Global Intrauterine Devices (IUD) Market Report 2020, COVID-19 Impact, Market Trends, Share, Size and Forecast Till 2025
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Intrauterine Devices (IUD) Market Trends:
Growing rates of unintended pregnancies and unplanned births across the globe have increased the awareness among women regarding the benefits of contraceptive devices like IUDs as a precautionary measure. In confluence with this, several governments and non-profit organizations have taken initiatives to inform the masses about family planning, the advantages of contraceptives, and the health issues caused by unexpected pregnancies, which, in turn, is providing a thrust to the market growth. For instance, The International Federation of Gynaecology and Obstetrics (FIGO) is working toward improving women’s health by addressing the high maternal mortality rates in low resource countries. It is also encouraging women to make informed decisions about effective contraceptive methods. Furthermore, manufacturers are innovating with their products and have introduced advanced variants like slimmer and reusable IUDs. For instance, the copper IUD does not alter the hormone levels in a woman’s body. Moreover, it has an extremely low risk of ectopic pregnancy. As a result, it is gaining popularity among nulliparous women and adolescents. On account of these factors, the market is expected to reach about US$ 5 Billion by 2025, witnessing a CAGR of 3.4% during 2020-2025.
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Based on the product, hormonal IUDs represent the most popular type, followed by copper IUDs.
On the basis of the end use, the market has been segmented into community healthcare, hospitals, gynecology clinics, and others.
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Intrauterine devices (IUDs) are contraceptive medical implants used to avoid pregnancies for a long time period. IUD’S are also known as long-acting reversible contraceptive devices. An IUD is a T-shaped device which is made of flexible plastic along with a copper wire wrapped around its stem and is a reliable and safe method of sterilization for women. It is injected into the uterus, and their primary aim is to inhibit