The Female Contraceptive Market is expected to register a CAGR of 8.5% during the forecast period. The major factors propelling the growth of the market include the increasing incidence of the STD, an increasing rate of unintended pregnancies, and the rise in government initiatives.

It has been observed that teenage pregnancy numbers are the highest in Western Europe. Preventing teen pregnancy is generally significant among policymakers and the public because of its high economic, social, and health costs for parents and their families. In Europe, Britain has the highest number of abortions and a majority of this is contributed by teenagers. Thus, government initiatives are also promoting the use of contraceptives to avoid unnecessary births.

Furthermore, according to the World Fertility and Family Planning 2020 report, estimates that currently, contraceptive use ranges from around 60% in Latin America and the Caribbean, Eastern and South-Eastern Asia, Europe and Northern America, and Australia and New Zealand, to under 50% in Central and Southern Asia (44.8%), Northern Africa and Western Asia (35.1%), sub-Saharan Africa (34.1%) and Oceania (30.7%). Hence, owing to above factors, it is expected that there will be an increase in the demand for female contraceptive products, which will ultimately drive the market.

Key Market Trends

Oral Contraceptives Segment is Expected to Hold a Major Market Share in the Female Contraceptive Market

Oral contraceptive pills are seen as the easiest method of contraception in the industry. They act by prohibiting implantation within the uterus if taken within 2-3 days of having unsafe sexual contact. The simplicity of their usage makes them an ideal contraceptive in the market. These are easily marketed across large regions by global companies and thus easily consumed by a large section of the population, globally. These factors are expected to contribute to the growth of the market over the forecast period. The other forms of contraceptive drugs, such as topical and injectable contraceptives have also witnessed a strong market demand.

Furthermore, according to the World Fertility and Family Planning 2020 report, globally in 2019, about 49% of all women in the reproductive age range (15-49 years) were using some form of contraception compared to 42% in 1990. Thus, owing to the above factors the segment is expected to show growth over the forecast period.

North America has been Reported with the Largest Share and Consistent Growth over the Forecast Period.

North America is expected to register high growth, owing to the presence of sophisticated healthcare infrastructure, the high adoption rate of contraceptive drugs, and the rising number of government initiatives that help in increasing the overall market. A large section of the women population represents the reproductive age in the United States as well as Canada. With that, a significant size of the population is at risk of unintended pregnancy, as their partners do not use a contraceptive method, correctly and consistently. The awareness regarding these products is also high with considerable support being provided by several hospitals to control the patients affected by its misuse.

As per the Centers for Disease Control and Prevention (CDC), in 2018, it was estimated that about 3,791,712 babies were born in the United States, with a birth rate of 11.6 per 1,000 population. Moreover, the distribution channel of several companies is well established across the United States and Canada, which overall drives the market and contributes to the largest share, over the forecast period.

Competitive Landscape

The Female Contraceptive Market is fragmented competitive and several global, as well as local players, are involved in this market. As the concern of unwanted pregnancy is rising in various countries across the globe, there is a great opportunity for companies to grab the significant market share. In the near future, it is expected that new companies will be entering the market with cost-effective drugs or devices and these companies may pose a strong competition to the current market players.

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