According to a research report published by Spherical Insights & Consulting, The Global Contraceptive Drugs Market Size Expected to Grow from USD 18.53 Billion in 2023 to USD 40.08 Billion by 2033, at a CAGR of 8.02% during the forecast period 2023-2033.

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Controlling the birth rate, preventing unintended pregnancies, and reducing the risk of sexually transmitted diseases (STDs) are the three basic objectives of contraception. Fertile women use these drugs after puberty but before menopause, which is between the ages of 15 and 44. Many people use contraceptive drugs for family planning and birth control, as well as to prevent STIs and pregnancy. One form of birth control is contraceptive medication, which is used to avoid getting pregnant. Increasing rates of unwanted pregnancies, sexually transmitted diseases, technological advancements in devices, and women’s increased awareness of sexual health are some of the factors contributing to this incremental increase rate. Furthermore, the overall contraceptive market is growing as a result of the steadily rising prevalence of contraceptives. An increasing number of people are searching for effective, reversible prevention against unintended pregnancies as women’s empowerment and awareness of sexual health issues grow. However, the synthetic hormones progesterone and estrogen, which are found in contraceptive pills, are known to have several negative consequences on women.

Browse key industry insights spread across 207 pages with 110 Market data tables and figures & charts from the report on the Global Contraceptive Drugs Market Size, Share, and COVID-19 Impact Analysis, By Product (Oral (Combined Contraceptives and Progestin-only Pills), Injectable, and Patches), By Distribution channels (Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel and NGOs, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The oral segment is expected to hold the market with the maximum market share over the forecast period.

On the basis of the product, the contraceptive drugs market is divided into oral, injectable, and patches. Among these, the oral segment is expected to hold the market with the maximum market share over the forecast period. This is attributed to the use of oral contraceptives and demand is continuously increasing, particularly in developing countries. This is due to oral contraceptive tablets’ therapeutic benefits over other traditional methods and their lower cost compared to other contemporary methods of contraception.

The retail pharmacy segment is expected to hold the greatest share over the forecast period.

On the basis of the end-user, the contraceptive drugs market is divided into hospital pharmacy, retail pharmacy, clinics, online channel, public channel and NGOs, and others. Among these, the retail pharmacy segment is expected to hold the greatest share over the forecast period.  This is attributed to the public’s increasing demand for contraceptive tablets and their increasing awareness of the variety of contraceptive drug alternatives are in line with this. Birth control tablets can be purchased over the counter in several nations.

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North America is expected to hold the largest share of the contraceptive drugs market through the projected timeframe.

North America is expected to hold the largest share of the contraceptive drugs market through the projected timeframe. Propelled by factors such as contemporary healthcare facilities, encouraging government programs, and elevated consciousness levels. Many alternatives are sold over-the-counter or through medical experts, and contraceptives are readily available in countries such as the United States and Canada. Increased awareness and usage of contraceptives are also facilitated by comprehensive sexual education programs in educational and community contexts.

Asia Pacific is anticipated to grow at a rapid CAGR growth in the contraceptive drugs market throughout the forecast period. Growing public awareness of contraceptive pills and government initiatives to expand access to these drugs are driving up demand for them.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global medical device regulatory affairs market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global contraceptive drugs market are Allergan, Bayer AG, Pfizer Inc, Piramal Enterprises Ltd., Johnson and Johnson Private Limited, Mylan N.V., Teva Pharmaceutical Industries Ltd., Merck and Co., Inc., Lupin Limited, Cipla Ltd., Famy Care Ltd., Mithra Pharmaceuticals, Abbvie, Janssen Pharmaceuticals, Inc., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In August 2023, The Turqoz (Norgestrel and Ethinyl Estradiol Tablets USP) medication from Lupin was authorized by the US FDA. This is Wyeth Pharmaceuticals LLC’s generic version of the Lo/Ovral-28 pill.
• In June 2023, The Biden-Harris administration and Upstream established a public-private partnership to increase access to contraceptives and address the widening health disparities in the United States.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global contraceptive drugs market based on the below-mentioned segments:

Global Contraceptive Drugs Market, By Product

• Oral
  • Combined Contraceptives
  • Progestin-Only Pills
• Injectable
• Patches

Global Contraceptive Drugs Market, By Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Clinics
• Online Channels
• Public Channels & NGOs
• Others

Global Contraceptive Drugs Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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