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Contraceptives Market - By Product (Devices (Condoms, Intra-uterine Devices), Drugs (Oral Contraceptive Pills)), Age Group (15 - 44 Years, Above 44 Years), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Channels) & Forecast, 2024 – 2032
Report ID: GMI430
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Published Date: September 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 16
Tables & Figures: 235
Countries covered: 23
Pages: 110
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Contraceptives Market Size
Contraceptives Market size was valued at USD 23 billion in 2023 and is expected to exhibit growth at a CAGR of 6.3% from 2024 to 2032. High market growth can be attributed to increasing emphasis on prevention of sexually transmitted diseases, growing awareness about new technologies for pregnancy prevention, and awareness programs for sexual wellness.
The market growth is further attributed to the growing awareness of reproductive health and family planning. Governments, NGOs, and healthcare organizations have been actively promoting contraceptive use as part of broader health initiatives aimed at reducing unplanned pregnancies and improving maternal health. Educational campaigns, both in schools and through the media, are helping to spread knowledge about the importance of contraception. This growing awareness is particularly evident in both developed and developing countries, where increased access to information and healthcare services has resulted in higher adoption rates of contraceptives across various demographics.
In addition, many countries are implementing policies that provide free or subsidized contraceptives through national healthcare systems, particularly targeting low-income populations. Programs like the Affordable Care Act (ACA) in the U.S., the NHS in the UK, and public health initiatives in countries like India and Brazil have significantly improved access to contraceptive options. Moreover, governments are investing in infrastructure to support family planning education, further facilitating access to a wide range of contraceptive methods, thereby contributing to market growth.
Contraceptives refer to a range of medical devices, drugs, and products designed to prevent pregnancy. These products work by inhibiting ovulation, blocking sperm, or creating an unfavorable environment for fertilization. Contraceptive options include oral pills, intrauterine devices (IUDs), condoms, and hormonal patches. They are widely used to control birth rates, support family planning efforts, and provide individuals and couples with greater control over their reproductive health.
Contraceptives Market Trends
The increasing demand for long-acting reversible contraceptives (LARCs), such as IUDs and contraceptive implants, has emerged as a prominent trend due to their high efficacy and long-term protection. LARCs are gaining popularity because they require minimal maintenance and are preferred by women seeking longer-term solutions for birth control.
Contraceptives Market Analysis
Based on product, the market is classified into drugs and devices. The devices segment generated the highest revenue of USD 16 billion in 2023.
Based on age group, the contraceptives market is categorized into 15-44 years and above 44 years. The 15-44 years segment generated the highest revenue of USD 21.3 billion in 2023.
Based on distribution channel, the contraceptives market is segmented into retail pharmacies, hospital pharmacies, online channels, and other distribution channels. The retail segment dominated the market in 2023 and is anticipated to reach USD 18.3 billion by the end of the forecast period.
North America contraceptives market accounted for USD 7.5 billion market revenue in 2023 and is anticipated to grow at a CAGR of 4% between 2024 and 2032.
U.S. contraceptives market accounted for USD 7.2 billion market revenue in 2023 and is estimated to hold substantial share between 2024 and 2032.
UK contraceptives market is projected to grow substantially in the coming years.
Japan holds a dominant position in the Asia Pacific contraceptives market.
Contraceptives Market Share
Major players in the market are investing in research and development to introduce innovative products. Key developments include the launch of non-hormonal contraceptives, advancements in contraceptive delivery systems, and collaborations to enhance access to contraceptive products in underserved regions. For example, partnerships between pharmaceutical companies and non-governmental organizations are helping to expand the reach of affordable contraceptives in low-income countries.
Contraceptives Market Companies
Prominent players operating in the contraceptives industry include:
Contraceptives Industry News:
The contraceptives market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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By Product
By Age Group
By Distribution Channels
The above information is provided for the following regions and countries: