Market Size of North America Contraceptives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Contraceptives Market Analysis
The number of unwanted pregnancies is found increasing in the North American region, and it is a matter of serious concern all around the world. The increase in unwanted pregnancies has thus increased the usage of contraceptive devices in North America. Thus all these factors have been primary drivers for the growth of this market.
Moreover, initiatives by the government to raise awareness regarding contraceptives and family planning have also helped the growth of the market. As the right to obtain and use contraceptives is part of the fundamental right to privacy guaranteed by the United States Constitution. Thus, government initiatives are promoting the use of contraceptives to avoid unnecessary births. However, the side effects of contraceptive devices have been restraining market growth.