Hormonal Contraceptive Market Size And Forecast
The Global Hormonal Contraceptive Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Hormonal Contraceptive Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Hormonal Contraceptive Market was valued at USD 15.6 Billion in 2019 and is projected to reach USD 23.89 Billion by 2027, growing at a CAGR of 5% from 2020 to 2027.

What is Hormonal Contraceptive?
Hormonal contraceptives are used for birth control; different forms of hormonal contraceptives are birth control pills, hormone releasing contraceptive coils, the contraceptive skin patch and vaginal ring. Hormonal contraceptives influence the women’s hormone level and most of them act by preventing release of mature egg from ovaries and some also prevent fertilized eggs from implanting into the womb. Newer hormonal contraceptives methods such as skin patches and vaginal rings are less popular while older methods such as birth control pills are most prominently used. Hormonal contraceptives are also known to reduce pain during periods. Disadvantages of hormonal contraceptives are the possible side effects which range from mood swings, headaches and sore breasts to nausea, vaginal infection, and risk of blood clots.

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Global Hormonal Contraceptive Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Increase in the awareness of birth control methods and rise in urbanization and rise in menstruating population worldwide are likely to show significant growth in the hormonal contraceptives market. Additionally, initiatives taken by respective government and low cost contraceptives than permanent contraceptives methods are fueling the market growth. However, rise in use of novel newly arrived contraceptives method and government participation in promoting safe sex are restricting the market growth of hormonal contraceptives, as transmission of HIV infection is not prevented by hormonal contraceptives. WHO states that use of modern contraceptives use has risen from 54% to 57.4% from 1990 to 2015 globally. On the other hand collaboration and partnership for new product development and R&D are the strategies adopted by some of the players in the market which are likely to provide wide opportunity for hormonal contraceptives market. Recently in 2017, allergen and medicines 360 announced partnership with health centers and it shows that partnership has increased access to hormonal contraceptive of Levonorgestrel-releasing Intrauterine System (LILETTA) of the company and in 2018 U.S FDA has approved prevention of pregnancy for up to five years from three years..

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Hormonal Contraceptive Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Hormonal Contraceptive Market Competitive Landscape
The “Global Hormonal Contraceptive Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sun Pharmaceutical Industries Ltd. (India), Amgen (U.S.), Bayer Healthcare Pharmaceuticals (Germany), Novartis AG (Switzerland), Cipla Limited (India), Glenmark Pharmaceuticals (India), Lupin Pharmaceuticals, Inc (India), Pfizer, Inc. (U.S.), Piramal Healthcare Limited (India), and Teva Pharmaceutical Industries (Israel). Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Hormonal Contraceptive Market, By Type
• Pill
• Intrauterine Device (IUD)
• Injectable
• Vaginal Ring
• Implant
• Patch

Hormonal Contraceptive Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
o Middle-East-and-Africa
o Latin America
• Rest of the World
o Middle-East-and-Africa
o Latin America

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