In 2022, the global Hormonal Contraceptive Market size reached USD 22.64 Billion, and according to the latest report from Reports and Data, it is projected to experience a 5.9% compound annual growth rate (CAGR) in revenue over the forecast period.
Hormonal contraceptives function by influencing the endocrine system to prevent pregnancy. These methods harness hormones like estrogen and progesterone, which are naturally produced by women, to inhibit ovulation and, consequently, avoid conception.
Additionally, the rising demand for effective birth control methods is a significant driver of revenue growth in this market. Unwanted pregnancies disproportionately affect women in underdeveloped regions, with severe implications for their health, education, and economic well-being. This has led to an increased demand for hormonal contraceptives in these areas.
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Moreover, the increasing availability of hormonal contraceptives in various forms, such as pills, patches, injections, and vaginal rings, is expected to boost the adoption of hormonal contraception. These diverse options offer women a wide range of choices to meet their specific needs and preferences. Furthermore, the development of innovative hormonal contraceptive products, known for their improved effectiveness and safety profiles, is also fueling the expansion of market revenue.
Key players in the Hormonal Contraceptive Market:
- Bayer AG
- Merck & Co., Inc.
- Pfizer, Inc.
- Allergan plc
- Agile Therapeutics, Inc.
- Mylan N.V.
- Afaxys, Inc.
- Reckitt Benckiser Group plc
- CooperSurgical, Inc.
- Teva Pharmaceutical Industries Ltd.
- Janssen Pharmaceuticals, Inc.
- Ferring Pharmaceuticals, Inc.
- Mithra Pharmaceuticals S.A.
- HRA Pharma
- Syzygy Healthcare plc
Some Key Highlights in the Report:
- In 2022, the global hormonal contraceptive market was dominated by the pills segment in terms of revenue, largely due to the widespread use and popularity of oral contraceptive pills among women worldwide. Oral contraceptive pills offer numerous benefits, including ease of use, high effectiveness, and the ability to reverse their effects. They come in various formulations, including combination pills and progestin-only pills, to cater to the specific needs and preferences of women. Additionally, the increasing awareness and accessibility of these pills through government initiatives and family planning programs are expected to drive up the demand for hormonal contraceptive pills, thereby contributing to revenue growth in this segment.
- Looking ahead, it is estimated that during the forecast period, the combination hormonal contraceptives segment will hold the largest share of revenue in the global hormonal contraceptive market. This is because combined hormonal contraceptives have a high effectiveness rate when used correctly and consistently. They contain both estrogen and progestin hormones, which work together to inhibit ovulation, thicken cervical mucus to prevent sperm from reaching the egg, and thin the uterine lining to prevent the implantation of a fertilized egg. Moreover, they offer additional advantages such as regulating menstrual cycles, reducing menstrual cramps, and treating acne, making them a preferred choice among women.
- In 2022, the Asia Pacific region emerged as the leader in terms of revenue in the hormonal contraceptive market. This can be attributed to several factors, including the growing middle class, increased awareness about family planning, and government initiatives aimed at reducing unplanned pregnancies. Furthermore, the availability of affordable contraceptives through e-commerce platforms, coupled with rising disposable incomes, is expected to drive revenue growth in this region. Countries like Japan, facing the challenge of an aging population, are witnessing a rising demand for hormonal contraceptives to prevent unintended pregnancies among older women.
- Looking forward, the North American market is expected to experience the fastest revenue growth rate in the hormonal contraceptive market during the forecast period. This can be attributed to the increasing awareness of contraception and the importance of preventing unwanted pregnancies. The availability of over-the-counter hormonal contraceptives and government initiatives promoting free access to birth control are also expected to stimulate demand for hormonal contraceptives. Additionally, the trend of delaying childbirth and starting a family at a later age is contributing to the market’s revenue growth in this region.
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For the purpose of this report, Reports and Data has segmented the global hormonal contraceptive market on the basis of Type Outlook, Hormone Outlook, and Regional Outlook:
Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Vaginal Rings
- Transdermal Patches
Hormone Outlook (Revenue, USD Billion; 2022 – 2032)
- Combination Hormonal Contraceptives
- Progestin-Only Hormonal Contraceptives
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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