The UK Contraceptive Market size stood at USD xx million in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8.01% during the forecast period.
The UK contraceptives market is expected to have noticeable growth during the analysis period due to the new launch of new drugs and products, prevention of pregnancy, growing government steps taken for abortions, and growing awareness among people. In the UK, contraceptive usage is higher than the European average. In this country, contraceptive usage frequency is 81.3 compared to the European average of 69.2. Contraceptive’s devices have been barriers that attempt to prevent pregnancy by physically preventing sperm from entering the uterus. Contraception is more commonly known as fertility, and birth control is described as the method used to avoid pregnancy. They include male condoms, female condoms, cervical caps, diaphragms, and contraceptive sponges with spermicide. As per the data published by the Institute for Health Metrics and Evaluation, there was 8.50 million UK population were living with HIV/AIDS & sexually transmitted diseases in the year 2019. Thus, the increasing diseases have increased the demand for contraceptive devices that is likely to aid market growth.
Market Growth Drivers
The rising awareness in the regional population regarding contraception methods, investments by key players to develop innovative devices, and favourable government initiatives to improve access to products are the major factors accelerating the growth of the market.
In addition, rising the prevalence of sexually transmitted diseases and the growing need for population control fuelling the regional market growth. Thus, the increasing diseases have increased the demand for contraceptive devices that is likely to aid market growth. Moreover, initiatives by governments to raise awareness regarding contraceptives and family planning have also helped the growth of the market. However, side effects associated with the use of Contraceptive devices hinders the market growth.