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Oral Contraceptive Pills Market 2021 In Deep Analysis, Expert Reviews and Precise Outlook 2030
The Global Oral Contraceptive Pills Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Oral Contraceptive Pills market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.The global contraceptive pills market is expected to grow from $16.51 billion in 2020 to $18.36 billion in 2021 at a compound annual growth rate (CAGR) of 11.19%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $95.04 billion in 2025 at a CAGR of 7.63%.
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Top Companies in the Global Oral Contraceptive Pills Market: Teva Pharmaceutical Industries Ltd; Bayer AG; Syzygy Healthcare; Mankind Pharma Ltd.; Pfizer Inc.; Piramal Enterprises Ltd.; Ferring B.V; Merck & Co. Inc.; Johnson & Johnson; Lupin Pharmaceuticals Inc; V Care Pharma; HLL Life Care; Sopharma AD; Sanofi S.A
Market Overview:
The oral contraceptive pills market by type into combination, progestin only, others; by category into generic, branded; by distribution channel into hospital pharmacy, retail pharmacy, clinics, online channel, public channel and NGO, others.
The side effects associated with the use of contraceptive drugs are expected to hinder the growth of the oral contraceptive pills market over the forecast period. An oral contraceptive pill is a hormonal procedure to avoid childbirth. The side effects vary between people and the type of pill consumed. Breast tenderness, headaches, spotting, and nausea are some prominent side effects of oral contraceptive pills. Depo-Provera, an implantable contraceptive, is known to provide the most severe side effects. Research has indicated that Depo-Provera and Depo-SubQ Provera 104 can trigger bone mineral density loss. The U.S. Food and Drug Administration (FDA) attached strict notices to the injection kit saying Depo-Provera and Depo-SubQ Provera 104 could not be used for more than 2 years, attributing to their side effects. The notice also suggests that the use of these medications may increase the risk of osteoporosis and bone disorders later in life. Hence, the side effects associated with the use of contraceptive drugs hamper the growth of the oral contraceptive pill market.
In January 2020, Theramex, a specialty pharmaceutical company for women announced the acquisition of rights to Zoely, a patented oral contraceptive from Merck &Co for an undisclosed amount. This acquisition aids Theramex in global expansion and adding innovative treatment options for women to its portfolio. Merck & Co. is a US-based multinational pharmaceutical company that has oral contraceptives in its product portfolio.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Oral Contraceptive Pills market.
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