Industry Background:
Birth Control Pills are primarily used to prevent the unwanted pregnancy by blocking the normal process of ovulation or by altering the process which supports the fertilization of an egg. Most pills contain two sorts of manufactured (man-made) female hormones which are estrogen and progestin. They contain a small amount of man-made progestin and estrogen hormones. These hormones work to inhibit the natural cyclical hormones of the body to prevent pregnancy. The market of the birth control pills is increasing due to the growing need of population control and increasing incident of the abortion, but the rising occurrence of infertility amongst women is restricting the further use of birth control pills
According to AMA, the market for Birth Control Pills is expected to register a CAGR of 7.4% during the forecast period to 2026. This growth is primarily driven by Increasing need of population control and increasing incident of abortion, Governmental initiatives for minimizing unwanted pregnancy, and High incident rate of unintended pregnancies is leading to unmet birth control pills needs.
Globally, a noticeable market trend is evident Increasing awareness and healthcare expenditure, and increasing in use of birth control pills
. The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Merck (United States), Pfizer (United States), Teva Pharmaceutical (Israel), Bayer (Germany), Allergan (Ireland), Janssen (United States), Mankind Pharma (India), Piramal Enterprises (India), Reckitt Benckiser (United Kingdom) and Church & Dwight (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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Regulatory Insights:
Government of various country and NGOs has taken initiatives of awareness programs which are promoting the use of contraceptive pills globally
Market Drivers
- Increasing need of population control and increasing incident of abortion
- Governmental initiatives for minimizing unwanted pregnancy,
- High incident rate of unintended pregnancies is leading to unmet birth control pills needs
Market Trend
- Increasing awareness and healthcare expenditure, and increasing in use of birth control pills
- Increasing maternal age and late pregnancies
Restraints
- Side effects associated with the use of birth control pills
- cultural or religious opposition
Opportunities
Ethical and social issues restrict the use or subsidies on birth control pills in some countries and Presence of large unmet contraceptive needs in emerging Asian and African countries
Challenges
Rising occurrence of infertility amongst women is restricting the use of birth control pills and Social and ethical issues are expected to restrict the use of birth control pills in the near future
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Birth Control Pills Study Sheds Light on
The Birth Control Pills Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Birth Control Pills industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Birth Control Pills industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.