Global Hormonal Contraceptives Market Trends And Strategies Of Major Players In The Hormonal Contraceptives Market 2021-2030

18 Oct, 2021

The hormonal contraceptives market consists of sale of hormonal contraceptives and related services. Hormonal contraceptives are used as a birth control method that acts on the endocrine system of the human body.

Global Hormonal Contraceptives Market Size And Drivers:

The global hormonal contraceptives market is expected to grow from $16.16 billion in 2020 to $18.1 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.52 billion in 2025 at a CAGR of 4.4%. Increased awareness about the benefits and use of contraceptives is a major factor driving the hormonal contraceptives market.

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Trends In The Global Hormonal Contraceptives Market

Companies are innovating to manufacture chewable low dose oral contraceptives that reduce side effects. Chewable contraceptive initiative was an attempt to reduce side effects while at the same time making it easier for the patients to get into a daily regimen of using this contraceptive. The pill is already being sold as an over-the-counter product. Some of the top companies that produce and sell chewable low-dose oral contraceptives, for instance, are Lupin pharmaceuticals, Walter Chilcott and Watson Pharmaceuticals.

Global Hormonal Contraceptives Market Segments:
The global hormonal contraceptives market is further segmented –
By Product: Oral Contraceptive Pills, Injectable Birth Control, Emergency Contraceptive Pills, Vaginal Rings, Others
By End Users: Hospitals, Homecare Settings, Gynecology Centers, Clinics, Ambulatory surgical centers
By Hormones: Progestin-Only, Combined Hormones
By Distribution Channel: Drug Stores, Gynecology/ Fertility Clinics, E-Commerce, Others
By Geography: The global hormonal contraceptives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Hormonal Contraceptives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hormonal contraceptives market overviews, analyzes and forecasts market size and growth for the global hormonal contraceptives market, hormonal contraceptives market share, hormonal contraceptives market players, hormonal contraceptives market segments and geographies, hormonal contraceptives market’s leading competitors’ revenues, profiles and market shares. The hormonal contraceptives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.