Contraceptives Market Is Expected To Reach $50.59 Billion By...| MENAFN.COM

Monday, 08 August 2022 01:43 GMT

Contraceptives Market Is Expected To Reach $50.59 Billion By 2030: Says AMR


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Portland, OR, June 27, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global contraceptives market generated $26.32 billion in 2020 and is projected to reach $50.59 billion by 2030, growing at a CAGR of 6.5% from 2020 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Rise in focus towards the need of family planning, increase in use of contraception among younger adults, rise in problems and health issues associated with teenage pregnancies, and rise in higher educational attainment are expected to drive the growth of the global contraceptives market. On the other hand, lack of social acceptance is expected to hinder the growth to some extent. However, rise in participation of reproductive women in labor force and rise in disposable income among people are expected to create ample opportunities for the growth of the industry.

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COVID-19 Scenario

  • The outbreak of COVID-19 has had a negative impact on the growth of the global contraceptives market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various manufacturing facilities including those of contraceptives, which decreased its demand during the pandemic.
  • This was majorly due to the stringent social distancing restrictions imposed by the government to curb the spread of the virus during the pandemic.
  • However, the market is expected to recoup soon.

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The report offers a detailed segmentation on the global contraceptives market based on product type, age group, end-user and region.

Based on type, the drugs segment held the largest market share in 2020, garnering more than two-thirds of the global market. The devices segment, on the other hand, is expected to cite the fastest CAGR of 6.8% during the forecast period.

Based on end-user, the households segment held the majority market share in 2020, holding nearly three-fourths of the global market. The hospitals segment, on the other hand, is predicted to cite the fastest CAGR of 7.4% during the forecast period.

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Based on region, the market across North America held the lion's share in 2020, garnering nearly one-third of the global market. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 7.0% during the forecast period.

The key players analyzed in the global contraceptives market report include Veru Inc., Teva Pharmaceutical Industries Limited, Abbvie Inc., Bayer AG, Pfizer, Inc., Cooper Companies, Inc., Ansell LTD., Mayer Laboratories, Merck & Co., Inc., and Church & Dwight, Co., Inc.

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences , Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Tags Contraceptives health issues reproductive women

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