Belgium's Contraceptive Devices Market is expected to witness growth from $28 Mn in 2022 to $53 Mn in 2030 with a CAGR of 8.00% for the forecasted year 2022-30. The population of Belgium is increasing, and the proportion of urban dwellers is rising. Due to the increased accessibility of healthcare and family planning services for residents in metropolitan areas, there is an increase in the need for contraceptives. The change in sexual behavior brought about by Belgium's modern lifestyle is driving the demand for contraceptives. The market is segmented by type and by gender. Some key players in this market include Merck Sharp & Dohme, Organon Heist, Mylan Laboratories, Mankind Pharma, CooperSurgical, Pfizer, and Teva Pharmaceutical.
Belgium's Contraceptive Devices Market size is at around $28 Mn in 2022 and is projected to reach $53 Mn in 2030, exhibiting a CAGR of 8.00% during the forecast period. In Belgium, the administration and upkeep of the public healthcare system will receive 0.8% of GDP in 2022. Overall health spending in Belgium as a percentage of GDP increased from 11.28% in 2018 to 13.2% in 2023. The overall spending is higher than the EU average. Over the past ten years, public spending has been continuously increasing and has typically kept up with levels in the European Union. (EU).
In Belgium, there were 62 maternal deaths per 100,000 live births in 2022. The prevalence of sexually transmitted infections is high in Belgium. In 2022, Belgium had an incidence rate of 625 chlamydia infections per 100,000 people, 328 gonorrhea cases per 100,000 people, and 3.8 syphilis cases per 100,000 people. Young persons between the ages of 17 to 29 were found to have the highest incidence of STIs. A contraceptive method is an essential tool for family planning and reproductive health. In Belgium, a sizable portion of the population uses contraceptive techniques that are readily available and accessible. Couples can plan their family size and spacing while avoiding unplanned pregnancies by using contraceptive techniques. This could be advantageous for a family's social and financial stability as well as the mother's and child's health. Since they can reduce the need for more expensive medical procedures like pregnancy and abortion, contraceptive methods can ultimately save money.
Market Growth Drivers
The population of Belgium is increasing, and the proportion of urban dwellers is rising. Due to the increased accessibility of healthcare and family planning services for residents in metropolitan areas, there is an increase in the need for contraceptives. The change in sexual behaviour brought about by Belgium's modern lifestyle is driving the demand for contraceptives. People are postponing marriage and beginning babies, for instance, which results in extended periods of contraception use. Manufacturers are always coming out with novel contraceptive methods that are both more efficient and simpler to use. For instance, more recent contraceptives have become more popular because of their high degree of efficacy and ease, such as hormone patches, intrauterine devices (IUDs), and implants.
Market Restraints
In Belgium, some contraceptive methods could have negative side effects or health hazards, which might reduce their appeal to some users. This is especially true for hormonal contraceptives, which can result in negative side effects like headaches, weight gain, and altered moods. Access to healthcare services, particularly family planning services, may be restricted in some areas of Belgium. This may restrict some populations' access to the availability of contraception. There may still be a dearth of knowledge and education about the advantages of utilising contraceptives despite the increased trend towards family planning and contraception. This may reduce consumer demand for certain goods and make it challenging for producers to find new clients.
Key Players
The Medical Devices Regulation (MDR), which outlines the standards for the safety, effectiveness, and quality of medical devices, including contraceptives, governs the regulatory environment for contraceptive devices in Belgium. Additionally, the nation's medical equipment, including contraceptive devices, is governed by the Belgian Federal Agency for Medicines and Health Products (FAMHP). The Belgian government has made many actions to support family planning and contraception in terms of healthcare policies. Contraceptives, for instance, are subsidised by the government, making them more accessible and inexpensive to a greater population. In order to raise public understanding of the advantages of family planning and contraception, the government also sponsors educational initiatives.
1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. With proper use, women whose partners use male condoms experience a 2% per-year pregnancy rate. Their use greatly decreases the risk of gonorrhea, chlamydia, trichomoniasis, hepatitis B, and HIV/AIDS, per the World Health Organization Updates in November 2020. To a lesser extent, they also protect against genital herpes, human papillomavirus (HPV), and syphilis. Hence, the other reasons that aid the growth of the contraception devices market are the rising occurrence of STDs and the substantial increase in the population
By Gender (Revenue, USD Billion):
Based on Gender the contraceptive devices market is segmented into male and female.
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