(PharmaNewsWire.Com, February 01, 2017 ) According to the report Asia Pacific Contraceptives Market, published by Market Data Forecast, the market is projected to reach USD 6.62 Billion by 2021, at a CAGR of 6.95 % from 2016 to 2021.
Contraception market is all about the prevention of pregnancy by constraining with process of fertilization, implantation and ovulation through the use of drugs, barriers, medical devices, surgical techniques. They are the drugs which will also inhibit sexually transmitted diseases (STDs).
Growing advancement of effective female contraceptive devices and drugs, technological developments, inclining initiatives from government and NGO to promote contraceptives are the major factors which are driving for the growth of the Contraceptives Market. The key restraints for the growth of the market are the side effects ascertained with the use of contraceptive devices and drugs, increasing prevalence of infertility.
Key players that are dominating the 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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