Press Release

Contraceptive Pills Market | Top Key Players, Growth Factors by Types, Trends, Industry Analysis and Forecast till -2026

Contraceptive Pills Market Top Key Players are Janssen Pharmaceutical Company, Piramal Enterprises, bAllergan, plc, Mylan N.V., Pfizer, Inc., Bayer AG, Teva Pharmaceutical Industries, HLL Lifecare Limited, Merck & Co., Inc.

The global “contraceptive pills market” size is projected to reach USD 20.55 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. High degree of unfulfilled contraceptive needs in rural areas in emerging economies is expected to be one of the key drivers for the growth of this market. Data gathered under the Demographic and Health Surveys (DHS) conducted between 2005 and 2014 in 52 developing countries revealed that around 8% to 38% of married rural women, aged between 15 and 49 years, faced unmet contraceptive needs. The main reason for this gap is the lack of accessibility and local availability of birth-control pills in these areas. To counter this, governments in many developing and underdeveloped countries are taking efforts to make these modern day medications more accessible and affordable to the rural populace. This will effectively accelerate the oral contraceptives market growth during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/contraceptive-pills-market-101802

Leading Players operating in the Contraceptive Pills Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Janssen Pharmaceutical Company
  • Piramal Enterprises
  • Allergan, plc
  • Mylan N.V.
  • Pfizer, Inc.
  • Bayer AG
  • Teva Pharmaceutical Industries
  • HLL Lifecare Limited
  • Merck & Co., Inc.
  • others

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/contraceptive-pills-market-101802

Increasing Popularity of Advanced Contraceptives to Propel the Market in North America

North America is slated to dominate the contraceptive pills market share, since the region generated USD 4.09 billion in revenue in 2018. The primary reason for this is the rising uptake of short-acting reversible contraceptives in the U.S. and patient-friendly reimbursement policies for oral birth-control pills. Europe will emerge as the second leading region in this market, led by France which has the highest birth rate in the region. Better reimbursement policies will also bode well for the market in Europe. Asia-Pacific will record the fastest growth owing to rising number of awareness drives conducted by the government and NGOs. In Latin America, the Middle East, and Africa, increasing presence of big pharmaceutical companies and growing literacy rates will drive the market in these regions.

Market Segmentation:

By Type

  • Combines Contraceptives Pills
  • Progestin-only Pills

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Clinics
  • Online Channel
  • Public Channel & NGOs
  • Others

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia-Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa ( South Africa, GCC, and Rest of Middle East & Africa)

Exciting Opportunities Await Local and Regional Players in the Market

While big companies such as Bayer AG are benefiting owing to their well-established presence, smaller players operating at the local and regional level are also slowly gaining ground in this market. This is a result of launching of innovative products by these players along with certain capacity restrictions hounding the large players.

Key Industry Developments:

  • December 2019: A team of scientists from the Massachusetts Institute of Technology (MIT) developed a contraceptive pill that needs to be taken only once a month. It is a gelatin capsule that releases synthetic hormones in the stomach, preventing unwanted pregnancy.
  • August 2017: Lupin Pharmaceuticals voluntarily recalled its contraceptive Mibelas 24 FE from the market in the U.S. as they were purportedly out of sequence.

More Trending Topics from Fortune Business Insights:

Hemostats Market Business Opportunities, Trends, Growth Drivers, Industry Share, Segmentation and Demand Forecast to 2025

Compression Bandages Market Analysis, Leading Countries, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2026

Macular Edema Treatment Market Size 2020 | North America, Europe & Asia Pacific Regions to Dominate the Global Industry Outlook by 2026

Ophthalmic Femtosecond Lasers Market Comprehensive Insights, Growth, Segments, Industry Outlook, and Forecast 2026

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close