According to SPER Market Research, the Global Contraceptives Market utilization has increased, which has improved health outcomes such as maternal and new-born mortality and reduced the incidence of sexually transmitted diseases. Furthermore, an increase in the number of gynaecologists using these contraceptives for birth control would support the industry’s growth in the coming years.
The contraceptives market is growing as a result of greater use of safe and effective oral contraceptives, increased knowledge of modern contraceptives, and health risks associated with adolescent pregnancies.
Contraceptives Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.9%
- Forecast Market Size (2030): USD 20.27 billion
Contraceptive devices will drive the fastest growth in the contraceptive market. Over the forecast period, contraceptive devices are expected to account for more than half of the global market for contraceptive medications. As a result of this increased danger, there is an increase in understanding of modern contraception. Governments throughout the world have continuously financed family planning and sex education campaigns to raise public awareness of the hazards of STDs, which has expedited the growth of the contraceptive medication business.
Impact of COVID-19 on the Global Contraceptives Market:
The COVID-19 pandemic has had an impact in many different parts of the world. To stymie the pandemic’s rapid spread, governments around the world implemented strict lockdown procedures and social segregation standards. Manufacturing plants all over the world were shut down during the pandemic’s early stages. As a result of the economic crisis that followed the pandemic, the commercial launch of the healthcare sector may also be significantly delayed.
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Global Contraceptives Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Age Group,
- 15-24 Years
- 25-34 Years
- 35-44 Years
- 44 Years
- Oral Contraceptive Pills
- Intra-Uterine Devices
- Contraceptive Sponges
- Subdermal Implants
- Vaginal Rings, Condoms
- Topical Contraceptives
- Injectables, Diaphragms
- Hospitals Pharmacies
- Online Pharmacies
- Independent Pharmacies
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Contraceptives Market Key Players:
Global Contraceptives Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Agile Therapeutics, Allergan PLC., Bayer AG, GlaxoSmithKline PLC., Johnson & Johnson, Mylan N.V., Mankind Pharma, Novartis AG, Piramal Healthcare, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd.
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Smith Williams, Business Consultant – USA