Report Overview
Indian Oral Contraceptives market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of 17% during the forecast period.
Oral contraceptives have been much less popularized in comparison to other contraceptive means. Oral contraceptive pills (OCPs) are an important contraceptive method in India due to provision of OCPs by frontline health workers. Despite the availability of community-based distribution of OCPs, OCP use in India remains low, at 8.6% of modern method use among married women using contraception in 2017. Currently married, nonpregnant women aged 15-49 years in India can be classified into 13 mutually exclusive groups on the basis of six characteristics of women-surviving children, household standard of living, religion, womens years of schooling, husbands education, and residence. The rising need for cost-effective and short-term contraception methods is projected to augment the growth of the oral contraceptives market growth in the forecasted period.
Market Drivers
The rising need for population control surge the market growth because of the governments efforts to control the population growth. The rising prevalence of unwanted pregnancy propelled the uptake of oral contraceptives in china. On account of the growing population various public and private partnerships are expected to have a favorable impact on sex education and contraceptive usage in the coming years. Also, significant unmet needs for contraceptives are expected to boost the market. The choices available for contraception depend on the availability and accessibility of local contraception methods. Additionally, rising awareness about the use of condoms to prevent spreading of Sexually Transmitted Infections (STIs), especially HIV, are also contributing towards the growth of the contraceptives market in India. Thus, a rising need for cost-effective and short-term contraception methods is projected to augment the growth of the oral contraceptives market growth in the forecasted period.
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