Global Contraceptive Drugs Market Exhibits 5.8% CAGR Driven by Rising Awareness among Women | Fortune Business Insights

The rising prevalence of unwanted pregnancies is boosting the global contraceptive drugs market. In a report, titled “Contraceptive Drugs Market Size, Share and Global Trend By Product Type (Oral, Injectable, Patches), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel & NGOs) and Geography Forecast till 2025” Fortune Business Insights identifies various factors enabling growth in the market.

According to the report, the global contraceptive drugs market is anticipated to rise at 5.8% CAGR and reach a value of US$ 20,200.5 Mn by 2025 from US$ 13,097.7 Mn in 2017. Remarkably improving access to contraceptive pills around the world is a key factor propelling growth in this market.

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Global Contraceptive Drugs Market Report 2021 -2024 contains systematic and point to point information regarding to Contraceptive Drugs Industry. The report contains brief Introduction, Market analysis by types , applications and regions.Report also contains top Manufacturers Profiles (Name of the manufacturer, Business Overview, Type and Applications and Sales, Price, Revenue, Gross Margin and Market Share).Report also provide global and regional Sales Channel, Distributors, Traders and Dealers with Contraceptive Drugs Market Analysis Value And next four Years forecast value.

Global " Contraceptive Drugs Market " 2020 report includes the market strategy, market orientation, expertise opinion and knowledgeable information. Report provides market growth and Revenue, market share and size that helps to understand future prospects. The report also covers the current market information, porter's five forces analysis with threat of new entrants, threat of substitute products and services, key challenges, opportunities in Microbiome Therapeutics Industry.

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Rising Abortion Rates to Create Demand for Contraceptive Drugs

Under the Affordable Care Act (ACA) in the U.S., oral contraceptive pills are given free of cost to women in the U.S. Such regulations favor the growth of the contraceptive drugs market. Increasing government initiatives to reduce infant mortality due to early pregnancies will increase the demand for oral contraceptives. Contraceptive drugs not only help to control unwanted pregnancies but also reduce the number of abortion and complications associated with the procedure worldwide. As per the World Health Organization, there is an estimated 40 to 50 million abortions every year, corresponding to an approximate of 125,000 abortions per day. To avoid unwanted and unplanned pregnancies, an increasing number of women are opting for contraceptive drugs. This will in turn augment growth in the global market.

Contrary to this, the market for contraceptive drugs may face challenges posed by religious, ethical, and social barriers especially in more conservative regions. Social taboos often discourage the use of contraceptive drugs among women, subsequently adversely impacting the overall market.

Nevertheless, evolving lifestyle and rising awareness are enabling women mitigate aforementioned concerns, in turn supporting the expansion of the contraceptive drugs market. This, coupled with, government initiatives to create awareness around the world is expected to boost the global market in the coming years.

Government Initiatives to Promote Use of Contraceptive Medicines

Geographically, North America held dominance in the global contraceptive drugs market owing to the presence of leading players in the region. This, accompanied with easy availability of contraceptive drugs, has catapulted North America to the fore of the global market. However, Asia Pacific is most likely to emerge as the fastest growing region. This is owing to government initiatives adopted across emerging nations of this region. These initiatives are intended at promoting the use of contraceptive medicines as a convenient way of preventing unwanted pregnancy.

According to Fortune Business Insights, the global contraceptive drugs market has a highly fragmented vendor landscape. This is because of the presence of both regional and international players. Major players are focusing on expanding their footprint across the world to gain a strong foothold in the market. Manufacturers are also putting efforts to improve their product visibility especially in developing economies with new marketing strategies. This is likely to make the competition fiercer as manufacturers are investing huge sums into research and development.

Some of the players operating in the global contraceptive drugs market are

Agile Therapeutics
Teva Pharmaceuticals Industry
Bayer AG
Mylan
Lupin Pharmaceuticals Ltd
Janssen Pharmaceutical Company
Novartis AG
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Table Of Content

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Fertility Statistics - Key Countries, 2017
New Product Launch
Pipeline Analysis
Regulatory Scenario - Key Countries
Recent Industry Developments - Partnerships, Mergers & Acquisitions
Global Contraceptive Drugs Market Analysis, Insights and Forecast, 2014-2025
Key Findings/Summary
Market Analysis, Insights and Forecast – By Product Type
Oral
Combined Contraceptives
Progestin-only Pills
Injectable
Patches
Market Analysis, Insights and Forecast – By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Clinics
Online Channel
Public Channel & NGOs
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued….!

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