Report Overview

The South Korea contraceptives drug and device market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 7.8% during the forecast period.

Contraception is a way to prevent pregnancy. It is the intentional prevention of conception through the use of various devices, chemicals, drugs, or surgical procedures. There are many different types of contraception and some are more effective than others. Some, particularly Long-Acting Reversible Contraception are more than 99% effective at preventing pregnancy. Different methods suit different people. Choice of contraception may change depending on age and health status of individual.



Market Drivers

Factors attributing to the growth of contraceptive drugs and device market include the need to avoid unwanted pregnancies and their complications.

Increasing incidences of STDs and rapid population rise further propel the market drive. Potential non-contraception health benefits such as treatment for excessive menstrual bleeding, menstrual pain, and acne as reasons for use is another factor contributing to the growth of contraceptives market.

Major market restraints are religious and cultural oppositions in certain sectors of the society, lack of awareness, fear of side-effects and infertility.