How is the Hormonal Contraceptives Market Poised for Growth: Trends and Opportunities Through 2034
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How has the hormonal contraceptives market size evolved in recent years?
The market size for hormonal contraceptives has seen a slight rise in recent years. It is projected to expand from $14.16 billion in 2024 to $14.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 1.9%. The historical period growth can be traced back to government-led initiatives, an uptick in contraceptive usage, a boost in pharmaceutical research and development spending, augmented healthcare expenditure, and an enhancement in the quantity of healthcare facilities.
What are the predictions for the hormonal contraceptives market size in the coming years?
Over the next few years, the market size of heavy-duty engines is poised for robust growth. It is projected to swell to $75.22 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. The growth during the forecast period is likely to be driven by the demand for advanced materials, government incentives, durability and reliability, shifts towards alternative fuels, and globalization of trade and transport. The major trends expected during this period include the electrification of powertrains, enhancements in combustion engines’ efficiency, the uptake of hybrid technologies, improvements in engine management systems, and a focus on sustainable fuels.
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What key factors are fueling the growth of the hormonal contraceptives market?
Rising consciousness about hormonal contraceptives has led to a more knowledgeable and independent population. This empowers individuals to make decisions that match their reproductive aims and lifestyles. As people become better informed about contraceptive alternatives, they are able to make improved choices about their reproductive health. This, in turn, results in increased use of hormonal contraceptives that fit their family planning and lifestyle perspectives. For example, according to the World Health Organization (WHO), a UN-affiliated public health agency based in Switzerland, the estimated worldwide prevalence of contraception, including any method, was 65% in 2022. Meanwhile, modern contraceptive use among married women in a union was reported at 58.7%. By 2022, the global satisfaction rate for the use of modern family planning methods among women aged 15–49 will be 77.5%. Heightened awareness of the benefits and usage of contraceptives considerably fuels the hormonal contraceptives market.
How is the global hormonal contraceptives market divided into key segments?
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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Who are the key firms paving the way for growth in the hormonal 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
Which trends are expected to transform the hormonal contraceptives market?
Businesses are pioneering new methods to create chewable, low-dose oral contraceptives designed to decrease side effects. This innovative approach to chewable contraceptives was developed to minimize side effects and simplify the regular use of this form of birth control for patients. The tablet is already retailed as a non-prescription product. Notable companies like Lupin Pharmaceuticals, Walter Chilcott, and Watson Pharmaceuticals are among the leading producers and distributors of these chewable low-dose oral contraceptives.
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What regions are contributing significantly to the growth of 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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