Press release
Intrauterine Devices Market Report 2024: Strategies And Recent Developments | Cardinal Health Inc., Pfizer Inc., Merck and Co. Inc., AbbVie Inc., Bayer AG, Abbott Laboratories, Medtronic plc
Intrauterine Devices Market Characteristics
The Business Research Company offers in-depth market insights through Intrauterine Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The intrauterine devices market size has grown strongly in recent years. It will grow from $3.75 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to family planning initiatives, women's empowerment, long-acting reversible contraception (larc), high contraceptive efficacy, cost-effectiveness, reduced side effects, healthcare professional advocacy..
The intrauterine devices market size is expected to see steady growth in the next few years. It will grow to $4.74 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing awareness and education, global health initiatives, shift towards non-hormonal options, expanding access to healthcare, personalized contraceptive choices, youth-friendly reproductive services, integration with primary care services.. Major trends in the forecast period include development of frameless iuds, innovation in biodegradable iuds, enhancements in user-friendly insertion systems, integration of contraceptive counseling services, exploration of non-contraceptive health benefits..
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Market Segmentation:
The main types of products in intrauterine devices are hormonal intrauterine devices and copper intrauterine devices. A hormonal intrauterine device, often referred to as a hormonal IUD, is a contraceptive device that is inserted into the uterus to prevent pregnancy. It is used by various age groups, such as 15-24 years, 25-34 years, 35-44 years, and above 44 years, and it includes a variety of end users such as hospitals, gynecology clinics, community healthcare and others.
Major Driver - Rising Unplanned Pregnancies Drive Growth in the Intrauterine Devices Market
The increasing number of unplanned pregnancies is expected to propel the growth of the intrauterine devices market going forward. Unplanned pregnancies are defined as pregnancies that are either unwanted or unplanned, such as those that happen when no children or additional children are desired. Intrauterine devices (IUDs) are a very efficient method of birth control that prevents pregnancy by modifying the uterine environment to make it less suitable for sperm to fertilize an egg. For instance, in March 2022, according to the United Nations Population Fund, a US-based sexual and reproductive health agency, there are 121 million unintended pregnancies globally each year. Moreover, Afghanistan's unintended pregnancies are expected to reach 4.8 million in 2025. Therefore, the increasing number of women in the workforce is driving the growth of the intrauterine devices market.
Competitive Landscape:
Major companies operating in the intrauterine devices market report are Cardinal Health Inc., Pfizer Inc., Merck and Co. Inc., AbbVie Inc., Bayer AG, Abbott Laboratories, Medtronic plc., Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Perrigo Company plc., CooperSurgical Inc., BIOTRONIK Inc., HLL Lifecare Limited, ANI Pharmaceuticals, Actavis GmbH, DKT International Inc., Nipro Medical Corporation, Pfm medical Inc., Besins HealthCare Limited, Pregna International Limited, SCITECH Medical Inc., Viatris Inc., Medicines360, Afaxys Inc., Access Vascular Inc., OCON Medical Ltd., Agile Therapeutics Inc., SMB Corporation of India, Eurogine S.L.
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Top Trend - Innovative IUD Advancements For Modern Birth Control
Major companies operating in the intrauterine devices market are developing innovative products such as IUB Ballerine to provide women with a more effective and convenient form of birth control. IUB Ballerine is a hormone-free, long-lasting reversible contraceptive that is made of a flexible nickel/titanium alloy frame with copper beads strung on it. The copper beads release copper ions into the uterus, which creates an environment that is hostile to sperm, preventing pregnancy. For instance, in December 2022, Consilient Health Ltd., a UK-based pharmaceutical company, launched a next-generation intrauterine device (IUD) called IUB Ballerine, a promising new form of birth control that offers several advantages over traditional methods. It is a long-lasting, reversible, and hormone-free option that is designed to be spherical, comfortable, and easy to use. This innovative IUD features a unique three-dimensional ball-like structure composed of copper beads on a flexible Nitinol frame. It is designed to adapt to the uterus, minimizing the risk of expulsion and fundal perforation during insertion. Moreover, it represents a significant advancement in intrauterine contraception, offering improved safety and ease of use.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Intrauterine Devices Market Characteristics
3. Intrauterine Devices Market Trends And Strategies
4. Intrauterine Devices Market - Macro Economic Scenario
5. Intrauterine Devices Market Size And Growth
…..
27. Intrauterine Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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