The global intrauterine devices market size was US$ 3.0 billion in 2021. The global intrauterine devices market size is forecast to reach US$ 4.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2022 to 2030.
The intrauterine device’s other name is the intrauterine contraceptive device, which is a T-shaped contraception implanted into the uterus. In addition, it prevents conception by altering how the sperm flows away from the egg. It is a type of reversible long-acting birth control. Teenagers and people without children can use it safely and effectively. Based on their capacity to release hormones, intrauterine devices can be divided into two categories: hormonal and non-hormonal. Within five days of unprotected sex, the non-hormonal, copper-containing emergency contraception is administered with 99% efficiency to prevent pregnancy. By raising the concentration of copper ions, prostaglandins, and white blood cells inside the uterus, copper serves as a spermicide.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc1665
Factors Influencing Market Growth
The growth in the number of unplanned & unintended pregnancies, the rising number of unsafe abortions, and increasing awareness regarding the use of the device drive the global market.
The growing demand for intrauterine devices, an initiative taken by the government and key payers in the R&D sector to create advanced devices, boosts global market growth.
The lack of understanding about intrauterine device use and the side effects of these devices, such as bleeding and pain or discomfort, may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. The decrease in patient visits for contraception in hospitals is due to the market for intrauterine devices being heavily dependent on doctor-administered and doctor-prescribed medications. However, restrictions on doctor office visits without an emergency had been put in place during the first several months of the pandemic. The demand for intrauterine device goods decreased globally due to the fact that half of the population who were considering family planning during COVID-19 switched their attention from intrauterine devices to alternative contraceptive methods, such as contraceptive tablets. The intrauterine device insertion rate dropped by 21% during the COVID-19 pandemic, according to data from the Health Management Information System (HMIS), which was merged with the health ministry in 2020.
Regional Analysis
The Asia Pacific generated the highest revenue in 2021 and is forecast to remain dominant over the projected period. As a result of the rising awareness about the benefits of using hormonal intrauterine devices, the increased prevalence of unwanted pregnancy, and favorable regulatory scenarios.
Whereas, North America held the second-largest revenue generator in 2021. The presence of well-established healthcare infrastructure and the existence of key market participants in the region. In addition, the Centers for Disease Control and Prevention (CDC) estimate that 72.2 million U.S. women aged 19 to 49 used contraceptives between 2018 and 2020. In addition, government initiatives have increased awareness about birth control and made birth control more affordable, which drives the market’s growth.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc1665
Leading Competitors
The leading prominent companies profiled in the global intrauterine devices market are:
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.,
Other Prominent Players
Scope of the Report
The global intrauterine devices market segmentation focuses on Type, Age Group, End User, and Region.
Segmentation based on Type
Nonhormonal: Copper-containing IUD
Hormonal: Progestogen-releasing IUD
Segmentation based on Age Group
15-24 years
25-34 years
35-44 years
Above 44 years
Segmentation based on End User
Hospitals
Clinics
Community Health Care Centres
Others
Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=bwcc1665
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Intrauterine Devices market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Intrauterine Devices market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Intrauterine Devices market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Intrauterine Devices business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc1665
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/