According to Transparency Market Research’s latest report on the global oral contraceptive pills market for the historical period 2017–2018 and forecast period 2019–2027, high incidence of unintended pregnancies, awareness programs by governments and NGOs, increase in maternal age and late pregnancies are projected to drive the global oral contraceptive pills market during the forecast period. According to the report, the global oral contraceptive pills market was valued at US$ 1 Bn in 2018 and is anticipated to expand at a CAGR of 6% from 2019 to 2027. Unintended Pregnancies Still Leading Driving Factor for Market Growth Contraceptive pill or birth control pill is a daily pill that contains hormones to change the way the body works and prevents pregnancy. Two main types of oral contraceptive pills are available in the market: combination pill containing two hormones (estrogen and progestin) and progestin-only pill. Contraceptive pill or birth control pill is a daily pill that contains hormones to change the way the body works and prevent pregnancy. Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=8323 Two main types of oral contraceptive pills are available in the market: combination pill containing two hormones (estrogen and progestin) and progestin-only pill. High incidence of unintended pregnancies among women aged between 15 and 44 drives the demand for contraceptives. Large percentage of these unintended pregnancies result in abortions, which entail preventable healthcare expenditure. In an attempt to curb this redundant healthcare expenditure, governments of various countries, including developed and developing nations such as the U.S., Sweden, Norway, and India, encourage women to opt for more effective modern contraceptive methods. Governments of various countries and NGOs such as Population Services International (PSI), Marie Stopes International, and Futures Group, along with prominent market players organize family planning programs and contraception awareness programs to expand the knowledge about contraceptives and their advantages in preventing pregnancy. For instance, Marie Stopes International entered into strategic agreements with contraceptive manufacturers, such as Bayer HealthCare, to cater to the unmet contraception (pill and implant) needs of women in the emerging and underdeveloped (Africa) economies by reducing prices. Request for Analysis of COVID19 Impact on Oral Contraceptive Pills Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=8323 Social Taboos to Hamper Market Growth Contraceptive drugs involve several health risks and side effects, discouraging their use in women. Hence, women opt for natural contraceptive and permanent contraceptive methods such as sterilization, vasectomy, tubal ligation, and withdrawal. Contraceptive pills carry serious long-term and life-threatening side effects such as increased risk of breast cancer, blood clots, and stroke. This discourages the consumers from using them.
Oral Contraceptive Pills Market Size will Observe Lucrative Surge by the End 2027
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