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Hormonal Intrauterine Devices (IUDs) Market Landscape 2025: Forecast Data and Growth Strategy Insights
Hormonal Intrauterine Devices (IUDs) Market
What Is the Expected CAGR for the Hormonal Intrauterine Devices (IUDs) Market Through 2025?
The market for hormone-releasing intrauterine devices (IUDs) has experienced significant growth in recent times. It is projected to expand from $2.61 billion in 2024 to a value of $2.89 billion in 2025, showing a compound annual growth rate (CAGR) of 11.0%. Factors contributing to this growth during the historic period include the introduction of safer and more potent hormonal compounds, increased preference for extended-duration contraceptive methods, a rise in endorsements from healthcare professionals, heightened public knowledge about different birth control options, and progress in healthcare technology and device craftsmanship.
What's the Projected Size of the Global Hormonal Intrauterine Devices (IUDs) Market by 2029?
In the upcoming years, the market size for hormonal intrauterine devices (IUDs) is projected to experience rapid expansion. It is anticipated to reach a valuation of $4.34 billion by the year 2029, registering a compound annual growth rate (CAGR) of 10.7%. The anticipated surge during this period can be credited to the increased awareness regarding available birth control methods, a rising inclination towards long-term reversible contraception, improvement in device dependability and effectiveness, growing focus on tailored healthcare solutions, and their increasingly wide availability through healthcare services providers. Key trends to watch out for in the forecast period include advancements in device engineering, rising customization in contraception alternatives, expansion in patient-oriented healthcare strategies, mounting demand for sustainable and environment-friendly items, as well as the introduction of innovative contraceptive products.
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Top Growth Drivers in the Hormonal Intrauterine Devices (IUDs) Industry: What's Accelerating the Market?
The hormonal intrauterine devices market is expected to see significant growth on the back of the rise in unintended pregnancies. An unexpected pregnancy is one that is either unplanned or not desired at the time of conception, which can be due to various reasons like contraceptive failure, inaccessibility to birth control methods, misuse of contraceptive methods, or sexual abuse. The risk of unintended pregnancies increases with limited access to effective birth control options, giving individuals less control over their reproductive decisions. Hormonal intrauterine devices are remarkably successful in preventing pregnancies, boasting a failure rate of less than 1%. They offer durable protection for 3 to 7 years, depending on the type, positioning them as a dependable option for those wanting to steer clear of unintended pregnancies. For example, data published by the Office for Health Improvement & Disparities, a governmental agency within the UK's Department of Health and Social Care, showed that residents of England and Wales underwent 123,219 abortions from January to June 2022, a 17% surge compared to 2021. This upward trend in unintended pregnancies might stimulate the growth of the hormonal intrauterine devices market.
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What Trends Will Shape the Hormonal Intrauterine Devices (IUDs) Market Through 2029 and Beyond?
Leading firms in the hormonal intrauterine devices market have shifted their focus towards creating innovative products for personalized women's contraceptive needs, such as the levonorgestrel-releasing intrauterine systems. These systems, known as LNG-IUS, are hormonal intrauterine devices that regularly release levonorgestrel-a synthetic progestin-directly into the uterus. This hormone acts by thickening the cervical mucus and changing the uterine lining, thus inhibiting sperm from reaching and fertilizing the egg. During November 2022, Medicines360, a US-based pharmaceutical firm, launched LILETTA, an intrauterine device approved by the U.S. Food and Drug Administration (FDA). LILETTA is amongst the most long-lasting hormonal IUDs in the U.S, officially approved for up to 8 years of use for contraception and up to 5 years for heavy menstrual bleeding treatment. It's proven to be approximately 99% effective in preventing pregnancy across various population demographics. In addition, the device features a user-friendly inserter designed for instant placement during a consultation. Removal can be done any time under the guidance of a medical provider. Available by prescription, Medicines360 offers LILETTA at a discounted rate through the 340B drug pricing program in line with their aim of enhancing access to women's healthcare.
What Are the Main Segments in the Hormonal Intrauterine Devices (IUDs) Market?
The hormonal intrauterine devices (IUDs) market covered in this report is segmented -
1) By Type: 13 Milligram Hormonal Intrauterine Devices, 19 Milligram Hormonal Intrauterine Devices, 52 Milligram Hormonal Intrauterine Devices
2) By Device Design: Framed Intrauterine Devices, Frameless Intrauterine Devices
3) By Hormone Type: Levonorgestrel Releasing Intrauterine Devices, Progesterone Releasing Intrauterine Devices
4) By Application: Age 20-24, Age 25-34, Age 35-44, Other Applications
Subsegments:
1) By 13 Milligram Hormonal Intrauterine Devices: Low-Dose 13 Mg IUDs, Specialty 13 Mg IUDs For Specific Conditions
2) By 19 Milligram Hormonal Intrauterine Devices: Low-Dose 19 Mg IUDs, Specialty 19 Mg IUDs For Specific Conditions
3) By 52 Milligram Hormonal Intrauterine Devices: Standard 52 Mg IUDs, Extended-Release 52 Mg IUDs, Specialty 52 Mg IUDs For Heavy Menstrual Bleeding Or Endometriosis
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Which Top Companies are Driving Growth in the Hormonal Intrauterine Devices (IUDs) Market?
Major companies operating in the hormonal intrauterine devices (IUDs) market are Merck & Co. Inc., AbbVie Inc., Bayer AG, Organon & Companies, Gedeon Richter Plc, Meril Life Science Pvt Ltd., Bharat Serums and Vaccines Limited, Teva UK Limited, EurimPharm Produktions GmbH, HRA Pharma SAS, Medicines360, Hll Lifecare Limited, Pregna International Ltd., Allergan plc, Actavis Inc., DKT WomanCare Global, CrossBay Medical Inc., SMB Corporation of India, Oy Leiras, OCON Healthcare
Which Regions Will Dominate the Hormonal Intrauterine Devices (IUDs) Market Through 2029?
North America was the largest region in the hormonal intrauterine devices (IUDs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hormonal intrauterine devices (IUDs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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