Canada Contraceptive Devices Market | 2022-27 |Share, Size & Growth
Overview of the Market
Over the forecast period, the Canada contraceptive devices market is expected to grow at a CAGR of roughly 7.88%. Rising public knowledge of contraception methods, investments by key firms in developing breakthrough devices, and favourable government actions to promote product access are the principal drivers driving expansion.
Furthermore, the rising frequency of sexually transmitted diseases and the growing demand for population control are driving regional market expansion. For example, according to the Institute for Health Metrics and Evaluation, 5.70 million Canadians were living with HIV/AIDS and sexually transmitted diseases in 2019. As a result, rising demand for contraceptive devices to minimise additional healthcare costs is expected to boost market growth.
Furthermore, government attempts to improve awareness about contraception and family planning have aided market growth. However, the negative effects of contraceptive devices have slowed the expansion of the researched market.
Scope Of the Report:
Contraceptive devices, according to the scope of the research, have been barriers that aim to prevent conception by physically blocking sperm from accessing the uterus. Contraception is also known as fertility control, and birth control is the method used to avoid conception. They include male and female condoms, cervical caps, diaphragms, and spermicide-infused contraceptive sponges. In the report, a detailed analysis of the Canada contraceptive devices market is provided. The market studied is evaluated by type and gender.
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