Contraceptives Market - By Product (Drugs {Oral Contraceptive Pills, Injectable Contraceptives, Topical Contraceptives}, Devices {Condoms, Diaphragms, Contraceptive Sponges, Vaginal Rings, Subdermal Implants, Intra-uterine Devices}) & Forecast, 2021-2027

Industry Overview

Contraceptives Market size is anticipated to register a significant CAGR of over 8.2% through 2027. The rising awareness pertaining to sexual health is expected to increase the demand and adoption of birth control methods. Similarly, favourable government initiatives and reimbursement scenarios is augmenting the global market growth.
 

To get more details on this report: Request Free Sample PDF
 

The upsurge in the use of contraception has reduced the risk of sexually transmitted infections and enhanced health-related outcomes comprising maternal & infant mortality. Moreover, an upsurge in the number of gynecologists preferring these contraception devices for the purpose of birth control is poised to spur the industry expansion in the coming years. Rise in awareness of modern contraceptives, increasing use of safe & effective oral pills, and health complications related to teenage pregnancies further stimulate the contraceptives market forecasts.
 

However, the adverse effects of contraceptives drugs are a major concern that may hamper the market progression. The contraceptives oral pills may result in stomach upset, bloating, dizziness, or headache. As per the U.S. National Library of Medicine studies, cigarette smoking surges the risk of severe adverse effects from these medications such as strokes, blood clots, heart attacks, etc. This risk is higher for women aged 35 and above.
 

Furthermore, injectable contraceptives have been related to adverse effects including abdominal bloating, weight gain, depression, and alopecia among others. Thus, due to the significant risk linked to the use of contraception drugs, the U.S. FDA regulates the authorization and use of these drugs. The approval requires to submit reasonable assurance regarding the safety and efficacy of the drug. Growing infertility prevalence might hamper the industry demand during the forecast timeframe.
 

The recent outbreak of COVID-19 has significantly impacted the contraceptives market value. The outbreak inflicted a substantial disease burden along with financial adversities that have impacted the economy. However, the advent of novel innovations and technologies during the outbreak become the routine standard of care comprising the use of telemedicine and telehealth in contraception initiation and continuation. Several telehealth modalities enable patients to connect using technology to deliver health care. The implementation of digital health technologies to enhance data for decision-making, evidence-based interventions for consideration in family planning, and reduce contraceptives stockouts has sustained the industry progression. Supporting mobile outreach services to deliver a broad range of contraception products in areas with poor access to healthcare providers has boosted the industry value.
 

Rising prevalence of sexually transmitted diseases (STD) coupled with favourable initiatives to propel the overall contraceptives market statistics

Increase in the prevalence of sexually transmitted diseases (STD) across the globe is predicted to promote the market demand. Several research studies have been investigated contraception comprising pills, patches, rings, etc. are very effective in preventing STDs. Furthermore, the WHO is actively operating to enhance and integrate contraceptives services and sexually transmitted infections prevention to reduce the prevalence of these ailments. Several government and non-government organizations are emphasizing on investments to improve awareness and focus on sexual health.
 

Growing usage of contraceptive drugs will accelerate the market demand

To get more details on this report: Request Free Sample PDF
 

Contraceptives market from drugs segment surpassed USD 5.8 billion in 2020 led by the several advantages delivered by these drugs in controlling the birth rate, preventing pregnancy, and reducing the risk of sexually transmitted infections, etc. As per the WHO report, around 10 million unintended pregnancies among adolescent girls aged 15–19 years occur every year in developing countries. This surging rate of unintended pregnancies is contributing to a rapid increase in demand for contraception drugs to control pregnancies, thereby fostering the industry demand.
 

High acceptance of technologically advanced products in North America will impel the regional market share

To get more details on this report: Request Free Sample PDF
 

U.S. dominated the North America contraceptives market and held 93% of the revenue share in 2020 on account of the favourable government initiatives, the increasing prevalence of sexual transmitted diseases, high rate of unintended pregnancies, etc. The U.S. government has initiated several awareness programs pertaining to contraception and family planning that have s fuelled the revenue of the industry. The unintended pregnancy rate is high in the U.S.
 

Strategic initiatives implemented by major players will support the market expansion

Some of the major companies operating in the market are Allergan Plc, Bayer Corporation, Cooper Surgical, Inc., Church & Dwight Co., Inc., Mayer Laboratories, Inc., Merck & Co. Inc., Pfizer, Reckitt Benckiser Group Plc, Teva Pharmaceuticals Industries Ltd. These leaders are engaged in strategic acquisitions, mergers, collaborations, partnerships, expansions, and product launches among other strategies to maintain a competitive edge. These market participants also focus on research and development activities that enables in garnering maximum market share.
 

Contraceptives market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Click here to Buy Section of this Report

By Products

• Drugs
  • Oral Contraceptive Pills
  • Injectable Contraceptives
  • Topical Contraceptives  
• Devices
  • Condoms
    • Male
    • Female
  • Diaphragms
  • Contraceptive Sponges
  • Vaginal Rings
  • Subdermal Implants
  • Intra-uterine Devices
    • Copper
    • Hormonal

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia