Contraceptive Drugs Market Predicted to Reach $24.42 Bn by 2027, Sector to Grow at a CAGR of 6.9% | Bayer AG, Pfizer Inc., Merck & Co., Inc., Allergan plc

The global Contraceptive Drugs Market was pegged at $14.32 billion in 2019, and is anticipated to garner $24.42 billion by 2027, manifesting a CAGR of 6.9% from 2020 to 2027. Key Takeaways: The global contraceptive drugs market is expected to continue to grow, driven by factors such as increasing awareness of contraception, rising demand for family planning services, and technological …

Contraceptive Drugs Market Growth, Trends, Covid-19 Impact, Industry Forecast 2022-2027

Surge in need for preventing unwanted pregnancy, rise in awareness for contraceptives across the world, increase in usage of oral contraceptives as a preferred method to avoid unplanned pregnancy, upsurge in government and NGO initiatives promoting contraceptives, and mounting awareness about STDs drive the growth of the global contraceptive drugs market. On the other hand, …