Contraceptive Pills Market: Current Analysis and Forecast (2022-2028)

Report Description

Contraceptive pills Market was valued at more than USD 13 billion in 2021 and is expected to grow at a CAGR of around 6% from 2022-2028. There are different types of contraceptive pills available, including combination pills, which contain both estrogen, progestin, and progestin-only pills, which only contain progestin. The type of pill prescribed may depend on factors such as a woman’s health history and personal preferences. There are several driving factors in the contraceptive pills market such as the rising demand for non-invasive and reversible contraceptive methods, coupled with the increasing focus on women’s health. Contraceptive pills offer women the freedom to control their reproductive health and make informed decisions about their lives. For instance, according to the report updated by UN Population Fund in March 2021, around 1.4 million unplanned pregnancies occurred in 115 low and middle-income countries. Additionally, the growing trend of delayed childbirth and the rising women’s workforce in various industries has also boosted the demand for contraceptive pills. The market is also expected to witness growth due to the increasing use of online platforms to purchase contraceptives, making it easier for women to access these products.

Pfizer Inc.; Merck & Co., Inc.; Teva Pharmaceutical Industries Ltd.; AbbVie Inc.; Bayer AG; Janssen Global Services, LLC; HLL Lifecare Limited; Mylan N.V.; Piramal Enterprises Ltd.; Amneal Pharmaceuticals LLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, progestin pills category to witness robust CAGR during the forecast period.”

Based on type, the market is segmented into combines contraceptive pills and progestin pills. Amongst, the progestin pills category is to witness a higher CAGR during the forecast period. This is mainly due to these pills are safer for women with certain medical conditions, such as a history of blood clots or high blood pressure, and these pills provide a safe, convenient, and effective option for women who cannot or do not want to use combination pills. Also, with growing innovation and development, the market is expected to grow in the coming years.

“Amongst distribution channel, the online channel held a significant share in the market in 2021.”

On the basis of distribution channel, the market is categorized into hospital pharmacy, retail pharmacy, clinics, online channel, public channel & NGOS, and others. Among these, the online channel category held a significant share of the market in 2021. This is mainly due to the availability of convenience, choice, affordability, and privacy to women seeking effective birth control methods. As online platforms continue to evolve and improve, the market is expected to see even greater growth and expansion in the coming years.

Contraceptive pills Report Coverage

“Europe to hold a significant share in the market”

For a better understanding of the market adoption of the contraceptive pills industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe is anticipated to grow at the fastest CAGR during the forecast period. This is mainly due to the rising awareness about sexually transmitted infections (STIs), the rise in government initiatives, and the growing rate of unintended pregnancies leading to abortions are driving the growth of the market in the region. These are the major factors driving the market growth. For instance, in 2018 and 2019, the Contraception Atlas of Europe found that 69% of European women use contraception, and 43% of those pregnancies were unintended.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global contraceptive pills market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Research Methodology

Research Methodology for the Contraceptive Pills Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global contraceptive pills market were the three major steps undertaken to create and analyze the adoption of contraceptive pills in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global contraceptive pills market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the contraceptive pills market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the contraceptive pills market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Contraceptive Pills Market. Further, we conducted factor analysis using dependent and independent variables such as various type and distribution channels of contraceptive pills. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the contraceptive pills market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global contraceptive pills market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the contraceptive pills market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global contraceptive pills market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global contraceptive pills market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and distribution channel in the global contraceptive pills market.

The main objective of the Global Contraceptive Pills Market Study

The current & future market trends of the global contraceptive pills market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the contraceptive pills market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type and distribution channel.
• Define and analysis of the regulatory framework for the contraceptive pills
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the contraceptive pills market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Contraceptive Pills Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry