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

As per The Business Research Company’s Contraceptives Global Market Report 2023, the contraceptives market is expected to show significant growth in the forecast period.

In the realm of healthcare, the global contraceptives market stands as a beacon of choice and control. As we delve into the market dynamics, it’s clear that factors like the rising incidence of sexually transmitted diseases and technological advancements are shaping the future of contraception.

The Growth Trajectory

• The contraceptives market is poised for growth, escalating from $24.13 billion in 2022 to $25.79 billion in 2023, displaying a robust Compound Annual Growth Rate (CAGR) of 6.9%.
• Projections indicate a sustained ascent, with the market expected to reach $33.31 billion in 2027, maintaining a steady CAGR of 6.6%.

Addressing the Rise in STDs

• The surge in sexually transmitted diseases (STDs) globally is a driving force behind the growing demand for contraceptives.
• STDs, transmitted through various forms of sexual contact, are a significant health concern. Skin-to-skin contact, as seen with herpes and HPV, is a common mode of transmission.
• Contraceptives play a pivotal role in not only preventing unwanted pregnancies but also controlling the spread of STDs.
• In 2020, the World Health Organization (WHO) reported a staggering 374 million new sexually transmitted infections worldwide, emphasizing the critical need for effective contraceptive measures.

Industry Giants Steering the Course

• Major players shaping the contraceptives market include Merck & Co. Inc., Cipla Inc., Bayer AG, and Pfizer Inc., among others.
• These industry leaders contribute not only to product innovation but also to the accessibility and awareness of contraceptives on a global scale.

Riding the Technological Wave

• A key trend gaining momentum in the contraceptives market is the integration of technology.
• Digital Contraception, a cutting-edge trend, involves tracking menstrual cycles online to identify high and low-risk days for pregnancy.
• In March 2021, Clue, a Berlin-based femtech company, received FDA approval for Clue Birth Control, an all-digital contraceptive leveraging period monitoring data.
• Clue’s digital contraception enables users to adjust habits based on their risk tolerance, recommending alternative contraception methods on high-risk days.

Market Segmentation Insights

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

North America: Leading and Growing

• In 2022, North America emerged as the largest region in the contraceptives market, underlining the region’s pivotal role.
• Looking ahead, North America is expected to maintain its momentum, becoming the fastest-growing region in the forecast period.

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

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The Contraceptives Global Market Report 2023  provides an in-depth analysis on the contraceptives market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –
Hormonal Contraceptives Global Market Report 2023
Oral Contraceptive Pills Global Market Report 2023
Womens Health Devices Global Market Report 2023

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