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How big is the global oral contraceptive pill market?

How big is the global oral contraceptive pill market?

From an economic perspective, the overall relative value of the oral birth control market is enormous, when measured both on a global and on a US nationwide scale.

The North American oral contraceptive pills market was valued at USD 4.09 Billion in 2018 (Fortune Business Insights, 2020).

In the future, research predicts large-scale growth, with the US expected to continue to dominate market share, despite growth set to occur worldwide (Fortune Business Insights, 2020). Predictions are generally based upon historical milestones and current trends in oral contraceptives. 

There are many big players in this market – companies include: Merck, Pfizer, Teva Pharmaceutical, Bayer, Allergan, Janssen, Mankind Pharma, Piramal Enterprises, Reckitt Benckiser, and Church & Dwight (Market Watch, 2022). While these big companies will continue to benefit in the next 5-10 years, because of their well-established presence among women using contraceptives, smaller companies (on local and regional levels) are slowly increasing their trade and presence in the market. Reasons for this include: launching of innovative products and capacity restrictions which hound the large players (Market Watch, 2022).

For example, an MIT team is developing a contraceptive pill that needs to be taken only once a month. Moreover, it is a gelatin capsule that releases synthetic hormones in the stomach, preventing unwanted pregnancy (Market Watch, 2022). Smaller startups and research groups are often the sources of key developments within the oral contraceptives industry. However, it is difficult for these companies to enter the market, with the larger companies out-matching competitors on marketing and advertising to potential customers.

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How big is the global oral contraceptive pill market? Sources:

https://www.marketwatch.com/press-release/birth-control-pills-market-key-players-to-witness-huge-revenue-growth-between-2022-2028-merck-pfizer-teva-pharmaceutical-bayer-allergan-janssen-mankind-pharma-piramal-enterprises-reckitt-benckiser-church-and-dwight-2022-02-09

https://www.fortunebusinessinsights.com/industry-reports/contraceptive-pills-market-101802