Hormonal Contraceptive Market Size Report 2022-2027
According to the latest report by IMARC Group, titled, “Hormonal Contraceptive Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027″, The global hormonal contraceptive market size reached US$ 17.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.81% during 2022-2027.
Hormonal contraceptives refer to the formulations of progestin or a combination of estrogen and progesterone hormones. They work on the endocrine system to prevent ovulation and fertilization. As a result, hormonal contraceptives are utilized to avoid unwanted pregnancies and can be taken before and after vaginal intercourse. These formulations also affect the womb lining, which makes fertilized eggs difficult to be implanted. Such products include birth control pills, vaginal rings, contraceptive skin patches, hormone-releasing contraceptive coils, etc.
Hormonal Contraceptive Market Trends:
The growing awareness among consumers towards family planning is driving the hormonal contraceptive market. Moreover, the rising number of health issues associated with teenage pregnancies is further propelling the market growth. Besides this, various initiatives by government bodies and NGOs to support and enhance access to these products by promoting affordable and high-quality healthcare services are also augmenting the global market. Additionally, numerous advancements in the healthcare industry are leading the production of innovative products, such as hormonal patches, implants, intrauterine devices, etc., which are acting as significant growth-inducing factors. In the coming years, the increasing popularity of these devices owing to their several benefits, such as fewer side effects, high levels of efficiency in preventing pregnancy, ease of access, etc., is anticipated to fuel the global hormonal contraceptive market.
Request a Free Sample Report: https://www.imarcgroup.com/hormonal-contraceptive-market/requestsample
Hormonal Contraceptive Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Afaxys Inc.
- Agile Therapeutics Inc.
- Allergan Inc. (AbbVie Inc.)
- Bayer AG
- Cipla Limited
- Johnson & Johnson
- Merck & Co. Inc.
- Pfizer Inc.
- Piramal Group
- Teva Pharmaceutical Industries Ltd.
The report has segmented the market on the basis on product, hormone, age group and end user.
Breakup by Product:
- Oral Contraceptive Pills
- Intrauterine Device (IUD)
- Injectable Birth Control
- Vaginal Rings
- Others
Breakup by Hormone:
- Progestin-only Contraceptive
- Combined Hormonal Contraceptive
Breakup by Age Group:
- 15-24 Years
- 25-34 Years
- 35-44 Years
- Above 44 Years
Breakup by End User:
- Hospitals and Clinics
- Homecare
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/hormonal-contraceptive-market
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
Related Courses and Certification
Also Online IT Certification Courses & Online Technical Certificate Programs