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.
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Bayer AG; Cooper Companies, Inc.; Merck & Co., Inc; HLL Lifecare Limited; Church & Dwight, Inc.; Pregna International Limited; Mayer Laboratories, Inc.; Medicines360; Prosan International B.V.; and Cupid Limited are among the leading companies operating in the contraceptives market.
The growth of the contraceptives market is mainly attributed to the factors such as increasing rate of unwanted pregnancies and surge in product innovations and launches. However, lack of contraceptives adoption in low-income countries is projected to deter the market growth.
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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.
The report segments global contraceptives market as follows:
By Product
- Condoms
- Intrauterine Product (IUDs)
- Vaginal Rings
- Implants
- Patches
- Diaphragms
- Emergency Contraceptives
- Sponges
- Others
By End User
- Home Care
- Hospitals and Clinics
By Distribution Channel
- Retail Pharmacy
- Online Pharmacy
- Hospital Pharmacy
By Geography
- North America
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- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Georgia
- Ukraine
- Estonia
- Lithuania
- Bulgaria
- Romania
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
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