(PharmaNewsWire.Com, February 15, 2024 ) As per Maximize Market research, the US Contraceptive Devices Market was USD 5.9 Billion in 2023 and is expected to grow at a CAGR of 6.21 percent over the forecast period to reach USD 8.9 Billion by 2030.
US Contraceptive Devices Market Report Scope and Research Methodology
The report provides a strategic analysis of the US 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 gathered from various sources such as company websites, annual reports, and press releases. For the industrial analysis PESTLE, a SWOT analysis was used for the global US Contraceptive Devices Market.
The heightened awareness of family planning and sexual health significantly shapes the US Contraceptive Devices market. Positive impacts involve increased demand for contraceptives, emphasizing effective methods like Long-Acting Reversible Contraceptives (LARCs). Personalized care and open discussions lead to tailored contraceptive recommendations, potentially reducing unintended pregnancies and related healthcare costs.
US Contraceptive Devices Market Segment Analysis
The Condoms segment secured the leading market share of approximately 45% in the 2023 US Contraceptive Devices Market, with projections of a 3.2% CAGR. Its dominance is attributed to rapid technological advancements and the increasing adoption of smart devices with data connectivity and integration, reinforcing its position as a key player in the market.
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