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Contraceptives Market Size

Report ID: GMI430
Published Date: Oct 2023
Report Format: PDF

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Contraceptives Market Size

Contraceptives Market size was valued at around USD 21.5 billion in 2022 and is estimated to reach approximately USD 39.8 billion by 2032, at 6.3% CAGR over the forecast period. This incremental growth rate is owing to increasing prevalence of unwanted pregnancies, sexually transmitted ailments, technological advancements in devices and surging awareness related to sexual health among women. Favorable government policies in developed regions aimed at preventing unwanted pregnancies is anticipated to render significant positive impact on the market growth.

Contraceptives Market

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Moreover, the prevalence of sexually transmitted diseases is rising across the globe that highlights the high unmet contraceptive needs which is predicted to positively influence the market progress. Technological advancements in contraceptive drugs and devices have significantly reduced the rates of unwanted pregnancies among young adults worldwide.

Contraceptives Market Report Attributes
Report Attribute	Details
Base Year:	2022
Contraceptives Market Size in 2022:	USD 21.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.3%
2032 Value Projection:	USD 39.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	432
Segments covered:	Product, Age Group, Distribution Channel and Region
Growth Drivers:	Favourable regulatory scenario in developed nations Growing inclination towards planned delayed pregnancy High unmet contraceptive needs in developing economies Growing prevalence of Sexually Transmitted Diseases (STD)
Pitfalls & Challenges:	Growing infertility prevalence Adverse effects of contraceptive drugs

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Contraceptives, also known as birth control methods, are various type of devices and drugs used to prevent pregnancy by intentionally inhibiting or reducing the chances of conception. The scope of the market covers information pertaining to different types of drugs and devices that are being used as contraceptives including condoms, IUDs, vaginal rings, pills among others.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Contraceptives industry size was USD 21.5 billion in 2022 and is expected to reach USD 39.8 billion by 2032 due to the increasing prevalence of unwanted pregnancies, sexually transmitted ailments, technological advancements, and surging awareness related to sexual health worldwide.

Contraceptives industry from the devices segment will register 7.3% CAGR from 2023 to 2032 on account of its high effectiveness in preventing unintended pregnancies and wide range of options such as, condoms, diaphragms, contraceptive sponges, vaginal rings, etc.

North America held 33% share of the contraceptives industry in 2022 and is expected to register a significant CAGR from 2023-2032 owing to the increasing awareness of novel contraceptives comprising pills and devices in the region.

Allergan Plc, Bayer Corporation, Cooper Surgical, Inc, Church & Dwight Co , Inc., Mayer Laboratories, Inc., Merck & Co Inc., Pfizer, and Reckitt Benckiser Group Plc, are some of the major contraceptives companies worldwide.