Market Synopsis:
According
to the report, the Contraceptive Pills Market Size was valued at USD 20.9 billion in
2022 and is projected to grow from USD 21.4 Billion in 2023 to USD 25.38
billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.2% during
the forecast period (2023 - 2032).
Contraceptive
pills are likely to witness considerable demand in the years to come. The
observation offered by Market Research Future (MRFR) unfolds that the global Contraceptive
Pills Market Share is expected to enter a phase of maturity in the foreseeable
future.
The issue
of problem explosion has encouraged the increasing consumption of contraceptive
pills. It has motivated the governments to invest in its distribution for
market penetration. In addition, non-profit organizations are also expected to
support the use of pills. These factors are expected to expedite the revenue
growth of the contraceptive pills market in the years to come. The social
awakening regarding the use of these pills supported by organizations is
expected to lead the growth of the market in the forthcoming years.
The ongoing
protest against abortion has escalated serious concerns regarding accidental
pregnancies. This, in turn, is projected to shed light on the pills as a safer
option, thus, supporting its increased sales. Also, the easier access to the
product is likely to catapult the contraceptive pills market on upward
trajectory. However, the availability of alternatives such as condom is
expected to check the expansion of the contraceptive pills market over the next
couple of years. Increasing awareness about the availability of alternatives is
poised to restrict the market growth in the years to come.
Contraceptive
pills cause several side effects such as a change in gynecological issues,
hormonal imbalance, etc. Some of these pills, especially emergency
contraceptive pills, can adversely affect the fecundity of women. This, in
turn, is projected to check the expansion of the contraceptive pills market
over the next few years. However, the research & development of male
contraceptive pills is likely to have a positive impact on market growth in the
forthcoming years.
Contraceptive Pills Market Overview and Size, Trends and Growth Outlook by Type [Oral Contraceptives (Combined Oral Contraceptive Pills and Progestogen-Only Pills), Topical Contraceptives, Contraceptive Injectables and others], Distribution Channel (Hospital & Clinics, Retail Pharmacy, Online Pharmacy and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa)
Competitive
Dashboard:
Pharmaceuticals,
HLL Life
Care,
Sopharma
AD,
V Care
Pharma, and
Ferring
B.V
are some of
the Contraceptive Pills Market Players. These players are expected
to contribute significantly to the expansion of the market in the years to
come.
Market
Segmentation:
This MRFR
report includes a detailed segmental analysis of the global Contraceptive Pills
Market Trends based on drug class. The segments of the market include
monophasic, triphasic, and others.
Study
objectives of Contraceptive Pills Market:
- To provide detailed analysis of
the market structure along with forecast for the next 7 years of the
various segments and sub-segments of the Contraceptive Pills
market
- To provide insights about
factors affecting the market growth
- To analyze the market based on
various factors- price analysis, supply chain analysis, porters five force
analysis etc.
- To provide historical and
forecast revenue of the market segments and sub-segments with respect to
four main geographies and their countries- Americas, Europe, Asia-Pacific,
and Middle East & Africa.
- To provide country level
analysis of the market with respect to the current market size and future
prospective
- To provide country level
analysis of the market for segments by drug class, and its sub-segments.
- To provide overview of key
players and their strategic profiling in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for
the market
- 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 Pills market.
Regional
Analysis:
The report
presents an exhaustive regional assessment of the global Contraceptive Pills
Market Outlook for offering an informative insight. These segments, on the
basis of region, are Americas, the Middle East & Africa (MEA), Europe, and
Asia Pacific. Americas is the leading the expansion of the global market and is
anticipated to maintain its control over the maximum market share in the
foreseeable future. The latest regulations in some of the states of the U.S.
against abortion is anticipated to boost the sales of contraceptive in the
years to come.
Europe
contraceptive pills market is also projected to exhibit considerable growth at
the second spot in the upcoming years. Increasing awareness about the product
is the key factor responsible for catalyzing expansion of the contraceptive
pills in the market over the assessment period. Meanwhile, Asia Pacific is
likely to register the highest CAGR across the forecast period.
The market
scenario represents healthy competition. Increasing investments in research
& development by the key players are poised to boost revenue creation in
the contraceptive pills market in the forthcoming years. The emphasis is on the
minimization of adverse effects of the pills and ensuring cent percent results.
Product development is likely to drive the growth of the contraceptive pills
market over the next couple of years. In addition, other growth trajectories
are also being trodden by the market participants for acceleration of revenue
growth. Some of these growth strategies are mergers & acquisitions,
partnerships, collaborations, etc.
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