Drug Price Trends for ENILLORING VAGINAL RING

Average Pharmacy Cost for ENILLORING VAGINAL RING

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
ENILLORING VAGINAL RING	70700-0156-91	49.58895	EACH	2024-12-18
ENILLORING VAGINAL RING	70700-0156-11	49.58895	EACH	2024-12-18
ENILLORING VAGINAL RING	70700-0156-91	42.53705	EACH	2024-11-20
ENILLORING VAGINAL RING	70700-0156-11	42.53705	EACH	2024-11-20
ENILLORING VAGINAL RING	70700-0156-91	60.11840	EACH	2024-10-23
ENILLORING VAGINAL RING	70700-0156-11	60.11840	EACH	2024-10-23
ENILLORING VAGINAL RING	70700-0156-91	62.57472	EACH	2024-09-18

ENILLORING VAGINAL RING Market Analysis and Financial Projection

Market Analysis and Price Projections for ENILLORING Vaginal Ring

Market Overview

The vaginal ring market, which includes products like ENILLORING, is experiencing significant growth driven by several key factors. Here are some critical aspects of the market analysis and price projections for ENILLORING Vaginal Ring.

Market Size and Growth

The global vaginal ring market was valued at USD 2,116.54 million in 2021 and is projected to reach USD 3,450.43 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.58% during the forecast period of 2023 to 2030[1].

Drivers of Market Growth

Several factors are driving the growth of the vaginal ring market, including:

• Progressive Attitudes Towards Contraception: Changing societal attitudes towards premarital sex and contraception have increased the acceptance and demand for vaginal rings among various age groups[1].
• High Disposable Income: Increased disposable incomes, particularly in Pacific Rim countries such as Malaysia, Indonesia, and Vietnam, are expected to fuel market growth[1].
• Increased Working Women Population: The rise in the number of working women, especially in countries like the United States, has contributed to higher demand for convenient and reliable contraceptive methods[1].

Market Segmentation

By Type

The vaginal ring market is segmented into several types, including Estring, Femring, NuvaRing, and other types. NuvaRing, which is similar to ENILLORING in terms of its active ingredients (ethinyl estradiol and etonogestrel), has been a dominant player in the market due to its widespread acceptance and the approval of generic versions like EluRyng[1][3].

By Application

The market is segmented by application into hospitals, clinics, retail pharmacies, and online pharmacies. The segments of pharmacies and clinics are expected to gain a significant share, while online retail is also anticipated to see substantial growth due to the convenience and competitive pricing it offers[1].

By Geography

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, particularly the United States and Canada, is expected to have the largest market share due to increased contraceptive awareness and the rising acceptance of new products[1].

Price Analysis

Current Pricing

The cost for ENILLORING (ethinyl estradiol/etonogestrel) vaginal ring is around $155 for a supply of 3 rings, depending on the pharmacy. This price is for cash-paying customers and does not apply to insurance plans. Generic versions of ENILLORING, such as ethinyl estradiol/etonogestrel, are available at similar prices, ranging from $154.51 for 3 rings[2][5].

Price Trends

Pharmacy costs for ENILLORING can vary slightly based on the vendor and the date. For instance, as of recent data, the average pharmacy cost for ENILLORING was around $49.59 per unit, with prices fluctuating over time due to various market factors[4].

Discount Programs

Consumers can benefit from discount programs like the Drugs.com Discount Card, which can save up to 80% or more off the cost of prescription medicines, including ENILLORING. These programs are valid at most major pharmacies across the U.S.[2][5].

Competitive Landscape

The vaginal ring market is competitive, with several major players including The Female Health Company, Allergan, Merck & Co., Inc., Pfizer Inc., Novo Nordisk A/S, Bayer AG, and others. These companies engage in product benchmarking, SWOT analysis, and strategic development to maintain their market position[1].

Regional Analysis

The Asia Pacific region is expected to see significant growth due to increasing disposable incomes and a rising awareness of contraceptive methods. North America, however, will continue to hold the largest market share due to high contraceptive awareness and the acceptance of new products[1][3].

Key Takeaways

• The global vaginal ring market is projected to grow significantly, driven by progressive attitudes towards contraception and high disposable incomes.
• ENILLORING, along with other vaginal rings, is expected to benefit from this growth trend.
• The current pricing for ENILLORING is around $155 for a supply of 3 rings, with generic versions available at similar prices.
• Discount programs can significantly reduce the cost of ENILLORING for consumers.
• The market is competitive, with major players focusing on product development and strategic positioning.

FAQs

What is the current market size of the vaginal ring market?

The global vaginal ring market was valued at USD 2,116.54 million in 2021[1].

What is the projected growth rate of the vaginal ring market?

The market is expected to grow at a CAGR of 5.58% from 2023 to 2030[1].

What are the key drivers of the vaginal ring market growth?

Key drivers include progressive attitudes towards contraception, high disposable income, and an increase in the working women population[1].

How much does ENILLORING typically cost?

The cost for ENILLORING is around $155 for a supply of 3 rings, depending on the pharmacy[2][5].

Are there any discount programs available for ENILLORING?

Yes, discount programs like the Drugs.com Discount Card can save consumers up to 80% or more off the cost of ENILLORING[2][5].

Which region is expected to have the largest market share for vaginal rings?

North America, particularly the United States and Canada, is expected to have the largest market share[1].

Sources

1. Verified Market Research: Vaginal Ring Market Size, Share, Trends, Growth & Forecast
2. Drugs.com: EnilloRing Prices, Coupons, Copay Cards & Patient Assistance
3. Bizlytik: Vaginal Rings Market By Type (Nuvaring, Femring, and Estring), By Sales Channel (Hospitals and Clinics, Pharmacy, and Online Pharmacy)
4. Drug Patent Watch: Pharmaceutical drug prices and trends for ENILLORING
5. Drugs.com: Ethinyl estradiol/etonogestrel Prices, Coupons, Copay Cards & Patient Assistance