Contraceptives Market - Forecast(2020 - 2025)
Contraceptives Market Overview: According to the Guttmacher Institute Organization, an estimated 44% of pregnancies globally were unintended and 56% of unwanted pregnancies ended in abortion at the initial phase of this decade. Such peculiar cases amalgamated with increasing instances of sexually transmitted diseases (STIs) are significantly boosting the contraceptives market. As per the WHO, more than 1 million STIs are acquired every day globally, and 988,000 pregnant women were infected with syphilis (a form of STI) in 2016, resulting in over 200,000 stillbirths and newborn deaths. All these factors coupled with rapidly increasing global population and governmental measures to counter population tumor are propelling contraceptives market growth. The global contraceptives market is estimated to be around $20 billion-$21 billion as of 2018. Increasing awareness among women in developed as well as rural areas of developing countries such as India and Africa regarding HIV, STIs, fert