USD 11.41 billion
Report ID:
SQMIG35I2253 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Contraceptive Devices Market size was valued at USD 30.01 Billion in 2023 and is poised to grow from USD 31.83 Billion in 2024 to USD 50.97 Billion by 2032, growing at a CAGR of 6.06% during the forecast period (2025-2032).
To foster market growth, programs focused on reducing unintended pregnancies and associated healthcare costs and enhancing user awareness are anticipated. Numerous initiatives, such as Every Woman Every Child, Millennium Development Goals, the 2030 Sustainable Development Goals (SDGs), and Family Planning, have been launched by governments and healthcare organizations to promote family planning and the manufacturing and utilization of contraceptives. Private and public sectors both play significant roles as providers of contraceptives. The private sector primarily supplies short-acting resupply contraceptive methods like condoms and contraceptive pills, consistently holding a considerable market share. In Asia, for instance, around 41% of females obtain contraceptives from private-sector sources, while approximately 56% rely on public sources. Across 36 evaluated countries categorized as low- and middle-income, about 63% of women acquire contraceptives from the private sector, whereas approximately 34% utilize public-sector sources.
Governments worldwide are actively engaged in comprehensive campaigns and sex education programs targeting youth to raise awareness and promote the use of contraceptives to prevent STDs and unintended pregnancies. Esteemed healthcare organizations like the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) are pivotal in disseminating knowledge about safe sex practices, including the importance of condom usage.
Global Market Size
USD 11.41 billion
Largest Segment
Male
Fastest Growth
Male
Growth Rate
5.4% CAGR
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Global Contraceptive Devices Market is segmented by product type, technology, distribution channel and region. Based on product type, the market is segmented into male contraceptive devices, female contraceptive devices, female condoms, diaphragms & sponges, vaginal rings, intrauterine devices, sub-dermal implants and others. Based on technology, the market is segmented into hormonal contraceptives and barrier contraceptives. Based on distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, clinics, online channels, public channel & ngo and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
By Product, the market can be segmented into condoms, subdermal implants, contraceptive drugs, vaginal rings, and diaphragms. Condoms segment is the dominating segment in the market. It held the largest share in 2023. This is also due to the rise in demand from the public sector. It was reported in 2023 that, around 378.1 million units of condoms were supplied by the Department of Health & Family Welfare in India.
The contraceptive drugs segment is expected to experience significant growth and is the fastest-growing segment. The segment includes progestin-only pills and combination hormonal contraceptives.
Analysis by End user
By end user, the market can be segmented into males and females. The male represents the dominating segment in the Contraceptive Devices market. There is a growing awareness and acceptance of male contraception as a shared responsibility between partners. Male contraceptive methods, such as condoms and vasectomy, offer effective options for family planning. Additionally, advancements in male contraceptive research and development are expanding the range of available options.
The female segment has emerged as the fastest-growing segment in the Contraceptive Devices market. Female contraceptive devices such as intrauterine devices (IUDs), hormonal implants, and birth control pills are widely used to prevent unwanted pregnancies.
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North America dominated the global Contraceptive Devices market. It holds a maximum revenue share of more than 32.90%. The region's high rates of abortion, growing population of women between the ages of 15 and 44, and high patient awareness levels during the predicted period. Teenagers' desire for contraceptives has increased because of the introduction of generic and inexpensive medications and technologies.
Asia Pacific is expected to be the fastest growing region in the global Contraceptive Devices market. The rapid rise in this region is explained by an increase in governmental activities, a rise in population control demands, and a decline in the prevalence of unplanned pregnancies. The Centre for Reproductive Rights estimates that every year in Asia, there are about 53.8 million unwanted pregnancies, with about 65% of them ending in abortions. In Asia, the prevalence of contraception among married teens is roughly 41%.
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Drivers
Development of a highly efficient
Restraints
Increasing risk of infections regarding the use of contraceptive devices
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global contraceptive devices market features a highly competitive landscape with the presence of several key players. These companies focus on innovation, product development, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market. These key players, along with several other regional and local manufacturers, form a highly competitive landscape in the global market. Constant research and development, product diversification, and strategic partnerships remain crucial for companies to sustain growth and maintain a competitive advantage.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global contraceptive device market analysis, the market is witnessing substantial growth driven by factors such as the unmet demand for contraception among women and the prevalence of sexually transmitted diseases (STDs). With around 1.1 billion reproductive-age women globally requiring family planning, initiatives like Every Woman Every Child, Millennium Development Goals, and Family Planning 2021 are promoting the use of contraceptives. Both the private and public sectors play significant roles in providing contraceptive devices, with the private sector primarily offering short-acting methods like condoms and pills. Governments and healthcare organizations are actively conducting campaigns and sex education programs to raise awareness among youth and promote contraceptive usage. Esteemed healthcare organizations such as the World Health Organization and the Centers for Disease Control and Prevention are crucial in disseminating knowledge about safe sex practices. Overall, the market growth is fueled by the demand for family planning, the need to address STDs, and the collective efforts of stakeholders to enhance contraceptive accessibility and awareness.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 11.41 billion |
Market size value in 2031 | USD 18.32 billion |
Growth Rate | 5.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Contraceptive Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Contraceptive Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Contraceptive Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Contraceptive Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2253
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