Press release
Contraceptive Drugs Market: Birth Control Medicine to reach USD 22.15 Billion post 2023
Market Highlight:
Birth controls are been used since ancient times but the safe and effective methods are introduce and available from 20th century. Contraceptive drugs are used to prevent the unwanted pregnancy by blocking the normal process of ovulations or by altering the process which support the fertilization of egg. Global contraceptive drugs market is driven by increasing need of population controls and increasing prevalence of sexually transmitted diseases. Necessity of avoiding the unwanted pregnancy especially in the teenage women and increasing awareness among peoples also contributed in the growth of the market. Contraceptive pills is the third most widely used contraceptive method. Government initiatives for increasing education and promoting used of contraceptive for avoiding unwanted birth have also played an important role in the growth of market. While the side effects of the treatment and strict governmental rules in many countries may hamper the growth of the market. Beside this cultural and religious opposition in developing countries is also responsible for hindering the market.
The global market for contraceptive drugs is expected to reach US$ 22.15 billion by the end of the 2023 with a CAGR of 6.5%.
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Market Segmentation:
Global contraceptive drugs market is segmented on two category type and end user.
• On the basis of Type they are oral contraceptive, injectable. Oral contraceptives are further sub segmented into combined oral contraceptive pills and progestogen-only pills
• On the basis of End User they are segmented as hospitals, clinics
Study Objectives global contraceptive drugs market
• Detailed overview of global contraceptive drugs market.
• Detail analysis of global contraceptive drugs market with all possible segmentation and key player of market.
• Detailed analysis of the historical and forecasted market on the basis of factors like- price analysis, supply chain analysis, porters five force analysis etc.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global contraceptive drugs market.
• Detail analysis on the possible segments and sub segments of the market. And regional analysis of the market- America, Europe, Asia Pacific and Middle East and Africa.
• Insights on the major countries/regions in which this industry is flourishing and to also identify the untapped regions which could be the potential markets in future
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Competitive Analysis:
• Merck & Co. Inc. (US)
• Pfizer Inc. (US)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Bayer AG (Germany)
• Allergan plc. (Ireland)
• Janssen Global Services llc. (US)
• Mankind Pharma Ltd. (India)
• Piramal Enterprises Ltd (India)
• Reckitt Benckiser Plc. (UK)
• Church & Dwight (US)
• The Female Health Company (US)
• Mayer Laboratories (US)
• Cooper Surgical (US)
Intended Audience
• Research and Development (R&D) Companies
• Contraceptive drugs manufacturers
• Medical Research Laboratories
• Academic Medical Institutes and Universities
• Government and Independent Research Laboratories
• Contract Research Organizations (CROs)
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Regional Analysis
Global contraceptive drugs market is dominated by America. Increasing awareness among the people and high incidence rates of abortion has driven America contraceptive drugs market. Europe command the second largest market which is followed by Asia Pacific. Increasing need of population control in Asia Pacific is the major driving factor for the growth of the market. Beside this increasing governmental initiatives to increase the reproductive education also contributed for the growth of the market.
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Market Research Future
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