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Africa Contraceptives Market Size & Share 2021-2028 | Growth Market Reports

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Sheryl Dias
Africa Contraceptives Market Size & Share 2021-2028 | Growth Market Reports

The Africa contraceptives market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing incidences of sexually transmitted diseases, rising government initiatives, and growing rates of unwanted pregnancies. Rising awareness regarding modern contraception and usage of oral pills is estimated to drive the market.

 

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Contraception is the method to prevent unwanted pregnancy with the use of devices and drugs. It is also known as fertility control and birth control. It is used in the contraception interfere in the normal process of sperm & ovum fertilization to prevent pregnancy. It prevents from pregnancy under the process of implantation, ovulation, and fertilization with the help of barriers, surgical techniques, drugs, and medical devices.

 

The devices are available in various shapes including triangle, coil, loop, and T-shaped that are of metal or plastic materials. There are various types of contraceptives available which acts as a different point under the process from implantation through ovulation to fertilization. This method has its own risk and side effects. The contraceptive devices are majorly used in the hospitals and homecare. Covid-19 has impacted the contraceptives market as during lockdown going to physicians unnecessarily without emergency was limited.

 

Market Trends, Drivers, Restraints, and Opportunities

  • Rising development of female contraceptives drugs and devices is estimated to fuel the market growth in the coming years.
  • Growing awareness among population is major factors spurring the market expansion during the forecast period.
  • Side effects due to consumption of contraceptives acts as main challenge that can hinder the market growth.
  • Availability of alternative contraceptives methods is anticipated to impede the market expansion in the coming years.
  • R&D investment and technological advancement in contraceptives market is expected to offer significant opportunities for the market players.

 

Market Segment Insights:

 

Oral contraceptives segment is projected to account for a large market share

Based on products, the Africa contraceptives market is divided into drugs and devices. The drugs segment is further segregated into tropical contraceptives, oral contraceptives, and contraceptive injectable. The devices segment is further classified as diaphragms, sponges, IUD, condoms, cervical caps, vaginal rings, and others.

 

Male segment is projected to hold a key market share

On the basis of gender, the market is segmented into female and male. The male segment is expected to represent a key share of the market in the coming years due to rising number of commercialization of male birth control devices. On the other hand, the female segment is anticipated to expand at a rapid pace during the forecast period owing to rising rates of unwanted pregnancies. The government is taking initiatives to decrease the rate of unwanted pregnancies is expected to boost the market.

 

Competitive Landscape

Key players competing in the Africa contraceptives market include Bayer AG; Pfizer Inc.; Allergan PLC; Merk & Co. Inc.; Teva Pharmaceuticals Industries Ltd.; SMB Corporation; Mayer Laboratories, Inc.; Okamoto Industries, Inc.; and Apothecus Pharmaceutical Corporation. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

 

About Growth Market Reports:

GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

 

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