-- Competitive Dashboard:
Pharmaceuticals, HLL Life Care, Sopharma AD, V Care Pharma, and Ferring B.V are some of the prominent players participating in the landscape of the global contraceptive pills market. These players are expected to contribute significantly to the expansion of the market in the years to come.
Market Synopsis:
According to the report, the market is prognosticated to record a CAGR of 2.2% across the projection period 2016 to 2022.
Contraceptive pills are likely to witness considerable demand in the years to come. The observation offered by Market Research Future (MRFR) unfolds that the global contraceptive pills market is expected to enter a phase of maturity in the foreseeable future.
Contraceptive drugs are used to prevent the unwanted pregnancy by blocking the normal process of ovulations or by altering the process which support the fertilization of egg. Most pills contain two sorts of manufactured (man-made) female hormones: estrogen and progestin. These are like the estrogen and progesterone regularly made by the ovaries. These pills are called "combination oral contraceptives," and there are a wide range of these kinds.
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 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).
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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.
Industry News
Inhealthcare, a leading UK-based digital healthcare company has reported sealed a collaboration deal with sin NHS organisations in the North East. The agreement will allow both patients and clinicians leverage a slew of digital programs collectively known as ‘health call’.
Livongo, a US-based healthcare technology companies that focus of offering solutions to patients with diabetes is reportedly going public. The decision is aligned with the increased digital healthcare IPOs. The firm priced its shares at USD 28 each, taking its valuation to over 2 Bn.
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.
The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The contraceptive pills market appears to be highly competitive owing to the presence of several large and small key players accounting for a substantial market share. Well established players are getting into various product launches in order to gain competitive advantage in this market and to maintain their market position.
Browse Complete Report at https://www.marketresearchfuture.com/reports/contraceptive-pills-market-2122 .
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Address: Contact:, , Market Research Future, , Office No. 528, Amanora Chambers, , Magarpatta Road, Hadapsar,, , Pune - 411028, , Maharashtra, India, , +1 646 845 9312, , Email: [email protected]
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