Emergency Contraceptive Pills Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Emergency Contraceptive Pills Market: Snapshot
In the decades gone by, populations expanded uncontrollably as sex or intercourse formulates an important activity for humanity but there were no measures to refrain from pregnancy when not desired. However, in the past couple of decades, condoms have emerged as a formidable tool for birth control, although they are prone to tearing and leakage as well as not available everywhere. Urban populations are indulging into sex activities more for pleasure rather than making babies and these pairs are utilizing emergence contraceptive pills, which generally are formulations of hormones called progestin or levonorgestrel, ulipristal acetate, or both.
There are both genetic and patented formulations available for emergency contraceptive pills and the market for the same has been steadily incrementing. As per the findings of this business publication, the vendors of this market are poised for a fruitful future with the demand multiplying at profitable CAGR as a result of growing awareness levels among the metropolitan areas across the world.
So far, these specific birth control pills have remained limited for consumption by the females. However, a recent research study by the American Chemical Society has reported a good lead towards made birth control pills. The development is based on ouabain, which is an extract from plant that African hunters and warriors had been using for curing against heart stopping poison delivered through arrow in the ancient times.
It has been observed that ouabain can disrupt the transfer of calcium and sodium ions via the membrane protein. This is attributed for being essential for fertility, and its requirement has been tested and proven on male mice. There was no toxicity observed in the rats and if the clinical researches goes as anticipated, this advent may open strong new opportunities in the global emergence contraceptive pills market.
Global Emergency Contraceptive Pills Market - Overview
Currently, the global market for emergency contraceptive pills is reporting a steady rise, owing to the increasing cases of unprotected sex across the world. However, the increasing awareness among consumers regarding the harmful effects of these pills is likely to slow down its growth pace in the years to come. This market study is an analytical research of the performance of the global market for emergency contraceptive pills in past and during the period from 2017 to 2025. The research especially emphasize on the market boosters, growth barriers, challenges, opportunities, and the prominent trends in this market in order to determine its future status.
Global Emergency Contraceptive Pills Market - Drivers and Restraints
With the increasing trend of casual sex and the carelessness on the part of a number of young people, the demand for emergency contraceptive pills is rising, steadily. However, various factors, such as time constraints associated with the intake of these pills to the high risk of their side-effects, are projected to limit the uptake of emergency contraceptive pills in the years to come.
Global Emergency Contraceptive Pills Market - Segmentation
The global emergency contraceptive pills market can mainly be evaluated on the basis of product. The key products available in this market are combined oral contraceptives, estrogen pills, and progesterone pills. With nearly 40% share in the global market, the combined oral contraceptives segment acquired the leading position in 2017 and the trend is likely to remain so over the next few years. On the flip side, the estrogen pills segment is expected to decline in the years to come. The progesterone pills segment is also anticipated to lose traction over the forthcoming years, as the consumption of progesterone pills, many a times, causes hot flashes, diarrhea, breast pain, and joint pain.
Global Emergency Contraceptive Pills Market - Regional Outlook
On the basis of the geography, the global market for emergency contraceptive pills mainly registers its presence across Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. North America leads the global market among all the regions. Various U.S.-based establishments, such as the International Consortium for Emergency Contraception, an organization, which aims to expand the access to proper emergency contraception products, are projected to encourage the usage of emergency contraceptive pills among people in this region. The fast-spreading urban culture across various developed and emerging markets, such as Europe and Asia Pacific, are also demonstrating a rise in mutual consent among partners for unprotected sex, leading to an increasing demand for emergency contraceptive pills.
Global Emergency Contraceptive Pills Market - Competitive Analysis
The global market for emergency contraceptive pills has been demonstrating a highly competitive vendor landscape. The presence of a massive pool of players has intensified the degree of competition between them. Bayer AG, Piramal Enterprises Ltd., Teva Pharmaceutical Industries Ltd., HRA Pharma, Lupin Ltd., Mankind Pharma Ltd., Richter Gedeon Nyrt, Zhejiang Xianju Pharmaceutical Co., Cooper Pharma, and Pfizer Inc. With new players entering the market continuously, the competition within the market is projected to intensify further in the near future.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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