Why the Intrauterine Contraceptive Devices Market is set to explode? Top Players HealthCare AG, Melbea AG, DKT International, Medicines360 and Egemen

Rising prevalence of unplanned pregnancy and less side-effects pertaining to these devices are some of the drivers impacting the demand for intrauterine contraceptive devices market. Moreover, with the use of such devices there is no requirement of a new contraception every day, as in case of contraceptive pills.

Moreover, intrauterine contraceptive devices do not impact the user’s mood, libido and weight and does not even carry the risk for cancer in future. However, use of intrauterine contraceptive devices may lead to heavy menstrual bleeding, resulting into painful cramps, which is projected to impede the growth of the market. In addition, the demand for contraceptive pills for shorter period usage is expected to hinder the demand for the devices. Need for continuous assistance of healthcare professionals is also restraining the market towards growth.

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On the basis of product, intrauterine contraceptive devices (IUD) are segmented as hormonal IUD and copper IUD. In the first year of usage of the device, failure rate with hormonal IUD is around 0.2% whereas failure rate with copper IUD is around 0.8%.

On the basis of end use, intrauterine contraceptive devices are classified under hospital, gynecology clinics and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Moreover, rising government initiatives focusing on improved healthcare in Asian countries are also supporting the growth of the market. Furthermore, technological advancements associated with these devices are accentuating their demand in North America, followed by Europe.

Companies are focusing on strategic initiatives and mergers and acquisitions in order to cater to the growing need of the target population. For instance, in 2015, Bayer HealthCare entered into a strategic partnership with Afaxys, Inc. in order to serve women in the U.S. The alliance will include Afaxys’ expertise and Bayer’s intrauterine device to serve the U.S. public health contraception market.

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Some of the major companies indulging in the production of intrauterine contraceptive devices include Bayer HealthCare AG, Melbea AG, DKT International, Medicines360 and Egemen International among others.

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