Global Contraceptive Devices Market Report and Forecast 2024-2032

Global Contraceptive Devices Market Outlook

The global contraceptive devices market size attained a value of about USD 11.57 billion in 2023. The market is anticipated to grow further at a CAGR of 6.6% during the forecast period of 2024-2032 to attain a value of USD 20.48 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Awareness Regarding the Importance of Contraception to Boost the Market Growth of Contraceptive Devices

The rise in challenges of obtaining abortions, high costs of child-rearing, busy lifestyles, active sexual lives, and the overall preference of avoiding unintended pregnancies, is driving the growth for the contraceptive devices market. The growing awareness regarding the existing alternatives for preventing unwanted pregnancies, especially among women, is also boosting the demand for contraceptive devices. The other key aspects propelling the market growth of contraceptive devices are the increasing healthcare expenditure, coupled with the rising inclination of consumers to prevent unexpected pregnancies.

Moreover, governments of both developed and developing countries are increasingly focusing on population management by spreading awareness and encouraging people to use contraceptive devices. Hence, they are initiating several campaigns and launching various policies/plans/programmes like ‘Mission Parivar Vikas’ in India, which are supporting the growth of the contraceptive devices market. The increasing accessibility to contraceptive devices among all socioeconomic classes, especially in low-income countries, is expected to fuel the market growth in the forecast period.

Market Segmentation

Contraceptive devices are different birth control tools used to prevent pregnancies, typically by implementing a mechanical barrier to conceptions. These devices act as a physical wall to prevent the sperm from entering the uterus, thereby preventing insemination. They can have short-term or long-term effectiveness, and range from one-time use items to devices that can be used multiple times.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major device types of contraceptive devices are:

• Vaginal Rings

• Diaphragms

• Condoms

• Cervical Caps

• Sponges

• Intra Uterine Device (IUDs)

• Others

The market can be broadly categorised, on the basis of end users, into:

• Male

• Female

Based on distribution channel, the market is categorised into:

• Retail Pharmacy

• Hospital Pharmacy

• Online Pharmacy

• Public Channel and NGO

• Clinics

• Others

The EMR report looks into the regional markets of contraceptive devices like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America to Hold a Substantial Share in the Market for Contraceptive Devices

The rapid urbanisation, increasing disposable income, and changing lifestyles, are some of the major aspects bolstering the market for contraceptive devices across North America. The growing healthcare system and rise in the adoption rate of contraceptive devices in the United States and Canada are supporting the growth of the contraceptive devices market in North America.

Meanwhile, the Asia Pacific region is expected to register a significant market share of contraceptive devices on account of the introduction of favourable initiatives by governments to boost the awareness regarding the importance of contraceptive devices and its effective usage during the forecast period.

Key Players in the Global Market for Contraceptive Devices

The report presents a detailed analysis of the following key players in the global contraceptive devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Bayer AG

• Pfizer Inc.

• Janssen Global Services, LLC

• Teva Pharmaceutical Industries Ltd.

• Merck Sharp & Dohme Corp.

• Mylan N.V.

• Reckitt Benckiser Group plc.

• Veru Inc.

• Medisafe Distribution Inc.

• CooperSurgical, Inc.

• Devex

• Mayer Laboratories, Inc.

• Allergan plc.

• Agile Therapeutics

• HLL Lifecare

• ANSELL LTD

• Mankind Pharma

• TTK HealthCare

• Boehringer Ingelheim International GmbH.

• V-Care Pharma Pvt. Ltd.

• VARDHAMAN LIFECARE PVT LTD

• Cipla Inc.

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Contraceptive Devices Market Report Snapshots

Contraceptive Devices Market Size

Contraceptive Devices Companies