Summary

The global contraceptive pills market is expected to grow at a significant rate of around 6% during the forecast period. There are different types of contraceptive pills available, including combination pills, which contain both estrogen, progestin, and progestin-only pills, which only contain progestin. The type of pill prescribed may depend on factors such as a woman's health history and personal preferences. There are several driving factors in the contraceptive pills market such as the rising demand for non-invasive and reversible contraceptive methods, coupled with the increasing focus on women's health. Contraceptive pills offer women the freedom to control their reproductive health and make informed decisions about their lives. For instance, according to the report updated by UN Population Fund in March 2021, around 1.4 million unplanned pregnancies occurred in 115 low and middle-income countries. Additionally, the growing trend of delayed childbirth and the rising women’s workforce in various industries has also boosted the demand for contraceptive pills. The market is also expected to witness growth due to the increasing use of online platforms to purchase contraceptives, making it easier for women to access these products.

Pfizer Inc.; Merck & Co., Inc.; Teva Pharmaceutical Industries Ltd.; AbbVie Inc.; Bayer AG; Janssen Global Services, LLC; HLL Lifecare Limited; Mylan N.V.; Piramal Enterprises Ltd.; Amneal Pharmaceuticals LLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, progestin pills category to witness robust CAGR during the forecast period.”
Based on type, the market is segmented into combines contraceptive pills and progestin pills. Amongst, the progestin pills category is to witness a higher CAGR during the forecast period. This is mainly due to these pills are safer for women with certain medical conditions, such as a history of blood clots or high blood pressure, and these pills provide a safe, convenient, and effective option for women who cannot or do not want to use combination pills. Also, with growing innovation and development, the market is expected to grow in the coming years.

“Amongst distribution channel, the online channel held a significant share in the market in 2021.”
On the basis of distribution channel, the market is categorized into hospital pharmacy, retail pharmacy, clinics, online channel, public channel & NGOS, and others. Among these, the online channel category held a significant share of the market in 2021. This is mainly due to the availability of convenience, choice, affordability, and privacy to women seeking effective birth control methods. As online platforms continue to evolve and improve, the market is expected to see even greater growth and expansion in the coming years.

“Europe to hold a significant share in the market”
For a better understanding of the market adoption of the contraceptive pills industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe is anticipated to grow at the fastest CAGR during the forecast period. This is mainly due to the rising awareness about sexually transmitted infections (STIs), the rise in government initiatives, and the growing rate of unintended pregnancies leading to abortions are driving the growth of the market in the region. These are the major factors driving the market growth. For instance, in 2018 and 2019, the Contraception Atlas of Europe found that 69% of European women use contraception, and 43% of those pregnancies were unintended.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global contraceptive pills market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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