Contraceptive Drugs Market Size, Share, Growth Analysis, By Product(Oral contraceptive pills, Injectable contraceptives, Topical contraceptives), By Distribution Channel(Retail pharmacy, Hospital pharmacy, Clinics, Online channel), By Region - Industry Forecast 2024-2031

Contraceptive Drugs Market Driver

• Preventing Unwanted Pregnancies

Poor and low-income populations are represented in the overall rate of unintended pregnancy worldwide. One of the primary factors contributing to this prevalence is the use of traditional methods to prevent pregnancy. Also, unsafe abortions and maternal deaths occur every year. In Latin America, teenagers under the age of 16 have a four-time increase in the risk of maternal death compared to women in their thirties. So, the use of contraceptive drugs contributes significantly to the decrease in unplanned pregnancies.

• Growing Initiatives by Government and Non-Governmental Organization (NGO)

The increasing population and increase in the number of STDs have forced government agencies to adopt strict birth control measures. Many government and non-government organizations have started family planning and birth control programs. Organizations such as the reproductive health management institute, family planning foundation, department of gynaecology, and birth control association have launched public awareness programs on proper contraception.

Contraceptive Drugs Market Restraint

• Adverse effects of birth control pills

Long term use of birth control pills can cause side effects such as headache, bleeding, and nausea. Long-term use means using birth control pills for 10 years or more. Also, oestrogen and progesterone-based medications are associated with an increased risk of blood clots, which can lead to heart attacks. Thus, this factor is hindering the growth of the global contraceptive drugs market.