The World Contraceptive Drugs Market Accruals USD 22.15 Billion With 6.5 % of CAGR; Declares MRFR Releasing Industry Prognostications Up To 2023

Contraceptive Drugs also known as Contraceptive Pills/ Birth control Pills have been offering reliable access to birth control for Women worldwide proving to be an effective family planning tool, since its introduction 1960. The opportunity to delay having children opened the door to higher education and professional careers for many women and for millions of families to control their overhead expenses during the economical slow down simultaneously, controlling abortion rate and contributing to all anti-abortion forces. There have been additional methods developed for women such as implants, patches, vaginal rings and injectable but Contraceptive Drugs have been a women’s all-time favourite when it comes to birth-control or family planning owing to the convenience it offers.

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Contraceptive Drugs are also considered to be helpful to alleviate menstrual pain and ease heavy bleeding, but the hormonal changes needed to accomplish that may have some negative psychological side effects although these Contraceptive Drugs have been claimed to be having a favourable benefit-risk profile when used as directed. Some women can’t tolerate the adverse/side effects stemming from manipulation of the hormones. Others can’t use contraceptives at all, because of underlying health conditions. So far, much has been talked about adverse effects that invariably come along with the benefits of Contraceptive Drugs. Linking Contraceptive pills with right from unexpected hormonal changes leading to depression/nervous breakdown to blood clots that cause arteries in the lungs to get blocked or clotting in limbs that results in paralysis to deadly diseases, such as breast cancer, Lungs cancer, and blood clotting that may lead to cardiac attack. Some studies have even linked contraceptive drugs with the Suicidal Tendency.

Despite of all said and done, Contraceptive Drugs have been increasingly gaining popularity and its market is gaining increasing traction on the global platform. The global Contraceptive Drugs Market has been accruing pervasively mainly due to efficacy in birth controlling and family planning.

Taking a note of the impressive growth the Contraceptive Drugs Market is perceiving currently, and the potential accruals the market will reach up to, the Market Research Future has recently published a meticulous study report giving out the complete market prognosis up till 2023. According to the MRFR analysis the global Contraceptive Drugs Market is projected to witness high growth prospects reaching to USD 22.15 Billion by 2023 posting a striking CAGR of 6.5% during the forecasted period 2017 – 2023. 

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The Global Contraceptive Drugs Market is growing with the rapid pace; mainly due to the worldwide growing population that needed to be controlled on the war front in interest of the planet. Youngsters especially, teen agers are helping change the dynamics of the potentially huge market for Contraceptive Drugs. Teen agers are widely accepting contraceptives to enjoy the pleasure of intimate relationships. Additionally, government initiatives for increasing education and promoting used of contraceptive for avoiding unwanted birth have also played an important role in the growth of contraceptives market. The health authorities have been supplying free contraceptive drugs over past 50 years, when governments worldwide began promoting family planning and contraception was included as part of the basic public health service programme. Every year these health authorities and Family Planning Commissions worldwide buy billions of packets of contraceptive drugs to distribute free of charge under a programme designed to control birth rates globally eventually supporting the contraceptive drugs market growth.
On the other hand, hazardous side effects of Contraceptive Drugs coupled with the cultural and religious oppositions in developing countries are likely to hamper the market growth of Contraceptive Drugs during the anticipated period. However, worldwide government initiatives and programs of family planning will foster the market growth as pervasively as ever.

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Contraceptive Drugs Global Market   - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Contraceptive Drugs appears to be highly competitive. Manufacturers adopt modern manufacturing process to ensure safety and convenience. Manufacturers employ a continuous improvement strategy to analyze and update products, implementing improvements.  Key players strive to commercialize innovative, patented primary care and specialty medicines to enhance efficacy of their drugs for which they partner with global organizations for leading capabilities in research, development, manufacturing and business services.
Patient safety being the utmost importance to the Contraceptive Drugs manufacturers they continuously review the safety profile of their products worldwide and collaborate with health and regulatory authorities, sharing all relevant information.

Merck & Co., Inc. (US), Pfizer Inc. (US), Teva Pharmaceutical Industries Ltd. (Israel), Bayer AG (Germany), Allergan plc. (Ireland), Janssen Global Services llc. (US), Mankind Pharma Ltd. (India), Piramal Enterprises Ltd (India), Reckitt Benckiser Plc. (UK), Church & Dwight (US), The Female Health Company (US), Mayer Laboratories (US), and Cooper Surgical (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Contraceptive Drugs Market.

Industry/Innovation/Related News:
March 2017 – Women’s health expert and Well+Good Council member – Ms. Alisa Vitti launched period- and hormone-tracking app MyFLO that shows you how getting in sync with your cycle can help you operate at peak levels all month long, allowing you to plan your productivity as well as your fertility. Recently a few studies found that the contraceptive app Natural Cycles to be as effective at preventing pregnancy as the pill (when used correctly). However, creator of this app – MyFlow recommends its use along with the contraceptive drugs prescribed by the physician.

November 20, 2017 – Governor Charlie Baker (Massachusetts, US) signed legislation, An Act Advancing Contraceptive Coverage and Economic Security in the US Law. This comes in response to the Trump administration’s proposed rollback of Obama-era policies requiring employer health plans to cover birth control. This makes Massachusetts the first state to counter this policy. ACCESS requires health insurers to provide copay-free contraceptive options of no less than one type of FDA-approved birth control options, and was developed out of collaboration between health insurers and women’s health advocates.

Global contraceptive Drugs market is dominated by America. Increasing awareness among the people and high incidence rates of abortion has driven America contraceptive Drugs market. Europe command the second largest market which is followed by Asia Pacific. Increasing need of population control in Asia Pacific is the major driving factor for the growth of the market. Beside this increasing governmental initiatives to increase the reproductive education also contributed for the growth of the market. 

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