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The vaginal ring which is also called as V-ring are the devices (polymeric drug) that provide controlled release of medications for intra vaginal administration for a longer period of time. It is inserted in the vagina which gives contraception protection. The device comes in one size which fits most women. It is stated that hormones present in the rings had little risk of developing breast cancer. The ring products that are currently available include femring (for hot flashes relief), estring (for vaginal atrophy treatment). On leaving the ring for three weeks in the vagina, it releases the same hormones (estrogens) that are being used in the contraceptive (birth control) pills. Each ring gives one month of birth control by wearing continuously for three weeks with a week off. In case of continues contraception, users can wear the ring for full four week cycle. As they release estrogen, there is a risk of side effects that include heart attack, stroke and other effects. The vaginal ring can be easily inserted and removed as the walls of vagina hold them in place. The ring can be also removed prior to intercourse. The vaginal ring had a failure rate of 0.3% while prescribed and 9% when used frequently.

Vaginal ring market is classified on the basis product type, application, distribution channel and region. In term of product type vaginal ring market is segmented into estrogen vaginal ring, etonogestrel vaginal ring, progesterone vaginal ring, combined hormonal vaginal ring and others. Based on application vaginal ring market is segmented into contraception, menopause vasomotor symptoms, polycystic ovarian syndrome and others. Distribution channel for the vaginal ring market is retail pharmacies, hospital pharmacies, online pharmacies, clinics and others.

Geographically, the vaginal ring market can be classified into five regional markets such as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The emerging markets in Asia Pacific and Latin America are expected to register robust growth during the forecast period 2017 to 2025. This would majorly be attributed to increasing investments by the key players operating in these countries, growing health care industry, and the aging population leading to growth in the patient population in these countries. India, China and Brazil are expected to drive strong growth among the emerging countries, owing to the increasing investments by government bodies to enhance healthcare facilities.

Vaginal ring market is driven by rising prevalence of disease related to women’s health. According to the Society of Obstetricians & Gynecologists of Canada, around 80% women claim to suffer from at least one menopausal symptom including mood swings, irritability, interrupted sleep, hot flushes, and vaginal dryness. Moreover, According to National Women's Health Information Center (NWHIC) PCOS affects approximately 5%-10% of all the women of reproductive age or 30% of women worldwide. In U.S. the prevalence is around 1 in 40 or 2.5% or 6.8 million people in the year 2015. PCOS have been estimated to cost the USA healthcare system $4 billion annually. The community prevalence of PCOS using Rotterdam criteria was observed to be 6.3% in Sri Lanka, 2% in south China, 5% in Thailand, 8% in U.K. and 6.5% in Greece and Spain. Other key growth drivers include rapidly increasing population of geriatric women leads to high number of women with menopause symptoms, increasing awareness about family planning among the female population. The market is also witnessing restraints, in its path such as development of alternative method of treatment and risk of breast cancer with HRT treatment.

Key companies operating in the global vaginal ring market are Merck & Co., Inc., Pfizer Inc., Novo Nordisk Ltd, Johnson & Johnson, Allergan plc, and QPharma AB.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Vaginal Ring Market

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