Latin America Contraceptives Market is estimated to reach $3.54 billion by the end of 2017-2021
The Latin America Contraceptives Market was worth $ 2.58 billion in 2016 and estimated to reach $3.54 billion by the end of 2021 with a growing potential of 6.55 %. Latin America contraceptives market is projected to grow at a rapid rate owing to the presence of large untapped opportunities, economic development, constantly improving healthcare infrastructure and rising patient awareness.
Contraception is the prevention of pregnancy by interfering with the process of ovulation, implantation, and fertilization through the use of drugs, barriers, medical devices, surgical techniques. They are the drugs which will inhibit sexually transmitted diseases.
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The factors influencing the growth of the Latin America market are growing development of effective female contraceptive devices and drugs, advancement in technologies, increasing initiatives from government and NGO to promote contraceptives. Side effects associated with the use of contraceptive devices and drugs, rising prevalence of infertility are the restraints that are hampering the growth of the market.
Based on drug type the market is segmented into Contraceptive pills, Topical contraceptives, and Contraceptive injectable, others (contraceptive gels, jellies, and creams).
- By Drug type
- By Medical Devices
Based on medical devices the market is segmented into Male contraceptive devices (Condoms), Female contraceptive devices. Female contraceptive devices are further classified into female condoms, intrauterine devices (Hormonal IUD’s, Copper IUD’s), contraceptive sponges, contraceptive diaphragms, contraceptive patches, subdermal contraceptive implants and non-surgical permanent contraceptive devices.
Based on end users the market is segmented into Hospitals, Homecare, Clinics and Ambulatory Surgical Centres.The Latin America contraceptive devices market is analyzed under various regions namely Mexico, Brazil, and Argentina.
Major players influencing the Latin America contraceptives market are Bayer HealthCare AG, Teva Pharmaceutical Industries Limited, Medisafe Distribution Inc, Pace Pharmaceuticals Inc., Medicines360, Church & Dwight, Co., Inc., Actavis, Inc., CooperSurgical, Inc., Merck & Co., Inc., Reckitt Benckiser plc, Mayer Laboratories, Inc., and Pfizer, Inc.
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