Contraceptive Market Key Players Analysis - Bayer AG; China Resources Zizhu Pharmaceutical Co., Ltd. (CR Zizhu); Cupid Ltd.; Helm AG.

InsightAce Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Contraceptive Market (By Product (Contraceptive Devices (Condoms (Male, Female), Diaphragms, Contraceptive Sponges, Vaginal Rings, Subdermal Implants And Intra-Uterine Devices (Copper, Hormonal).), Contraceptive Drugs (Oral Contraceptive Pills, Injectable Contraceptives And Topical Contraceptives)))- Market Outlook And Industry Analysis 2031"

The global contraceptive market is estimated to reach over USD 53.96 billion by 2030, exhibiting a CAGR of 7.68% during the forecast period.

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Contraception refers to any method, medication, or device used to prevent pregnancy. Contraceptive products typically consist of hormonal formulations that may include a combination of estrogen and progestin or progestin alone. The market for contraceptives is expected to experience significant growth, driven by the increasing prevalence of sexually transmitted diseases (STDs) and the rising number of women with unmet needs for contraceptive solutions. Market expansion is anticipated to be further supported by the introduction of initiatives aimed at reducing unintended pregnancies and associated healthcare costs, as well as improving awareness and education among users.

The rise in unintended pregnancies is expected to contribute to market growth during the forecast period. Short-acting contraceptive methods, such as condoms and oral contraceptive pills, are predominantly supplied by the private sector, which has maintained a relatively stable share of the market. To enhance awareness among younger populations and promote the use of contraceptives to prevent STDs and unintended pregnancies, governments across various countries have been implementing large-scale educational campaigns and sex education programs. Increasing awareness of sexual health and family planning among young people, coupled with the growing adoption of modern contraceptive methods, are key drivers of market growth. Furthermore, government initiatives aimed at expanding access to contraceptives to prevent adolescent pregnancies and ensure informed consent have further strengthened market development.

List of Prominent Players in the Contraceptive Market:
• Bayer AG
• China Resources Zizhu Pharmaceutical Co., Ltd. (CR Zizhu)
• Cupid Ltd
• Helm AG
• Organon Group Of Companies
• Pfizer Inc.
• Viatris (Mylan)
• Abbvie, Inc
• Afaxys, Inc.
• Agile Therapeutics
• Janssen Pharmaceuticals, Inc
• Veru, Inc.

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Market Dynamics:
Drivers:
The increased use of contraceptives has contributed to improved maternal and infant health outcomes while reducing the risk of sexually transmitted diseases (STDs). The market is expected to expand in the coming years, supported by the growing preference of gynecologists for contraceptives as a method of birth control. The adoption of safe and effective oral contraceptive pills, increased awareness of modern contraceptive options, and health concerns related to teenage pregnancies are key factors driving market growth. Moreover, the acceptance of long-acting reversible contraceptives (LARCs) has significantly increased over the past decade. During the forecast period, sustainable growth is anticipated in the use of vaginal rings, injectables, and intrauterine devices (IUDs). The market is further driven by the longer lifespan and cost-effectiveness of these products.

Challenges:
Extended use of birth control pills has been linked to side effects such as bleeding, headaches, nausea, and weight gain. Multiple studies have highlighted the potential long-term adverse effects of oral contraceptive pills, which has led to growing concerns and reluctance among consumers. A lack of comprehensive understanding about the safety and efficacy of long-term contraceptive use remains a key barrier to market growth. Additionally, in developing regions, the social stigma surrounding contraceptive use and the high costs associated with contraceptive methods and pills have limited adoption and acceptance, posing significant challenges to market expansion.

Regional Trends:
North America is expected to hold a significant share of the global contraceptive market, driven by increased governmental initiatives, rising demand for population control, and a decline in unplanned pregnancies. The United States remains one of the largest producers and purchasers of contraceptives, with government support for global family planning and reproductive health (FP/RH) programs bolstering market growth. The introduction of new products and the convenience of vaginal rings are anticipated to further drive demand in the region. Meanwhile, the Asia-Pacific region also holds a substantial market share, characterized by intense competition among local companies. Most market players are actively investing in research and development (R&D) to introduce innovative products and gain a competitive advantage.

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Recent Developments:
• In Nov 2022, Bayer announced receiving a grant from the Bill & Melinda Gates Foundation. As part of the funding, Bayer and the Bill & Melinda Gates Foundation have each committed more than $12 million over four years to co-fund pre-clinical research efforts to offer non-hormonal contraceptive options to women worldwide. In addition to co-funding research over a four-year period, Bayer will utilise its women's healthcare and research and development expertise to find a pre-clinical development candidate.

Segmentation of Contraceptive Market-
By Products
• Contraceptive Drugs
o Contraceptive Pills
o Patch
o Injectables
• Contraceptive Devices
o Condoms
 Male Condoms
 Female Condoms
o Subdermal Implants
o IUDs
 Copper IUDs
 Hormonal IUDs
• Vaginal Rings
• Diaphragm
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.