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Contraceptive Devices Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Contraceptive Devices Market
What Is the Projected Growth of the Contraceptive Devices Market?
The contraceptive devices market has experienced strong growth in recent years. It is projected to grow from $12.8 billion in 2024 to $13.66 billion in 2025, at a compound annual growth rate (CAGR) of 6.7%. The historical growth is attributed to rising awareness about family planning, government initiatives, a growing global population, increased focus on women's health and empowerment, and better access to healthcare services.
The contraceptive devices market is expected to reach $17.47 billion by 2029, with a CAGR of 6.4%. The growth is driven by increased awareness of sexual health, the economic benefits of controlling family size, cultural acceptance of contraceptives, and the high proportion of the young population in reproductive age. Major trends include innovations in contraceptive technologies, educational campaigns, pharmaceutical advancements, a wider range of products, and research into new methods.
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What Are the Different Contraceptive Devices Market Segments?
The contraceptive devices market covered in this report is segmented -
1) By Product Type: Male Contraceptive Devices, Female Contraceptive Devices, Female Condoms, Diaphragms And Sponges, Vaginal Rings, Intrauterine Devices, Sub-Dermal Implants, Others Product Types
2) By Technology: Hormonal Contraceptives, Barrier Contraceptives
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channels, Public Channel And Non-Governmental Organization (NGO), Other Distribution Channels
Subsegments:
1) By Male Contraceptive Devices: Male Condoms, Vasectomy Devices, Male Contraceptive Injections, Male Contraceptive Pills
2) By Female Contraceptive Devices: Female Condoms, Diaphragms And Sponges, Vaginal Rings, Intrauterine Devices (IUDs), Sub-Dermal Implants, Emergency Contraceptive Devices
3) By Female Condoms: Internal Latex Female Condoms, Non-Latex Female Condoms
4) By Diaphragms And Sponges: Silicone Diaphragms, Latex Diaphragms, Contraceptive Sponges
5) By Vaginal Rings: NuvaRing (And Other Hormonal Vaginal Rings), Non-Hormonal Vaginal Rings
6) By Intrauterine Devices (IUDs): Copper IUDs, Hormonal IUDs, Non-Hormonal IUDs
7) By Sub-Dermal Implants: Hormonal Implants, Non-Hormonal Implants
8) By Other Product Types: Contraceptive Patches, Contraceptive Injections, Contraceptive Pills, Contraceptive Gel And Creams
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What Are the Primary Drivers Shaping the Contraceptive Devices Market?
The rising prevalence of sexually transmitted diseases (STDs) is expected to propel the contraceptive device market. STDs are transmitted through sexual contact, and their rise is linked to increased sexual activity and insufficient protection and education. Contraceptive devices, particularly condoms, are essential in reducing transmission risks. In July 2024, the UK Health Security Agency reported 401,800 new STI diagnoses in England in 2023, a 4.7% increase from 2022. This growth in STDs is driving the demand for contraceptive devices.
Which Companies Are Leading in the Contraceptive Devices Market?
Major companies operating in the contraceptive devices market are Pfizer Inc., Johnson & Johnson Services Inc., Bayer AG, Boehringer Ingelheim International GmbH., Teva Pharmaceutical Industries Ltd., Mylan N.V., Organon Group, Hologic Inc., CooperSurgical Inc., Cipla Inc., Mankind Pharma Ltd., TTK HealthCare Ltd., Zondervan, Merck Sharp & Dohme Corp., Evofem Biosciences Inc., Veru Inc., Medisafe Inc., Agile Therapeutics Inc., Janssen Global Services LLC, HLL Lifecare Ltd., Mayer Laboratories Inc., V-Care Pharma Pvt. Ltd., Vardhaman Lifecare Pvt. Ltd., Actavis Pharma LLC, Pregna International Limited
What Contraceptive Devices Market Trends Are Gaining Traction Across Different Segments?
Companies in the contraceptive device market are developing products like contraceptive vaginal rings to offer a convenient, once-a-month birth control option. The ring releases hormones to prevent pregnancy by inhibiting ovulation. In October 2023, Xiromed LLC, a U.S.-based pharmaceutical company, introduced the EnilloRing. This ring, combining etonogestrel and ethinyl estradiol, is worn for three weeks, followed by a one-week break, to prevent pregnancy.
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What Are the Top Revenue-Generating Geographies in the Contraceptive Devices Market?
North America was the largest region in the contraceptive devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contraceptive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Contraceptive Devices Market?
2. What is the CAGR expected in the Contraceptive Devices Market?
3. What Are the Key Innovations Transforming the Contraceptive Devices Industry?
4. Which Region Is Leading the Contraceptive Devices Market?
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