Mexico Contraceptive Devices Market Report 2022 to 2030

Mexico Contraceptive Devices Market Analysis

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Mexico's Contraceptive Devices Market is expected to witness growth from $194 Mn in 2022 to $365 Mn in 2030 with a CAGR of 8.25% for the forecasted year 2022-30. In Mexico, the necessity for efficient family planning and the country's expanding population are driving up the need for contraceptive devices. The market is segmented by type and by gender. Some key players in this market include Laboratorios Grin, Probiomed, Industria Farmacéutica Andrómaco, Mylan Laboratories, Mankind Pharma, CooperSurgical, Pfizer, and Teva Pharmaceutical.

ID: IN10MXMD005 CATEGORY: Medical Devices GEOGRAPHY: Mexico AUTHOR: Jigyasu Bhandari

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Mexico Contraceptive Devices Healthcare Market Executive Analysis

Mexico's Contraceptive Devices Market is expected to witness growth from $194 Mn in 2022 to $365 Mn in 2030 with a CAGR of 8.25% for the forecasted year 2022-30. Mexico experienced a large increase in health spending from 5.4% in 2019 to 6.64% in 2023, compared to a regional gain of 0.9% on average for the Organisation for Economic Cooperation and Development. In 2020, 6.2% of Mexico's GDP -- its total economic output -- went to the medical sector. The amount has dropped from 55% to 45%, yet the typical Mexican still needs to pay these expenses out of pocket.

In Mexico, there were 38 maternal deaths for every 100,000 live births in 2021. Compared to the average for the Americas region, which is 29 fatalities per 100,000 live births, this rate is greater. Sexually transmitted infections grew by 233,000 new cases in Mexico in 2022. Chlamydia, gonorrhoea, and the human papillomavirus are the most prevalent STIs in Mexico. Teenagers between the ages of 15 and 29 had the highest STI prevalence rates. In Mexico, many people use contraceptive methods to avoid unexpected pregnancies. Improved reproductive health, enhanced fertility control, and a lower chance of STDs are just a few advantages that these devices provide. In Mexico, condoms are a widely used method of birth control because they are convenient and affordable. They are also successful at stopping the spread of STIs. In pharmacies and convenience stores across the nation, condoms are easily accessible. In Mexico, many women use birth control tablets as their preferred method of birth control. They contain hormones that thicken cervical mucus and stop ovulation, making it challenging for sperm to reach the egg. Doctors and clinics can prescribe birth control medications to patients.

Mexico Contraceptive Devices Market Analysis

Market Dynamics

Market Growth Drivers

In Mexico, the necessity for efficient family planning and the country's expanding population is driving up the need for contraceptive devices. The demand for these items is probably going to increase as more women become aware of the advantages of contraception. The importance of reproductive health is becoming more widely recognised in Mexico, which is raising the demand for contraceptive methods. Women are becoming increasingly aware of the advantages of using contraception for preventing unwanted pregnancies, lowering the risk of STIs, and enhancing their general health and well-being. New and more effective contraceptive methods have been created as a result of technological breakthroughs. The market is projected to see increased demand for these items as a result of manufacturers' investments in R&D to produce goods that are more user-friendly, efficient, and affordable.

Market Restraints

In Mexico, some women might not have the requisite training or knowledge about the various forms of contraceptive devices and their efficacy. This might lead to less demand for these products and a preference for conventional forms of contraception. Contraceptives are subsidised by the Mexican government, but some people may still be unable to afford them, especially those who are uninsured or live in poverty. Certain contraceptive methods could be linked to safety issues, which could reduce consumer demand for these goods. For instance, some females might worry about the possible negative effects of hormonal contraceptives.

Competitive Landscape

Key Players

Laboratorios Grin (MEX)
Probiomed (MEX)
Industria Farmacéutica Andrómaco (MEX)
Mylan Laboratories
Church & Dwight
CooperSurgical
Pfizer
Teva Pharmaceutical

Healthcare Policies and Regulatory Landscape

The Federal Commission for Protection against Sanitary Risk (COFEPRIS) and the Ministry of Health are just two of the organisations that oversee Mexico's extensive healthcare system. There are various policies in place to guarantee that these products are secure and efficient, and the regulatory environment for contraceptive devices in Mexico is rather well-established. The Mexican Official Norm (NOM) for Family Planning, which lays out regulations for the use of contraceptive methods in Mexico, is one of the most important laws governing contraceptive devices in that country. Long-acting reversible contraceptives (LARC), hormonal methods, and barrier techniques are just a few of the forms of contraceptives covered by this norm, which also contain recommendations for their distribution and use.

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

Contraceptive Devices Market Segmentation

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

Condoms
Diaphragms
Cervical Caps
Sponges
Vaginal Rings
Intra Uterine Devices (IUD)
Other Devices

By Gender (Revenue, USD Billion):

Based on Gender the contraceptive devices market is segmented into male and female.

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.