Contraceptives Market to Grow at Remarkable 15.5% CAGR, Eyeing US$ 2.7 Billion by 2028: TMR Report

The global 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐞𝐩𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 893.9 million in 2020, is projected to witness a robust growth, with an estimated compound annual growth rate (CAGR) of 15.5% from 2021 to 2028, reaching over US$ 2.7 billion by the end of 2028.

Amid the ongoing COVID-19 pandemic, strategies for birth spacing include advocating for methods like lactation amenorrhoea (LAM), promoting barrier methods such as condoms, and ensuring ample supplies of oral progestin-only pills. However, the market remains highly fragmented, characterized by the presence of numerous international and regional players. To address the lack of awareness, particularly in developing economies, stakeholders are advised to collaborate with governments to educate women and other stakeholders about contraceptive options. Moreover, manufacturers are encouraged to ramp up production of affordable contraceptive solutions to enhance uptake in these regions.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Merck & Co., Inc., Cipla, Inc.,Allergan plc,Bayer AG,HLL Lifecare Limited,Mankind Pharma,Pfizer, Inc.,Teva Pharmaceutical Industries Ltd.,Mithra Pharmaceuticals,Janssen Pharmaceutical Company,Reckitt Benckiser Group plc., etc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Contraceptive Drugs
Oral Contraceptives
Combined Contraceptives
Mini-pills
Contraceptive Injectable
Topical Contraceptive Patch

Contraceptive Devices

Male Contraceptive Devices
Female Contraceptive Devices
Female Condoms
Contraceptive Diaphragms
Contraceptive Sponges
Contraceptive Vaginal Rings
Intrauterine Devices
Sub-dermal Contraceptives Implants
Non-Surgical Permanent Contraception Devices

Contraceptives Market, by Distribution Channel

Hospitals Pharmacies
-Public
-Private
Independent Pharmacies
Online Pharmacies
Clinics
Others

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

On January 14, 2021, Teva Pharmaceuticals announced the generic version of NuvaRing (etonogestrel and Ethinyl estradiol) vaginal ring in the U.S. The launch of such vaginal rings can be expected to drive the contraceptive market.

On November 17, 2020, the World Health Organization launched global strategies for accelerating the abolition of cervical cancer. This is expected to augment the global contraception devices market.

On May 22, 2020, Evofem Biosciences, Inc. announced that the U.S. Food and Drug Administration had approved Phexxi, a new contraceptive method

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections
Regional analysis and market dynamics
Market segmentation by service type, sourcing type, application, industry vertical, and region
Key drivers and challenges
Market trends and future outlook

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the contraceptives market looks promising, with technological advancements, increasing investments in research and development, and supportive government policies expected to drive market growth. Efforts to address barriers to access, improve affordability, and expand contraceptive options will further propel market expansion.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐌𝐚𝐬𝐬 𝐒𝐩𝐞𝐜𝐭𝐫𝐨𝐦𝐞𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/30/2678793/0/en/Mass-Spectrometer-Market-to-Expand-at-8-2-CAGR-Surpassing-USD-13-5-Billion-by-2031-TMR-Study.html

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐯𝐞 𝐅𝐚𝐛𝐫𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/30/2678780/0/en/Industrial-Protective-Fabrics-Market-Size-is-Expected-to-Reach-US-24-6-Billion-by-2031-Rising-at-a-Market-Growth-of-6-3-CAGR-During-the-Forecast-Period-Transparency-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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