Intrauterine Devices Market is geared to grow at a CAGR of 11.2% from 2023 to 2032 | insightSLICE
The market for Intrauterine Devices was projected to reach US$ 1.75 billion in 2021 and grow at a CAGR of 11.2% between 2023 to 2032.
A small, T-shaped birth control device called an intrauterine contraceptive device (IUD) is put inside the uterus to prevent pregnancy. In terms of birth control, these gadgets are quite efficient, economical, and secure.
IUDs are thought to be safe for use in pregnancy prevention. The localized inflammation that develops when an IUD is implanted is what gives it its contraceptive properties.
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The uterine inflammatory response results in the production of sperm-poisoning chemicals. This has an impact on sperm-egg fertilization. Because intrauterine devices don’t interfere with breastfeeding, they can be utilized right away after delivery. These might be utilized as well following a recent abortion.
IUDs have several benefits, including the ability to prevent conception for an extended time, a decreased risk of ectopic pregnancy, and the absence of pain or discomfort during coitus. The user can nearly instantly resume being fertile once the IUD has been removed.
The key players of the Global Intrauterine Devices Market are:
Key players covered in the Global Intrauterine Devices Market report include Bayer AG, The Cooper Companies, Inc., Eurogine, S.L., Egemen International, HLL Lifecare Limited, Meril Life Sciences Pvt. Ltd., Mona Lisa N.V., OCON Healthcare, Pfizer Inc., SMB Corporation, Prosan International B.V., Pregna International Limited, Others.
Reasons for increased usage of IUDs:
Due to the increasing number of steps undertaken by governments around the world to promote the use of these devices as a result of the rising rate of unintended pregnancies, the market for intrauterine contraceptive devices is anticipated to experience significant growth during the forecast period.
The technical developments that resulted in effective contraception with few to no adverse effects are among the main drivers of the expansion of the intrauterine contraceptive devices (IUD) market.
The rise in the number of unplanned pregnancies and government programs to prevent them are further contributing factors.
Unwanted conception results in an unwanted pregnancy. Unwanted pregnancies can occur as a result of improper or non-existent use of contraceptive methods or contraception itself. Teenagers under the age of 18 are shown to have the highest percentage of unintended pregnancies, followed by women between the ages of 20 and 24.
The rise in demand for contraceptive devices is directly attributed to these unintended pregnancies. IUD use is growing every year because it is a practical, secure, and efficient method of contraception for women all over the world.
Because of this, market research indicates that an important driving force will likely be the global epidemic of unwanted pregnancies.
It has been noted during the past few years that more than half of pregnancies are ill-timed, unplanned, and unintentional. As a result, numerous governments and non-profit organizations are encouraging the use of IUDs while also educating the public on family planning and birth control options.
Due to the lack of an abortion right and rising co-payments, the repeal of the Affordable Care Act (ACA) in the United States has also encouraged a significant portion of women to choose LARC methods like IUDs.
The market is also supported by technological advancements like postpartum and reusable IUDs, which are all expected to spur market expansion during the forecast period.
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Market factor for intrauterine devices:
The market for intrauterine contraceptive devices (IUCDs) has benefited from the growing need for contraceptives that are simple to use, detachable, and affordable.
The market for intrauterine contraceptive devices is expected to increase as a result of the high rate of unwanted births, which is also expected to be boosted by positive government initiatives aimed at raising awareness of the issue and promoting the use of reliable contraceptive techniques.
An MRFR investigation shows that over 40% of pregnancies in Europe and over 35% in Asia are unintended, which has a significant impact on the demand for intrauterine contraceptive devices.
The fact that these intrauterine contraceptive implants have fewer adverse effects than conventional types of contraception is another important factor driving the IUCD industry.
Global Intrauterine Devices Market Key Segments:
By Product Type
- Hormonal Intrauterine Device
- Copper Intrauterine Device
By Distribution Channel
- Hospitals
- Gynaecology Clinics
- Community Health Care Centers
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
Leading market segments for intrauterine devices:
Since copper IUDs have been on the market since roughly 1988, long before hormonal IUDs entered the market, they dominate the type segment of the intrauterine devices industry. The fact that these IUDs can be utilized as emergency contraception is one of their main benefits.
Copper IUDs are functional immediately after insertion, unlike hormonal IUDs, which require the user to wait two days for the IUD to start working.
As a bonus, they can be used to prevent pregnancy within five days of engaging in unprotected sexual activity. Additionally, they are less expensive than hormonal IUDs. Additionally, the lower price of these devices has made IUDs one of the most popular contraceptive methods in the US.
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Regional market forecast:
North America is the dominant region in the regional segment. When evaluating the geographical segment of the market, the country of the United States and its IUD market have demonstrated the highest demand for the use of both hormone-free copper and hormone-based IUDs. It is the primary method of contraception used by Americans.
The market is seeing a significant surge in demand for it as an emergency contraception. As a result of the FDA’s clearance, the market for hormonal IUDs is expanding rapidly in the US.
During the projected period, the Asia-Pacific market is poised to increase significantly and hold the largest share of the global market for intrauterine devices.
Governmental activities for population control in nations like China and India, increased teenage and adult awareness of IUDs, and the increasing millennial population in the Asia Pacific region are among the factors boosting the market in the region.
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