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

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

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 global hormonal contraceptives market size is expected to grow to $14.56 billion in 2027 at a CAGR of 1.4%.

Major Driver In The Hormonal Contraceptives Market ­– Increased Awareness About The Benefits And Use Of Contraceptives
According to the World Health Organisation (WHO), 16 million females aged 15 to 19 give birth each year, accounting for nearly 11% of all births worldwide. To avoid unintended pregnancies, global awareness campaigns such as the WHO’s It’s Your Life, It’s Your Future and World Contraception Day were launched. The London Summit on Family Planning urged governments, international organisations, and private sector organisations to commit to expanding access to voluntary family planning. This resulted in the formation of the global cooperation Family Planning 2020 (FP2020). FP2020 has built global momentum on topics such as contraception access, more innovation, and greater accountability in family planning activities. Furthermore, the United Nations Department of Economic and Social Affairs estimates that around 1.1 billion women aged 15 to 49 would require family planning in 2020.

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Key Hormonal Contraceptives Market Segments
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

Recent Hormonal Contraceptives Market Trend – Innovating To Manufacture Chewable Low-Dose Oral Contraceptives
Companies are developing chewable low-dose oral contraceptives with fewer adverse effects. The chewable contraceptive project was an attempt to lessen adverse effects while also making it easier for patients to start using this contraceptive on a daily basis. The medication is already available without a prescription. Lupin pharmaceuticals, Walter Chilcott, and Watson pharmaceuticals are a few of the major firms that manufacture and distribute chewable low-dose oral contraceptives.

Hormonal Contraceptives Market Prominent Players
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.

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The Hormonal Contraceptives Global Market Report 2023  provides a comprehensive overview on the hormonal contraceptives market size, trends and drivers, opportunities, strategies, and companies 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.

A hormonal contraceptive is a technique of birth control that uses hormones to prevent pregnancy. There are various varieties. Some are reversible, while others are not. Some types can also help with STD prevention.

View More Related Reports –
Contraceptives Global Market Report 2023
Drugs For Hormonal Replacement Therapy Global Market Report 2023
Prostate Cancer Drugs Global Market Report 2023

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