Global Intrauterine Devices Market Trends, Size, By Type (Nonhormonal: Copper-containing IUD, and Hormonal: Progestogen-releasing IUD), By Age Group (15-24 years, 25-34 years, 35-44 years, and Above 44 years), By End User (Hospitals, Clinics, Community Health Care Centres, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Intrauterine Contraceptive Devices (IUD) Market
The Global Intrauterine Contraceptive Devices (IUD) Market was valued at US$ 4.35 Bn in 2022, estimated to reach US$ 3.78 Bn by 2030, with a CAGR of 6.34% from 2023-2030.
Small T-shaped devices called intrauterine devices (IUDs) are implanted in women's uteruses to stop pregnancy. Hormonal contraceptives, such as copper IUDs, are very popular. The market for intrauterine contraceptives is growing due to the products' many positive attributes. Government programs that emphasize the benefits of using IUDs have a significant impact on market demand. Even in developing countries, the need for these tools is the only reason for spreading the word about them. Intrauterine contraceptive devices are experiencing rapid market growth due to increasing demand and continuous innovation's stimulating effect.
Market Drivers
The global market is driven by an increase in awareness of Intrauterine Contraceptive Devices (IUD) availability due to campaigns and digital advertisements. Intrauterine devices (IUDs), which are tiny T-shaped devices, are placed in women's uteruses to prevent pregnancy. Popular hormonal contraceptives include copper IUDs. Because of the numerous advantages of the products, the intrauterine contraceptive industry is expanding.
In addition, government initiatives that highlight the advantages of adopting IUDs have a big impact on consumer demand which is estimated to boost the market growth in the coming years. The sole justification for disseminating information about these instruments, even in underdeveloped nations, is their necessity. The market for intrauterine contraceptive devices is expanding quickly as a result of rising demand and the stimulating impact of ongoing innovation.
Market Restraints
The prevalence of dangers associated with intrauterine contraceptive devices, including infections, uterine damage, and excruciating cramping, among others, is anticipated to restrain market expansion. Additionally, the market for intrauterine contraceptive devices is anticipated to face challenges from strict regulations and reimbursement policies throughout the forecast period.
COVID 19 Impact
The COVID-19 pandemic had an effect on the health systems all over the world, interrupting access to services and information for family planning as well as the market for intrauterine contraceptive devices. Despite this disturbance, family planning is still necessary because it is an essential component of women's health care. Governments were collaborating with international organisations to make sure family planning remained a top priority for the world's health throughout and after the pandemic.
Market Segmentation
The scope of the Global Intrauterine Devices Market covers segmentation based on Product Consulting Product, Disease, Technology, and Region.
Based on Type, the market is segmented into Nonhormonal: Copper-containing IUD, and Hormonal: Progestogen-releasing IUD.
Based on Age Group, the market is classified into 15-24 years, 25-34 years, 35-44 years, and Above 44 years.
Based on End User, the market is divided into Hospitals, Clinics, Community Health Care Centres, and Others.
Regional Analysis
The Global Intrauterine Devices Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America estimated to hold major market share in the coming years. The market in the United States has demonstrated the highest demand for both hormone-based IUDs and copper that does not include hormones. For instance, it was predicted that 62 million American women used contraceptives between the ages of 15 and 44, according to a research report titled "Contraceptive Use in the United States" that was published in 2018. About 43 million of them were found to be at risk of unintended pregnancy, meaning that they are sexually active but do not want to get pregnant. However, the article warns that if they and their partners don't utilise a contraceptive technique appropriately and consistently, they might become pregnant.
Key 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.
LevoCept, a long-acting reversible intrauterine system, will be the subject of a phase III clinical trial in June 2021 by Sebela Pharmaceuticals Inc. and PRA Health Sciences to evaluate its effectiveness, safety, and tolerability as a contraceptive.
Market Taxonomy
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
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