Press release
Global Hormonal Contraceptive Market: By Method: Pills, Intrauterine Devices (IUD), Injectable, Vaginal Ring, Implant, Patch; Regional Analysis; Historical Market and Forecast (2022-2032); Market Dynamics: SWOT Analysis, Porter's Five Forces Analysis, EMR
Report OverviewThe global hormonal contraceptive market size was valued at USD 16.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.29% over the forecast period. The drivers driving the industry's growth are expanding consumer knowledge of hormonal contraception methods in emerging economies, rising major player spending in the R&D of innovative contraceptive devices, and supportive government actions to expand access to contraceptive products. Growing public awareness of the range of alternatives available to prevent pregnancy is anticipated to accelerate market growth.
Growing government-supported measures to enhance access to preventives, increased research and development spending by prominent players, and rising awareness of hormonal preventive approaches in emerging markets are key drivers promoting the industry's growth. Significant growth is anticipated during the predicted period due to the prominence of new technologies and healthcare expenditure in Europe. Additionally, it is projected that throughout the course of the forecast period, the number of new product launches, the economy, and the pharmaceutical industry would all develop rapidly together with a sizable number of targeted people in the Asia Pacific.
Competitive Insight
Ansell ltd, Abbvie Inc, Afaxys inc, Agile Therapeutics, Bayer AG, Pfizer, Inc., Co,Inc, Janssen Pharmaceuticals Inc., Lupin Pharmaceuticals Inc., Mylan N.V., Mayer Laboratories, Merck & co,Inc, Organon Group of companies, Pregna International Ltd, and The Female Health Company are some of the major players operating in the global market.
Hormonal Contraceptive Market Trends:
The growing public awareness of family planning is the main factor driving the global market for hormonal contraceptives. This has made it more important than ever to stop unplanned pregnancies, particularly among young couples. Additionally, the use of contraceptives is encouraged by the large growth in health problems linked to teenage pregnancies and their accessibility. Governments from various nations are also implementing a number of efforts to encourage and enhance access to these products by encouraging cost-effective and top-notch healthcare services. In addition, the development of novel goods including hormonal patches, implants, intrauterine devices, and drug-device combo products has been facilitated by improvements in the healthcare sector. These devices are more effective at preventing pregnancy with less adverse effects, which is positively affecting the growth of the market.
Hormonal Contraceptive Market Scope and Market Size
The market for hormonal contraceptives is divided into many categories based on the product, hormone, age range, gender, and end user. The development of these segments will assist you in analysing the industries' modest growth sectors and will give users useful market overview and industry insights to aid in the selection of key market applications.
On the basis of product, the hormonal contraceptive market is segmented into combined oral contraceptives, oral, contraceptives, implanted contraceptives, injected contraceptives, intrauterine, transdermal patch, vaginal ring.
On the basis of hormone, the hormonal contraceptive market is segmented into androgens, estrogens, progestogens, antiandrogens, gonadotropins, others.
On the basis of age group, the hormonal contraceptive market is segmented into 15-24 years, 25-34 years, 35-44 years, above 44 years),
On the basis of gender, the hormonal contraceptive market is segmented into male and female.
On the basis of end user, the hormonal contraceptive market is segmented into hospitals, homecare, clinics, gynecology centers, ambulatory surgical centers (ASC).
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Key Market Segmentation:
Global Hormonal Contraceptive Market: By Types
Oral Contraceptive Pills
Injectable Birth Control
Emergency Contraceptive Pills
Vaginal Rings
Transdermal Patches
Global Hormonal Contraceptive Market: By Applications
Hospitals
Household
Clinics
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Global Hormonal Contraceptive Market: Top Key Players
Ansell Limited
Bayer AG
Church and Dwight Co
Johnson and Johnson
Mayer Laboratories
Merck and Co
Mylan N.V.
Pfizer
Teva Pharmaceutical Industries
Johnson and Johnson
Mayer Laboratories
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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Frequently Asked Questions About This Report
• How big is the hormonal contraceptive market?
• What is the hormonal contraceptive market growth?
• Which segment accounted for the largest hormonal contraceptive market share?
• Who are the key players in the hormonal contraceptive market?
• What are the factors driving the hormonal contraceptive market?
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