The contraceptives market in Thailand, including hormone-based and spermicide products, saw a decline in per capita value from $1.33 in 2013 to $1.02 in 2023. The most recent year-on-year evaluations from 2022 to 2023 and from 2021 to 2022 show continuous declines, indicating a steady reduction in market size value per capita. Over the last five years, the Compound Annual Growth Rate (CAGR) reveals a consistent downward trend.
Future trends to consider include:
- Potential shifts in consumer preferences towards non-hormonal or alternative contraceptive methods.
- Impact of government policies or public health initiatives on contraceptive use.
- Socioeconomic factors influencing purchasing power and demand for contraceptives.