With 5.5% CAGR, Contraceptives Market Size worth USD 30.15 Billion in 2027
According to Fortune Business Insights, The Contraceptives Market size is anticipated to reach USD 30.15 Billion by 2027, the market size was USD 22.49 Billion in 2019 and is anticipated to rise at a CAGR of 5.5%.
Pune, India, Nov. 09, 2022 (GLOBE NEWSWIRE) -- The global contraceptives market is set to gain traction from the increasing adoption of low-dose combined oral contraceptives (COCs). They include progestogen blended with 20-35 micrograms of ethinylestradiol. This information is given by Fortune Business Insights™ in a new report, titled, “Contraceptives Market Size, Share & Industry Analysis, By Product (Contraceptive Drugs and Contraceptive Devices), By Gender (Male & Female) By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Channel, Clinics, Public Channel & NGOs, and Others), and Regional Forecast, 2020-2027.” The report further states that the contraceptives market size was USD 22.49 billion in 2019 and is projected to reach USD 30.15 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period.
Key Industry Development:
August 2020: The U.S. Food and Drug Administration (FDA) approved a non-hormonal vaginal gel named Phexxi. It was developed by the University of Illinois Chicago. It is a combination of potassium bitartrate, citric acid, and lactic acid.
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Report Scope:
Report Coverage | Details |
Forecast Period | 2020 to 2027 |
Forecast Period 2020 to 2027 CAGR | 5.5% |
2027 Value Projection | USD 30.15 billion |
Base Year | 2019 |
Market Size in 2019 | USD 22.49 billion |
Historical Data for | 2016 to 2018 |
No. of Pages | 150 |
Drivers and Restraints:
Increasing Government Initiatives to Skyrocket Demand for Contraceptives
As the population is surging worldwide, the governments are taking persistent initiatives to conduct awareness campaigns for lowering the risks of unwanted pregnancies, sexual disorders, and abortion. The Government of India, for instance, committed to deliver family planning services by the end of 2020 to 48 million new users at the London Summit on Family Planning. Similarly, the U.S. government developed an infant and a maternal health initiative to promote the usage of contraceptives effectively. However, contraceptives may cause multiple side-effects, such as migraine, headaches, and nausea. This factor may hinder contraceptives market growth.
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Segments:
Contraceptive Drugs Segment to Dominate Fueled by Their High Efficiency
Based on product, the contraceptive drugs ices segment is set to grow with highest CAGR in the near future on account of their high demand, as well as their increasing efficiency in monitoring women’s health.
Contraceptives Market Segments:
Market Segmentation | By Product
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By Gender
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By Distribution Channel
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By Geography
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Regional Insights:
Rising Cases of Teenage Pregnancies to Boost Growth in Europe
In 2019, North America generated USD 9.71 billion in terms of revenue and would lead in the forthcoming years. This growth is attributable to the increasing cases of unwanted pregnancies in the region. Europe is set to exhibit a considerable growth owing to the rising prevalence of teen pregnancies. Asia Pacific, on the other hand, is likely to exhibit a significant CAGR backed by the increasing entrance of new companies in the region.
Competitive Landscape:
Key Companies Aim to Gain Fast Track Approvals for Intensifying Competition
The market is fragmented owing to the availability of a large number of contraceptives. Most of the companies are frequently conducting elaborate studies to come up with state-of-the-art products to meet the growing demand. Some of the others are trying to bag FDA approvals for their newly discovered products.
List of Key Players Mentioned in the Report:
Pfizer, Inc. (US)
Bayer AG (Germany)
Cooper Surgical. Inc. (US)
The Female Health Company (US.)
Teva Pharmaceutical Industries Limited (Israel)
Merck & Co., Ine. (US)
Mayer Laboratories, Inc (US)
Church & Dwight, Co., Inc. (U.S)
Medisafe Distribution Inc. (U.S)
Other Players
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Table of Content
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Recent Industry Developments Such as Mergers & Acquisitions
Regulatory Scenario for Key Countries
New Service/Product Launch
Technological Developments
Key Industry Trends
Global Contraceptives Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Contraceptive Drugs
Oral
Injectable
Patches
Contraceptive Devices
Male Contraceptive Devices
Female Contraceptive Devices
Market Analysis, Insights and Forecast – By Gender
Male
Female
Market Analysis, Insights and Forecast – By End User
Hospital Pharmacy
Retail Pharmacy
Online Channel
Public Channel & NGOs
Clinics
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Contraceptives Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast - By Product
Contraceptive Drugs
Oral
Injectable
Patches
Contraceptive Devices
Male Contraceptive Devices
Female Contraceptive Devices
Market Analysis, Insights and Forecast - By Gender
Male
Female
Market Analysis, Insights and Forecast – By End User
Hospital Pharmacy
Retail Pharmacy
Online Channel
Public Channel & NGOs
Clinics
Others
Market Analysis, Insights and Forecast - By Country
U.S.
Canada
Toc Continue..
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