Market Size of Mexico Contraceptive Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Contraceptive Devices Market Analysis
In Mexico, there is an increasing number of unwanted pregnancies and that has been a primary factor for the growth of the contraceptive devices market in the country. Moreover, there are also increasing initiatives by governments to raise awareness regarding contraceptives use and family planning that has also helped the growth of the market.
However, the side effects of contraceptive devices have been restraining the market's growth.
Mexico Contraceptive Devices Industry Segmentation
As per the scope of the report, contraceptives devices are barriers that attempt to prevent pregnancy by physically preventing sperm from entering the uterus. Contraception is more commonly known as fertility and birth control and is described as the method used to avoid pregnancy. They include male condoms, female condoms, cervical caps, diaphragms, and contraceptive sponges with spermicide.
| By Type | |
| Condoms | |
| Diaphragms | |
| Cervical Caps | |
| Sponges | |
| Vaginal Rings | |
| Intra Uterine Devices (IUD) | |
| Implants |
| By Gender | |
| Male | |
| Female |
Mexico Contraceptive Devices Market Size Summary
The contraceptive devices market in Mexico is experiencing growth driven by an increasing number of unwanted pregnancies and heightened government initiatives to promote awareness about contraceptive use and family planning. Despite the positive impact of these initiatives, the market faces challenges due to the side effects associated with contraceptive devices. The demand for male contraceptives, particularly condoms, has risen as they effectively reduce the likelihood of pregnancy and the transmission of sexually transmitted infections (STIs). Although the prevalence of STIs remains low, it is on the rise, further fueling the demand for such contraceptive methods.
The Mexican contraceptive devices market has become more attractive due to advancements in healthcare and increased government spending in the sector. This has encouraged the entry of numerous global players into the market, with major companies like Bayer AG, Cooper Surgical Inc., Allergan PLC, Pregna International Limited, and Reckitt Benckiser Group PLC leading the manufacturing of contraceptive devices. As a result, the market is poised for continued growth in the coming years, supported by both local and international investments.
Mexico Contraceptive Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Awareness about Sexually Transmitted Diseases (STDs)
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1.2.2 Rising Rate of Unintended Pregnancies
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1.2.3 Rise in the Government Initiatives
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1.3 Market Restraints
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1.3.1 Side Effects Associated with the Use of Contraceptive Devices
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Condoms
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2.1.2 Diaphragms
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2.1.3 Cervical Caps
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2.1.4 Sponges
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2.1.5 Vaginal Rings
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2.1.6 Intra Uterine Devices (IUD)
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2.1.7 Implants
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2.2 By Gender
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2.2.1 Male
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2.2.2 Female
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Mexico Contraceptive Devices Market Size FAQs
What is the current Mexico Contraceptive Devices Market size?
The Mexico Contraceptive Devices Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Mexico Contraceptive Devices Market?
Bayer AG, Cooper Surgical Inc. , Allergan PLC, Pregna International Limited and Reckitt Benckiser Group PLC are the major companies operating in the Mexico Contraceptive Devices Market.
