The global demand for Hormonal Contraceptives Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Hormonal contraceptives are common methods of birth control. It contains man-made estrogen and progesterone in small amounts. The main purpose of hormonal contraceptives is to disrupt normal hormone balance, suppress ovulation and prevent pregnancy. Hormonal contraceptives come in various forms, namely vaginal ring, hormone-releasing contraceptive coils, skin patches and birth control pill. It is also used to manage polycystic ovary syndrome (PCOS) and is safe and reliable. Hormonal contraceptives are categorized as combination hormonal contraceptives and progestin-only contraceptives. Combined hormonal contraceptives are high in demand due to better efficacy and availability. Distribution channels include gynecology centers, ambulatory surgical centers, hospitals, clinics, and home care.
Market Dynamics
Increasing awareness related to the use and benefits of hormonal contraceptives, especially in emerging economies, and increasing incidence of unwanted pregnancies are acting as key drivers for global hormonal contraceptive market growth. Other factors that contribute to its market growth are unstable relationships, women opting to prioritize their careers, the increasing number of menstruating population, and the need for controlling population growth. Furthermore, partnerships between companies for R&D to develop hormonal contraceptives with better efficacy and government awareness programs related to sexual health are likely to fuel market growth. However, the side effects of hormonal contraceptives, availability of hormone-free contraceptives, preference for biologics, and lack of social acceptability are restraining hormonal contraceptive market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hormonal contraceptives. The growth and trends of hormonal contraceptives industry provide a holistic approach to this study.
Market Segmentation
This section of the hormonal contraceptives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Oral Contraceptive Pills
- Injectable Birth Control
- Emergency Contraceptive Pills
- Vaginal Rings
- Transdermal Patches
By Hormone
- Progestin-only Contraceptive
- Combined Hormonal Contraceptive
By Age Group
- 15-24 Years
- 25-34 Years
- 35-44 Years
- Above 44 Years
By End User
- Hospitals
- Household
- Clinics
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hormonal Contraceptives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hormonal Contraceptives Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hormonal contraceptives market include Female Health Company, Teva Pharmaceutical Industries Limited, Bayer AG, Pfizer, Inc., Mylan N.V., Johnson & Johnson, Ansell LTD., Mayer Laboratories, Merck & Co., Inc., and Church & Dwight, Co., Inc.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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