Global Vasectomy Market Insights
The global vasectomy market is estimated to grow at a high CAGR during the forecast period. Vasectomy is a male sterilization or permanent contraception surgery. Growing concerns about population control is one of the major drivers for growth of global vasectomy market. Side effects of female contraception such as risk of cancer, osteoporosis and hormonal disturbances are some factors further expected to boost the demand for vasectomies across the world. Risk associated with vasectomy surgeries and reluctance of men to get vasectomies is among the major factors expected to restrain market growth.
Vasectomy Market: Type Insights
On the basis of type, the global vasectomy market can be classified into conventional, no-scalpel, and minimally invasive vasectomy among others. The minimally-invasive vasectomy segment is projected to hold the largest market share in terms of revenue during the forecast period. Minimally invasive surgeries do not require the surgeon to make any cuts in the scrotum, and the surgery can be done within a short time. The patient can get done with the surgery and go straight home without experiencing any inconvenience. Increased investments to boost the research and development activities along with technological advancement are some of the major factors further expected to propel market growth in the segment. The no-scalpel segment is also estimated to hold a significant share in the global vasectomy market.
Vasectomy Market: Drug Insights
Based on drug, the global vasectomy market can be segmented into painkillers, anesthetics, and antibiotics among others. The anesthetics segment is estimated to hold the larger market share in terms of revenue during the forecast period. Anesthetics are used to numb the area before the surgery is performed. Accordingly, painkillers and antibiotics may be administered to the patient after the surgery for their recovery.
Vasectomy Market: Patient Insights
Based on patient, the global vasectomy market can be segmented into animals and humans. The number of vasectomies performed on humans is higher than those performed on animals. The segmental revenue is further projected to grow during the forecast period due to growing demand for vasectomies and increased awareness about population control across the world. The number of vasectomies performed on animals such as cats and dogs is also expected to grow in order to control population of strays, which often leads to spread of numerous infections.
Vasectomy Market: End User Insights
Based on end user, the global vasectomy market can be segmented into hospitals and clinics among others. The hospitals segment is estimated to hold the largest market share in terms of revenue during the forecast period. Vasectomies need to be performed by experienced professionals who perform at least 50 vasectomies every year. Hospitals in metropolitan cities across the world attract a huge number of patients for vasectomies regularly. People living in developed areas also have a better knowledge and understanding of the benefits of vasectomies. These factors are expected to further propel demand for the vasectomies in hospitals during the forecast period.
Vasectomy Market: Regional Insights
North America is estimated to dominate the vasectomy market during the forecast period. The market is majorly driven by increased awareness regarding the importance of vasectomies. The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Importance of growing population in countries like India and China coupled with initiatives taken by the Government to encourage population control is estimated to propel the demand for vasectomies during the forecast period.
Vasectomy Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Vasectomy Market Share & Competitor Analysis
Major players in the Vasectomy Market are Pfizer, Inc., Abbott, GlaxoSmithKline plc, Sanofi S.A., Novartis AG, Bayer AG, Bristol Myers Squibb Company, Eli Lilly and Company, Inc., Accurate Surgical & Scientific Instruments Corporation, and Sklar Surgical Instruments among others.
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