Contraceptives – Definition and its origins
Contraceptives can be defined as device or drug that prevents the woman from becoming pregnant. Contraception involves preventing pregnancy by using various devices and methods such as birth control pills, condoms, Depo Provera, Diaphragm, IUDs, Norplan, Tubal sterilization, spermicidal, vasectomy as methods or techniques of birth control.
The earliest documented descriptions of birth control or contraception date back to 1550 BCE found in the form of Ebers Papyrus in Mesopotamia and Ancient Egypt mentioning the use of honey, acacia leaves and lint as a method of contraception. In Ancient Greece, people used plants containing contraceptive properties as a method of contraception during 7th century BCE.
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In modern times – during the 20th century saw the most advanced and revolutionary development of birth control in history with spermicidal and condoms widely available. However, the emergence of first birth control pills in the 1950s such as mestranol/noretynodrel due to the efforts of Gregory Pincus and John Rock in the United States of America has helped in the oral contraceptives market growth.
In 1960, the FDA approved the first birth control pill Enovid with more than one million women taking it. From then on, there have been new discoveries and drug formulations in the field of global contraceptives market that resulted in the enormous growth of oral contraceptives in the market.
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Global contraceptive market growth – An analysis
The global contraceptive market over the years has grown enormously with the oral contraceptives market worth estimated to be $21.5 billion in 2016 that is estimated to reach $29.60 billion by the end of 2021 with a CAGR of 6.6%. The market for contraceptives is predicted to grow rapidly due to an increasing awareness among the population about their reproductive health and choices available for contraception methods and techniques.
The contraceptive products are in the market for more than five decades and are being used by over one hundred million worldwide. These contraceptive products are playing a key role in family planning initiatives being undertaken by the respective government and Non-Government Organizations (NGOs) across the globe.
As of now, the trends being witnessed in the global contraceptive devices according to a reputed contraceptive market report is the development of products such as vaginal rings, non-surgical permanent contraception devices, sub-dermal contraceptive implants etc. The global prevalence of sexually transmitted diseases (STDs) and infections especially in developing economies are causing the governments and NGOs to promote contraceptive devices, drugs, and oral contraceptives in a big way.
Oral contraceptive market in United States – An overview
The oral contraceptives in the United States of America account for half of the global oral contraceptives market share due to an increasing awareness about various novel contraceptive methods coupled with increased sexually transmitted diseases and the growth of population of women aged 16 to 45 years in the United States. The US industry revenue was estimated at $5 billion in 2015 with a CAGR of 5.4% from 2016 to 2023.
The oral contraceptive market in the United States has a huge share in North American contraceptives market. Efforts are being made by organizations such as Over the Counter (OTC) OCs OTC Working Group aiming to improve access to contraception and in reducing disparities in reproductive health outcomes by making low cost Oral Contraceptive (OC) products available over the counter (OTC) in United States.
Market Segmentation of Global Contraceptive Market – Tabular View
The global contraceptive market is segmented into Type, Medical Devices, and End Users which is further subdivided into things as shown in a tabular format herein below-
|Medical Devices||Drug Types||End Users|
|Male Contraceptive Devices (Condoms)||Contraceptive Pills||Hospitals|
|Female Contraceptive Devices(Female Condoms, Intrauterine Devices, Hormonal IUDs, Copper IUDs, Contraceptive Sponges, Contraceptive Diaphragms, Sub dermal contraceptive implants, Contraceptive patches, Non-surgical permanent contraceptive devices||Topical contraceptives||Home Care|
|Contraceptive Inject able||Clinics|
|Others (Contraceptive gels, jellies, and creams)||Ambulatory Surgical Centers|
Table: 1 – Market Segmentation of Global Contraceptives Market
Based on the geographical presence, North America is the major shareholder accounting for 32% of the global contraceptives market followed by Europe, Asia-Pacific, Latin America, Middle East and Africa. The oral contraceptives market is set to create new growth records in the coming decades.