Contraceptives Market on a Growth Trajectory: Forecasted to Reach $50.6 Billion by 2030
The global contraceptives market witnessed substantial growth, valued at $26,321.5 million in 2020 and projected to reach $50,595.8 million by 2030, with a CAGR of 6.5% from 2020 to 2030. This report provides an in-depth analysis of market dynamics, trends, and key factors driving the growth of the contraceptives industry.
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Market Overview: Contraception, also known as birth control or fertility control, involves methods to prevent pregnancy using drugs or devices. The market growth is propelled by the increasing focus on family planning and preventing unintended pregnancies globally. Factors such as the rise in contraceptive usage among young women, higher educational attainment, and health issues associated with teenage pregnancies drive market growth. Advanced contraceptive methods, increased awareness of sexually transmitted infections (STIs), and the popularity of novel products further contribute to market expansion.
Market Dynamics: The contraceptives market is segmented by product (drugs and devices), age group (15-44 years and above 44 years), and end user (households, hospitals, and clinics). Male condoms dominate the device segment due to their wide acceptance and easy accessibility. Women aged 15–24 years are major revenue contributors, while North America leads the market, followed by the Asia-Pacific region.
Key Players: The report identifies key players in the contraceptives market, including Veru Inc., Teva Pharmaceutical Industries Limited, Abbvie Inc., Bayer AG, Pfizer Inc., Cooper Companies Inc., Ansell LTD., Mayer Laboratories, Merck & Co. Inc., and Church & Dwight Co. Inc.
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Contraceptives Market Report Highlights
By Product Type:
- Drugs
- Devices
By Age Group:
- 15-44 Years
- Above 44 Years
By End User:
- Households
- Clinics
- Hospitals
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, Italy, France, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Impact of COVID-19: The COVID-19 pandemic disrupted the contraceptives market, with production halts and supply chain disruptions in 2020. However, with the availability of vaccines, the market is projected to rebound from the first quarter of 2023, supported by reduced restrictions and reopening of the global contraceptives industry.
Conclusion: Despite challenges posed by the pandemic, the contraceptives market is expected to recover and continue its growth trajectory. Technological advancements, regulatory initiatives, and increasing awareness about family planning are likely to drive market expansion, presenting opportunities for manufacturers and stakeholders in the global contraceptives industry.
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Introduction about Contraceptives Market:
- Contraceptives Market Size (Sales) Market Share by Type (Product Category)
- Contraceptives Market by Application/End Users
- Contraceptives (Volume) and Market Share Comparison by Applications
- Global Contraceptives and Growth Rate (2020-2030)
- Contraceptives Competition by Players/Suppliers, Region, Type, and Application
- Contraceptives (Volume, Value, and Sales Price) table defined for each geographic region defined.
- Contraceptives Players/Suppliers Profiles and Sales Data
- Key Raw Materials Analysis & Price Trends
- Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis ………and view more in complete table of Contents
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