US Contraceptive Devices Market Analysis

US Contraceptive Devices Market Analysis


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US's 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.

ID: IN10USMD005 CATEGORY: Medical Devices GEOGRAPHY: US AUTHOR: Shivam Zalke

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US Contraceptive Devices Market Executive Summary

According to forecasts, the US market for contraceptive devices would increase from $5.4 billion in 2022 to $8.6 billion in 2030, exhibiting a 6% CAGR throughout that time.

The market for contraceptive devices in the US is expanding and dynamic, offering a variety of contraceptive solutions. Male and female users of contraceptive methods may employ a variety of hormonal, barrier, and intrauterine contraceptive methods, among others (IUDs).

In general, the US market for contraceptive devices is expanding and dynamic, and it is predicted that this growth will continue in the years to come. The market is characterized by rising STI prevalence, government efforts and programs, growing knowledge of and adoption of contraceptive methods, and technical improvements.

US contraceptive devices market analysis

Market Dynamics

Market Growth Drivers

  1. Growing knowledge and acceptability of contraceptive methods: One of the main factors driving the market in the US is the rising awareness and acceptance of contraceptive methods among both men and women. Younger generations in particular are becoming more aware of the significance of birth control and family planning.
  2. Government projects and initiatives: The US government has started a number of projects and programs to encourage the use of contraceptives, especially among low-income groups. These initiatives have improved access to contraceptive methods and are boosting consumer demand.
  3. Technological progress The creation of novel and cutting-edge contraceptive methods is propelling industry expansion. These gadgets are growing increasingly popular among women as they becoming more useful, practical, and simple to use.
  4. The frequency of sexually transmitted infections (STIs) is rising: The demand for barrier contraceptive methods like condoms, which may aid in STI prevention, is growing as STI incidence rises in the US.

Competitive Landscape

Key Players

  • Bayer AG
  • Merck & Co., Inc.
  • CooperSurgical, Inc.
  • Church & Dwight Co., Inc.
  • Reckitt Benckiser Group plc
  • The Female Health Company
  • Allergan plc
  • HLL Lifecare Limited

These are some of the leading players in the US contraceptive devices market, but many other companies also play a significant role in the market.

Healthcare Policies and Regulatory Landscape

The safety and efficacy of medical devices, including contraceptive devices, are governed by the US Food and Drug Administration (FDA). Medical devices fall into one of three categories according to the FDA:

  • Class I (low risk)
  • Class II (moderate risk), and
  • Class III (high risk)

Usually, contraceptive methods fall within the Class II or Class III categories.

Before their goods may be sold in the US, medical device makers must file premarket notice (510(k)) or premarket approval (PMA) applications to the FDA. For Class II devices, the 510(k) route is utilized, but for Class III devices, the PMA pathway is used. Information about the device's efficacy and safety is included in these applications.

In addition to FDA regulation, the Affordable Care Act (ACA) mandates that the majority of health insurance plans cover the complete array of contraceptive methods that have been authorized by the FDA without the patient having to pay a copayment. This covers emergency contraception, hormonal implants, and Intrauterine Devices (IUDs).

Some authorities have attempted to limit access to certain contraceptive methods, however. For instance, based on ideological opposition to its usage, certain nations have tried to impede access to IUDs and other Long-acting Reversible Contraceptives (LARCs).

Generally, the US regulatory environment for contraceptive devices is complicated and influenced by politics. Contraceptive devices, however, go through extensive safety and effectiveness testing before they are licensed for use in the US thanks to the FDA's monitoring of medical devices.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

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.

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 20 February 2024
Updated by: Ritu Baliya

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