What's driving the Contraceptive Pills Market Growth? Prominent Players: Janssen Pharmaceutical Company, Piramal Enterprises, bAllergan, plc, Mylan N.V., Pfizer, Inc., Bayer AG, Teva Pharmaceutical Industries, HLL Lifecare Limited, Merck & Co., Inc.

The global "contraceptive pills market" size is projected to reach USD 20.55 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. High degree of unfulfilled contraceptive needs in rural areas in emerging economies is expected to be one of the key drivers for the growth of this market. Data gathered under the Demographic and Health Surveys (DHS) conducted between 2005 and 2014 in 52 developing countries revealed that around 8% to 38% of married rural women, aged between 15 and 49 years, faced unmet contraceptive needs. The main reason for this gap is the lack of accessibility and local availability of birth-control pills in these areas. To counter this, governments in many developing and underdeveloped countries are taking efforts to make these modern day medications more accessible and affordable to the rural populace. This will effectively accelerate the oral contraceptives market growth during the forecast period.

Leading Players operating in the Contraceptive Pills Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Janssen Pharmaceutical Company
Piramal Enterprises
Allergan, plc
Mylan N.V.
Pfizer, Inc.
Bayer AG
Teva Pharmaceutical Industries
HLL Lifecare Limited
Merck & Co., Inc.
others

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Increasing Popularity of Advanced Contraceptives to Propel the Market in North America

North America is slated to dominate the contraceptive pills market share, since the region generated USD 4.09 billion in revenue in 2018. The primary reason for this is the rising uptake of short-acting reversible contraceptives in the U.S. and patient-friendly reimbursement policies for oral birth-control pills. Europe will emerge as the second leading region in this market, led by France which has the highest birth rate in the region. Better reimbursement policies will also bode well for the market in Europe. Asia-Pacific will record the fastest growth owing to rising number of awareness drives conducted by the government and NGOs. In Latin America, the Middle East, and Africa, increasing presence of big pharmaceutical companies and growing literacy rates will drive the market in these regions. 

Market Segmentation:

By Type

Combines Contraceptives Pills
Progestin-only Pills
By Distribution Channel

Hospital Pharmacy
Retail Pharmacy
Clinics
Online Channel
Public Channel & NGOs
Others
By Geography

North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia-Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa ( South Africa, GCC, and Rest of Middle East & Africa)

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Reasons to Purchase this Report:

Comprehensive analysis of the Contraceptive Pills Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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KEY QUESTIONS ANSWERED:

What are the key technological and Contraceptive Pills Market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
Why Choose Fortune Business Insights?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Contraceptive Pills Market growth?

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