Global Contraceptive Market to Reach ~US$ 33,529 Mn by 2029
The global contraceptives market size is expected to reach ~US$ 33,529 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~6.2% between 2019 and 2029. According to the report, growing need of population control, increasing incidence of unwanted pregnancies and government’s initiatives drive the contraceptive market forward. It uses unique research methods to offer the most accurate analysis of the market.
The exponentially increasing popularity of birth control measures to control the risk of unintended pregnancies is amplifying the demand for safe and reliable contraceptive solutions. Contraceptives have recorded significant demand over the years due to the sale of intrauterine and contraceptive implants methods, that are permanently being used owing to their effectiveness.
Keeping in mind the role contraceptives play towards population control, most of the regional governments have organized awareness programs regarding the need to use the products and their benefits. For instance, the launch of World Contraceptive Day which is held on the 26 September of each year. This program is supported by internationally recognized authorities like WHO and the United Nations among many
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Contraceptive Pills – the Most Lucrative Product Type
Contraceptive market contains drugs and devices. The devices market holds most the contraceptive market however drugs are anticipated to grow at highest CAGR owing to its beneficial property and easy consuming method. With the advancement of technology, the emergence of drugs have become popular as oral contraceptive pills which has the same purpose as other contraceptive drugs or devices. The simplicity and easy consumable method are expected to make it most popular contraceptive market. The other form of drugs such as topical and injectable contraceptives also witness strong market demand. Furthermore, these contraceptive pills are highly effective and does not interrupt in sex. Even in cases, it has been proved to reduce heavy and painful periods. All these factors and benefits are expected to fuel the sales of contraceptive drugs in the global market.
The global contraceptive market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Contraceptive Drugs
- Oral Contraceptive Pills
- Contraceptive Devices
- Vaginal Rings
- Subdermal Implants
- Intrauterine Device
- High Range
- Low / Economy Range
- Wholesaler/ Distributor
- Hypermarket/ Supermarket
- Specialty Stores
- Drug & Pharma Stores
- Convenience Stores
- Others (hospitals, clinics etc.)
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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Who is Winning?
Some of the leading players operating in the contraceptives market are Bayer AGPfizer Inc., Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Allergan Plc, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe Distribution Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Pfizer,
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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