The global intrauterine devices market is expected to show a significant growth rate during the forecast period. The intrauterine device (IUD) is a mainly used a form of reversible contraception. It is most effective and providing women with 99% protection against pregnancy for 3 to 12 years that depends upon the product. The woman who later wants to become pregnant experience a fast return to fertility following removal of the device by specialized health professionals. Owing to this, IUD is widely used in developed as well as emerging economies. The intrauterine devices are highly effective that have minimal systemic effects and involve one contraceptive decision depending on the IUD chosen.
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The factors that fuel the growth of the intrauterine devices market that includes innovation in technology that results in effective contraception and fewer side effects and initiatives taken by the government and private firms for the prevention of unwanted abortions and pregnancies. Moreover, unintended pregnancies are also one of the major factors that drive the growth of the industry over the forecast period. The incorrect use of contraceptive methods can result in unintended pregnancy. The percentage of unintended pregnancies is largest in teens younger followed by women in the age group of 20-24 years. The two types of IUD devices include hormone-releasing IUDs that are effective from 3 years or 5 years depending on the type and copper-bearing IUDs that are effective for 10-12 years.
According to the World Health Organization (WHO), every year around 87 million pregnancies occur unintentionally. These unintentional pregnancies are contributing to an increase in the demand for contraceptive devices. As per the Office of Disease Prevention and Health Promotion (ODPHP), more than half of pregnancies are unplanned in the US; around 51% of the 6.6 million pregnancies are unintended. However, the awareness of contraception has contributed to both the reduction in unplanned pregnancies and the growth of contraception. Family planning efforts that include growing access to intrauterine contraceptive devices enable decrease unintended pregnancies. The use of intrauterine devices is rising year on year as women find this device a more safe, convenient and effective form of contraception. Thus, due to this is anticipated to drive by the rising unintended pregnancies across the globe.
- North America held the largest market share.
- Product launch is a key focus of major market players to remain competitive in the market.
- Technological advancement is contributing to the growth of the intrauterine devices market.
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Global Intrauterine Devices Market- Segmentation
By Type
- Hormonal Devices
- Copper Devices
By vertical
- Hospitals
- Community Healthcare Centers
- Gynecology Clinics
- Others
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