In Mexico, there is an increasing number of unwanted pregnancies and that has been a primary factor for the growth of the contraceptive devices market in the country. Moreover, there are also increasing initiatives by governments to raise awareness regarding contraceptives use and family planning that has also helped the growth of the market.
However, the side effects of contraceptive devices have been restraining the market's growth.
Key Market Trends
Condoms are Expected to Dominate the Mexico Contraceptive Devices Market
A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STIs). With its proper use, women whose partners use male condoms has experienced a 2% per-year pregnancy rate. Their use also greatly decreases the risk of gonorrhoea, chlamydia, trichomoniasis, hepatitis B, and HIV/AIDS. They also to a lesser extent protect against genital herpes, human papillomavirus (HPV), and syphilis.
Thus the prevalence of STIs, though low, but is still is increasing in Mexico. Hence, the demand for male contraceptives like condoms has increased over the years in Mexico. This has helped the market to grow.
The progress in healthcare is due to increased healthcare spending by the Mexican government. As a result, the market has become more lucrative in recent years and is hence expected to grow in the future. The majority of the contraceptive devices are being manufactured by the global key players. This has resulted in many global players in the contraceptive devices market to enter Mexico.
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