The global oral contraceptive market has gained much prominence over years owing to a high incidence of unwanted pregnancies and various awareness programs run by governments and NGOs. Contraceptive pills, also known as birth control pills, are used in changing the hormonal cycles and preventing pregnancy. The rise in the concept of family planning has fueled the growth of the global oral contraceptive market. Moreover, the advantages of the oral contraceptive method over abortion to get rid of unwanted pregnancy helped the global oral contraceptive market in maintaining a positive growth rate.
- Similarity in Composition with Natural Hormones Triggers the Growth of Combination Pills: In terms of types of products, the global oral contraceptive pills market has been divided into progestin-only pills, combination pills, and others. Combination pills are oral contraceptive pills composed of Ethinyl estradiol and progestin that are similar to natural sex hormones progesterone and estrogen produced in a woman’s body. This makes them highly efficient against pregnancy prevention, safer to use, and easily available. The composition pills can have a variable amount of estrogen level. Low level of estrogen causes less bloating or breast tenderness.
- Government Reimbursement Policies in North America Makes Contraceptive Market Growth More Favorable: In terms of geography, the global contraceptive pills market has been categorized into Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa. Increased awareness about contraceptive methods and availability of beneficial reimbursement policies after implementation of the Affordable Care Act has led to the leadership of North America in the global contraceptive pills market.
- Improving Economic Condition Makes Asia Pacific Opportunity-Laden Market: Asia Pacific is anticipated to rise with the highest growth rate due to strong economic growth in countries such as Australia, India, China, Philippines, Singapore, and others. High incidences of unwanted pregnancy and rapidly increasing population in countries such as India and China has led to the promotion of contraceptive methods by government and NGOs.
Moreover, the increased use of contraceptive pills to prevent pregnancy after unprotected sex will mark a growth in the oral contraceptive market globally.