Oral contraceptive pills market to reach $22.9 billion by 2023 - Study

The global oral contraceptive pills market is expected to reach an estimated value of $22.9 billion in 2023 at the annual growth rate of 6.6% against $13.1 billion in 2014, according to a report by Transparency Market Research.

Oral contraceptive pills are the most common form of reversible contraception in the developed economies of the world such as the USA, Canada, the Western Europe and Australia. Their high effectiveness (99.9% when accurately used and 92% when typically used) and convenience in use, drive the oral contraceptive pills segment.

Based on the product types, the global oral contraceptives market is segmented into combination pills, progestin only pills and others. Combination pills are further categorized into three segments including monophasic pills, triphasic pills and others.