The demand to control the ever-increasing population, worldwide alongside, the young demographics are changing the dynamics of the market. Teenagers are widely accepting contraceptives to enjoy the pleasure of intimate relationships. Additionally, government initiatives are supporting the market growth, promoting education, and the use of contraceptives for avoiding unwanted births.
According to Market Research Future (MRFR), the global Contraceptive Pills Market Share projected to grow steadily at around 2.2% CAGR throughout the forecast period (2016- 2022). The efficacy that contraceptive pills offer in birth controlling and family planning is a key driving force behind the growth of the market. Increasing government initiatives to control the birth rate is playing an important role in the growth of the contraceptives market.
On the flip side, the dangerous side effects of contraceptive pills are impeding the growth of the market, colossally. Also, cultural and religious dogmas hamper the growth of contraceptive pills market, especially in developing and under-developed countries. Nevertheless, government initiatives and family planning programs would support the growth of the market over the forecast period.