Contraceptive Drugs Market Report 2023: Rising Consumer Consciousness around Family Planning Fuels Growth [Daily Finance]
AbbVie Inc. (ABBV)
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Source: Daily Finance
The global contraceptive drugs market size reached US$ 15.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 20.8 Billion by 2028, exhibiting a CAGR of 5.6% during 2022-2028. Contraceptive Drugs Market Trends: One of the key factors driving the global contraceptive drugs market is the rising consumer consciousness regarding family planning, the increasing population, and the rising instances of unintended pregnancies. In line with this, the shifting inclination of healthcare practitioners toward modern contraceptive methods over conventional procedures, owing to their multiple benefits, including optimal safety, and better clinical outcomes, are acting as another growth-inducing factor. Additionally, the frequent approvals of novel medications by several regulatory bodies, such as the food and drug administration (FDA), are supporting the market growth. Moreover, the advent of gelatin capsules and non-hormonal vaginal gels that create an inhospi
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