(PharmaNewsWire.Com, February 17, 2024 ) As per Maximize Market research, the Mexico Contraceptive Devices Market was USD 200 Million in 2023 and is expected to grow at a CAGR of 10.01 percent over the forecast period to reach USD 390 Million by 2030.
Mexico Contraceptive Devices Market Report Scope and Research Methodology
The report provides a strategic analysis of the Mexico Contraceptive Devices Market analysis from top key players including market share, size, major drivers, challenges, and opportunities. The report included primary and secondary research methodology, where industry experts were interviewed, and data were collected from various sources such as company websites, annual reports, and press releases.
The Mexico Contraceptive Devices Market is experiencing growth driven by a rising demand for discreet and long-acting methods like intrauterine devices and implants. These options address previous concerns, attracting new users and reshaping the product mix. The focus on research and development in this area has led to a larger market share compared to traditional methods, fostering competition and driving innovation for more user-friendly options.
In 2023, the Intra Uterine Devices (IUD) segment dominated the Mexico Contraceptive Devices Market with a 40% market share, projected to grow at a 4.9% CAGR. Its dominance is attributed to rapid technological advancements and the increasing adoption of smart devices with data connectivity and integration.
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