Reports & Insights freshly released a new report entitled as “Intrauterine Devices Market: Opportunity Analysis and Future Assessment 2022-2030”, in which the base year is considered for the study is 2021, estimated year is 2022, and the forecasted year is considered 2023-2030. The global Intrauterine Devices Market in 2022 is estimated for more than US$ 4.1 Bn and expected to reach a value of US$ 5.9 Bn by 2030 with a significant CAGR of 4.5%. The report promises to offer its clients with an absolute across-the-board, premium quality primary data about the market prospects and in-depth knowledge of the trends prevailing in the market. The report further aims to provide a quantitative and qualitative synopsis of the theoretical framework and rational approach of the market expatiate using certified research methodologies and proficient expertise.
The global intrauterine devices market in 2020 is estimated for more than US$ 4.1 Bn and expected to reach a value of US$ 5.9 Bn by 2028 with a significant CAGR of 4.5%.
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Intrauterine Devices Introduction
Intrauterine devices or IUDs are contraceptive medical devices that are used to prevent pregnancy over a period of time. Intrauterine devices are intended for birth control or family planning and prevent unwanted pregnancies. Intrauterine devices act by long-acting reversible contraception that is proven to be 99% effective and safe. There is a number of intrauterine device products in the pipeline which are expected to be launched in the market during the forecast period. However, the availability of a limited number of approved devices limits the widespread use of these devices across the globe. Some of the examples of approved IUDs in the U.S. include Mirena, Jaydess, Kyleena, Liletta, Skyla, etc.
Intrauterine Devices Market Dynamics
Intrauterine devices are quickly gaining attention due to the growing incidence of unintended pregnancies and sexually transmitted diseases it helps to control huge healthcare expenditure on abortions and other health complications of STDs. According to the World Health Organization (WHO) approximately 60% 0f pregnancies in the U.S. are unintended and mistimed. Governments of developed and developing countries are also taking measures to promote the use of intrauterine devices which is expected to drive the growth of the global intrauterine devices market. However, unawareness of the function of intrauterine devices in developing and underdeveloped countries is the factor restraining the growth of the global market.
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Intrauterine Devices Market Segmentation
The global intrauterine devices market is segmented on the basis of product type, distribution channel, and region. On the basis of devices, the global intrauterine devices market can be segmented into copper devices (inert IUDs) and hormonal devices. On the basis of distribution channels, the global intrauterine devices market can be segmented into hospitals, ambulatory surgical centers, obstructive and gynecology clinics, government and non-profit organizations (e.g. WHO), etc.
The global intrauterine devices market is expected to increase at a significant CAGR over the forecast period owing number of new FDA approval and growing penetration of cardiac ablation procedures in the U.S. and other matured markets.
Intrauterine Devices Market Regional Overview & Analysis
On the basis of region, the global intrauterine devices market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America intrauterine devices market is expected to be the most dominating market throughout the forecast period due to new product launches.
MMC Overview on Intrauterine Devices Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Intrauterine Devices market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Intrauterine Devices Market Key Players
The global intrauterine devices market is highly consolidated and is mainly dominated by Pfizer Inc., Agile Therapeutics, Allergan Inc., Bayer AG, Teva Pharmaceutical Company Limited, etc.
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