Press release
Oral Contraceptive Pills Market Report, Size, Share, Insights - Bayer AG, Syzygy Healthcare, Mankind Pharma Ltd & Pfizer Inc.
The Global Oral Contraceptive Pills Market is projected to grow at a compound annual growth rate (CAGR) of 6% during the forecast period of 2024-2031.Oral Contraceptive Pills are medications taken by mouth to prevent pregnancy. They typically contain synthetic forms of hormones, such as estrogen and progestin, which work by inhibiting ovulation, thickening cervical mucus to block sperm, and altering the uterine lining to prevent implantation. Oral contraceptive pills are commonly used for birth control but may also be prescribed to regulate menstrual cycles, reduce menstrual cramps, and manage conditions like acne or polycystic syndrome (PCOS).
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Market Dynamics:
Women are frequently using oral contraceptive pills to prevent unintended pregnancies.
Women are increasingly delaying motherhood to prioritize their careers and ensure job security, while factors such as the rise in unstable relationships and the high costs of raising children also contribute to the decision to postpone pregnancy. This trend is significantly fueling the growth of the oral contraceptive pills market. However, in emerging countries, the supply of contraceptives often falls short of the growing demand. In regions like Africa, the need for contraceptives is further underscored by the prevalence of diseases such as HIV, where pregnancy prevention becomes essential. Consequently, net sales of contraceptive pills in these countries are expected to drive market growth during the forecast period.
Research from the University of California, San Francisco (UCSF), shows that undesired pregnancy and abortion rates decrease significantly when women receive a one-year prescription of oral contraceptives. According to the World Health Organization, 74 million women in low- and middle-income countries experience unplanned pregnancies annually. WHO research also found that 4,794 women had unintended pregnancies after discontinuing contraceptive use, highlighting the need for reliable birth control to prevent undesired pregnancies, which is a key driver of the oral contraceptive pills market.
The urgent need to curb population growth is another factor driving market expansion. According to the United Nations Department of Economic and Social Affairs, the world population is projected to reach 8.6 billion by 2030 and 9.8 billion by 2050, raising concerns about socio-economic imbalances, particularly in developing countries. Governments worldwide are implementing proactive measures related to family planning and contraceptive use to prevent accidental pregnancies and manage population growth, positioning the contraceptive pills market for significant growth. Additionally, the increasing prevalence of teenage pregnancies, especially in the U.S., has emerged as a crucial factor contributing to the market's expansion.
Market Segmentation:
By Type: Combination, Progestin-Only, Others.
By Category: Branded, Generics, Stem cell.
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Clinics, Others.
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Major Key Players:
• Teva Pharmaceutical Industries Ltd
• Bayer AG
• Syzygy Healthcare
• Mankind Pharma Ltd.
• Pfizer Inc.
• Piramal Enterprises Ltd.
• Ferring B.V
• Zizhu Pharmaceutical Co. Ltd
• Xi'an Julong Bio-Tech Co. Ltd.
• Beijing Union Pharmaceutical Factory
Product Portfolio:
Theramex is a London-based pharmaceutical company dedicated to women's health, offering a broad range of products that address key areas such as contraception, fertility, menopause, and osteoporosis. With a strong commitment to improving women's quality of life, Theramex provides innovative treatments and therapies tailored to the unique health needs of women at different stages of life. The company emphasizes research-driven solutions and aims to empower women by delivering safe and effective healthcare products that support reproductive health, manage menopausal symptoms, and enhance bone health. Through its extensive portfolio, Theramex continues to play a pivotal role in advancing women's healthcare globally.
Regional Analysis:
The global Oral Contraceptive Pills Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Oral Contraceptive Pills Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Related Reports:
Contraceptive Drugs Market: https://datamintelligence.com/research-report/contraceptive-drugs-market
Smart Pills Market: https://datamintelligence.com/research-report/smart-pills-market
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