Report ID: SQMIG35I2132
Report ID:
SQMIG35I2132 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
80
Hormonal Contraceptive Market size was valued at USD 18.05 Billion in 2023 and is poised to grow from USD 18.83 Billion in 2024 to USD 26.38 Billion by 2032, growing at a CAGR of 4.31% during the forecast period (2025-2032).
Hormonal contraceptives are highly effective at preventing pregnancy when used correctly, but they do not protect against sexually transmitted infections (STIs). Therefore, it's important to use additional methods of protection, such as condoms, if you are at risk for STIs. These can also have side effects, such as headaches, nausea, breast tenderness, and changes in menstrual bleeding patterns, so it's important to talk to your healthcare provider about the risks and benefits before choosing a method.
The global hormonal contraceptive market is a rapidly growing industry, expected to grow at a compound annual growth rate (CAGR) of approximately 4.5% from 2022 to 2030. The growth of the market is driven by increasing awareness and acceptance of contraceptives, the rising prevalence of sexually transmitted infections, and the growing demand for effective family planning methods. Among the different types of hormonal contraceptives, oral contraceptives are the most widely used, accounting for the largest share of the market. The combination pills segment, which contains both oestrogen and progestin hormones, holds the largest market share due to their effectiveness and convenience of use. However, the progestin-only pills segment is expected to grow at a faster rate due to their lower risk of side effects and suitability for women who cannot take oestrogen.
US Hormonal Contraceptive Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35I2132