The intrauterine devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Intrauterine Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The intrauterine devices market size has grown strongly in recent years. It will grow from $3.75 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to family planning initiatives, women’s empowerment, long-acting reversible contraception (larc), high contraceptive efficacy, cost-effectiveness, reduced side effects, healthcare professional advocacy..
The intrauterine devices market size is expected to see steady growth in the next few years. It will grow to $4.74 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing awareness and education, global health initiatives, shift towards non-hormonal options, expanding access to healthcare, personalized contraceptive choices, youth-friendly reproductive services, integration with primary care services.. Major trends in the forecast period include development of frameless iuds, innovation in biodegradable iuds, enhancements in user-friendly insertion systems, integration of contraceptive counseling services, exploration of non-contraceptive health benefits..
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Scope Of Intrauterine Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Intrauterine Devices Market Overview
Market Drivers –
The increasing number of unplanned pregnancies is expected to propel the growth of the intrauterine devices market going forward. Unplanned pregnancies are defined as pregnancies that are either unwanted or unplanned, such as those that happen when no children or additional children are desired. Intrauterine devices (IUDs) are a very efficient method of birth control that prevents pregnancy by modifying the uterine environment to make it less suitable for sperm to fertilize an egg. For instance, in March 2022, according to the United Nations Population Fund, a US-based sexual and reproductive health agency, there are 121 million unintended pregnancies globally each year. Moreover, Afghanistan’s unintended pregnancies are expected to reach 4.8 million in 2025. Therefore, the increasing number of women in the workforce is driving the growth of the intrauterine devices market.
Market Trends –
Major companies operating in the intrauterine devices market are developing innovative products such as IUB Ballerine to provide women with a more effective and convenient form of birth control. IUB Ballerine is a hormone-free, long-lasting reversible contraceptive that is made of a flexible nickel/titanium alloy frame with copper beads strung on it. The copper beads release copper ions into the uterus, which creates an environment that is hostile to sperm, preventing pregnancy. For instance, in December 2022, Consilient Health Ltd., a UK-based pharmaceutical company, launched a next-generation intrauterine device (IUD) called IUB Ballerine, a promising new form of birth control that offers several advantages over traditional methods. It is a long-lasting, reversible, and hormone-free option that is designed to be spherical, comfortable, and easy to use. This innovative IUD features a unique three-dimensional ball-like structure composed of copper beads on a flexible Nitinol frame. It is designed to adapt to the uterus, minimizing the risk of expulsion and fundal perforation during insertion. Moreover, it represents a significant advancement in intrauterine contraception, offering improved safety and ease of use.
The intrauterine devices market covered in this report is segmented –
1) By Product: Hormonal Intrauterine Device, Copper Intrauterine Device
2) By Age Group: 15-24 Years, 25-34 Years, 35-44 Years, Above 44 Years
3) By End-User: Hospitals, Gynaecology Clinics, Community Healthcare, Other End Users
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Regional Insights –
North America was the largest region in the intrauterine devices market in 2023. The regions covered in the intrauterine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the intrauterine devices market report are Cardinal Health Inc., Pfizer Inc., Merck and Co. Inc., AbbVie Inc., Bayer AG, Abbott Laboratories, Medtronic plc., Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Perrigo Company plc., CooperSurgical Inc., BIOTRONIK Inc., HLL Lifecare Limited, ANI Pharmaceuticals, Actavis GmbH, DKT International Inc., Nipro Medical Corporation, Pfm medical Inc., Besins HealthCare Limited, Pregna International Limited, SCITECH Medical Inc., Viatris Inc., Medicines360, Afaxys Inc., Access Vascular Inc., OCON Medical Ltd., Agile Therapeutics Inc., SMB Corporation of India, Eurogine S.L.
Table of Contents
1. Executive Summary
2. Intrauterine Devices Market Report Structure
3. Intrauterine Devices Market Trends And Strategies
4. Intrauterine Devices Market – Macro Economic Scenario
5. Intrauterine Devices Market Size And Growth
…..
27. Intrauterine Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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