The contraceptives market in Peru, based on hormones or spermicides, saw steady growth from 2013 to 2023. Starting at $51.923 million in 2013, it experienced a consistent year-on-year increase, peaking at $85.166 million in 2023. The market showed an average annual growth rate (CAGR) of 3.52% over the last five years. Recent trends indicated a slight dip in 2022 (-1.6%), followed by a modest recovery in 2023 (3.15%).
Future trends to watch for include:
- Potential market saturation affecting growth rates.
- Influence of policy changes on contraceptive availability and usage.
- Technological advancements in contraceptive methods.
- Shifts in demographic and societal attitudes toward family planning.