Intrauterine Contraceptive Devices (IUCDs) Market size is expected to cross USD 5.71 Billion by 2032 at a CAGR of 11.2%. The increasing awareness about contraceptive methods, increasing number of unintended pregnancies, and government support and initiatives for the prevention of unwanted abortions & pregnancies are set to drive the demand for intrauterine contraceptive devices (IUCDs) market during the forecast period.
Birth controls have been used since ancient times, but the safe and effective methods from the 20th century are being implemented and available. Contraceptive methods are used to prevent unwanted pregnancy by preventing the natural ovulation cycle or altering the egg fertilization process. Intrauterine contraceptive devices are placed inside the uterus to avoid pregnancy. The device has a string that ensures the correct placement of the equipment inside the uterus and helps in the removal of the device. Intrauterine contraceptive devices can be used for 3,5 and 10 years. These devices are made up of plastic and metal and available in various shapes, such as coil, loop, triangle, and T-shaped.
Strategic mergers & acquisitions and new product launches are also projected to boost intrauterine contraceptive devices (IUCDs) market growth with companies looking to strengthen their market positions, expand their product portfolios, and improves their brand images. Many companies are working in collaboration with government and developing innovative and easy to use intrauterine contraceptive devices to strengthen its position in the global intrauterine contraceptive devices (IUCDs) market.
The intrauterine or intrauterine contraceptive device is a T-shaped contraception put in the uterus to stop pregnancy by changing how the sperm moves away from the egg. It is a kind of long-acting, reversible birth control. It can be used safely and successfully by teenagers and people without children. The two types of intrauterine devices—hormonal and non-hormonal—can be separated based on their ability to release hormones. The non-hormonal, copper-containing emergency contraception is provided with 99% effectiveness in preventing conception within five days of unprotected sex. Due to some causes, including technological developments that make contraception more efficient and have fewer side effects, an increase in unwanted births, and favorable public opinion, the market for intrauterine contraceptive devices (IUDs) is anticipated to grow.
The rise in unexpected and unplanned pregnancies, the frequency of unsafe abortions, and public knowledge of the usage of the device are the main reasons fueling the growth of the intrauterine devices market. Additionally, the rise in intrauterine device demand, a government push, and major players in the R&D sector working to create cutting-edge devices all contribute to the market's expansion. Additionally, increased unwanted pregnancies and helpful government measures drive market expansion. Although birth control has been practiced since antiquity, today's safe and efficient technologies are in use and readily accessible. By interfering with the ovulation cycle naturally occurring or by changing the process of egg fertilization, contraceptive treatments are used to avoid unintended pregnancies. To prevent conception, intrauterine contraceptive devices are inserted inside the uterus.
A string attached to the apparatus ensures proper positioning of the machinery within the uterus and facilitates its removal. Additionally, the U.S.'s increased propensity for planned delayed pregnancy is anticipated to foster market expansion. It is anticipated that the tendency toward intentionally delayed pregnancy will increase due to the U.S. government's adoption of creative ways to encourage access to sexual and reproductive wellness services and goods. Unwanted conception results in an unwanted pregnancy. Unintentional pregnancy may happen from improper or nonexistent contraceptive use. Teenagers under 18 had the highest percentage of unwanted pregnancies, followed by women between 20 and 24. The greater interest in contraceptive devices is directly attributed to these unintended pregnancies.
In May 2023, Bayer brought attention to heavy menstrual bleeding (HMB), a condition that is often overlooked and not properly diagnosed. They did this by promoting Mirena® (levonorgestrel-releasing intrauterine system) 52 mg, an FDA-approved intrauterine device (IUD) that can be used to treat heavy periods in women who opt for IUDs as a form of birth control for a maximum of five years.
The technological innovations are leading to effective contraception along with fewer side effects, which are strongly influencing the growth of the market and likely to provide favorable conditions for the growth of the intrauterine contraceptive devices (IUCDs) market.
Market Drivers
Market Restraints
Side effects associated with implantation of intrauterine contraceptive devices (IUCDs) such as intrauterine pregnancy and pelvic inflammatory disease (PID) is likely to hamper the growth of the Intrauterine Contraceptive Devices (IUCDs) market during the forecast period.
Additionally, Stringent regulatory guidelines and strict reimbursement policies are hindering the growth of the intrauterine contraceptive devices (IUCDs) market.
Hormonal Intrauterine Device: These devices contain levonorgestrel, which helps to prevent pregnancy by changing the viscosity of cervical mucus to prevent sperm from reaching the egg. It can release levonorgestrel from 16 μg/day to 20 μg/day. These devices are used for 3, 5, or 7 years. Mirena, Skyla, and Liletta are some popular brands of Hormonal Intrauterine Devices. This segment is likely to register the highest CAGR during the forecast period.
Copper Intrauterine Device: Copper Intrauterine Devices are traditional devices which are in used since 1988 and considered as one of the most effective contraceptive devices. Paragard is one of the major brands in the copper intrauterine devices segment. Copper is toxic for sperms, and it kills sperms when it tries to enter the uterus. Copper intrauterine devices can be effectively used until ten years. Moreover, the use of copper intrauterine devices can cause heavier menstrual flow and cramps. This segment is expected to lead the intrauterine contraceptive devices (IUCDs) market with maximum market share.
Hospitals: Hospitals and health centers are expected to be the largest segment because hospitals and health centers are usually the primary points for diagnosis, treatment, and rehabilitation of individuals.
Gynecology Clinics: Consisting of long-term and accurate care for patients suffering from medical complications related to gynecology, this is a fast-growing intrauterine contraceptive devices (IUCDs) market segment, especially in developed nations.
Community Health Care Centers: A small segment, these centers provide all primary medications and basic healthcare needs.
Others: Others segment includes small- and mid-scale healthcare centers, government organizations, and emergency centers.
Asia-Pacific: The Americas is the largest regional market for Intrauterine contraceptive devices (IUCDs), Asia-Pacific has the world’s largest population and a fast-developing healthcare sector. Additionally, the government in countries like India and China are encouraging youth population to use intrauterine contraceptive devices (IUCDs), and it is likely to drive the growth of the intrauterine contraceptive devices (IUCDs) market. For instance, the Chinese government has implanted more than 350 million intrauterine contraceptive devices from 1980 to 2017 as a part of the birth control program.
Americas: The Americas is the second-largest regional for intrauterine contraceptive devices (IUCDs) market. An increasing number of unintended pregnancies, rising awareness about benefits of intrauterine contraceptive devices (IUCDs) along with the increasing healthcare expenditure in the region is also likely to drive the growth of the intrauterine contraceptive devices (IUCDs) market during the assessment period.
Europe: Europe has some of the best healthcare services in the world. The demand for intrauterine contraceptive devices is high in this region due to the increasing number of healthcare centers in the region and government support along with the rising adoption of new technologies in the healthcare industry.
Middle East & Africa: Despite the developing healthcare infrastructure, intrauterine contraceptive devices (IUCDs) are used as a very effective birth control method, which is responsible for the rising demand for intrauterine contraceptive devices (IUCDs) market in the region.
Intrauterine Contraceptive Devices (IUCDs) Market Key Players
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)