Intrauterine Contraceptive Devices (IUD) Market to grow by USD 965.49 million at a CAGR of 3.98% from 2022 to 2027, AbbVie Inc. and Bayer AG are among the key companies - Technavio

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- The intrauterine contraceptive devices (IUD) market is estimated to grow by USD 965.49 million from 2023 to 2027 at a CAGR of 3.98% according to Technavio. AbbVie Inc., Bayer AG, DKT International, Durbin PLC, EurimPharm Arzneimittel GmbH, EUROGINE SL, Gima Spa, HLL Lifecare Ltd., Krishco Medical Products Pvt. Ltd., Laboratoire HRA Pharma SAS, Melbea Innovations Ltd., Meril Life Sciences Pvt. Ltd., Ocon Medical Ltd., Pregna International Ltd, Prosan International BV, SMB Corp. of India, TESPRO LLC, The Cooper Companies Inc., TRIMEDIC SUPPLY NETWORK Ltd., and Viatris Inc. are key companies. The Abbvie company offers intrauterine contraceptive devices such as the LILETTA (levonorgestrel-releasing) intrauterine contraceptive. 

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The long-term efficacy and increased acceptance of IUDs is a major trend in the market. Global unintended pregnancy rates have declined since the 1990s but remain high and vary across regions. Developed regions have seen faster declines than developing ones. Reduced unplanned pregnancies have lowered abortion rates. Reduced stigma on birth control has led to couples seeking control over childbirth timing and spacing for financial and maternal health reasons. IUDs help space births by preventing unintended pregnancies. Increased awareness of family planning significance leads to higher contraceptive adoption and improved healthcare outcomes for mothers and babies.

North America is projected to contribute 33% of market growth by 2027. The US dominates the market in the region due to local market players, government support, high awareness, and technological innovations like postpartum and reusable IUDs, fueling market growth.

• Initiatives by government and non-profit organizations are a key factor driving market growth. 
• Adverse effects of IUDs is a significant challenge restricting market growth.

Drivers, Trends, and Challenges have an impact on market dynamics and can impact businesses. Find some insights from a free sample report!

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What are the key data covered in this Intrauterine Contraceptive Devices (IUD) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth between 2023 and 2027
• Precise estimation of the size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth across North America, Europe, APAC, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of companies

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Intrauterine Contraceptive Devices (IUD): Overview

Intrauterine contraceptive devices (IUDs) are small, T-shaped devices inserted into the uterus to prevent pregnancy. They are a popular form of long-acting reversible contraception (LARC) and offer effective birth control for women. IUDs work by either releasing hormones (hormonal IUDs) or creating a physical barrier to sperm (copper IUDs), providing reliable contraception for several years. They are a key component of women's reproductive health and family planning, offering a safe and convenient option for birth control. The IUD market continues to grow as more women opt for this effective and long-term contraceptive method.

Related Reports

The Female Contraceptive Market is estimated to grow at a CAGR of 5.32% between 2022 and 2027. The size of the market is forecast to increase by USD 5,142.22 million. 

The aesthetic devices market size is estimated to grow by USD 10,815.68 million at a CAGR of 11.22% between 2022 and 2027.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Sizes

Five Forces Analysis

Segmentation by End-user

Segmentation by Type

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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