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Abortion Drugs Market Analysis

  • Report ID: GMI8059
  • Published Date: Feb 2024
  • Report Format: PDF

Abortion Drugs Market Analysis

Based on drug class, the mifepristone segment is poised to record 8.6% CAGR from 2024-2032. This is majorly propelled by the rising pivotal role of mifepristone in abortion procedures, often in conjunction with other medications. Mifepristone assists in actively disrupting pregnancies by inhibiting progesterone and softening the cervix and facilitating embryo expulsion. Moreover, the administration of mifepristone is governed by strict medical regulations and ethical standards to ensure it is safe for responsible use. Ongoing research will further refine its application for potentially minimizing risks and enhancing efficacy in reproductive healthcare.

 

Abortion Drugs Market, By Distribution Channel (2023)

Based on distribution channel, the abortion drugs market from the hospital pharmacies segment may reach over USD 29.6 billion by 2032. These pharmacies provide abortion drugs, such as mifepristone and misoprostol while adhering to strict regulations and ethical guidelines. They are actively involved in dispensing these medications as part of abortion procedures for ensuring that patients receive proper counseling and support. Subsequently, hospital pharmacies will continue to play a pivotal role in the distribution of abortion drugs whilst potentially expanding their services to meet evolving healthcare needs. They further uphold stringent standards to guarantee the safe and responsible use of medications besides maintaining patient confidentiality and providing compassionate care throughout the process.
 

North America Abortion Drugs Market, 2020 - 2032 (USD Billion)

North America abortion drugs market size is predicted to witness 8.4% CAGR through 2032. The growth can be ascribed to the presence of an improved healthcare infrastructure for facilitating greater access to medications across the region. In addition, telemedicine and online pharmacies are playing an increasingly significant role in providing these drugs and ensuring accessibility to patients in remote areas. These platforms are actively connecting patients with healthcare providers  for offering consultations and prescription services online. The integration of telemedicine and online pharmacies will continue to enhance the accessibility and convenience of abortion drugs, potentially transforming the way these medications are accessed and utilized in the healthcare landscape across North America.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global abortion drugs market size was valued at over USD 24.42 billion in 2023 and is estimated to grow at 8.2% CAGR from 2024-2032, driven by the rising rate of abortions.

The mifepristone segment of the market is poised to record 8.6% CAGR from 2024-2032, propelled by the rising pivotal role of mifepristone in abortion procedures.

North America abortion drugs market size recorded decent growth in 2023 and is predicted to witness 8.4% CAGR through 2032, owing to the presence of an improved healthcare infrastructure.

Cipla Limited, Endo International plc, Exelgyn, Gedeon Richter plc, Jubilant Life Sciences, Lupin Limited, and Mylan N.V. among others.

Abortion Drugs Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 155
  • Countries covered: 22
  • Pages: 95
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