, per the World Health Organization Updates in November 2020. To a lesser extent, they also protect against genital herpes, human papillomavirus (HPV), and syphilis. Hence, the other reasons that aid the growth of the contraception devices market are the rising occurrence of STDs and the substantial increase in the population
- Condoms
- Diaphragms
- Cervical Caps
- Sponges
- Vaginal Rings
- Intra Uterine Devices (IUD)
- Other Devices
By Gender (Revenue, USD Billion):
Based on Gender the contraceptive devices market is segmented into male and female.
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