Allied Market Research recently published a research report on “The global contraceptive drugs market size was evaluated at $14,324.12 million in 2019, and is estimated to garner $24,412.22 million by 2027, registering a CAGR of 6.9% during the forecast period.” in its research database.
Contraceptive Drugs Market by Product (Oral Contraceptive Pills, Injectable Contraceptives, and Topical Contraceptives), Age Group (15-24 Years, 25-34 Years, 35-44 Years, and Above 44 Years), and End User (Homecare, Hospitals, and Clinics): Global Opportunity Analysis and Industry Forecast, 2020-2027.
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Development deprived to forestall undesirable pregnancy, flood in mindfulness for contraceptives across the world, and ascend in utilization of oral contraceptives as a favored strategy to keep away from impromptu pregnancy drive the development of the worldwide preventative medications market. Likewise, expansion in government and NGO drives advancing contraceptives and mounting mindfulness about sexually transmitted diseases further fuel the development of the worldwide market. Be that as it may, wellbeing takes a chance with connected with the utilization of prophylactic techniques limit the development somewhat. By the by, ascend in extra cash, development popular for solid life in arising economies, and presence of huge neglected prophylactic necessities in arising Asian and African economies are expected to introduce a variety of chances sooner rather than later.
Flood deprived for forestalling undesirable pregnancy, ascend in mindfulness for contraceptives across the world, expansion in utilization of oral contraceptives as a favored strategy to keep away from impromptu pregnancy, upsurge in government and NGO drives advancing contraceptives, and mounting mindfulness about sexually transmitted diseases drive the development of the worldwide preventative medications market. Then again, wellbeing chances related with the utilization of preventative techniques block the development somewhat. Be that as it may, ascend in discretionary cashflow, interest for solid life in arising economies, and presence of enormous neglected prophylactic necessities in arising Asian and African economies are supposed to set out worthwhile open doors for the vital participants in the business.
- During the outbreak of the pandemic the contraceptive drug manufacturers have been through several challenges with unpredictable and distorted supply chain activities and lack of skillful human resources. Also, declined number of hospital visits by women to receive injectable further affected the market.
- However, as the restrictions are getting eased off, the global market for contraceptive drugs is expected to recoup soon.
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|Market Outlook for 2027||USD $24.42 billion|
|Market Size 2019 Value||USD $14.32 billion|
|Expected CAGR Growth||6.9% from 2019 – 2027|
|Forecast Year||2019 – 2027|
|Top Market Players||
|Segments Covered||By Product, By Procedure, By Application, By End-Use, By Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America; Middle East & Africa|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
Based on geography, the market is studied across various regions including Asia-Pacific, Europe, LAMEA, and North America. The market across North America held the major share in 2019, with around one-third of the global contraceptive drugs market. Moreover, the market across Asia-Pacific is expected to showcase the fastest CAGR of 8.4% from 2020 to 2027.
Allied Market Research has segmented the Contraceptive Drugs Market report on the basis of procedure, application, end-user, and region:
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By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Contraceptive Drugs Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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