Rise in the number of unplanned & unintended pregnancies, surge in incidences of unsafe abortion, and a rise in awareness regarding the use of the device drive the growth of the global intrauterine devices market.
PORTLAND, Ore., July 19, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Intrauterine Devices Market By Type (Nonhormonal: Copper-containing IUD, Hormonal: Progestogen-releasing IUD), By Age Group (15-24 years, 25-34 years, 35-44 years, Above 44 years), By End User (Hospitals, Clinics, Community Health Care Centres, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global intrauterine devices industry was estimated at $3.0 billion in 2021, and is anticipated to hit $4.4 billion by 2031, registering a CAGR of 3.8% from 2022 to 2031.
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Determinants of growth-
Rise in the number of unplanned & unintended pregnancies, surge in incidences of unsafe abortion, and a rise in awareness regarding the use of the device drive the growth of the global intrauterine devices market. On the other hand, certain side effects associated with the devices impede the growth to some extent. However, growing inclination toward planned delayed pregnancy in the U.S. is expected to create lucrative opportunities in the industry.
Covid-19 scenario-
- A steep decline in the number of patient visits for contraception in hospitals impacted the global intrauterine devices market negatively, since the process is more of a physician-administered and physician-prescribed course.
- However, the market has almost recovered by the last quarter of 2021.
Scope of the Report: -
Report Attribute | Details |
Revenue forecast in 2030 | $ 4.4 billion |
Growth rate | CAGR of 3.8% from 2022 to 2031 |
Forecast period | 2022 - 2031 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Regional scope | North America, Europe, Asia Pacific, Latin America, MEA |
Country scope | U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia |
Key companies profiled | Bayer AG, CooperSurgical Inc, DKT International, Mona Lisa NV, Pregna International Limited, Prosan International BV, Abviee Inc, Eurogine, S.L., Viatris Inc, Mona Lisa N.V. Access Table PDF |
The 25-34 years segment to dominate by 2031-
By application, the 25-34 years segment contributed to the lion's share in 2021, holding nearly half of the global intrauterine devices market. The same segment is also projected to manifest the fastest CAGR of 4.4% from 2022 to 2031, owing to rise in concerns regarding adolescent sexual activities.
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The hospitalssegment to maintain the lion's share-
By end-user, the hospitals segment held the major share in 2021, garnering nearly half of the global intrauterine devices market. The same segment is also projected to cite the fastest CAGR of 4.2% throughout the forecast period, due to rise in the number of patient visits for family planning.
Asia-Pacific garnered the major share in 2021-
By region, Asia-Pacific dominated in 2021, garnering nearly two-fifths of the global intrauterine devices market. The same region is also expected to cite the fastest CAGR of 4.6% throughout the forecast period. Increase in awareness about the benefits of using hormonal intrauterine devices, high prevalence of unwanted pregnancy, and favorable regulatory scenario across the region drives the market growth.
Key players in the industry-
- DKT International
- Mona Lisa NV
- Bayer AG
- Mona Lisa N.V.,
- Pregna International Limited
- Prosan International BV
- CooperSurgical Inc
- Abviee Inc
- Eurogine, S.L.
- Viatris Inc
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intrauterine devices market analysis from 2021 to 2031 to identify the prevailing intrauterine devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the intrauterine devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global intrauterine devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- By Type
- Nonhormonal: Copper-containing IUD
- Hormonal: Progestogen-releasing IUD
- By Age Group
- 25-34 years
- 35-44 years
- Above 44 years
- 15-24 years
- By End User
- Hospitals
- Clinics
- Community Health Care Centres
- Others
- By Region
- North America
- U.S. Intrauterine Devices Market
- Canada Intrauterine Devices Market
- Mexico Intrauterine Devices Market
- Europe
- Germany Intrauterine Devices Market
- France Intrauterine Devices Market
- U.K. Intrauterine Devices Market
- Italy Intrauterine Devices Market
- Spain Intrauterine Devices Market
- Rest of Europe
- Asia-Pacific
- Japan Intrauterine Devices Market
- China Intrauterine Devices Market
- Australia Intrauterine Devices Market
- India Intrauterine Devices Market
- South Korea Intrauterine Devices Market
- Rest Of Asia Pacific
- LAMEA
- Brazil Intrauterine Devices Market
- Saudi Arabia Intrauterine Devices Market
- South Africa Intrauterine Devices Market
- Rest of LAMEA
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