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· Condoms, both for male
& female is the widely used method for birth control. Male condoms are usually made up of
polyurethane or latex. While preventing the sperm from entering the woman's
uterus, condoms also reduce the risk of spreading sexually transmitted
diseases.
· Usage of vaginal rings is also
considered as one of the safest
Singapore contraceptive methods. The ring is two inches in diameter and is thin &
flexible so that it can be inserted into the vagina effortlessly. One vaginal ring is inserted for three weeks and is
removed in the fourth week. Seven days later, a new vaginal ring is reinserted.
· Diaphragms, on the other hand, is a shallow cup
that can be inserted into the vagina before intercourse. It is made up of soft
silicon that can be bended in half. It must be removed within 24 hours.
· Contraceptives sponges can also be inserted into the vagina. It contains spermicide which kills sperm after
the intercourse.
The North America is currently
holding the highest market share, while the LAMEA region is expected to grow at
the fastest pace. The growth of the market is driven by numerous factors such
as increase in focus towards the need of family
planning, rise in participation of reproductive women in labor force, surge in
awareness regarding modern contraceptive products, health issues associated
with teenage pregnancies, increase in adoption of contraceptives products, and
a significant rise in disposable income of population in emerging economies.
With this drift on
board, several key market players are adopting strategies such as new product
launch, collaborations, partnerships, and acquisitions in order to stay
competitive in the market. Recently, Cooper in acquisition with a private
company of medical devices innovated a product which can be used in reduction
of risks associated with childbirth. Such developments, in turn, are augmenting
the growth of the market even more.
However, the
outbreak of the COVID-19 pandemic led to have a negative impact on the growth
of the Singapore contraceptives market, owing to
implementation of global lockdown. The pandemic forced to close the production
facilities of the contraceptives industry across the world, especially
during the initial period. This in turn, directly impacted the revenue flow of
the global contraceptives market. Also, social distancing norms, disruptions in
the supply chain, lack of raw materials, and unavailability of labor force
created few more challenges for the manufacturers. Nevertheless, the market has
already started to recover steadily and is expected to get back on track soon.
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