Utilizing both primary and secondary research methods, Reports and Insights investigated the “Intrauterine Devices Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 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%.
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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 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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