Global Vasectomy Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Vasectomy procedures have been increasing steadily as more individuals and couples choose this permanent form of birth control for family planning.

• Vasectomy is a simple and effective male sterilization surgical operation. It involves cutting off or blocking the vas deferens, which are the tubes that transport sperm from the testicles to the penis. This keeps sperm from reaching the sperm, so assuring contraception. It is a permanent method of birth control that has no effect on sexual function.
• Concerns about overpopulation and its impact on resources and healthcare are growing as the world population grows. Governments and organizations support family planning procedures such as vasectomy to address population growth. Initiatives and programs targeted at increasing sterilization boost awareness of the procedure's safety, effectiveness, and benefits, resulting in increased demand for vasectomy services.
• Due to their various advantages, such as faster recovery times, reduced pain, and a lower chance of problems, minimally invasive surgical methods are becoming increasingly popular in modern healthcare. As more people seek less invasive methods of birth control, the attraction of vasectomy as a safe and speedy operation has grown, bolstering its commercial demand.
• Increased investments in R&D efforts, together with technical improvements, represent the market opportunity. As companies and institutions invest more resources in improving vasectomy procedures, such as innovative surgical techniques, advanced medical devices, and improved post-operative care, the overall acceptance and widespread use of vasectomy as a reliable and efficient method of contraception is expected to increase, presenting a positive outlook for the vasectomy market.
• However, the risk connected with vasectomy operations limits the market. Although typically regarded as safe, consequences such as infection, bleeding, or chronic pain are possible. Fear of these risks could discourage some people from undergoing the operation, so restricting the market's potential growth.
• The market is hindered by a lack of understanding and a social taboo regarding vasectomy. Misconceptions and a lack of awareness about the procedure's benefits may stymie uptake. Furthermore, cultural stigmas and societal pressures against male sterilization can deter potential candidates, hence limiting market expansion.

Market Segmentations

• The Global Vasectomy Market is segmented based on Drug, Type, Patients, End Users, and Geography.
• By Drug, the Global Vasectomy Market is classified into Anesthetics, Antibiotics, and Painkillers.
• Painkillers hold a larger market share. Painkillers are commonly used to treat a variety of medical illnesses and ailments, ranging from minor to severe pain.
• By Type, the Global Vasectomy Market is classified into Conventional, Minimally Invasive, and No-Scalpel.
• Minimally invasive vasectomy holds a significant market share. When compared to conventional and no-scalpel techniques, they provide benefits such as quicker recovery times, less discomfort, and a lesser chance of problems.
• By Patients, the Global Vasectomy Market is classified into Animal and Human.
• Humans hold a larger market share. Vasectomy is a widely accepted and commonly utilized method of contraception in humans, whereas vasectomy in animals is mostly employed for population control in specific settings.
• By End-Users, the Global Vasectomy Market is classified into Hospital & Clinic and Ambulatory Surgical Centers.
• Hospitals & clinics hold a significant market share. Hospitals offer a wider range of medical treatments and are better able to perform various surgical procedures, such as vasectomy, attracting a larger patient base.
• By Geography, the Global Vasectomy Market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific.
• The Americas hold a larger market share. This is due to reasons such as increased understanding and acceptability of vasectomy as a form of contraception, well-established healthcare infrastructure, and government measures encouraging family planning and population control, all of which are boosting demand in the region.

Recent Development

• Signature Medical Completes Acquisition of SuperiorVAS Intellectual Property and Technology - December 2022
• Bristol Myers boosts cancer drug portfolio with $4.1 billion Turning Point deal - June 2022

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Vasectomy Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Vasectomy Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Vasectomy Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market