Global Contraceptive pills Market   - Overview

Against origination drug pills which are additionally called as oral contraceptive pills are a sort of female hormonal enemy of origination medicine method and are very practical at staying away from pregnancy. These pills are little tablets that a patient swallow consistently. These contraception pills are been utilized from antiquated times yet the save and powerful techniques are present and accessible from twentieth century. Contraceptive medications are utilized to forestall the undesirable pregnancy by obstructing the typical course of ovulations or by adjusting the interaction which support the treatment of egg. Most pills contain two kinds of fabricated (man-made) female chemicals: estrogen and progestin. These resemble the estrogen and progesterone consistently made by the ovaries. These pills are classified "mix oral contraceptives," and there are a wide scope of these sorts.

Globally the market for contraceptive pills is growing at a low rate but with increasing prevalence of sexually transmitted diseases will upsurge the growth of this market in coming future. According to a recent study report published by the Market Research Future, the global contraceptive pills market trends is booming and expected to gain eminence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a prominent CAGR during the anticipated period (2017 – 2022).

Increasing need of population control and increasing incident of abortion has driven the growth of the market. Governmental initiatives for minimizing unwanted pregnancy, increasing awareness and healthcare expenditure, and increasing in use of contraceptives drugs has provided fuel for the growth of the market. While the side effects of the treatment and strict governmental rules in many countries may hamper the growth of the market.

Geographically, North America commands the largest market for the contraceptive drug market. Approximately 3 million women in North America experiences unplanned pregnancy. Beside this 90 % of the women use some of the method of contraception. Thus increasing number of abortion and rate of unplanned pregnancy has driven this market in North America. Major market of North America is contributed by US which is followed by Canada. Increasing awareness and minimizing the healthcare expenses by curbing number of abortion in US encourage contraceptive use among women. North America contraceptives drug market is expected to grow at a CAGR of 5.9 % during forecasted period.

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Global Contraceptive pills market trends - Competitive Analysis

Merck Co., Inc (US), Pfizer Inc (US), Teva Pharmaceutical Industries Ltd. (Israel), Bayer AG (Germany), Allergan plc. (Ireland), Janssen Global Services llc. (US), Mankind Pharma Ltd. (India), Piramal Enterprises Ltd (India), Reckitt Benckiser Plc (UK), Church Dwight (US), The Female Health Company (US), Mayer Laboratories (US), Cooper Surgical (US) are some of the prominent players at the forefront of competition in the Global Contraceptive pills market trends and are profiled in MRFR Analysis. 

The market for contraceptive pills is portrayed by the presence of a few deeply grounded and little players, the worldwide market of contraceptive pills has all the earmarks of being profoundly serious and divided. Central parts are progressively extending their impression in the arising countries, making it coming down on the provincial players, particularly as far as elements like sort, item portfolios, and valuing. The market is seeing increased contest as would be considered normal to get more escalated further during the estimate time frame. The contraceptive pills market has all the earmarks of being exceptionally serious attributable to the presence of a few huge and little central participants representing a significant market share. Deeply grounded players are setting into different item dispatches up to acquire upper hand in this market and to keep up with their market position.

For instance, in 2015, Pfizer Inc. has introduced SAYANA, first injectable contraceptive in UK which can be self-administered.

While, in 2015, Teva Pharmaceutical Industries Ltd. has launched Beyaz which is a generic contraceptive drug. It is one of the most successful product of the company and in 2016 it has annual sales of approximately $133 million in the US. Recently, in March 2017, the company has launched a new product Minastrin in the market. Moreover, the company has launched the generic version of Janssen’s birth control pills Ortho Tri-Cyclen Lo. Into the brand name of Tri-Lo-Sprintec (norgetimate and ethinyl estradiol) tablets. 

Therefore, the growing partnerships and product launches to expand their presence in various parts of the globe for their competitive products has spurred the growth of the market.  

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