Contraception is more commonly known as fertility and birth control which are described as the methods to avoid pregnancy. These devices and drugs function by changing the mechanism of ovulation or by acting as a physical barrier between the sperm and ovum. Lack of contraception results in unwanted pregnancies and abortions which have an impact on healthcare costs. The provisions, planning and usage of contraceptives is known as family planning. The proper use of contraceptives such as female and male condoms also prevents the spread of sexually transmitted diseases.
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Family planning includes hormonal, barrier, sterilization and application of intra-uterine devices as methods for birth control. Apart from these there are also behavioral, dual protection and emergency controls available for prevention of pregnancy. The global market for contraceptives encompasses oral, vaginal, injectable contraceptive drugs and male/female contraceptive devices. These products are readily available at outlets ranging from pharmacies and chemists to reproductive health and fertility centers. All of the sexually active females within the childbearing age are at a risk of unwanted pregnancies due to unsafe sexual activity.
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The rapid rate of global population expansion poses a major cause for concern regarding birth control. This has resulted in an acute interest among the consumers to curb unplanned and unwanted pregnancies. Rising number of government initiatives directed towards curbing these unwanted abortion related expenses is the most significant driver of the global contraceptives market. Moreover, the presence of high contraception related needs of women (according to WHO the prevalence of women with unmet contraception needs was estimated at 200 million in 2011) and the rising global prevalence of sexually transmitted diseases also serves the market as a driver. The market for contraceptives is also influenced by political and social considerations. Owing to the transformations in regional demographics, cultural/sociological changes among nations and the constant rapid increase in the population world over combined with the global economic slowdown, the market for contraceptives is expected to witness a steady growth in demand throughout the forecast period.
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