Homecare Segment to Dominate Europe Contraceptives Market during 2021–2028

According to a new market research study on “Europe Contraceptives Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, End User, and Distribution Channel” is expected to reach US$ 7,321.42 million by 2028 from US$ 5,573.28 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the Europe contraceptives market along with the drivers and restraints pertaining to the market growth. Surge in product innovations and launches is the major factor driving the growth of the Europe contraceptives market. However, issues associated with the lack of adoption in low-income countries hinder the growth of Europe contraceptives market.

The market for Europe contraceptives market is segmented into product, end user, and distribution channel, and country. Based on product, the market is segmented condoms, intrauterine product (IUDs), vaginal rings, implants, patches, diaphragms, emergency contraceptives, sponges, and others. The condoms segment dominated the market in 2020 and intrauterine product (IUDs) segment is expected to be the fastest growing during the forecast period. Further, the condoms segment has been bifurcated into female condoms and male condoms. Similarly, the intrauterine product (IUDs) segment is bifurcated into hormonal IUDs and copper IUDs. Based on end user, the market is segmented into home care, and hospitals and clinics. The home care segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on distribution channel, the market is segmented into retail pharmacy, online pharmacy, and hospital pharmacy. The retail pharmacy segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the market has been segmented into Germany, UK, France, Italy, Spain, Ukraine, Estonia, Bulgaria, Lithuania, Romania, Georgia, and the rest of Europe.

The high impact of the COVID-19 pandemic on reproductive health patients is high in terms of anxiety, fear, and psychological distress. Among all European countries, Spain, Italy, Germany, France, and the UK are most affected due to the increasing number of coronavirus cases and deaths associated with it. As per the Worldometer as of March 22, 2021, in Spain, Italy, Germany, France, UK and Netherlands, Belgium, and Luxembourg, the number of cases is 3,212,332, 3,376,376; 2,670,000; 4,282,603; 4,296,583; 1,201,545; 837,006; 59,416; respective and number of deaths are also high. WHO/Europe has assisted countries in developing an evidence-based approach to family planning and the introduction and adaption of WHO guidelines. This was done in collaboration with the United Nations Population Fund (UNFPA), the International Planned Parenthood Federation (IPPF), the European Network, the European Society of Contraception and Reproductive Health (ESC), the United States Agency for International Development (USAID) and other organizations. Lockdown took measures in Europe to respond to COVID-19 and imposed major disruptions to contraceptive supply chains. Moreover, according to BBC report of October, 2020, the sale of Durex jumped when social-distancing rules were relaxed in the summer, and also stated that, 2020 has been an extraordinary time for condom manufacturer and contraceptives business. The companies have seen, customers taking time to truly invest in their mental and sexual wellbeing. Therefore, in the long run the market has strong potential to boost the growth rate as Europe is the most populated region in the world and where a large number of condoms is being used in lockdown.

Bayer AG; Church & Dwight, Inc.; CooperSurgical (Cooper Companies, Inc.); HLL Lifecare Limited; and Merck & Co., Inc. are among the leading companies in the Europe contraceptives market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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