Market Size of Contraceptive Sponges Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.50 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Contraceptive Sponges Market Analysis
The global contraceptive sponge market is projected to grow ata CAGR of 2.5% during the forecast period (2019-2024).
- The market is mainly driven by the growing rate of unwanted pregnancies. Also, the favorable government regulatory bodies, such as Cervical Barrier Advancement Society (CBAS), Center for Young Women’s Health (CYWH), National Institutes of Health (NIH) aims to educate teenagers with the methods of cervical barrier methods to reduce the spread of STIs, including HIV and AIDS and prevent unwanted pregnancy, which therefore results into the market growth.
- The major challenge of the market is the inability of the contraceptive sponges to prevent sexually transmitted diseases such as HIV and AIDS and the presence of a large number of competing products such as condoms and pills which are more effective in prevention of pregnancy.
