Hormonal Contraceptive Market
Hormonal Contraceptive Market (Method - Oral Contraceptives, Transdermal Patches, Injectable Contraceptives, Intrauterine Contraceptives, Vaginal Rings; Hormones - Progestin Only, Combined Hormones; Distribution Channel - Drug Stores, Gynecology and Fertility Clinics, E-commerce) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026
Press Release :
The demand within the global hormonal contraceptives market is rising at a stellar pace in recent times. There has been an increase in the use of birth control methods, especially across high-population regions. Several countries are encouraging the use of contraceptives to control birth rates and manage the exponential rise in population. The intervention of the medical industry in assisting the efforts of the government to control birth rates have borne fruits in recent times. Several procedures have been put in place to encourage birth control measures amongst the population. Use of hormonal contraceptives corresponds to biological methods of birth control that have helped in managing the population. The use of steroidal hormones has created ripples across the global biological research sector in recent times.
In this report preview, Transparency Market Research (TMR) uncovers and unearths various factors and trends that have aided the growth of the global hormonal contraceptives market. It is important for medical professionals to take into account the impacts of using hormonal contraceptives on human health. Since hormonal contraceptives are meant for women alone, the topic is addressed the domain of female healthcare management. The development of male hormonal contraceptive technologies is under research. However, there is little evidence to support effective development of such technologies for men. The reluctance of the masses in adopting external contraceptive technologies such as condoms and copper-T devices has shifted focus towards the use of hormonal contraceptives. Therefore, the revenue index of the global hormonal contraceptives market is slated to improve in the years to follow. Medical practitioners prescribe schedules for intake of hormonal contraceptives to women.
Use of Hormonal Contraceptives to Assure Pregnancy Prevention
Hormonal contraceptives affect the endocrine system to block the function of the estrogen. This helps in preventing the development of the eggs, and has emerged as an important contraceptive method. The endocrine system is an important component of the human biological systems that is responsible for managing the hormones secreted in the body. Use of contraceptive drugs that act upon this system has helped in driving sales across the global hormonal contraceptives market. The use of biological methods, instead of external contraceptives, has increased in recent times. This factor shall facilitate the growth of the global hormonal contraceptives market over the course of the next decade.
Popularity of Oral Pills for Contraception
On the basis of method, the global hormonal contraceptives market can be segmented into transdermal contraceptives, vaginal rings, injectable contraceptives, oral contraceptives, and intrauterine contraceptives. The use of oral contraceptives has gained momentum, mainly due to the easy availability of oral pills.
Several medical practitioners recommend the use of steroidal contraceptives that can temporarily block reproductive nodes in the body. Use of steroid hormones is expected to gather momentum in the times to follow. In certain regions, use of selective estrogen receptor modulators falls under the category of biological or hormonal contraception. Furthermore, several other delivery methods for contraception have also gained popularity in recent times. Use of hormonal contraceptives has been extremely successful in preventing pregnancies. The rate of pregnancies in people who underwent steroidal contraceptives is less than 1%. The availability of hormonal contraceptives that near perfection in preventing pregnancies has played an integral role in driving sales across the global market.
Understanding the Effects of Hormonal Contraception
On the basis of hormone type, the global hormonal contraceptives market can be segmented into combined hormones and progestin. The relevance of each of these segments has created ripples across the global market. Several researchers are involved in studying the ill-effects of using hormonal contraceptives. However, there has been little evidence to show any severe after-effects of using such contraception by young women. The impact of using hormonal contraceptives on body weight has been analysed by several research entities. The weight of women remains unaffected by the use of hormonal contraceptives, and this is an important factor resulting in the uptake of these contraceptives. The demand within the global hormonal contraceptives market shall also rise as this mode comes under the radar of active research. The next decade could witness a sturdy rise in investments made in medical research pertaining to contraception.
Availability of Contraceptives across Drug Stores and E-Commerce Channels
The availability of hormonal contraceptives across several facilities has created humongous demand within the global market. On the basis of distribution channel, the global hormonal contraceptives market can be segmented into drug stores, e-commerce channels, fertility clinics, and gynaecological centers. Drug stores are the most common option for buying contraceptives. In several regions, there is no requirement for prescriptions to buy hormonal contraceptives. This has given a free hand to companies in promoting and popularising their products. Fertility clinics have also emerged as important selling points for contraceptives. Several people buy contraceptives across e-commerce channels to maintain secrecy of their consumption patterns.
The growth of the hormonal contraceptives market also relies on the level of education and awareness across a particular region. Countries in Europe and North America have run successfully run campaigns around the need for birth control. These campaigns also focus om educating people about the various methods of contraception available at their disposal. Therefore, the growth graphs of theses regional market have traced an ascending trajectory in recent times. Advancements in gynaecology have also helped in attracting investments into the hormonal contraceptives market.
Some of the leading players operating in the global hormonal contraceptives market are Afaxys, Inc., Agile Therapeutics, Inc., Bayer AG, and Merck & Co., Inc.
Global Hormonal Contraceptives Market: Scope and Methodology
This report analyzes the current and future prospects of the global hormonal contraceptives market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments.
The research is a combination of primary and secondary research. Primary research formed the bulk of the research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2018 to 2026, considering the macro and micro environmental factors. Growth rates for each segment in the global hormonal contraceptives market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global hormonal contraceptives market.
Market revenue in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. Market size estimations involved in-depth study of features of different types of product types. Additionally, market related factors such as rise in prevalence PCOS, product launch, and historical year-on-year growth have been taken into consideration while estimating the market size.
Hormonal Contraceptives Market: Segmentation
Contraceptives can be defined as a drug or device that can prevent pregnancy. Contraceptives can be of various types such as hormonal and non-hormonal. Hormonal contraceptives are a type of contraceptives that act on the endocrine system for birth control. Demand for hormonal contraceptives market is rising owing to the increase in prevalence of women’s health-related problems such as PCOS and delayed child bearing.
Based on method, the global hormonal contraceptives market has been classified into oral contraceptives, transdermal patches, injectable contraceptives, intrauterine contraceptives, and vaginal rings. The oral contraceptives segment is expected to hold a significant share of the global market during the forecast period.
In terms of hormones, the global hormonal contraceptives market has been segregated into progestin only and combined hormones. The combined hormones segment is anticipated to dominate the market from 2018 to 2026.
Based on distribution channel, the global hormonal contraceptives market has been segmented into drug stores, gynecology/ fertility clinics, E-commerce, and others. The drug stores segment held a prominent share of the global market, in terms of revenue, in 2017.
Global Hormonal Contraceptives Market: Geographical and Competitive Dynamics
In terms of geography, the global hormonal contraceptives market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries.
The report also profiles major players in the global hormonal contraceptives market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include ALLERGAN, Afaxys, Inc., Bayer AG, Agile Therapeutics, Inc., Merck & Co., Inc., Pfizer Inc., HLL Lifecare Limited, and Piramal Enterprises.
The global hormonal contraceptives market has been segmented as follows:
by Distribution Channel