Global Hormonal Implants Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Hormone;

Levonorgestrel and Etonogestrel.

By Type;

One Rod Device and Two Rod Device.

By Distribution Sector;

Public Sector and Private Sector.

By End User;

Hospitals & Clinics and Academic & Research Institutes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn140747802 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hormonal Implants Market (USD Million), 2021 - 2031

In the year 2024, the Global Hormonal Implants Market was valued at USD 1165.95 million. The size of this market is expected to increase to USD 1872.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global hormonal implants market has been experiencing notable growth, driven by several factors including rising prevalence of hormonal disorders, increasing awareness about long-acting contraceptive methods, and advancements in implant technology. Hormonal implants offer a convenient and effective solution for managing various hormonal conditions such as contraception, hormone replacement therapy, and hormonal disorders like hypogonadism. The growing demand for long-acting reversible contraceptives (LARCs) due to their high efficacy, convenience, and cost-effectiveness has significantly contributed to the expansion of the hormonal implants market.

Key players in the global hormonal implants market are investing in research and development activities to introduce innovative products and expand their market presence. Technological advancements such as the development of biodegradable implants and improvements in drug delivery systems are driving market growth by enhancing the safety, efficacy, and patient comfort associated with hormonal implants. Additionally, strategic collaborations, partnerships, and acquisitions are enabling companies to strengthen their product portfolios and expand into new geographic regions, further fueling market growth.

However, the market faces challenges such as stringent regulatory requirements, concerns regarding side effects associated with hormonal therapy, and competition from alternative contraceptive methods. Moreover, limited access to healthcare facilities, particularly in developing regions, may hinder market growth to some extent. Nonetheless, increasing healthcare expenditure, growing emphasis on family planning initiatives, and rising adoption of hormonal implants as a preferred choice for contraception and hormone therapy are expected to create lucrative opportunities for market players in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Hormone
    2. Market Snapshot, By Type
    3. Market Snapshot, By Distribution Sector
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Hormonal Implants Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Hormonal Disorders
        2. Increasing Demand for Long-Acting Contraceptive Methods
        3. Advancements in Implant Technology
      2. Restraints
        1. Stringent Regulatory Requirements
        2. Concerns about Side Effects
        3. Competition from Alternative Contraceptive Methods
      3. Opportunities
        1. Technological Innovations in Implant Design
        2. Expansion into Emerging Markets
        3. Strategic Collaborations and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hormonal Implants Market, By Hormone, 2021 - 2031 (USD Million)
      1. Levonorgestrel
      2. Etonogestrel
    2. Global Hormonal Implants Market, By Type, 2021 - 2031 (USD Million)
      1. One Rod Device
      2. Two Rod Device
    3. Global Hormonal Implants Market, By Distribution Sector, 2021 - 2031 (USD Million)
      1. Public Sector
      2. Private Sector
    4. Global Hormonal Implants Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Academic & Research Institutes
    5. Global Hormonal Implants Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Merck & Co., Inc.
      2. Bayer AG
      3. Allergan plc (now part of AbbVie Inc.)
      4. Pfizer Inc.
      5. Novartis AG
      6. Teva Pharmaceutical Industries Ltd.
      7. Mylan N.V. (now part of Viatris Inc.)
      8. BioSante Pharmaceuticals, Inc.
      9. Radius Health, Inc.
      10. Agile Therapeutics, Inc.
  7. Analyst Views
  8. Future Outlook of the Market