Contraceptives Market Will Observe Higher Growth in the Male Category

The contraceptives market is estimated to touch USD 29.4 billion in 2023, and it will advance at a 6.6% CAGR, to reach USD 46.2 billion, by 2030.

The progression of this industry can be ascribed to the increasing cases of sexually transmitted illnesses, as well as the mounting female count with not fulfilled device necessities and contraceptive medicine.

The devices category, based on product, accounted for the dominating share in the industry, and it is also likely to advance at a higher rate in the years to come. This can be because of the effectiveness of condoms in avoiding STDs, as well as the surging consciousness of sexually transmitted diseases, for instance, HIV.

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On the basis of devices, the condoms category accounted for the largest contraceptives market share. This is because of the mounting demand for this device from the public sector mainly in APAC and Europe.

The vaginal rings category will propel at a significant rate in the years to come. This can be because of the long lifespan and cost-efficiency of this device. Moreover, the obtainability of new products as well as the easier utilization of this device will further propel the advancement of this category in the years to come.

The pills category, based on drugs, accounted for the major share in the industry. This can be attributed to the fact that contraceptive pills are extensively utilized for regulating rates of birth and avoiding unplanned pregnancies.

The male category will advance at a higher rate because of the surging commercialization of male birth control devices and medicines. Furthermore, more condoms for males are utilized across the globe as compared to the devices for women.

However, the female category will propel at a rapid rate in the years to come, primarily owing to the increasing pace of unintended pregnancies. The initiatives of the government to lessen the occurrence of unintended pregnancies include making women conscious of many types of birth control medicines.

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North America will remain leading the industry in the years to come because of the helpful initiatives of the governments, the mounting incidence of STDs, and the high occurrence of unwanted pregnancies. Additionally, the U.S. government has established various educational campaigns about contraception and family planning, which also boosts the advancement of the regional industry.

APAC accounted for a significant share in the industry, owing to the expanding activities of the government about population control. Moreover, the refining consciousness of family planning and the increasing number of unintended pregnancies, particularly between teenagers in the continent will further boost the growth of the regional industry.

It is because of the increasing cases of STDs, along with the mounting female count requiring contraceptive devices and medicine, the contraceptives industry will continue to advance in the coming years.

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