The global combined hormonal contraceptives market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Hormonal contraceptives are termed as the birth control measure which primarily acts on the endocrine system of the human body. However, few side effects associated with them has propelled the concept of combined hormonal contraceptives. Its health benefits include reduced risk of iron deficiency or anemia, endometriosis and its use in the treatment of acne vulgaris, irregular menstrual flow, as well as polycystic ovarian syndrome. Thus, these advantages offered by the combined hormonal contraceptives are primarily anticipated to drive the market growth all over the globe.
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Further, the growing unplanned pregnancies all over the globe are also calling for an optimum solution such as combined hormonal contraceptives. Therefore, as a measure to avoid such conditions, combined hormonal contraceptives as a preventive medication is anticipated to gain huge traction globally. Adding to this, growing awareness about the benefits as well as use of contraceptives coupled with the government support are the major factors driving the global combined hormonal contraceptives market. According to the World Health Organization (WHO), 16 million girls aged 15-19 give birth every year all over the globe which accounts to approximately 11% of all births globally. In order to prevent these unplanned births, global awareness programs such as “It’s your life, it’s your future” by the WHO and world contraception day were initiated. Moreover, in 2020, according to the United Nations Department of Economic and Social Affairs, about 1.1 billion women aged between 15 and 49 were considered to have a need for family planning.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Product Type
· By Age Group
· By End-User
• Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape: AbbVie Inc., Actavis plc, and Bayer AG, among other.
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Global Combined Hormonal Contraceptives Market Report by Segment
By Product Type
• Drugs
• Devices
By Age Group
• 15-24
• 25-34
• 35-44
• Above 44 Years
By End-User
• Hospitals
• Household
• Clinics
Global Combined Hormonal Contraceptives Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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