Contraceptives Market size was over USD 29.44 billion in 2024 and is projected to cross USD 64.16 billion by the end of 2037, witnessing more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of contraceptives is estimated at USD 30.9 billion.
The rising need for effective family planning and government initiatives and support to raise awareness about birth control is estimated to have a positive impact on market growth. In 2020, the U.S. government invested about USD 600 million to enhance family planning and provide reproductive health services across the world.
In addition to the aforementioned factors, the rising focus on preventing unintended pregnancy is anticipated to boost the market growth of the global contraceptives market. As per the estimations, about half of all pregnancies occurring in the world are unwanted i.e., nearly 120 million pregnancies every year are unintended. Moreover, increased awareness about health issues associated with teenage pregnancies and high abortion rates among the population are other factors that are projected to create a positive outlook for market expansion. Also, the increase in participation of reproductive women in the labor force, the implementation of programs at reducing unwanted pregnancies, and the high number of women with unmet contraceptive drugs and devices are other factors that are expected to boost the expansion of the market size. Furthermore, the growing prevalence of sexually transmitted diseases (STDs) is also anticipated to increase the sales of contraceptives in the upcoming years.
Author Credits: Radhika Pawar
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