India Contraceptive Devices Market Size

India Contraceptive Devices Market Analysis

The Indian Contraceptives Devices market is projected to grow at a CAGR of 7.42% during the forecast period.

COVID-19 had a significant impact on the growth of the market. The sales of contraceptive devices dropped notably due to the strict lockdown regulations, which also halted the sales of contraceptive devices. According to a report by the Condom Alliance 2020, condom sales in the country fell 48 % during the lockdown period in 2020, with a projected full-year decline of 35% for FY2021. Thus, COVID-19 had a significant impact on the market. However, the relaxation of the lockdown restrictions restored the normal supply chain functioning of the contraceptive device. This is expected to contribute to the market's growth over the coming five years.

The key factors leading to the development of the contraception industry in India are the imperative of reducing unplanned pregnancies and their consequences. One of the major drivers for this demand is the need to prevent unwanted pregnancies, particularly among teenage women. According to the NCBI article published in October 2021, untended pregnancy in India was 11.9%. Additionally, the article published in Tatsat chronicle in April 2022 mentioned that one in seven unwanted pregnancies occur annually in India. Thus, India's rising number of unintended pregnancies is expected to boost the market for contraceptive devices.

Furthermore, the launch of innovative product lines by the market players also propels the market's growth. For instance, in September 2021, Durex launched one of the first-ever "Made for India" innovations with Durex Extra-Thin Flavoured Condoms. This is one of Durex's most customer-focused innovations in the flavored condom category.

However, the side effects associated with using contraceptives and the high cost of treatment may impede the market's growth.