Hormonal Contraceptives Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Hormonal Contraceptives Market?
The rising understanding of hormonal contraceptives contributes to an informed and self-determined populace, empowering individuals to make decisions in line with their reproductive aspirations and lifestyles. This increase in knowledge about contraceptive choices encourages individuals to make more informed decisions about their sexual health, which subsequently leads to an upturn in the use of hormonal contraceptives that match their family planning and lifestyle preferences. For example, in September 2023, as per the World Health Organization (WHO), a Swiss-specialized agency of the United Nations responsible for international public health, the estimated worldwide usage of contraception, encompassing all methods, was 65% in 2022, with the usage of modern contraceptive methods reported at 58.7% among married women in a union. In 2022, the global satisfaction rate with the use of modern family planning methods among women aged 15-49 is projected to be 77.5%. The enhanced consciousness about the benefits and use of contraceptives notably drives the hormonal contraceptives market forward.
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#What Growth Opportunities Will Drive the Hormonal Contraceptives Market’s CAGR Through 2034?
There has been a slight growth in the market size of hormonal contraceptives in the past few years. The market, which was valued at $14.16 billion in 2024, is projected to reach $14.43 billion in 2025, growing at a compound annual growth rate (CAGR) of 1.9%. This advancement in the historical period is linked to factors like government initiatives, heightened usage of contraceptives, a rise in funds devoted to pharmaceutical research & development, an uptick in healthcare spending, and an increase in the count of healthcare facilities.
In the coming years, the hormonal contraceptives market is predicted to experience a slight expansion, reaching $15.53 billion in 2029 with a compound annual growth rate (CAGR) of 1.9%. Factors contributing to this growth during the forecast period include a heightened awareness about family planning, increased spending on research and development, a rise in expenditures for healthcare, and more collaborations among agencies. Some noteworthy trends during the forecast period consist of new investments in long-lasting vaginal rings, the application of AI solutions to enhance medication adherence, the introduction of innovative products, focus on environmentally-friendly estrogen profiles, the enhancement of progestogen-only birth control pills, and continuing investments in long-term drug delivery systems.
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What Are the Key Market Innovations in theHormonal Contraceptives Market Over the Coming Years?
Businesses are spearheading innovation to produce chewable, low-dose oral contraceptives aimed at minimizing side effects. The concept behind chewable contraceptives was to alleviate side effects and facilitate patients’ daily usage routine. The drug is already available for sale over the counter. Notable leaders in the production and sale of these chewable low-dose oral contraceptives include Lupin Pharmaceuticals, Walter Chilcott, and Watson Pharmaceuticals.
Who Are the Top Companies Driving Innovation and Growth in theHormonal Contraceptives Market?
Major companies operating in the hormonal contraceptives market include Bayer AG, Merck & Co. Inc, Viatris, Gedeon Richter, AbbVie, Pfizer, Teva Pharmaceuticals, Mayne Pharma Group Limited, Lupin Limited, HLL Lifecare Limited, Amneal Pharmaceuticals, DKT International, Piramal Pharma Limited, Allergan, Afaxys Inc., Agile Therapeutic, Cipla Limited, Glenmark Pharmaceuticals, Novartis AG, Sun Pharmaceutical Industries Ltd., Apothecus Pharmaceutical Corporation, Famy care, Mylan Laboratories
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Which Key Market Segments Comprise the Hormonal Contraceptives Market and Drive Its Revenue Growth?
The hormonal contraceptives market covered in this report is segmented –
1) By Product : Pills, Injectable Birth Control, Vaginal Rings, Others
2) By End User : Hospitals, Homecare Settings, Gynecology Centers, Clinics, Ambulatory Surgical Centers
3) By Hormones : Progestin-Only, Combined Hormones
4) By Distribution Channel : Drug Stores, Gynecology Or Fertility Clinics, E-Commerce, Other Distribution Channels
Subsegments:
1) By Pills: Combined Oral Contraceptives (COCs), Progestin-Only Pills (POPs), Emergency Contraceptive Pills
2) By Injectable Birth Control: Depot Medroxyprogesterone Acetate (DMPA), Combination Injectable Contraceptives, Subdermal Implants
3) By Vaginal Rings: NuvaRing, Annovera, Other Hormonal Vaginal Rings
4) By Others: Transdermal Patches, Intrauterine Devices (IUDs) with Hormones, Hormonal Implants, Contraceptive Tablets For Men
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Which Regions Are Emerging as Leaders in the Hormonal Contraceptives Market?
North America was the largest region in the hormonal contraceptives market share in 2024. Middle East is expected to be the fastest-growing region in the global hormonal contraceptives market analysis during the forecast period. The regions covered in the hormonal contraceptives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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