Contraceptives Market, By Age-group (15-44 Years, and Above 44 Years), By Type (Drugs, and Devices), By End-user (Households, Clinics, and Hospitals), By Region Analysis - Global Analysis And Industry Forecast Report Till 2030.

The Contraceptives Market is projected to grow from $28.1 billion to $47.47 billion, at a CAGR of 6% during the forecast period 2021-2030.

Contraception is a method of preventing pregnancy using drugs or devices. Also called contraception and fertility control. Devices or drugs used for contraception interfere with the normal process of sperm-egg fertilization to prevent pregnancy. Focusing on the need for family planning and preventing unintended pregnancies fuels market growth.

In addition, the increasing use of contraception among young women and the increasing level of higher education fuel market growth. Furthermore, health concerns associated with teenage pregnancies, growing awareness of modern contraceptive methods, and increasing use of oral pills as a primary method to avoid unplanned pregnancies further propel the Contraceptives Market growth.

Market Dynamics:

Drivers:

The ever-increasing proportion of the world population, especially in developing countries, is a growing concern across the globe. So publicizing the need for government initiatives to eliminate or minimize the risks associated with unwanted pregnancies, abortions, and the threat of sexual disorders are running an awareness campaign. The Indian government pledged to offer family planning services to 48 million new consumers worldwide by 2020 at the London Conference on Family Planning.. A health initiative that promotes the effective use of contraception with the goal of reducing the rate and associated risks of unwanted pregnancy.

Restraints:

Despite the prevalence of unwanted pregnancies across the globe, certain factors are restraining the market growth. Among them are the side effects associated with birth control pills, such as nausea, headaches, and migraines. This factor significantly limits the market growth.

Opportunities:

The increasing rate of unwanted pregnancies globally is a major concern for the population. According to the Centers for Disease Control and Prevention, 45% of the 6.1 million pregnancies per year in the United States are unwanted. Therefore, the increasing rate of unintended pregnancies will spur market growth during the forecast period. This will in turn provide lucrative growth opportunities in this market.

Key Players:

• Bayer AG

• China Resources Zizhu Pharmaceutical Co., Ltd. (CR Zizhu)

• Cupid Ltd.

• Helm AG

• Church & Dwight

• Organon Group Of Companies

• Pfizer Inc.

• Viatris

• Abbvie, Inc.

• Afaxys, Inc.

• Veru, Inc.

• Agile Therapeutics

• Janssen Pharmaceuticals, Inc.

Market Segmentation:

Contraceptives Market, By Type

• Drugs

• Devices

Contraceptives Market, By End-user

• Households

• Clinics

• Hospitals

Contraceptives Market, By Age-group

• 15-44 Years

• Above 44 Years

Contraceptives Market, By Technology

• Bluetooth

• NFC

• Others

Contraceptives Market, By Region Type

• North America 

• Europe 

• Asia-Pacific 

• LAMEA 

Regional Analysis:

North America is expected to be the largest revenue-generating region in this market. The North American region's dominating contraceptives market share is due to the increasing rate of unintended pregnancies across the region. Additionally, growing numbers of teen pregnancies across the United States will further strengthen regional growth. Furthermore, the presence of major players operating in the region will further drive product sales.

The Asia-Pacific region is expected to grow at a significant CAGR and is regarded as the fastest-growing area in this market. This is owing to increasing public awareness of the several benefits of birth control pills for eliminating unwanted pregnancies and the increasing number of companies entering the Asian Contraceptives Market. Additionally, increasing government awareness programs to educate the population about family planning and women's health will further support market growth in the region.

Scope of the report:

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