Contraceptive Pills Market to Grow at a CAGR of 3.92% by 2031

Contraceptive Pills Market to Grow

The ‘Global Contraceptive Pills Market Size, Share, Trend, Growth, Analysis, Report and Forecast 2023-2031’, by Expert Market Research, gives an extensive outlook of the global contraceptive pills market, assessing the market on the basis of its segments like major products, age group, end users, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Contraceptive Pills Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2016-2031)

• Historical Market Size (2022): USD18.66 Billion
• Forecast CAGR (2023-2031): 3.92%
• Forecast Market Size (2031): USD26.35 Billion

The innovations of new contraceptive drugs to help minimalising side effects including nausea and vomiting is driving the market’s expansion. New methods of administering contraceptive drugs to improve patient’s experience are emerging as a result of increased efforts to increase their benefits, which is assisting the market’s expansion.

In addition, it is anticipated that rising research activities to create cutting-edge contraceptive drugs will fuel market expansion. The market is expanding rapidly as a result of the growing popularity of new contraceptive drugs like once in a month pills to stop ovulation or implantation.

The market is expected to grow as a result of the growing emphasis on offering creative solutions for the shared reproductive responsibility among both males and females. This is also leading to the start of numerous clinical trials for contraceptives that block the development of sperm to avoid unintended pregnancies.

Long-acting reversible contraceptives are being developed, which is projected to support the industry’s growth, as standard contraceptive drugs have adverse effects like nausea, vomiting, and mood swings, among others. Additionally, it is anticipated that rising research efforts to create oestrogen-free medications will spur market expansion because they are expected to have lower failure rates than oestrogen-based contraception.

Contraceptive Pills Industry Definition and Major Segments

Birth control medications, also referred to as contraceptives, work by releasing hormones like oestrogen and progesterone to prevent unintended pregnancies. To stop ovulation, they thicken the mucus around the cervix. Contraceptive pills are simple to use and reduce the risk of a number of diseases, including polycystic ovary syndrome (PCOS) and breast cancer, among others.

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Based on major products, the marked is bifurcated into:

• Topical Contraceptives
• Oral Contraceptive Pills
• Injectable Contraceptives

Based on age group, the market can be divided into:

• 15-24 years
• 25-34 years
• 35-44 years
• Above 44 years

On the basis of end-users, the market is segmented into:

• Homecare
• Hospitals
• Clinics

Based on region, the market can be divided into:

• The Middle East and Africa
• North America
• Europe
• The Asia Pacific
• Latin America

Contraceptive Pills Market Trends

Governments are giving more free and subsidised contraceptive drugs as part of their ongoing efforts to improve the quality of life for their citizens, which is fueling the market’s expansion. Additionally, governments of low- and middle-income countries are adopting a number of positive activities, such as commercials, to encourage their citizens to use contraceptives.

For instance, the Indian Ministry of Health published around three commercials in July 2019 to advertise oral contraceptives. Additionally, several governments have allowed selling contraceptive tablets over the counter at pharmacies without a doctor’s prescription, which has a big impact on the market’s expansion.

Various family planning initiatives and media efforts to raise awareness of the value and advantages of contraceptive drugs is accelerating market expansion. The underserved community is becoming more accessible to injectables and oral contractions. Therefore, the growing accessibility of a variety of contraceptive drugs in developing nations is promoting market expansion. The development of new contraceptive technologies to improve the effectiveness and functionality of contraceptive drugs is fueling the market’s expansion even further.

Key Market Players

The major players in the Contraceptive Pills market include:

  • Janssen Global Services, LLC
  • Pfizer Inc.
  • Teva Pharmaceuticals Industry Ltd.
  • Merck & Co. Inc.
  • Allergan, plc
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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