Intrauterine contraceptive device (IUD) is a T-shaped, small, birth control device that is inserted inside the uterus, in order to prevent pregnancy. These devices are highly effective, cost effective, and safe to use in the case of birth control. IUDs are considered to provide safety in the prevention of pregnancy. The contraceptive effect of IUDs is due to the localized inflammation that occurs after its insertion.
The inflammatory reaction produced inside the uterus produces substances that are poisonous for sperms. This affects the egg fertilization by sperms. Intrauterine devices do not affect breastfeeding and therefore can be used immediately after delivery as well. These can also be used after an abortion has recently been performed. IUDs provide several advantages; they manage to prevent pregnancy for a long duration of time, can reduce the chances of ectopic pregnancy, and do not cause any pain or discomfort during coitus. Once an IUD is removed, the user can almost immediately return to the natural state of fertility.
The intrauterine contraceptive devices market is expected to witness a significant boost during the forecast period, due to the rising number of initiatives taken by the governments all over the world, to promote the usage of these devices on account of the increasing rate of unwanted pregnancies. The primary factors for the growth of the intrauterine contraceptive devices (IUD) market include the technological advancements that led to the effective contraception, while having very few, to no side effects. Another cause is the increase in the rate of unintended pregnancies, and supportive government initiatives for the prevention of unwanted pregnancies.
Unintended pregnancy is an undesired conception. The incorrect usage of, or not using contraception or contraceptive methods at all, may lead to an unintended pregnancy. The percentage of unwanted pregnancies is observed to be the highest in teens who are aged younger than 18, followed by women in the age group of 20 to 24 years. These unintentional pregnancies are directly contributing to the surge in the demand for contraceptive devices.
The usage of IUD is increasing year after year, as women across the globe find IUD to be convenient, safe, and an effective form of contraception. Therefore, the market studies show that it can be expected that the worldwide phenomenon of unintended pregnancies will be a major driving factor. Over the past few years, it has been observed that more than half of the pregnancies are mistimed, unwanted and unintended.
On account of this, several governments and non-profit organizations are promoting the usage of IUDs in addition to educating the people about birth control measures and family planning. Additionally, the act of repealing Affordable Care Act (ACA) in the United States has encouraged a large section of women to choose for long-term reversible contraception (LARC) options, such as IUDs, due to the lack of abortion right, and rising co-payment. The market is further boosted by the innovations taking place in technology today, such as reusable and postpartum IUDs, all of which are anticipated to stimulate the growth of the market in the forecast period.
Intrauterine Devices Market Value Share Analysis, by Geography (2022)
The report titled “Intrauterine Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global intrauterine devices market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global intrauterine devices market is segmented on the basis of Product Type, Distribution Channel and Geography. Based on Product Type, the global intrauterine devices market is segmented into Hormonal Intrauterine Device, Copper Intrauterine Device. Based on Distribution Channel, the global intrauterine devices market is segmented into Hospitals, Gynecology Clinics, Community Health Care Centers, Other Distribution Channel. Based on geography, the global intrauterine devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on intrauterine devices market. Further, market share of prominent companies in the global intrauterine devices market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Intrauterine Devices companies. The global intrauterine devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Intrauterine Devices business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global intrauterine devices market.
Major players active in the global intrauterine devices market include Bayer AG, Eurogine, S.L., The Cooper Companies, Inc., Pfizer Inc., HLL Lifecare Limited, OCON Healthcare, SMB Corporation, Egemen International, , Meril Life Sciences Pvt. Ltd., Mona Lisa N.V., Prosan International B.V., Pregna International Limited, Others.
The Intrauterine Devices Market is segmented as follows:
By Product Type
By Distribution Channel
By Region
The major active players are Bayer AG, Eurogine, S.L., The Cooper Companies, Inc., Pfizer Inc., HLL Lifecare Limited, OCON Healthcare, SMB Corporation, Egemen International.
Based on type, the Intrauterine Devices market is segmented into Hormonal Intrauterine Device and Copper Intrauterine Device.
North America is the principal contributor to the global Intrauterine Devices market.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved