Hormonal Contraceptives Market Players Focus On Making Breakthroughs With New Developments
June 23, 2022
The Business Research Company’s Hormonal Contraceptives Market 2022 - Opportunities And Strategies – Global Forecast To 2030
LONDON, GREATER LONDON, UK, June 23, 2022 /EINPresswire.com/ -- Companies in the hormonal contraceptives market are focusing on innovative products and new developments. Companies are focusing on new advanced drugs to manufacture hormonal contraceptives drugs for various applications. According to the hormonal contraceptives market analysis, scientists and researchers continue to make breakthroughs in pregnancy prevention; some of these new contraceptives may be safer, more effective, or easier to use than current options for birth control. For instance, in 2021, the Food and Drug Administration (FDA) approved a combination pill a containing naturally occurring Estrogen, Estetrol. This combination tablet (Nextstellis, Mayne Pharma) is the first and only contraceptive pill containing 3 mg Drospirenone and 14.2 mg Estetrol, a naturally occurring Estrogen produced from a plant source.
The increasing awareness in women of the availability of family planning services and increased awareness regarding the need to prevent unintended pregnancies, especially among young couples, are expected to drive the hormonal contraceptives market growth in the forecast period. For example, according to the 2020 KFF Women’s Health Survey among different subgroups of 2,695 women ages 18 to 49, the majority say it is very important (60%) or somewhat important (10%) for them to avoid becoming pregnant. Oral contraceptives and condoms were the leading forms of reversible contraception women used, and almost 25% said they used an intrauterine device (IUD).
Read more on the Global Hormonal Contraceptives Market Report
The global hormonal contraceptives market size is expected to grow from $14.98 billion in 2020 to $19.22 billion in 2025 at a rate of 6.6%. The global hormonal contraceptives market share is then expected to grow at a CAGR of 3.7% from 2025 and reach $23.07 billion in 2030.
Major players covered in the global hormonal contraceptives industry are Bayer AG, Merck & Co. Inc, Viatris, Gedeon Richter, AbbVie.
TBRC’s hormonal contraceptives market report is segmented by product into Pills, Injectable Birth Control, Vaginal Rings, Others, by end-users into Hospitals, Homecare Settings, Gynecology Centers, Clinics, Ambulatory Surgical Centers, by hormones into Progestin-Only, Combines Hormones, by distribution channel into Drug Stores, Gynecology/ Fertility Clinics, E-Commerce, Other Distribution Channels.
Hormonal Contraceptives Market 2022 – By Product ( Pills, Injectable Birth Control, Vaginal Rings), By End User (Hospitals, Homecare Settings, Gynecology Centers, Clinics, Ambulatory Surgical Centers), By Hormones (Progestin-Only, Combined Hormones), By Distribution Channel (Drug Stores, Gynecology/ Fertility Clinics, E-Commerce), And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides a hormonal contraceptives market overview, forecast hormonal contraceptives market size and growth for the whole market, hormonal contraceptives market segments, geographies, hormonal contraceptives market trends, hormonal contraceptives market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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