Market Overview
Hormonal Contraceptives are methods of birth control that work on the endocrine system. Almost all of these methods contain steroid hormones. The first of these, the selective estrogen receptor modulator, is marketed in India and is considered a contraceptive. Other methods include the synthetic estrogens that are sold in some countries. For more information, read our articles about birth control using the hormonal method. These products prevent pregnancy through a process called ovulation insemination. It works by preventing the egg from ovulating by clogging the cervix with thick mucus.
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Market Dynamics
Technological developments in hormonal contraception are expected to propel the global hormonal contraceptives market growth over the forecast period. Hormonal methods of birth control contain progestin and estrogen or progestin-only. They are a safe and reliable way of preventing pregnancy for most people. With ongoing research and development activities, hormonal contraceptives have become far more advanced and superior. For instance, in April 2021, Mayne Pharma received the U.S. Food and Drug Administration (FDA) approval for NEXTSTELLIS, a new oral contraceptive for the prevention of pregnancy.
However, the availability of alternative contraceptive methods and high risks associated with hormonal contraception is expected to hamper the global hormonal contraceptives market growth over the forecast period.
Impact of COVID-19
Since the outbreak of the COVID-19 pandemic, many industries have been impacted including the global hormonal contraceptives market. Following the outbreak, many countries decided to close national borders and suspend international travel. With stringent lockdown policies, manufacturing activities across many sectors were impacted negatively. This, in turn, led to a sharp decline in economic growth worldwide. However, the market is expected to regain its traction as countries focus on reopening their economies due to decreasing cases and the rollout of vaccines.
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Key Takeaways
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The global hormonal contraceptives market is expanding, exhibiting a CAGR of 2.9% over the forecast period. This is owing to growing focus on family planning and favorable government policies.
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Among regions, North America is expected to witness significant growth in the global hormonal contraceptives market during the forecast period. This is owing to high disposable income and the presence of key market players.
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Asia Pacific is expected to exhibit strong growth, owing to rising urbanization and supportive government policies.
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Key companies operating in the global hormonal contraceptives market are Teva Pharmaceuticals Industries Ltd., Bayer AG, Merck & Co. Inc., Pfizer, Afaxys, Inc., Agile Therapeutics, Allergan, and Apothecus Pharmaceutical Corporation.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Hormonal Contraceptives Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Hormonal Contraceptives Industry Impact
Chapter 2 Global Hormonal Contraceptives Competition by Types, Applications, and Top Regions and Countries
2.1 Global Hormonal Contraceptives (Volume and Value) by Type
2.3 Global Hormonal Contraceptives (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Hormonal Contraceptives Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Hormonal Contraceptives Market Analysis
Chapter 6 East Asia Hormonal Contraceptives Market Analysis
Chapter 7 Europe Hormonal Contraceptives Market Analysis
Chapter 8 South Asia Hormonal Contraceptives Market Analysis
Chapter 9 Southeast Asia Hormonal Contraceptives Market Analysis
Chapter 10 Middle East Hormonal Contraceptives Market Analysis
Chapter 11 Africa Hormonal Contraceptives Market Analysis
Chapter 12 Oceania Hormonal Contraceptives Market Analysis
Chapter 13 South America Hormonal Contraceptives Market Analysis
Chapter 14 Company Profiles and Key Figures in Hormonal Contraceptives Business
Chapter 15 Global Hormonal Contraceptives Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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