Press release
Contraceptives Market Projected to Grow With a CAGR of 8.0% by 2029: Core Drivers and Key Trends
Contraceptives Market
A comprehensive overview of the global contraceptives market, detailing the potential market size, growth rate, key trends, and market players.
What Is The Projected Market Size Of The Global Contraceptives Market And Its Growth Rate?
The global contraceptives market has been experiencing significant growth which is expected to continue in the future years. Notable growth figures include:
• Growth from $27.92 billion in 2024 to $30.05 billion in 2025, expanding at a compound annual growth rate (CAGR) of 7.6%
• Projected market size of $40.89 billion in 2029 at a CAGR of 8.0%
The increased awareness and education about contraception and introduction of birth control pill have contributed to the market growth. Further growth will be fueled by factors like growing focus on male contraceptives and accessibility to over-the-counter drugs on online platforms.
What Is Driving The Growth In The Contraceptives Market?
The rising frequency of sexually transmitted diseases (STDs) is playing a considerable role in the growing demand for contraceptives. STDs, which can spread through sexual contact, make the need for effective prevention methods imperative. Contraceptives are thus utilized to manage the transmission of sexually transmitted diseases such as herpes and HPV. For instance, according to the Minnesota Department of Health, primary and secondary syphilis cases saw a 19% increase in 2022, contributing to the growing demand for contraceptives as a preventive measure.
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Who Are the Key Players Driving Contraceptives Market Growth?
The key companies operating in the contraceptives market include:
• Merck & Co. Inc.
• Bayer AG
• Churc*h & Dwigh*t Co. Inc.
• Cipla Inc.
• Reckitt Benckiser Group plc
• Agile Therapeutics Inc.
• Allergan Ltd.
• Aurobindo Pharma Limited
• Famy Care Ltd.
• Glenmark Pharmaceuticals Limited
What Are The Key Trends In The Contraceptives Market?
The key trends shaping the contraceptives market include:
• Technological advancements in contraceptive methods
• Shift towards non-hormonal and natural contraceptive methods
• Expansion of over-the-counter access to certain contraceptives
• Emphasis on user-friendly and discreet contraceptive options
• Integration of digital health technologies in contraception
What Are The Segments Of The Global Contraceptives Market?
The contraceptives market can be segmented by:
• Product: Oral Contraceptive Pills, Topical Contraceptives, Injectables, Diaphragms, Vaginal Rings, Condoms, Contraceptive Sponges, Subdermal Implants, Intra-Uterine Devices
• Age Group: 15-24 Years, 25-34 Years, 35-44 Years, 44 and above
• Distribution Channel: Hospital Pharmacies, Independent Pharmacies, Online Pharmacies, Clinics, Other Distribution Channels
Which Region Leads The Contraceptives Market?
North America was the largest region in the contraceptives market in 2024 and is expected to be the fastest-growing region in the forecast period. Apart from North America, the report also covers other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Contraceptives Market Global Market Report?
• Market Size Analysis: Analyze the Contraceptives Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Contraceptives Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Contraceptives Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Contraceptives Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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