Press release
Emerging Trends Influencing The Growth Of The Hormonal Contraceptives Market: Low-Dose Oral Contraceptives Enhances Compliance And Reduces Side Effects
Hormonal Contraceptives Market Size
How Big Is the Hormonal Contraceptives Market Size Expected to Be by 2034?
The size of the hormonal contraceptives market has seen a slight uptick in recent years. Projected growth indicates an increase from $14.16 billion in 2024 to $14.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 1.9%. The enhanced growth during the historical period is linked to a range of factors including government initiatives, a rise in contraceptive usage, an augmentation in pharmaceutical research and development spending, increased healthcare expenditure, and an expansion in healthcare facilities available.
In the forthcoming years, the market size for hormonal contraceptives is projected to experience slight growth, reaching $15.53 billion by 2029, with a compound annual growth rate (CAGR) of 1.9%. Factors contributing to growth during the forecast period include increased awareness about family planning, heightened spending on research and development, rising healthcare expenditure, and expanding collaborations between agencies. Key trends throughout the forecast period consist of investments in long-lasting vaginal rings, advancements in AI solutions to enhance drug compliance, introduction of new innovative products, initiatives towards environmental-friendly estrogen options, enhancements in progestogen-only birth control pills, and sustained investments in long-term drug delivery systems.
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What Are the Emerging Segments Within the Hormonal Contraceptives Market?
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 Or Fertility Clinics, E-Commerce, Other Distribution Channels
Subsegments:
1) By Pills: Combined Oral Contraceptives (COCs), Progestin-Only Pills (POPs), Emergency Contraceptive Pills
2) By Injectable Birth Control: Depot Medroxyprogesterone Acetate (DMPA), Combination Injectable Contraceptives, Subdermal Implants
3) By Vaginal Rings: NuvaRing, Annovera, Other Hormonal Vaginal Rings
4) By Others: Transdermal Patches, Intrauterine Devices (IUDs) with Hormones, Hormonal Implants, Contraceptive Tablets For Men
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What Long-Term Drivers Are Shaping Hormonal Contraceptives Market Trends?
Rising knowledge regarding hormonal contraceptives has played a significant role in generating an enlightened and self-reliant populace, allowing people to make choices beneficial to their reproductive aspirations and lifestyles. As people gain more insight about contraceptive alternatives, they are emboldened to make improved decisions about their reproductive health, which subsequently boosts the acceptance of hormonal contraceptives harmonizing with their family planning and lifestyle inclinations. For instance, the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations in charge of international public health, reported in September 2023 that the estimated worldwide prevalence of contraception, including any method, represented 65% in 2022, while the prevalence of modern contraceptive methods among married women in a union was stated to be 58.7%. The global satisfaction rate for modern family planning methods use among women aged 15-49 is expected to reach 77.5% in 2022. The hormonal contraceptives market is significantly driven by heightened awareness about the benefits and use of contraceptives.
Who Are the Top Competitors in Key Hormonal Contraceptives Market Segments?
Major companies operating in the hormonal contraceptives market include Bayer AG, Merck & Co. Inc, Viatris, Gedeon Richter, AbbVie, Pfizer, Teva Pharmaceuticals, Mayne Pharma Group Limited, Lupin Limited, HLL Lifecare Limited, Amneal Pharmaceuticals, DKT International, Piramal Pharma Limited, Allergan, Afaxys Inc., Agile Therapeutic, Cipla Limited, Glenmark Pharmaceuticals, Novartis AG, Sun Pharmaceutical Industries Ltd., Apothecus Pharmaceutical Corporation, Famy care, Mylan Laboratories
What Are the Major Trends Shaping the Hormonal Contraceptives Market?
Innovations are being made by companies to produce chewable, low-dose oral birth control pills to minimize side effects. This chewable contraceptive strategy aims to diminish side effects and also make it simpler for individuals to adopt a daily routine of utilizing this birth control method. This pill is currently available as a product sold without prescription. Top organizations involved in the production and sales of these chewable low-dose oral birth control pills include Lupin Pharmaceuticals, Walter Chilcott, and Watson Pharmaceuticals.
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Which Regions Are Becoming Hubs for Hormonal Contraceptives Market Innovation?
North America was the largest region in the hormonal contraceptives market share in 2024. Middle East is expected to be the fastest-growing region in the global hormonal contraceptives market analysis during the forecast period. The regions covered in the hormonal contraceptives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hormonal Contraceptives Market?
2. What is the CAGR expected in the Hormonal Contraceptives Market?
3. What Are the Key Innovations Transforming the Hormonal Contraceptives Industry?
4. Which Region Is Leading the Hormonal Contraceptives Market?
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