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Contraceptive Market to 2016
Contraceptive Market to 2016
High Growth Rate and Increasing Awareness Has Made Contraceptive Market Attractive
Hyderabad,
AP,
India
(prbd.net)
09/12/2010
The global hormonal contraceptive market is a fast growing market, with oral contraceptives considered to be the most common method of avoiding unplanned pregnancies by women. In 2009, the global contraceptives market was $11.2 billion and is forecast to grow to $14.5 billion by 2016, which represents a growth rate of 4% between 2009 and 2016. According to the report by the Guttmacher Institute, the number of women who are in need of public funded contraceptives, increased by one million between 2001 and 2004, and increasing at an ever faster rate. An increase in the number of women requiring public funded contraception shows an increasing awareness among women of contraceptive methods. This increasing awareness will accelerate growth in the contraceptive market in the coming years. As a result, the market will continue to be fast growing, thereby attracting the attentions of the major pharmaceutical companies.
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The contraceptives market has a strong pipeline base supporting growth in the market, and thereby attracting many pharmaceutical and biotechnological companies. Major pharmaceutical companies such as Teva, Watson, Bayer and Merck have active contraceptive pipelines. One of the major activities in the market at present is the development of generic versions of off patent drugs. The entry of these generic versions will boost the oral contraceptive market and thereby bring about further rises in the hormonal contraceptives market in the coming years. Also, the launch of blockbuster drug Beyaz in 2010, by Bayer, will help offset the decline in revenues due to patent expiries. The rapid entry of new players is set to intensify competition in this market. Also, the presence of a highly active pipeline is an indicator of strong market competition in the future.
GBI Research, the leading business intelligence provider, has released its latest research “Contraceptive Market to 2016 Demand for Long Acting Birth Control Pills Encourages Growth in Hormonal Contraceptives Market” which provides insight about contraceptive sales and price forecasts until 2016. The report also delves deep into global contraceptive treatment usage patterns. Further, contraceptive markets in the key geographies of the US, top five EU countries and Japan are also covered in the report. The report also includes details about contraceptive R&D pipelines and potential future blockbuster products. The report provides in-depth analysis of the main contraceptive classes, which includes oral contraceptives, injectables and topical contraceptives. Furthermore, it includes market forecasts and treatment usage patterns for each therapeutic class. The report also explores the competitive landscape, with a competitive analysis of the top companies in the market. Finally, a key trend analysis of mergers and acquisitions, and licensing agreements in the contraceptives market is also included.
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