Hormonal Contraceptive Market Expected to Reach $16,018 Million by 2023 with key players Reckitt Benckiser Plc., Warner Chilcott Company, BioSante Pharmaceuticals Inc., HLL Lifecare Limited, Boehringer Ingelheim GmbH, Watson Pharmaceuticals, Inc., V-Care

According to a new report published by Allied Market Research, titled, Hormonal Contraceptive Market by Product, Hormone, Age Group, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global hormonal contraceptive market accounted for $13,924 million in 2016, and is estimated to reach $16,018 million by 2023, registering a CAGR of 1.9% from 2017 to 2023. North America is the highest contributor in the hormonal contraceptive market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

Hormonal contraception acts on the endocrine system to prevent unwanted pregnancy. Synthetic forms of naturally occurring hormones such as progestin and estrogen are used to prevent ovulation and avoid fertilization. These forms of birth control methods also change the environment of the uterus, making it unfavorable for fertilization. Hormonal contraceptives are available in a variety of forms such as patches, pill, injection, and rings, which are safe and reliable forms of hormonal contraceptives to prevent pregnancy.

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In 2016, North America was the major revenue generator, owing to increase in awareness towards the benefits of using hormonal contraceptive, high prevalence of unwanted pregnancy, and favorable regulatory scenario. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, due to presence of populace countries such as India and China where there is greater need to control the growing population.

Key Findings of the Hormonal Contraceptive Market:

• Vaginal rings is projected to grow at the highest rate during the analysis period.

• North America dominated global hormonal contraceptive market in 2016, and is projected to continue its dominance in future.

• China is expected to grow at the highest rate in the Asia-Pacific region during the forecast period.

• Hospitals is the largest contributor among the end user segments in 2016.

• The 15-24 years age group segment generated the highest revenue, and is expected to continue its dominance in future.

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Combined hormonal contraceptive is the dominant segment in the hormonal contraceptive market, due to the wide availability of combined hormonal contraceptive along with better efficiency to prevent pregnancy.

Key players in the market:

•Reckitt Benckiser Plc.
• Warner Chilcott Company
• BioSante Pharmaceuticals Inc.
• HLL Lifecare Limited
•Boehringer Ingelheim GmbH
• Watson Pharmaceuticals Inc.
• V-Care Pharma Pvt. Ltd.
• Vardhman Life Care Pvt. Ltd.
• Cipla Limited

Table of content :

Chapter: 1: INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top Investment Pockets

3.3. Top Player Positioning, 2016
3.4. Porter’s Five Forces Analysis
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Rise in need for preventing unwanted pregnancy
3.5.1.2. Increasing awareness for contraceptives worldwide
3.5.1.3. Rising usage of oral contraceptives as a preferred method to avoid unplanned pregnancy
3.5.1.4. Technological advancements in contraceptive methods
3.5.1.5. Upsurge in government and NGO initiatives promoting contraceptives

3.5.2. Restrains

3.5.2.1. Health risks associated with the use of contraceptive methods
3.5.2.2. Lack of social acceptance

3.5.3. Opportunities

3.5.3.1. Rise in disposable income and demand for healthy life in emerging economies
3.5.3.2. Presence of large unmet contraceptive needs in emerging Asian and African economies

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