New York, According to a new market research report published by Global Insight Services “Intrauterine Devices Market” was valued at US$ 3.0 billion in 2021 and it is anticipated to grow up to US$ 4.4 billion by 2031, at a CAGR of 3.9% during the forecast period. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Intrauterine devices (IUDs) are small, T-shaped devices that are inserted into the uterus to prevent pregnancy. IUDs are one of the most effective methods of birth control, with a failure rate of less than 1%. IUDs work by preventing fertilization of the egg by the sperm. They also prevent the implantation of a fertilized egg in the lining of the uterus. IUDs do not affect the ovaries or the production of eggs.
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Key Trends
There are a few key trends in intrauterine devices (IUDs) technology. One is the development of new types of IUDs that are made from different materials, such as copper or plastic.
Another trend is the development of new methods for insertion and removal of IUDs. Additionally, there is a trend towards developing IUDs that can be used for a longer period of time, such as 5 years or more.
Key Drivers
The key drivers of the Intrauterine Devices market are the rising incidence of unintended pregnancies and the growing awareness about the effectiveness of intrauterine devices in preventing pregnancy. The other drivers include the favorable reimbursement scenario and the availability of new and improved products.
The rising incidence of unintended pregnancies is one of the major drivers of the Intrauterine Devices market. According to the National Campaign to Prevent Teen and Unplanned Pregnancy, in the United States, about 50% of all pregnancies are unintended.
The number of unintended pregnancies is highest among young women aged 18-24 years. The other drivers of the Intrauterine Devices market include the growing awareness about the effectiveness of intrauterine devices in preventing pregnancy. The other drivers include the favorable reimbursement scenario and the availability of new and improved products.
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Market Segments
By Type
- Copper
- Hormonal
By End-User
- Hospitals
- Clinics
- Community Healthcare Centers
- Others
By Age Group
- 15-24
- 25-34
- 35-44
- Above 44
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Key Players
The Intrauterine Devices Market includes players such as DKT International, Bayer AG, Mona Lisa N.V., Allergan ,Pregna International Limited, Prosan International BV ,CooperSurgical Inc, Abviee Inc, Eurogine, S.L. and Viatris Inc.
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