Contraceptive Devices Market Size, Share, Growth Analysis, By Product(Condoms, Subdermal Implants, Contraceptive Drugs, Vaginal Rings), By End user(Male and Female), By Region - Industry Forecast 2024-2031

Contraceptive Devices Market size was valued at USD 28.30 billion in 2022 and is poised to grow from USD 30.01 billion in 2023 to USD 48.06 billion by 2031, growing at a CAGR of 6.06% during the forecast period (2024-2031).

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.