Hormonal Contraceptives Market Share, Growth, Trends and Forecast 2022-2029

1. Growing Sexual Health Awareness, and Soaring Unplanned Pregnancy Cases Underpin Hormonal Contraceptives Market Growth Healthcare professionals, organisations, and government bodies across the world have started to take cognizance of the growing challenge of unplanned pregnancies. According to United Nations Population Fund (UNFPA) data, almost half of the pregnancies, about around 121 million every year, are unintended or unplanned pregnancies on the global front. This creates a myriad of problems which can range from limited career and economic growth prospects to even societal banishment and death. To overcome such growing challenges, the usage of both male and female contraceptive measures is being promoted across the globe. The hormonal contraceptives market is poised to exhibit tremendous growth during the projection period in such a business environment. In the course of the next few years, market entities are expected to boost their research and development capabilities to make hormonal contraceptives easier to use. Get Sample Copy ofHormonal Contraceptives Market: https://www.fairfieldmarketresearch.com/report/hormonal-contraceptives- market/request-sample Hormonal Contraceptives Emerge as Viable Tool to Overcome Unintended Pregnancies Challenge In the recent past, the challenge of unintended or unplanned pregnancies has proliferated. This is contributing to a global crisis where unintended pregnancies compel women across age groups to drop out of the workforce or educational institutes. This sets them up for a path of lifelong impact on their physical and mental health and economic well-being. Several health organisations in the world have taken cognizance of this growing challenge and are promoting the usage and accessibility of hormonal contraceptives. Moreover, unintended pregnancies out of wedlock can also lead to severe consequences in developing countries where premarital sex is stigmatised. These factors are providing impetus for global hormonal contraceptives market expansion. Efforts to Boost Contraceptives’ Ease-of-Usage and Access to Facilitate Prolific Growth Across Global Hormonal Contraceptives Market To boost the adoption of access to contraceptives, market players are developing more sophisticated solutions. To tackle the growing challenge of unintended pregnancies, many drug manufacturers of hormonal contraceptives are providing oral pills as an effective means of birth control. To this end, the number of pharmaceutical companies applying for approval of their hormonal contraceptives has increased at a fast pace. Moreover, some manufacturers are developing contraceptive pills obtained from plant sources. These novel and easy-to-use pills are expected to boost the consumption of contraceptives. Such developments are expected to stimulate fruitful business opportunities in the global hormonal contraceptives market during the forecast period.

2. High Population and Efforts to Boost Contraceptive Usage to Augur Growth in Asia Pacific A growing population and focused efforts to improve awareness of sexual health and family planning are boding well for the hormonal contraceptives market in the Asia Pacific. Moreover, the relatively high number of major pharmaceutical companies is enabling the region to emerge as the leading market. The region has been undergoing stable economic growth and healthcare infrastructure development, which is expanding access to contraceptives across economic groups. The cumulative force of these factors is poised to spearhead paced growth in the regional hormonal contraceptives market in Asia Pacific in the coming years. Prominent Market Players Some of the most competitive stakeholders in the global hormonal contraceptives market include Pfizer, Johnson & Johnson, Teva Pharmaceuticals, Allergan, Bayer AG, and Agile Therapeutics. For More Information ofHormonal Contraceptives Market: https://www.fairfieldmarketresearch.com/report/hormonal-contraceptives-market About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com Follow Us: LinkedIn