LOS ANGELES, March 08, 2023 (GLOBE NEWSWIRE) -- The Global Contraceptives Market Size accounted for USD 25.6 Billion in 2021 and is projected to occupy a market size of USD 42.4 Billion by 2030 growing at a CAGR of 5.8% from 2022 to 2030.
Contraceptives Market Research Report Highlights and Statistics:
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Contraceptives Market Report Coverage:
Market | Contraceptives Market | |
Contraceptives Market Size 2021 | USD 25.6 Billion | |
Contraceptives Market Forecast 2030 | USD 42.4 Billion | |
Contraceptives Market CAGR During 2022 - 2030 | 5.8% | |
Contraceptives Market Analysis Period | 2018 - 2030 | |
Contraceptives Market Base Year | 2021 | |
Contraceptives Market Forecast Data | 2022 - 2030 | |
Segments Covered | By Product, By Age, And By Geography | |
Contraceptives Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
Key Companies Profiled | Allergan plc, Bayer AG, Cipla Inc., HLL Lifecare Limited, Janssen Pharmaceutical Company, Mankind Pharma, Merck Co. Inc., Mithra Pharmaceuticals, Pfizer Inc., Reckitt Benckiser plc, and Teva Pharmaceutical Industries Ltd. | |
Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Contraceptives Market Overview:
The Contraceptives Market is a rapidly expanding industry, driven by the growing demand for effective and accessible family planning options.
The market for contraceptives is characterized by increasing awareness about reproductive health and a growing need for effective contraception methods.
A plethora of contraceptive options are available, including hormonal contraceptives, barrier methods, intrauterine devices (IUDs), natural family planning, and permanent methods. Hormonal contraceptives, including combined oral contraceptives, progestin-only pills, and patches, are the most widely used forms of contraception globally.
Some Side effects of contraceptives include:
Trends in the Contraceptives Market:
Contraceptives Market Dynamics:
Growth Hampering Factors in the market for Contraceptives:
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Market Segmentation:
Type of Product
Contraceptives Market Overview by Region:
North America’s Contraceptives market share is the highest globally. The market is characterized by a high level of awareness about reproductive health and a growing demand for personalized contraceptive options.
The Asia-Pacific region’s Contraceptives Market share is also huge and is growing at the fastest rate, driven by a large population and increasing awareness about reproductive health. The increasing number of women entering the workforce and the rising trend of delayed childbearing are also key drivers of market growth in this region.
Europe is another key market for Contraceptives, driven by a growing demand for effective and accessible contraception options, as well as an increasing focus on non-hormonal contraception methods.
The South American and MEA regions have a growing Contraceptives market share. Despite the high demand for contraception in these regions, limited access to affordable options remains a major barrier to market growth. In some poorer and orthodox countries contraceptives may be viewed as taboo, which can be a big factor in limiting the growth of the market for contraceptives.
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Contraceptives Market Key Players:
Some of the major players in the Contraceptives Market include Allergan, Pfizer Inc., Merck & Co., Inc., Bayer AG, Agile Therapeutics, Inc., Church & Dwight Co., Inc., Teva Pharmaceutical Industries Ltd., Lupin Limited, Hisamitsu Pharmaceutical Co., Inc., CooperSurgical, Inc., The Mead Johnson Company, LLC, Famy Care Ltd., Reckitt Benckiser Group plc, Famara, Inc., Danco Laboratories, LLC, Summit Therapeutics, HRA Pharma, and Linneo Health. These players are constantly innovating and introducing new products to stay ahead of the competition, and are highly focused on expanding their presence in key markets around the world.
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