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Global Vasectomy Market Size, Trends & Analysis - Forecasts to 2026 By Patients (Human, Animals), By Type (Conventional Vasectomy, No-Scalpel Vasectomy, Minimally Invasive Vasectomy), By End User (Hospitals and clinics, Research and Academics, Others), By Drugs (Anesthetics, Antibiotics, Pain Killers, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Vasectomy Market: Insights
The global vasectomy market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing hormonal disturbance and male-female equality, along with the low cost of surgical procedures are some of the significant factors driving the market growth during the forecast period. Vasectomy is a permanent procedure and sometimes due to low sperm count or sperm motility does not recover the male's fertility. Vasectomy is a simple surgical procedure that takes less than 30 minutes and involves no hospital stay. However, the lack of awareness, risk of bleeding, and issues of male supremacy are some of the factors likely to hamper the market growth during the forecast period.
Vasectomy Market: By Type
Based on type, the global vasectomy market is segmented into a conventional vasectomy, no-scalpel vasectomy, and minimally invasive vasectomy. The minimally-invasive vasectomy segment is projected to hold the largest market share in terms of revenue during the forecast period. Minimally invasive surgery does not allow the surgeon to sever the scrotum, and the operation can be completed in a short time. Increased government expenditure to improve research and development programs, as well as technological advancements are some of the factors driving the market growth. Furthermore, the no-scalpel segment is also estimated to hold a significant share in the global vasectomy market.
Vasectomy Market: By End User
Based on end-user, the global vasectomy market is segmented into hospitals and clinics, and research and academics, among others. The hospitals and clinics segment is estimated to hold the largest market share in terms of revenue during the forecast period. Hospitals in major cities around the world frequently draw significant number of patients to undergo vasectomies.
Vasectomy Market: By Drugs
Based on drugs, the global vasectomy market is segmented into anesthetics, antibiotics, and pain killers, among others. The anesthetics segment is estimated to hold the largest market share in terms of revenue during the forecast period. Anesthetics are used to numb the wound before the surgery. Accordingly, pain relievers and antibiotics may be administered to the patient for recovery after the surgery.
Vasectomy Market: By Patients
Based on patients, the global vasectomy market is segmented into humans and animals, among others. The human segment is estimated to hold the largest market share in terms of revenue during the forecast period. The number of vasectomies performed on humans is greater than on animals. Furthermore, it is expected that the number of vasectomies performed on animals such as cats and dogs will rise to manage the stray population, which also contributes to the spread of multiple infections.
Vasectomy Market: By Region
Based on region, the global vasectomy market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to hold the largest market share in the vasectomy market during the forecast period. Growing awareness regarding the importance of vasectomies in the region is expected to propel the market growth. The growing presence of highly developed healthcare systems, high prevalence of infectious and chronic diseases, and technological advancements are some of the factors expected to propel the demand during the forecast period. Asia-Pacific is expected to grow at a high CAGR during the forecast period. Growing healthcare spending in emerging countries including India, Japan, South Korea, China, and Singapore, among others coupled with technological advances in the medical industry is propelling the market growth in the region.
Vasectomy Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase vasectomy. The key end-users of the markets are Cleveland Clinic, Mayo Clinic, and Foothills Medical Centre, among others.
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
Some of the key players operating in the vasectomy market are Pfizer, Inc., Sanofi S.A. , Accurate Surgical & Scientific Instruments Corporation, Sklar Surgical Instruments, Novartis AG, Abbott Laboratories, and Advanced Meditech International, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Vasectomy Market Report
Vasectomy Market: By Patients
Vasectomy Market: By Type
Vasectomy Market: By End User
Vasectomy Market: By Drugs
Vasectomy Market: By Region
The global Vasectomy Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Vasectomy Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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