Contraceptive Drugs Market Share Estimated to Reach US$ 24,412.22 Million with an 6.9% CAGR by 2027

The global contraceptive drugs market size was evaluated at $14,324.12 million in 2019, and is estimated to garner $24,412.22 million by 2027, registering a CAGR of 6.9% during the forecast period.

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Flood deprived for forestalling undesirable pregnancy, ascend in mindfulness for contraceptives across the world, expansion in utilization of oral contraceptives as a favored strategy to keep away from impromptu pregnancy, upsurge in government and NGO drives advancing contraceptives, and mounting mindfulness about sexually transmitted diseases drive the development of the worldwide preventative medications market. Then again, wellbeing chances related with the utilization of preventative techniques block the development somewhat. Be that as it may, ascend in discretionary cashflow, interest for solid life in arising economies, and presence of enormous neglected prophylactic necessities in arising Asian and African economies are supposed to set out worthwhile open doors for the vital participants in the business.

Development deprived to forestall undesirable pregnancy, flood in mindfulness for contraceptives across the world, and ascend in utilization of oral contraceptives as a favored strategy to keep away from impromptu pregnancy drive the development of the worldwide preventative medications market. Likewise, expansion in government and NGO drives advancing contraceptives and mounting mindfulness about sexually transmitted diseases further fuel the development of the worldwide market. Be that as it may, wellbeing takes a chance with connected with the utilization of prophylactic techniques limit the development somewhat. By the by, ascend in extra cash, development popular for solid life in arising economies, and presence of huge neglected prophylactic necessities in arising Asian and African economies are expected to introduce a variety of chances sooner rather than later.

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Covid-19 scenario-

During the outbreak of the pandemic the contraceptive drug manufacturers have been through several challenges with unpredictable and distorted supply chain activities and lack of skillful human resources. Also, declined number of hospital visits by women to receive injectable further affected the market.

However, as the restrictions are getting eased off, the global market for contraceptive drugs is expected to recoup soon.

Top Market Players

Allergan Plc
Bayer AG
Teva Pharmaceutical Industries Ltd.
GlaxoSmithKline Plc
Piramal Healthcare
Mylan N.V.
Pfizer Inc.
Johnson & Johnson
Agile Therapeutics
Novartis AG

By Region Outlook

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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