Contraceptive Drugs And Devices Market Size, Share, Growth, and Industry Analysis, By Type (Contraceptive Drugs (Oral Contraceptive Pills, Contraceptive Injectables, Topical Contraceptive), Contraceptive Devices (Male Contraceptive Devices, Female Contraceptive Devices)), By Downstream Industry (Female, Male) and Regional Forecast to 2032

Updated On: 26 August 2024

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CONTRACEPTIVE DRUGS AND DEVICES MARKET REPORT OVERVIEW

The Global Contraceptive Drugs And Devices Market size was USD 209.45 million in 2023 and the market is projected to touch USD 439.87 million by 2032, exhibiting a CAGR of 7.7% during the forecast period.

The market for worldwide contraceptive pills and devices is on the upswing thanks to improved consciousness within the circle of relatives making plans and reproductive health. Market factors include the availability of better technological methods that limit conception and newer and more efficient forms of contraceptives in the form of devices and drugs that help in the development of the marketplace. The increase in the world’s inhabitants, alterations in their conduct, the developing variety of responsibilities addressed to authorities, their consequently higher inclusive amount, and extensions within the application of family planning additionally hurried up the demand for contraceptives. The market includes not only several products, such as hormonal tablets and IUDs, but also employs barriers, including marital and emergency contraceptives, and will address the given options and desires.

The phenomena that appreciably activate the marketplace comprise the increase in the consciousness of sexual fitness, advancements within the process of contraceptive technology, and the discovery of spaces on the subject of reproductive health. However, some factors, such as high prices of a few contraceptive strategies, cultural and spiritual competition, and regulatory hurdles, can work as affirmatives and check the rate of increase in the marketplace. Leading market zones are North American and European because of higher levels of healthcare facilities and awareness levels. On the other hand, Asia-Pacific and especially Latin America’s inexperienced markets are progressing at a rapid rate due to the improved availability and use of contraceptives.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Financial Strain

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Barriers to choice and accessibility in the economic setting influenced people during the time of the pandemic in terms of contraceptive products as well as services. COVID-19 restrictions limited physical contact of patients to healthcare facilities, hence limiting regular prescriptions of contraceptives and consultations. Another impact was disruptions in supply chains and deliverance of contraceptives; this was due to closed borders caused by the pandemic.

This increased the proportion of people who could in some way get contraceptive consultations or prescriptions through telemedicine during the pandemic. It was observed that COVID 19 helped in advocating for reproductive health and family planning thus increasing awareness and education on contraceptives.

LATEST TRENDS

"Expanded Choices in Contraceptives to Drive Market Growth"

Women (and more and more men) have more choices regarding which kind of contraception they want to use for their health, lifestyle, and options. An extended method contraceptive list may increase the unavailability of family planning services, especially in rural areas. The various contraceptive methods provide the population with fitness benefits in preventing the contraction of other infections, such as STIs, or managing the menstrual period. Subsequently, such fashion demonstrates the changing information of reproductive compatibility and the fact that it is not proper to have a one-size-fits-all approach to contraception. It assists people in making sound choices concerning issues of reproductive health.

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CONTRACEPTIVE DRUGS AND DEVICES MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Contraceptive Drugs (Oral Contraceptive Pills, Contraceptive Injectables, Topical Contraceptive), Contraceptive Devices (Male Contraceptive Devices, Female Contraceptive Devices).

• "Contraceptive Drugs (Oral Contraceptive Pills, Contraceptive Injectables, Topical Contraceptive)": Sul demonstration means contraceptive pills are taken daily to abstain from pregnancy and help manage the ovary. It is also set to be taken periodically to females to avoid pregnancies by suppressing ovulation. Barrier appliances attached to the skin keep pregnant by releasing hormones into the blood at specific incidences.
• "Contraceptive Devices (Male Contraceptive Devices, Female Contraceptive Devices)": Practices through which male clients may make sure sperm will not get to the eggs, for instance, using condoms or vasectomy. Female contraceptives, such as intra-uterine devices and implant contraceptives that men do not use.

By Downstream Industry

Based on downstream industry the global market can be categorized into Female, Male.

• "Female": Methods and devices designed for girls to save you from being pregnant, which include drugs, patches, IUDs, and implants.
• "Male": Methods and devices designed for guys to prevent being pregnant, consisting of condoms and vasectomy procedures.

DRIVING FACTORS

"Increasing Awareness and Technological Advancements to Boost the Market"

One of the key driving factors in the global Contraceptive Drugs And Devices Market growth is the increasing awareness and technological advancements in urban areas. Growing awareness about reproductive health, own family plans, and the advantages of contraception is using demand. Education packages and public health campaigns are increasing information and decreasing the stigma associated with contraceptive use. Innovations in contraceptive technologies, including improved oral contraceptive tablets with fewer aspect consequences and more effective and longer-lasting implants.

"Social Norms and Global Population to Expand the Market"

Another driving factor in the global Contraceptive Drugs And Devices Market is the social norms and global population offered by these products. Evolving societal attitudes toward family planning and contraception are fostering more excellent attractiveness and usage of contraceptives. The need to manipulate the population boom and prevent unintentional pregnancies drives demand for robust family-making plans and answers. As the worldwide population keeps an upward thrust, the need for on-hand and dependable contraceptive techniques becomes more crucial.

RESTRAINING FACTOR

"High Costs and Limited Access to Potentially Impede Market Growth"

One of the key restraining factors in the global Contraceptive Drugs And Devices Market is the high costs and limited access of these products. The cost of superior contraceptive methods, together with new and more effective capsules and devices, maybe a substantial barrier for people and healthcare systems. Inadequate healthcare infrastructure and constrained distribution networks in some developing regions restrict entry to contraceptive merchandise and academic resources.

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CONTRACEPTIVE DRUGS AND DEVICES MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the global Contraceptive Drugs And Devices Market share due to several factors. North America and Europe are the essential shareholder regions in the contraceptive capsules and gadgets market, pushed by advanced healthcare structures, excessive attention tiers, and tremendous government aid for reproductive fitness projects. The Asia-Pacific is likewise experiencing enormous growth because of growing healthcare admissions and rising demand for contraceptive solutions.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key industry players who pressure innovation and market dynamics extensively shape the contraceptive capsules and devices market. These central agencies are regarded for their vast global networks and strong market presence, which decorate their ability to supply a wide range of contraceptive products. They continuously invest in research and development to introduce new and advanced contraceptive answers, catering to numerous customer needs. The efforts of those significant gamers are crucial in influencing marketplace tendencies, regulatory developments, and customer options, thereby shaping the market's competitive landscape and growth trajectory.

"List of Market Players Profiled"

• Pfizer, Inc (U.S.)
• Church & Dwight Co. Inc (U.S.)
• Cooper Surgical, Inc (U.S.)
• Merck & Co. Inc (U.S.)
• Teva Pharmaceutical Industries Ltd (Israel)
• Mayer Laboratories, Inc (U.S.)
• Allergan plc (Ireland)

INDUSTRIAL DEVELOPMENT

"June 2024": Bayer AG, a global pharmaceutical company, added a new hormonal intrauterine tool (IUD) with superior efficacy and extended length of action. This product offers ladies an extended-lasting and more dependable contraceptive option.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.