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Cutting-edge Exploration of the Oral Contraceptive Pills Market with Astounding Growth Projections till 2032 || Teva Pharmaceutical Industries Ltd., Bayer AG, Syzygy Healthcare
Oral Contraceptive Pills Market
The Business Research Company's Oral Contraceptive Pills Global Market Report 2023 identifies high incidence of unintended pregnancies is the major driver for the oral contraceptive pills market's growth in the forecast period. Unintended pregnancy is a pregnancy that is always unwanted, such as a pregnancy where no children have been planned. The University of California, San Francisco (UCSF) study shows that the rates of unwanted pregnancy and abortion declined substantially when women received a one-year prescription of oral contraceptives. According to the World Health Organization (WHO), 74 million women living in low-middle-income economies register unplanned pregnancies every year globally.
The global oral contraceptive pills market grew from $20.13 billion in 2022 to $21.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.35%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of oral contraceptive pills is expected to grow to $36.09 billion in 2027 at a CAGR of 13.68%.
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Major competitors in the oral contraceptive pills market are Teva Pharmaceutical Industries Ltd., Bayer AG, Syzygy Healthcare, Mankind Pharma Ltd., Pfizer Inc., Piramal Enterprises Ltd., Ferring B.V, Merck & Co. Inc..
A key trend in the oral contraceptive pills market includes focusing on developing innovative solutions. For instance, in July 2022, HRA Pharma, a France based innovative healthcare company, developed an over the-counter birth control pill called ""Opill."" HRA Pharma has submitted an application to the Food and Drug Administration in the United States. Opil is a progestin-based contraceptive that helps people access contraception without facing any difficulty.
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The oral contraceptive pills market is segmented -
1) By Type: Combination, Progestin Only, Other Types
2) By Category: Generic, Branded
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel And NGO, Other Distribution Channels
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the oral contraceptive pills market.
The Business Research Company's "Global Oral Contraceptive Pills Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oral Contraceptive Pills Market Include:
1. Executive Summary
2. Oral Contraceptive Pills Market Characteristic
3. Oral Contraceptive Pills Market Trends And Strategies
4. Oral Contraceptive Pills Market - Macro Economic Scenario
5. Oral Contraceptive Pills Market Size And Growth
……………
27. Oral Contraceptive Pills Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oral Contraceptive Pills Market
29. Oral Contraceptive Pills Market Future Outlook And Potential Analysis
30. Appendix
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