Low Cost Contraceptive Practices Drives Major Growth for the Hormonal Contraception Market
The Hormonal Contraception Market
deals with development of birth control methods like oral pill, implanted, injected, IUD and some others. Hormonal contraception refers to birth control method that is used to prevent pregnancy, which acts on the endocrine system and is widely used by females.
Several types of female hormones are used to prevent ovulation and avoid fertilization. Depending upon type of hormonal contraception it is determined whether the hormonal exposure is continuous or intermittent. Hormonal contraception also results in changes in the uterus making it unlikely to develop pregnancy. Increase in adoption of hormonal contraceptive birth control is the major key growth factor of the Hormonal Contraception Market.
Globally rising female population and implementation of temporary and low cost contraceptive practices instead of permanent contraception are the primary growth factors of the Hormonal Contraception Market. Urbanization and increased consciousness about hormonal contraception and the policies setup by the governments to promote hormonal contraceptives are creating new opportunities for the growth of the market. However, harmful side effects that will cause by using hormonal contraceptives is the key restraint for the market.
Asia-Pacific is dominating the Hormonal Contraception Market, due to growing population in this region. North America is leading with the next position followed by Europe and Rest of the World. Asia-Pacific is also projected to witness the fastest and highest growth over the forecast period.
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