Growing family planning programspropels the Global Contraceptive Sponges Market

Market overview:
The global Contraceptive Sponges Market was worth USD 27.96 million in 2020, and it is estimated that it will reach USD 33 million by 2025 at a CAGR of 2.4% during the conjecture period.

Contraceptive sponges are made of made of polyurethane foam and are used to prevent pregnancy. They are an integral part of the female contraceptive market and occupy a small share of the market and help prevent sperm from entering the uterus. This sponge is placed inside the vagina to cover the cervix before intercourse. This contraceptive foam contains a chemical spermicide that prevents the movement of sperm. They absorb and inactivate sperm for up to 12 hours. They also work by preventing sperm from entering the uterus.

Market Drivers and Restrains:
The increasing importance of family planning is expected to drive the growth of the global Contraceptive Sponges market during the forecast period. The safety associated with contraceptive sponges compared to contraceptive pills is also the growth of the market. These sponges can be used for a long time without removing regardless of the number of sexual intercourses, and contraceptive sponge sales are expected to increase. A trend in the market is the rise of public health campaigns and social marketing programs. Marketing programs and public health campaigns advocating for contraceptive use and raising health awareness have increased in recent years.

These initiatives have reduced the risk of unwanted pregnancies. As the number of social media users grows around the world, vendors and marketers are investing in social media marketing to increase sales and maximize profits. Another factor that is expected to drive the growth of the Contraceptive Sponge market is that it is easy to use and does not interfere with sexual intercourse. Birth control pills can cause health-related complications, but birth control sponges are safe to use. They have also shown important results in preventing pregnancy.

Especially for women who have not administered it before, the high effect of the sponge is expected to drive the growth of the global contraceptive sponge market. Contraceptive sponges are readily available, over the counter (OTC) products, and available at pharmacies. E-commerce or online pharmacies are expected to grow as the fastest growing end-user segment as these distribution channels become more popular and accessible. The main challenge for the market is that contraceptive sponges cannot prevent sexually transmitted diseases like HIV and AIDS, and there are many competing products, such as condoms and pills, that are more effective in preventing pregnancy.

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Report is segmented as:
The global market for Contraceptive Sponges has been segmented into online retailers, pharmacies and others by distribution channel.

Geographical Segmentation:
North America is the largest market for contraceptive sponges and is expected to continue to dominate during the forecast period to increased corporate awareness and focus. The Asia-Pacific is also expected to see significant growth in the contraceptive sponge market as awareness of contraceptive side effects and the use of social media marketing increases. Europe is the second largest market for contraceptive sponges. Women in the region are increasingly using birth control pills to prevent pregnancy due to its carrier-related approach.

Key market players:
Some players in the global contraceptive spongesmarket are Sager Pharma Kft., Mayer Laboratories, Inc. and Pirri Pharma Canada, Inc.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
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