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.
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 Growth Drivers
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:
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.
Some of the key players in the US contraceptive devices market include:
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.
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
4.1.3 Cervical Caps
4.1.5 Vaginal Rings
4.1.6 Intra-Uterine Devices (IUD)
4.1.7 Other Devices
4.2 By Gender
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
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
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
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
By Gender (Revenue, USD Billion):
Based on Gender the contraceptive devices market is segmented into male and female.
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