Press release
Hormonal Contraceptives Market Trends, Strategies, Size, Share And Analysis 2024-2033
Hormonal Contraceptives Market
The Business Research Company presents an extensive market research report on the Hormonal Contraceptives Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The hormonal contraceptives market size has grown steadily in recent years. It will grow from $13.96 billion in 2023 to $14.28 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to government initiatives, increase in use of contraceptives, increase in pharmaceutical r&d expenditure, increased healthcare expenditure and growth in the number of healthcare facilities.
The hormonal contraceptives market size is expected to see steady growth in the next few years. It will grow to $15.57 billion in 2028 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to the increasing awareness on family planning, increasing research and development spending, rise in healthcare expenditure, increasing collaborations between agencies. Major trends in the forecast period include investing in longer lasting vaginal rings, investing in ai solutions to improve medication adherence, launching new innovative products, investing in environmental friendly estrogen profile, investing in improved progestogen only birth control pills, continue to investing in long-term delivery drugs systems.
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Key Market Players:
Major companies operating in the heavy and civil engineering construction market report are China Railway Construction Corporation Limited, China Railway Group Ltd., China Communications Construction Co. Ltd., China State Construction Engineering Co. Ltd., Power Construction Corporation of China, Vinci S.A., Bouygues S.A., Strabag SE, Skanska Group, Bechtel Corporation, Anant Raj Industries Limited, B Seenaiah & Company (Projects) Ltd (BSCPL), Consolidated Construction Consortium Ltd (CCCL), East Coast Constructions and Industries Ltd, Lendlease Group, Laing O'Rourke Australia, Zeppelin GmbH, SGS, Interconstruct, Anker Hansen & Co. A/S, Christiansen & Essenbæk A/S, C.C. Contractor A/S, EKE-Construction Ltd, Colas Group, Eiffage Construction, Bauer Group, Bennett Construction Limited, Collen Construction Limited, Casais Group, Balfour Beatty, Interserve, Morgan Sindall, Roads Of Russia, Llc Aecon, Altaca, Enka, Magnet Construction Company, Renaissance Construction, Esta Construction, Etalon Group, Llc Stroygazmontazh, Fluor Corporation, Granite Construction, Kiewit Corporation, The Walsh Group Ltd, Conestoga-Rovers & Associates (CRA), MTC Canada Inc., Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, Gilbane Building Company, McCrory Construction Company, Redcon Construction Company, Alex Group, Amer Group, Palm Hills Developments, Al-Ahly Developmental Habtoor Group Llc, Al-Naboodah Constructing, Arabian Construction Company, Electra Ltd, Shikun & Binui Ltd, Mekorot Water Company Ltd, Danya Cebus Ltd, Ashtrom Group Ltd, Saudi Bin Ladin Group, Al-Rashid Trading & Contracting Co, Al Ayuni Investment & Contracting Co., Al Harbi Trading & Contracting Co, Arabian Bemco Contracting Co., Landmark Holdings Ltd, Epco Builders Limited, Laxmanbhai Construction Ltd, Parbatsiyani Construction Ltd, Put Sarajevo, Intex Construction, Berger Nigeria Plc, Reynolds Construction Company, Thabimndeni Construction & Projects CC, Orascom Contstruction, Lubrik Construction Company
Market Drivers:
The increased awareness about hormonal contraceptives has contributed to a more informed and empowered population, allowing individuals to make choices that align with their reproductive goals and lifestyles. As individuals become more informed about contraceptive options, they are empowered to make better decisions regarding their reproductive health, which, in turn, leads to increased adoption of hormonal contraceptives that align with their family planning and lifestyle preferences. For instance, in September 2023, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, in 2022, the estimated global prevalence of contraception, including any method, accounted for 65%, while the prevalence of modern contraceptive methods was reported at 58.7% among married women in a union. In addition, the demand for family planning among women has risen from 900 million to nearly 1.1 billion in 2021, and the global satisfaction rate for the use of modern family planning methods among women aged 15-49 will be 77.5% in 2022. Elevated awareness regarding the advantages and utilization of contraceptives significantly propels the hormonal contraceptives market.
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https://www.thebusinessresearchcompany.com/report/hormonal-contraceptives-global-market-report
The hormonal contraceptives market covered in this report is segmented -
1) By Product : Pills, Injectable Birth Control, Vaginal Rings, Others
2) By End User : Hospitals, Homecare Settings, Gynecology Centers, Clinics, Ambulatory Surgical Centers
3) By Hormones : Progestin-Only, Combined Hormones
4) By Distribution Channel : Drug Stores, Gynecology/ Fertility Clinics, E-Commerce, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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