U.S. Intrauterine Devices Market to Grow at a 7.5% CAGR to 2024 Profiling Bayer, Teva Pharmaceutical & more

MarketStudyReport.com offers 2018 report on U.S. Intrauterine Devices market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Historical data from 2013 is provided for U.S. Intrauterine Devices Market along with estimates and forecasts to 2024 based on segmentation of Intrauterine Devices industry by Product, By Age Group, companies and regions. Previous years’ data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of Intrauterine Devices market for the next few years keeping in mind the advancements happening in the sector.

Players operating in the U.S. Intrauterine Devices market include Bayer, Teva Pharmaceutical. Industry players are focusing on strengthening their research and development activities by launching technologically improved and enhanced intrauterine device along with adopting strategies such as partnership, strategic collaboration, acquisition and merger to enhance their business.

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East North Central zone accounted for USD 177.2 million sales of intrauterine device in the year 2017. High teenage pregnancies in the region will favor the adoption of IUD among the women aged 15 to 19 years of age. As per the reports published by Centers for Disease Control and Prevention (CDC), the teen birth rate in Iowa state in 2014 was around 20 per 1000 women. Also, activities such as Medicaid Family Planning Waiver/State Plan Amendment in the region will foster the growth of intrauterine device market.
Increase in number of women in U.S. opting for planned delayed pregnancy will result in high intrauterine device usage, fueling the IUD market growth. According to the Pew Research Center, the mothers in the U.S. are estimated to be older than 35 years of age. Number of women delay marriage and pregnancy to seek higher education and establish their careers. Also, recent technological advancements in fertility technology prompts women to use reversible contraceptive methods such as intrauterine device, impacting the business growth.
Hormonal intrauterine device are estimated to show substantial growth at a CAGR of 8.2% over the forecast timeframe. Hormonal IUDs provide effective protection against unwanted pregnancy and pose very less risk to the user. The increase in inclination of women in the country towards hormonal contraception will boost the U.S. intrauterine device market growth over the future.
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The number of unintended pregnancies in United States is high but is falling gradually since the last few years. The main reason for the decline in number of unintended pregnancies is considerate rise in number of women opting for long-acting contraceptive methods such as intrauterine devices. This rise will ultimately result in increasing demand and adoption rate of intrauterine device augmenting the industry growth.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Intrauterine Devices Industry Insights
Chapter 4. U.S. Intrauterine Devices Market, By Product
Chapter 5. U.S. Intrauterine Devices Market, By Age Group
Chapter 6 U.S. Intrauterine Devices Market, By Zones
Chapter 8. Company Profiles
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Related Report:

Global Intrauterine Devices Market Research Report 2018

This report studies the global Intrauterine Devices market status and forecast, categorizes the global Intrauterine Devices market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

https://www.marketstudyreport.com/reports/global-intrauterine-devices-market-research-report-2018/?utm_source=RR-PSR

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