The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The contraceptive devices market size has grown strongly in recent years, expanding from $12.05 billion in 2023 to $12.8 billion in 2024, with a compound annual growth rate (CAGR) of 6.3%. This historical growth is attributed to increasing awareness about family planning and contraceptive methods, government initiatives, a rising global population, greater focus on women’s health and empowerment, and improved access to healthcare facilities. The market is projected to grow further, reaching $16.43 billion by 2028 at a CAGR of 6.5%. This future growth is driven by rising awareness of sexual health and STD prevention, the economic benefits of controlling family size, growing cultural acceptance of contraceptive use, a high proportion of the young population in reproductive age, and the influence of social media in spreading awareness. Major trends expected during this period include innovations in contraceptive technologies, educational campaigns by NGOs and health organizations, advancements in pharmaceutical formulations, a wide range of contraceptive products, and increased investment in research and development for new methods.

The growing prevalence of sexually transmitted diseases (STDs) is expected to drive the growth of the contraceptive device market. STDs, transmitted primarily through sexual contact, lead to various symptoms and health complications. The increase in STDs is attributed to higher sexual activity, inadequate protection, insufficient sexual health education, and challenges in accessing healthcare and testing. Contraceptive devices, especially condoms, help reduce the risk of transmission by providing a barrier against infectious fluids and lesions. For example, in July 2024, the UK Health Security Agency reported 401,800 new STI diagnoses in England for 2023, a 4.7% increase from 2022, with gonorrhoea diagnoses rising by 7.5% and infectious syphilis diagnoses increasing by 9.4%. Therefore, the growing prevalence of STDs is driving the contraceptive device market.

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What Are The Key Trends That Influence Contraceptive Devices Market Share Analysis?

Major companies operating in the contraceptive device market are developing innovative products, such as contraceptive vaginal rings, to provide a convenient, low-maintenance method of birth control with a once-a-month insertion. A contraceptive vaginal ring is a flexible, hormone-releasing device inserted into the vagina that prevents pregnancy by continuously releasing hormones to inhibit ovulation and thicken cervical mucus. For instance, in October 2023, Xiromed LLC, a US-based pharmaceuticals company, launched the EnilloRing. The EnilloRing, developed by Xiromed, is a contraceptive vaginal ring that combines etonogestrel and ethinyl estradiol. It is designed for long-term use, remaining in place for three weeks. After this period, it is followed by a one-week ring-free interval to effectively prevent pregnancy.

How Is The Global Contraceptive Devices Market 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

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The Contraceptive Devices Global Market Report 2024 provides an overview of the contraceptive devices market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The contraceptive devices market forecast analyzes contraceptive devices market size, contraceptive devices market share, leading competitor and their market positions.

The Table Of Content For The Contraceptive Devices Market Include:

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