According to QY Research Medical, the contraceptives market size was estimated at US$ 26,321.5 million in 2020 and it is projected to surpass US$ 50,595.8 million by 2030, growing at a CAGR of 6.8% from 2020 to 2030.
According to QY Research Medical, the contraceptives market size was estimated at US$ 26,321.5 million in 2020 and it is projected to surpass US$ 50,595.8 million by 2030, growing at a CAGR of 6.8% from 2020 to 2030.
Contraception is a method of preventing pregnancy using drugs or a device. It is also known as birth control and fertility control. The devices or drugs used in contraception interfere with the normal process of sperm-ovum fertilization to prevent pregnancy. Rise in focus towards the need of family planning and preventing unintended pregnancy fuels the market growth. In addition, increase in use of contraception in young women and rise in higher educational attainment propels the market growth. Moreover, health issues associated with teenage pregnancies, increase in awareness of modern contraception, and rise in use of oral pills as a key method to avoid unplanned pregnancy further drive the contraceptives market growth.
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High absorption rate, and rise in participation of reproductive women in labor force, and high awareness about contraceptive products among population, which drives the growth of the global contraceptive market. In addition, rise in disposable income of population in developing countries such as India, Brazil, Africa, and others, which in turn, rise in adoption of contraceptives products, boost the growth of the global contraceptives market. For instance, the disposable income of Indian population grew by 1.8% from 2019 to 2021. However, health risks associated with the use of contraceptives, availability of alternate contraceptive methods, and lack of social acceptance might adversely affect the contraceptives market growth. Contraceptives market forecast from 2020 to 2030.
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | USD 26,321.5 Million |
| Revenue Forecast by 2030 | USD 50,595.8 Million |
| Growth Rate from 2021 to 2030 | CAGR of 6.8% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Major players such as Cooper Companies, Veru Inc., Pfizer Inc. and others are adopting the acquisition strategy to improve their product portfolio to maintain competition in the market. For instance, in March 2021, Cooper completed the acquisition of a privately-held medical device company that designed and developed an innovative obstetric product for use in urgent obstetrics to reduce risks associated with childbirth, which is expected to provide contraceptives market opportunity.
The contraceptives market is segmented on the basis of product, age group, end user, and geography. Contraceptive drugs and devices are two major product categories of the contraceptives market. Contraceptive drugs are further categorized into oral (pills), injectable, and topical contraceptives. The oral contraceptives industry is the largest within the contraceptive drug market owing to the widespread use of oral pills by women. This is mainly because they are proven to be highly effective, up to 99% in preventing pregnancy. Drugs segment have highest contraceptives market size.In addition, contraceptive devices are further categorized into condoms, IUDs, diaphragms, sponges, patches, implants, and vaginal rings. In terms of revenue, condoms are the most commonly used contraceptive devices, accounting for around two-thirds of the contraceptives market share in 2020. However, IUDs’ gain momentum and are expected to grow at a faster pace during the forecasting period. By age group, the market is divided into 15-44 years, and above 44 years. 15-44 years segment has contraceptives market share in 2020.On the basis of end user, the market is segmented into households, clinics, and hospitals. Households segment has highest contraceptives market share in 2020.
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The COVID-19 pandemic forced many companies in the global contraceptives industry to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global contraceptives market. In addition, halt in manufacturing of industrial products was witnessed due to lack of raw materials and manpower das lockdowns were imposed during the COVID-19 pandemic. Further, no new consignments were received by companies operating in this sector. Hence, halt in industrial activities and lockdowns for several months affected the global contraceptives industry and the market is anticipated to witness a slow recovery during the forecast period.
By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region is expected to hold the highest contraceptives market share during the forecast period.
COMPETITION ANALYSIS
The report provides a comprehensive analysis of the key players that operate in the contraceptives market, namely, 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.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the contraceptives market analysis from 2020 to 2030 to identify the prevailing contraceptives market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the contraceptives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global contraceptives market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- 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
- North America
Key Market Players
- Merck & Co Inc
- Pfizer Inc
- AbbvieInc
- Ansell Ltd
- Bayer AG
- Church & Dwight Co Inc
- Teva Pharmaceutical Industries Limited
- The Cooper Companies Inc
- VeruInc
- Mayer Laboratories Inc
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