Presently, the increased usage of contraceptives is contributing to the growth in the global hormonal contraceptives market. The high-population regions are extensively using birth control methods. The increasing government initiatives along with efforts from the medical industry have contributed to industry growth in the present times. These factors may bolster growth in the hormonal contraceptives market.
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There are various measures to control the increasing rate of population. The contraceptives correspond with biological birth control methods, and it further boosts the hormonal contraceptives market. The reluctance among masses to adopt external contraceptive technologies, for example, copper-T and condoms, have shifted their interest in the use of hormonal contraceptives.
The research report in hormonal contraceptive market has also identified several instances of growth in the contraceptives market. One such example is from healthcare centers where healthcare practitioners are also prescribing the scheduled intake of hormonal contraceptives for women. It is bolstering avenues in the hormonal contraceptives market in the upcoming years.
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Increasing Use of Hormonal Contraceptives Assures Prevention from Pregnancy
Hormonal contraceptives majorly affect the endocrine system. The contraceptives block estrogen function to prevent eggs development. The endocrine system serves as a key component in the human biological system. It is responsible for the management of secreted hormones in the human body. The contraceptives drugs that commonly work on this system are boosting sales in the hormonal contraceptives market globally.
The biological methods are extensively used as compared to external contraceptives. This factor may facilitate lucrative opportunities in the hormonal contraceptives market in the coming years.
Based on hormonal type, the hormonal contraceptives market is bifurcated into progestin and combined hormones. Different studies across the globe are conducted to identify the ill effects of hormonal contraceptives applications. However, there has been very little evidence that presents any severe after-effects of this method among young women.
Different researchers in the market research report on hormonal contraceptives have also studied the after-effects of the use of this birth-control method on body weight. The research report on the hormonal contraceptives market has traced popularity of hormonal contraceptives usage. As the weight of women remains unaffected, so this factor further bolsters hormonal contraceptives demand in the industry. In addition, the increasing research by healthcare practitioners in the hormonal contraceptives market is expected to create lucrative avenues in the near future.
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Some of the key players in the hormonal contraceptives market are Merck & Co., Inc., Bayer AG, Agile Therapeutics, Inc., and Afaxys, Inc.
Availability of Contraceptives across Drug Stores and E-Commerce Channels
The hormonal contraceptives are easily available on different distribution channels and platforms. The easy availability of these contraceptives has developed humongous demand in the hormonal contraceptives market.
Based on distribution channels, the hormonal contraceptives market is divided into gynecological centers, fertility clinics, e-commerce channels, and drug stores. Of them, drug stores are one of the most popular distribution platforms. Even in some regions, the consumers do not need a prescription to purchase hormonal contraceptives. So, it enables companies in the hormonal contraceptives market to promote and popularize their respective products.
Fertility clinics are also emerging as crucial points to sell contraceptives. Even some people also prefer to buy contraceptives through online platforms in order to maintain secrecy about their consumption patterns.
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The education level and increasing awareness about hormonal contraceptives among consumers across different regions are also boosting growth in the hormonal contraceptives market. Various countries in North America and Europe have successfully conducted awareness campaigns about growing need for birth control and related measures. These campaigns are also concentrating to educate people about different contraceptives methods. Such extensive measures are expected to fuel growth of the hormonal contraceptives market. Furthermore, developments in gynecology are also attracting investments in the hormonal contraceptives market.
The hormonal contraceptives market is divided into following segments:
- Hormonal Contraceptives Market, by Method
- Oral Contraceptives
- Transdermal Patches
- Injectable Contraceptives
- Intrauterine Contraceptives
- Vaginal Rings
- Hormonal Contraceptives Market, by Hormones
- Progestin Only
- Combined Hormones
- Hormonal Contraceptives Market, by Distribution Channel
- Drug Stores
- Gynecology/Fertility Clinics
- E-commerce
- Others
- Hormonal Contraceptives Market, by Region
- North America
- S.
- Canada
- Europe
- Germany
- K.
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South America
- Israel
- Rest of Middle Eat & Africa
- North America
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