Intrauterine Contraceptive Marketis segmented by Device (Hormonal Intrauterine, Copper Intrauterine), End User (Hospitals, Gynecology Clinics, Community Health Care Centers), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Intrauterine Contraceptive Market is segmented by Device (Hormonal Intrauterine, Copper Intrauterine), End User (Hospitals, Gynecology Clinics, Community Health Care Centers), and Region ...
The Intrauterine Contraceptive Marketis expected to witness an impressive growth of 10.2% CAGR in the coming years.
An intrauterine device (IUD) is a small contraceptive device, usually 'T'-shaped, consisting of either copper or levonorgestrel, which is inserted into the uterus. It is one form of long-acting reversible contraception, which is the most effective type of reversible birth control.
The key factors include technological innovations resulting ineffective contraception and fewer side effects, the rising rate of unintended pregnancies, and supportive government initiatives & private firms for the prevention of unwanted abortions and pregnancies, which boosts the market growth. Also, the market is largely driven by the growing rate of unintended pregnancies and unwanted abortions. Moreover, the long-term efficacy and rising acceptance are likely to augment the growth of the intrauterine contraceptive devices market.
The COVID-19 outbreak negatively affected the growth of the Intrauterine Contraceptive market. During the pandemic with rising cases of COVID-19 across the globe, the health care emphasis has shifted to focus on the apportionment of resources, emergent medical care, prevention of viral spread, and the development of novel treatments and vaccines. Moreover, the unfortunate by-product of this shift is the de-prioritization of other essential health care services such as access to contraception, thus affecting the industry's growth.
The market has been classified into hormonal intrauterine and copper intrauterine. The copper intrauterine segment accounted for a substantial market share in 2020. Copper IUDs have been in the market for a very long time, since 1988, earlier than the hormonal IUDs. One of the benefits of using copper IUDs is that they can be used as emergency contraceptives. Also, they can be used within five days of unprotected intercourse to avoid pregnancy.
Regional Analysis
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the large presence of advanced healthcare infrastructure, rise in demand for intrauterine contraceptives, as well as presence of major market participants. IUDs are one of the most effective forms of reversible contraception, and the interest in this method is rising among women and healthcare providers in the region. The US has shown the greatest demand in the use of both hormone-free copper, as well as hormone-based IUDs, which further proliferates regional growth.
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An intrauterine device (IUD) is a small contraceptive device, usually 'T'-shaped, consisting of either copper or levonorgestrel, which is inserted into the uterus. It is one form of long-acting reversible contraception, which is the most effective type of reversible birth control.
The technological innovations resulting ineffective contraception and fewer side effects, the rising rate of unintended pregnancies are the factors driving the growth of intrauterine contraceptive market.
Abbvie Inc (Allergan Plc) (US), Bayer AG (Germany), CooperSurgical Inc. (US), DKT Internation-al (US), EUROGINE, S.L (Luxembourg), Mona Lisa NV (Belgium), Pregna International Limited (India), Prosan International BV (Netherlands), SMB Corporation of India (India), and Melbea AG (US) are among the key players in the intrauterine contraceptive market.