Contraceptive Drugs Market Size, Share, Growth, Demand Analysis 2023

How Big is The Contraceptive Drugs Market?

The global contraceptive drugs market size reached US$ 15.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

What are Contraceptive drugs?

Contraceptive drugs represent birth control medications that are exclusively prepared to inhibit pregnancy and control the birth rate. They are available in various product categories, such as oral pills, injectables, topical solutions, etc. These contraceptive drugs are synthetically formulated using two female hormones, which include estrogen and progestin, that prevent ovulation, thicken cervical mucus, or alter the womb lining to restrict the entrance of sperm into the cervix for implantation and fertilization. They prove highly effective in lowering the risks of ovarian cancer, bone thinning, infections in the fallopian tubes and uterus, acne, and premenstrual syndrome (PMS). Consequently, contraceptive drugs are administered by healthcare practitioners to avert unwanted pregnancy amongst women of childbearing age.

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Contraceptive Drugs Market Trends and Drivers:

The expanding population, the elevating consumer consciousness regarding family planning, and the rising instances of unintended pregnancies are primarily driving the contraceptive drugs market. Furthermore, the shifting preferences among healthcare practitioners toward modern contraceptive procedures over conventional ones, on account of their multiple benefits, including optimal safety and enhanced clinical outcomes, are acting as significant growth-inducing factors. Besides this, the increasing rates of approvals of novel medications by several government bodies are also positively influencing the global market. Moreover, the launch of non-hormonal vaginal gels and gelatin capsules that create an inhospitable environment for sperm to sustain by maintaining vagina pH levels is further catalyzing the market growth. Apart from this, the inflating investments in research and development (R&D) activities and the introduction of numerous initiatives by non-governmental organizations (NGOs) and health agencies to sensitize consumers about women's health, sexual wellness, and contraception techniques are expected to propel the contraceptive drugs market in the coming years.

Contraceptive Drugs Market Analysis and Segmentation:

Competitive Landscape:

AbbVie Inc., Afaxys Inc., Agile Therapeutics, Amneal Pharmaceuticals Inc., Bayer AG, Johnson & Johnson, Mithra Pharmaceuticals SA, Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd. and Viatris Inc.

The report has segmented the market on the basis of product, age group and distribution channel.

Breakup by Product:

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Breakup by Region:

Key highlights of the report:

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