Industry Background:
Oral contraceptive drugs are is pill used to prevent unwanted pregnancy by blocking the normal process of ovulation or by altering the process which supports the fertilization of an egg. Pills include progestin and estrogen hormones. The market for birth control pills is increasing owing to the growing need for population control and increasing incidents of abortion.This growth is primarily driven by High Incident Rate of Unintended Pregnancy, An Increasing need for Population Control and Increasing Incident of Abortion and Ease of Use and Low Cost of Oral Contraceptive Drugs.
Globally, a noticeable market trend is evident Increasing Maternal age and Late pregnancies. Major Players, such as Merck (United States), Pfizer (United States), Teva Pharmaceutical (Israel), Actavis (United States), Johnson & Johnson (United States), Gedeon Richter (Hungary) and Novo Nordisk A/S (Denmark) 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:
In July 2019, Lyndra Therapeutics (the US), a leading pharmaceutical product company, announced the receiving of USD 13 MN grant from Bill and Melinda Gates Foundation toward the development of a once-a-month oral contraceptive
Regulatory Insights:
According to the centers for disease control and prevention, in 2017, it was estimated that about 194,377 babies were born to women, aged 15-19 years, for a birth rate of 18.8 per 1,000 women, in this age group.
Market Drivers
- High Incident Rate of Unintended Pregnancy
- An Increasing need for Population Control and Increasing Incident of Abortion
- Ease of Use and Low Cost of Oral Contraceptive Drugs
Market Trend
- Increasing Maternal age and Late pregnancies
Restraints
- Side Effects Associated with the Use of Oral Contraceptive Drugs of High Dosage
- Increased Usage of Alternative Birth Control Method
Challenges
Rising Occurrence of Infertility amongst Women is Restricting the Use of Drug
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, Oral Contraceptive Drugs Study Sheds Light on
The Oral Contraceptive Drugs Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Oral Contraceptive Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Oral Contraceptive Drugs 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.