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.
The issue of problem explosion has encouraged the increasing consumption of contraceptive pills. It has motivated the governments to invest in its distribution for market penetration. In addition, non-profit organizations are also expected to support the use of pills. These factors are expected to expedite the revenue growth of the contraceptive pills market in the years to come. The social awakening regarding the use of these pills supported by organizations is expected to lead the growth of the market in the forthcoming years.
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The ongoing protest against abortion has escalated serious concerns regarding accidental pregnancies. This, in turn, is projected to shed light on the pills as a safer option, thus, supporting its increased sales. Also, the easier access to the product is likely to catapult the contraceptive pills market on upward trajectory. However, the availability of alternatives such as condom is expected to check the expansion of the contraceptive pills market over the next couple of years. Increasing awareness about the availability of alternatives is poised to restrict the market growth in the years to come.
Contraceptive pills cause several side effects such as a change in gynecological issues, hormonal imbalance, etc. Some of these pills, especially emergency contraceptive pills, can adversely affect the fecundity of women. This, in turn, is projected to check the expansion of the contraceptive pills market over the next few years. However, the research & development of male contraceptive pills is likely to have a positive impact on market growth in the forthcoming years.
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.