The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s contraceptives market report forecasts the contraceptives market size to grow to $33.31 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Contraceptives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/contraceptives-global-market-report

Contraceptives Market Size Forecast
The global contraceptives market is expected to grow from $24.13 billion in 2022 to $25.79 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The contraceptives market size is expected to grow to $33.31 billion in 2027 at a CAGR of 6.6%.

North America held the largest contraceptives market share and was the fastest-growing region in 2022.

Key Contraceptives Market Driver ­– Rise In The Frequency Of Sexually Transmitted Illnesses Or Diseases
For instance, in 2020, the World Health Organization (WHO) estimated the occurrence of 374 million new sexually transmitted infections across the globe. Therefore, the increase in sexually transmitted illnesses or diseases is expected to boost the demand for contraceptives during the forecast period.

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Key Contraceptives Market Trend – Technological Advancement
Digital Contraceptives are the latest trend in the contraceptives market. Digital Contraception is a way of tracking periods online to know which days are riskier for pregnancy. In March 2021, Clue, a Berlin-based femtech company, received FDA approval to market Clue Birth Control, all-digital contraception based on period monitoring data. The birth control function can identify when days are high or low risk for pregnancy by integrating user menstrual cycle data with Clue’s prediction algorithm. Users can then adjust their habits to fit their risk tolerance. Clue recommends that users refrain from sex entirely or use another form of contraception, such as condoms, on high-risk days.

Contraceptives Market Segment
1) By Product: Oral Contraceptive Pills, Topical Contraceptives, Injectables, Diaphragms, Vaginal Rings, Condoms, Contraceptive Sponges, Subdermal Implants, Intra-Uterine Devices
2) By Age Group: 15-24 Years, 25-34 Years, 35-44 Years, 44 Years
3) By Distribution Channel: Hospital Pharmacies, Independent Pharmacies, Online Pharmacies, Clinics, Other Distribution Channels

Contraceptives Market Major Players and Strategies
Major players in the contraceptives market are Merck & Co. Inc., Cipla Inc., Church & Dwight Co. Inc., Bayer AG, Reckitt Benckiser Group plc, Veru Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Mithra Pharmaceuticals, Pfizer, Inc., Allergan PLC, Mankind Pharma, Karex Berhad, Piramal Enterprises Ltd., and Thai Nippon Rubber Industry Co. Ltd.

In December 2020, Gedeon Richter PLC, a Hungary-based pharmaceutical and biotechnology company, acquired the rights to market Johnson & Johnson’s Evra contraceptive patches internationally, excluding the United States, for $263.5 million. Through this acquisition, Gedeon Richter PLC. is focused on expanding its product portfolio and market presence in the women’s healthcare sector. Johnson & Johnson is a US-based company involved in R&D, manufacturing, and distribution of medical devices, pharmaceuticals, and consumer packaged goods.

The Contraceptives Global Market Report 2023 covers regional data on contraceptives market size, contraceptives market trends and drivers, opportunities, strategies, and contraceptives market competitor analysis. The countries covered in the contraceptives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Contraceptive refers to a method or act that involves the use of a variety of medicines, sexual behaviours, chemicals, medications, or surgical procedures to intentionally prevent conception. Contraceptive is any method, measure, or action designed to keep a woman from getting pregnant.

View More Reports Related To The Contraceptives Market –
Hormonal Contraceptives Global Market Report 2023
Polycystic Ovarian Syndrome Treatment Global Market Report 2023
Womens Health Devices Global Market Report 2023

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