Contraceptive Pills Market Overview:
Contraceptive pills also widely known as birth control pills have proven to be a useful family planning tool, offering reliable access to birth-rate management. The opportunity to delay pregnancies has been paving the way for many women to pursue higher education and professional careers. It could also open doors for millions of families to control their overhead expenses during the economic slowdown, controlling abortion rate, and contributing to all anti-abortion forces.
Contraceptive pills are likely to witness considerable demand in the years to come. The observation offered by Market Research Future (MRFR) unfolds that the global contraceptive pills market is expected to enter a phase of maturity in the foreseeable future.
There have been various contraceptive methods developed for women such as patches, implants, vaginal rings, injectables. However, when it comes to family planning, contraceptive pills are women’s all-time favourite option for the convenience they offer. As a result, contraceptive pills have been increasingly garnering huge popularity, and consequently, its market gains increasing traction on a global level.
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Contraceptive Pills Market Segments:
The report is segmented into two market dynamics to widen the scope of understanding,
Market Research Future report offers an all-inclusive segmental analysis of the contraceptive drugs market on the basis of type and end-user.
Based on type, it is segmented into injectable, oral contraceptive and others. The oral contraceptive segment is further segmented into progestogen-only pills and oral contraceptive pills. Of these, the oral contraceptives segment is expected to have the maximum share in the contraceptive drugs market during the forecast period due to widespread utilization of oral pills by women.
Based on end user, the contraceptive drugs market is segmented into hospitals, clinics and others.
Major key Players
Pharmaceuticals, HLL Life Care, Sopharma AD, V Care Pharma, and Ferring B.V are some of the prominent players participating in the landscape of the global contraceptive pills market. These players are expected to contribute significantly to the expansion of the market in the years to come.
The issue of problem explosion has encouraged the increasing consumption of contraceptive pills. It has motivated the governments to invest in its distribution for market penetration. In addition, non-profit organizations are also expected to support the use of pills. These factors are expected to expedite the revenue growth of the contraceptive pills market in the years to come. The social awakening regarding the use of these pills supported by organizations is expected to lead the growth of the market in the forthcoming years.
Contraceptive Pills Market – Geographical Analysis:
Based on region, the contraceptive drugs market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will command the market due to rising awareness amid people coupled with increase in the rates of abortion. As per the 2015 report published by the Centers for Disease Control and Prevention, approximately 229,715 babies had been born from females aged 15-19 years. Europe also has a favourable share in the contraceptive drugs market due to increasing awareness regarding healthcare industries, well-developed technology and increasing government support. Besides, companies here are mostly into export that will boost up the share of the market across the globe. The APAC and the Middle East and Africa are also likely to have a favorable share. Countries such as China and India will experience the fastest growth in the contraceptive drugs market owing to increasing incidence of pregnancy amid teenagers. As per WHO, the birth rates in adolescents is 45 births/1000 females in South-Eastern Asia while 7 births/1000 females in Eastern Asia. They are open for adopting new treatment choices from developed countries. It is this gap amid the developed countries and the developing countries that will offer growth opportunities for the market players in the near future.
Study objectives of Contraceptive Pills Market:
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