USD 28.22 billion
Report ID:
SQMIG35I2273 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
39
|Figures:
74
Contraceptives Market size was valued at USD 30.31 Billion in 2023 and is poised to grow from USD 32.55 Billion in 2024 to USD 57.62 Billion by 2032, growing at a CAGR of 7.40% during the forecast period (2025-2032).
The global contraceptives market is witnessing significant growth and is driven by several factors. Increasing awareness about family planning, rising prevalence of sexually transmitted infections (STIs), and the growing demand for effective contraceptive methods are key factors contributing to market growth.
Additionally, advancements in contraceptive technologies, such as the development of long-acting reversible contraceptives (LARCs) and the availability of a wide range of contraceptive options, are further fueling market expansion. Moreover, government initiatives and programs aimed at promoting family planning and reproductive health are creating a favorable environment for the market.
However, challenges such as social stigma, cultural barriers, and limited access to contraceptives in certain regions pose restraints to market growth. Nonetheless, the increasing emphasis on women's health and the rising acceptance of contraception as a means of empowerment are expected to drive the growth of the global contraceptives market in the coming years.
US Contraceptives Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 28.22 billion
Largest Segment
oral contraceptives (birth control pills)
Fastest Growth
oral contraceptives (birth control pills)
Growth Rate
7.40% CAGR
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Global Contraceptives Market is segmented by product, distribution channel and region. Based on product, the market is segmented into contraceptive drugs and contraceptive devices. Based on distribution channel, the market is segmented into healthcare facilities, pharmacies and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Contraceptives Market Analysis by Type
The dominant sub-segment in the type segment of the Contraceptives market is oral contraceptives, commonly known as birth control pills. Oral contraceptives are a widely used and popular form of contraception, available in different formulations such as combination pills (containing both estrogen and progestin) and progestin-only pills. These pills are taken orally on a daily basis to prevent pregnancy by inhibiting ovulation, thickening cervical mucus, and altering the uterine lining. They offer convenience, high efficacy, and reversible contraceptive protection, making them a preferred choice for many individuals.
The fastest growing sub-segment in the type segment of the Contraceptives market is long-acting reversible contraceptives (LARCs). LARCs include methods like intrauterine devices (IUDs) and contraceptive implants. These methods offer extended contraception without requiring daily adherence. IUDs are small T-shaped devices inserted into the uterus, providing effective contraception for several years. Contraceptive implants are small rods inserted under the skin that release hormones to prevent pregnancy for an extended period. LARCs are gaining popularity due to their high efficacy, long-lasting protection, and convenience, making them a rapidly growing sub-segment in the Contraceptives market.
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One dominant region in the global contraceptives market is North America. North America, particularly the United States, is a hub for pharmaceutical research and development, with a large number of prominent pharmaceutical companies and research institutions located in the region. The presence of a well-established healthcare infrastructure, favorable regulatory environment, and significant investment in research and development activities contribute to North America's dominance in the contraceptives market.
One of the fastest-growing regions in the global contraceptives market is Asia Pacific. The region is experiencing rapid growth in the pharmaceutical industry, driven by factors such as increasing healthcare expenditure, expanding patient population, and rising demand for advanced therapeutics. Countries like China, India, and Japan are making significant investments in research and development, and they are becoming attractive destinations for contraceptives activities. Additionally, the availability of a skilled workforce, supportive government initiatives, and collaborations with global pharmaceutical companies are further fueling the growth of the contraceptives market in Asia Pacific.
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Contraceptives Market Drivers
Increasing Awareness And Acceptance Of Family Planning And Reproductive Health
Contraceptives Market Restraints
Cultural And Religious Barriers That Limit The Use And Acceptance Of Contraceptives
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The global contraceptives market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Contraceptives. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Contraceptives Market Top Player’s Company Profiles
Contraceptives Market 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.
The global contraceptives market is a rapidly growing industry driven by increasing awareness and the need for effective family planning methods. Contraceptives are widely used to prevent unintended pregnancies and promote reproductive health. The market offers a wide range of contraceptive options, including oral contraceptives, intrauterine devices (IUDs), implants, patches, condoms, and injectables. Growing initiatives by governments and organizations to promote family planning, coupled with advancements in contraceptive technology, are fueling market growth. Additionally, changing societal norms, increasing education levels, and the rising prevalence of sexually transmitted infections (STIs) are further contributing to the demand for contraceptives. However, factors such as cultural and religious barriers, limited access to contraceptives in certain regions, and potential side effects associated with some methods pose challenges to market growth.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 28.22 billion |
Market size value in 2031 | USD 53.65 billion |
Growth Rate | 7.40% |
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 Contraceptives 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 Contraceptives 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 Contraceptives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Contraceptives 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: SQMIG35I2273
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