Contraceptives Market Developments, Competitive Analysis, Forecasts 2028
According to our new research study on “Contraceptives Market Forecast to 2027 – COVID-19 Impact and Analysis – by Product, End User, and Distribution Channel,” the market is expected to reach US$ 29,629.4 million in 2028 from US$ 20,825.0 million in 2020; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. The report highlights trends prevailing in the global Contraceptives market and factors governing the market growth.
Based on product, the condoms segment held the largest share of the market in 2020; whereas, the intrauterine product (IUDs) segment is expected to grow at the fastest CAGR during the forecast period. IUDs are popular and one of the most effective forms of birth control globally. Factors driving the growth of the segment are increasing rate of unintended pregnancies and launch of innovative products. Bayer received the US Food and Drug Administration (FDA) approval for Kyleena (levonorgestrel-releasing intrauterine system) 19.5 mg, a progestin-containing intrauterine system, that prevents pregnancy for up to five years.
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Key Players Influencing the Market
- Bayer AG
- Cooper Companies, Inc.
- Merck & Co., Inc
- HLL Lifecare Limited
- Church & Dwight, Inc.
- Pregna International Limited
- Mayer Laboratories, Inc.
- Prosan International B.V.
- Cupid Limited
North America is expected to contribute to the largest share in the contraceptives market in the coming years, owing to factors such as, growing demand for contraceptives for preventing unwanted pregnancies, to presence of sophisticated healthcare facilities and favorable regulatory scenario and awareness programs in United States and Canada. Asia Pacific is expected to witness significant growth rate during the forecast period primarily due to increasing awareness campaigns to raise awareness about contraceptives and several government initiatives. Favorable family planning policy along with other reimbursement policies such as the AIDS care policy will positively impact business revenue in Asian countries such as, India and China
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
Table of Content – Major Key Points
1 Scope of the Report
2 Executive Summary
3 Global Contraceptives by Company
4 World Historic Review for Contraceptives by Geographic Region
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Contraceptives by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion
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