Intrauterine Devices Market By Type (Nonhormonal: Copper-containing IUD, Hormonal: Progestogen-releasing IUD), By Age Group (15-24 years, 25-34 years, 35-44 years, Above 44 years), By End User (Hospitals, Clinics, Community Health Care Centres, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global intrauterine devices market was valued at $2,992.73 million in 2021 and is projected to reach $4,374.3 million by 2031, registering a CAGR of 3.8% from 2022 to 2031. An intrauterine device (IUD) is a small plastic T-shaped device used for birth control. It is inserted into the uterus where it stays to prevent pregnancy. The intrauterine device is one form of long-acting reversible birth control (LARC) that is also safe and effective in adolescents as well as those who have not previously had children. Once an intrauterine device is removed, even after long-term use, fertility returns to normal rapidly. There are two types of intrauterine devices available on the market including nonhormonal: copper-containing IUD and hormonal: progestogen-releasing IUD to prevent unwanted pregnancies.
The global intrauterine devices market is segmented on the basis of type, age group, end-user, and region. Based on type, the market is classified into nonhormonal: copper-containing IUDs and hormonal: progestogen-releasing IUDs. By age group, it is categorized into 15–24 years, 25–34 years, 35–44 years, and above 44 years. By end-user, it is classified into hospitals, community health centers, clinics, and others. Geographically, it is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
The major factors that drive the growth of the market are an increase in focus on family planning and the need for preventing unintended pregnancy. The advancement in hormonal intrauterine devices with enhanced efficacy and fewer side effects are expected to further boost the market growth. Moreover, health issues associated with teenage pregnancies, an increase in awareness of intrauterine device methods method to prevent unplanned pregnancy fuel the market growth. However, health risks associated with the use of contraceptives, and lack of social acceptance adversely affect the market growth.
The key players operating in the global intrauterine devices market include the AbbVie Inc.(Allergan Plc) , Bayer AG, Cooper Companies Inc, DKT International, Mona Lisa NV ( EurimPharma Group) , Ocon Healthcare, Pregana International Ltd, Prosan International B.V. Eurogine SL and Viatris Inc. (Mylan NV).
In 2021, Asia Pacific was the major revenue generator, owing to the presence of a large population, increase in awareness of the benefits of using hormonal intrauterine devices, high prevalence of unwanted pregnancy, and favorable regulatory scenario. However, North America is the second-largest revenue generator in 2021, due to the presence of. healthcare infrastructure and rising awareness pertaining to the usage of IUDs.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intrauterine devices market analysis from 2021 to 2031 to identify the prevailing intrauterine devices market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the intrauterine devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global intrauterine devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Nonhormonal: Copper-containing IUD
Hormonal: Progestogen-releasing IUD
By Age Group
25-34 years
35-44 years
Above 44 years
15-24 years
By End User
Hospitals
Clinics
Community Health Care Centres
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Bayer AG
CooperSurgical Inc
DKT International
Mona Lisa NV
Pregna International Limited
Prosan International BV
Abviee Inc
Eurogine, S.L.
Viatris Inc
Mona Lisa N.V.,
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