Press release
Hormonal Contraceptives Market Future Scope (2020-2030) | Competitors Analysis and Growth Factors – Bayer AG, Merck & Co. Inc., Pfizer, Allergan, Afaxys Inc.
Hormonal Contraceptives Market
The global hormonal contraceptives market is expected to decline from $18 billion in 2019 to $14.4 billion in 2020 at a compound annual growth rate (CAGR) of -20.3%. The decline is mainly due to the disruption caused by the lockdown measure across various countries to contain COVID-19 spread. Currently there is less demand for genito-urinary drugs mainly as people are staying at home and are less likely to get exposed to factors that might cause genito-urinary infections, or other hormonal diseases caused by lifestyle changes or eating habits. The market is then expected to recover and grow at a CAGR of 3.6% from 2021 and reach $20.6 billion in 2023.
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The hormonal contraceptives market consists of sale of hormonal contraceptives and related services. Hormonal contraceptives are used as a birth control method that acts on the endocrine system of the human body.
The market for hormonal contraceptive drugs is restrained by the growing use of biologics in place of traditional chemical drugs. Biologics are the medicines containing one or more substances derived from a biological source like micro-organisms, animal cells or human cells. The ability to interact with specific targets puts these medicines above any other drugs, thus hampering the market of chemical hormonal contraceptive drugs.
Hormonal Contraceptives Market Segmentation: -
By Product
Oral Contraceptive Pills
Injectable Birth Control
Emergency Contraceptive Pills
Vaginal Rings
Others
By End users
Hospitals
Homecare Settings
Gynaecology Centers
Clinics
Ambulatory surgical centers
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Few Points From Table Of Content
1. Executive Summary
2. Hormonal Contraceptives Market Characteristics
3. Hormonal Contraceptives Market Size And Growth
4. Hormonal Contraceptives Market Segmentation
5. Hormonal Contraceptives Market Regional And Country Analysis
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.
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25. Hormonal Contraceptives Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Hormonal Contraceptives Market
27. Hormonal Contraceptives Market Trends And Strategies
28. Product Pipeline Analysis
29. Hormonal Contraceptives Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the Hormonal Contraceptives Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Hormonal Contraceptives Market are Bayer AG, Merck & Co. Inc., Pfizer, Allergan, Afaxys Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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