The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hormonal contraceptives market report forecasts the hormonal contraceptives market size to grow to $14.56 Billion by 2027, with a CAGR (compound annual growth rate) of more than 1%.

Learn More On The Hormonal Contraceptives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hormonal-contraceptives-global-market-report

Hormonal Contraceptives Market Size Forecast
The global hormonal contraceptives market is expected to grow from $13.47 billion in 2022 to $13.78 billion in 2023 at a compound annual growth rate (CAGR) of 2.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hormonal contraceptives market size is expected to grow to $14.56 billion in 2027 at a CAGR of 1.4%.

North America held the largest hormonal contraceptives market share, and Middle East was the fastest-growing region in 2022.

Key Hormonal Contraceptives Market Driver ­– Increase In Awareness About The Benefits And Use Of Contraceptives

For example, India will have spent USD$3 billion by 2020 to spread awareness and improve family planning in the country. Moreover, in 2020, according to the United Nations Department of Economic and Social Affairs, about 1.1 billion women aged between 15 and 49 are considered to need family planning.

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Key Hormonal Contraceptives Market Trend – Innovating To Manufacture Chewable Low-Dose Oral Contraceptives
Companies are innovating to manufacture chewable low-dose oral contraceptives that reduce side effects. The 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.

Hormonal Contraceptives Market Segment
1) By Product: Oral Contraceptive Pills, Injectable Birth Control, Emergency Contraceptive Pills, Vaginal Rings, Other Products
2) By End Users: Hospitals, Homecare Settings, Gynaecology Centers, Clinics, Ambulatory surgical centers
3) By Hormones: Progestin-Only, Combined Hormones
4) By Distribution Channel: Drug Stores, Gynaecology/ Fertility Clinics, E-Commerce, Other Distribution Channels

Hormonal Contraceptives Market Major Players and Strategies
Major players in the hormonal contraceptives market are Bayer AG, Merck & Co. Inc., Pfizer, Allergan, Afaxys Inc., TevaPharma Industries Ltd., Agile Therapeutics, HLL Lifecare Limited, Lupin Pharmaceuticals Inc. and Piramal Healthcare Limited.

The Hormonal Contraceptives Global Market Report 2023 covers regional data on hormonal contraceptives market size, hormonal contraceptives market trends and drivers, opportunities, strategies, and hormonal contraceptives market competitor analysis. The countries covered in the hormonal contraceptives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hormonal contraceptive refers to a method of birth control that stops pregnancy using hormones. There are numerous types. Some can be undone, while others are irreversible. Some varieties can also aid in the prevention of STDs.

View More Reports Related To The Hormonal Contraceptives Market –
Drugs For Hormonal Replacement Therapy Global Market Report 2023
Contraceptives Global Market Report 2023
Oral Contraceptive Pills Global Market Report 2023

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