Contraceptive Pills Market Size, Share, Growth, Trend, Analysis And Forecast 2022-2028

According to a new report published by UnivDatos Markets Insights, Contraceptive pills Market was valued at more than USD 13 billion in 2021 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Type (Combines Contraceptives Pills and Progestin Pills); Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel NGOs, and Others); and Region/Country.

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The contraceptive pills report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on contraceptive pills. The contraceptive pills report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates contraceptive pills at the global and regional levels.

Market Overview

There are different types of contraceptive pills available, including combination pills, which contain both estrogen, progestin, and progestin-only pills, which only contain progestin. The type of pill prescribed may depend on factors such as a woman's health history and personal preferences. There are several driving factors in the contraceptive pills market such as the rising demand for non-invasive and reversible contraceptive methods, coupled with the increasing focus on women's health. Contraceptive pills offer women the freedom to control their reproductive health and make informed decisions about their lives. For instance, according to the report updated by UN Population Fund in March 2021, around 1.4 million unplanned pregnancies occurred in 115 low and middle-income countries. Additionally, the growing trend of delayed childbirth and the rising womens workforce in various industries has also boosted the demand for contraceptive pills. The market is also expected to witness growth due to the increasing use of online platforms to purchase contraceptives, making it easier for women to access these products.

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Some of the major players operating in the market include Pfizer Inc.; Merck Co., Inc.; Teva Pharmaceutical Industries Ltd.; AbbVie Inc.; Bayer AG; Janssen Global Services, LLC; HLL Lifecare Limited; Mylan N.V.; Piramal Enterprises Ltd.; Amneal Pharmaceuticals LLC

COVID-19 Impact

COVID-19 has a wide impact on the contraceptive pills market growth. This is majorly due to the lack of access to contraceptives. As per WHO, due to COVID-19, 7 in 10 countries have disrupted health services in contraception and family planning. There is a huge disruption in the manufacturing and supply chain of contraceptive pills which is leading to a decline in the market growth.

The global contraceptive pills report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on type, the contraceptive pills is segmented into injectables, tablets, transdermal patches, and others. The transdermal patches scopolamine segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as they are widely for the treatment of motion sickness nowadays. Furthermore, growth in the number of domestic and international travelers and in the areas of product launches in the market is also positively influencing the growth of the market.

On the basis of distribution channel, the market is categorized into hospital pharmacy, retail pharmacy, clinics, online channel, public channel NGOS, and others. Among these, the online channel category held a significant share of the market in 2021. This is mainly due to the availability of convenience, choice, affordability, and privacy to women seeking effective birth control methods. As online platforms continue to evolve and improve, the market is expected to see even greater growth and expansion in the coming years.

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Contraceptive pills Geographical Segmentation Includes:

North America (United States, Canada, and Rest of North America)

Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

Rest of the World

Europe is anticipated to grow at the fastest CAGR during the forecast period. This is mainly due to the rising awareness about sexually transmitted infections (STIs), the rise in government initiatives, and the growing rate of unintended pregnancies leading to abortions are driving the growth of the market in the region. These are the major factors driving the market growth. For instance, in 2018 and 2019, the Contraception Atlas of Europe found that 69% of European women use contraception, and 43% of those pregnancies were unintended.

The major players targeting the market include

Pfizer Inc.

Merck Co., Inc.

Teva Pharmaceutical Industries Ltd.

AbbVie Inc.

Bayer AG

Janssen Global Services, LLC

HLL Lifecare Limited

Mylan N.V.

Piramal Enterprises Ltd.

Amneal Pharmaceuticals LLC

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Contraceptive pills. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in contraceptive pills?

Which factors are influencing contraceptive pills over the forecast period?

What are the global challenges, threats, and risks in contraceptive pills?

Which factors are propelling and restraining contraceptive pills?

What are the demanding global regions of contraceptive pills?

What will be the global market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirements of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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Table of Content-

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY