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US Contraceptive Market size was valued at USD 7.88 billion in 2021 and is poised to grow from USD 8.3 billion in 2022 to USD 12.15 billion by 2030, growing at a CAGR of 5.16% in the forecast period (2023-2030).

Attributed to the existence of multiple enterprises, the global market is very competitive. Most businesses are pursuing strategic initiatives, such as R&D spending, in order to produce innovative goods and acquire a competitive advantage over rivals. High expenditures by well-known corporations in the commercialization of effective and long-term reversible contraception have raised public awareness of these products. 'Bayer AG', 'Pfizer Inc.', 'Merck & Co., Inc.', 'Allergan plc', 'Teva Pharmaceutical Industries Ltd.', 'Mylan N.V.', 'Church & Dwight Co., Inc.', 'Reckitt Benckiser Group plc', 'CooperSurgical, Inc.', 'Medicines360', 'Agile Therapeutics, Inc.', 'Afaxys, Inc.', 'HRA Pharma', 'TherapeuticsMD, Inc.', 'Apothecus Pharmaceutical Corporation', 'Mayer Laboratories, Inc.', 'The Female Health Company', 'Lumara Health Inc.', 'Veru Inc.', 'The Population Council, Inc.'

The introduction of more effective male contraception products is expected to boost contraceptive sales. Female contraceptives are currently the market leaders, but male contraceptives will see increased demand due to the increased use of male condoms.

During the projection period, development, approval, and commercialization of novel, more effective, and long-acting reversible contraceptive techniques are likely to boost the market growth. Agile Therapeutics, for example, created Twirla, a hormonal patch that will be available in the United States in the fourth quarter of 2020. The availability of generic and low-cost medications and technologies has increased the need for contraception among teens. Furthermore, nonhormonal contraceptives are becoming increasingly popular in the United States since they reduce the danger of undesirable consequences linked with hormonal imbalance in the body. In 29 states, insurers must provide comprehensive coverage for FDA-approved contraceptive methods for women. Over-the-counter contraceptives are covered in 12 states; however, insurers may require a prescription from the beneficiary. In 20 states and the District of Columbia, insurers are required to cover a large number of contraceptives at once.

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US Contraceptive Market

Product ID: SQSG35I2042