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Intrauterine Devices Market - By Product (Copper IUD, Hormonal IUD), Age Group (15-19, 20-24, 25-29, 30-34, 35-39, 40-44, 45+), End-use (Hospitals, Gynecology Clinics, Community Health Care Centers) & Forecast, 2024 – 2032
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Intrauterine Devices Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 119
Countries covered: 23
Pages: 110
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Intrauterine Devices Market Size
Intrauterine Devices Market size was valued at around USD 4.3 billion in 2023 and is expected to reach over USD 10.1 billion by 2032 at a CAGR of 10.3% from 2024 to 2032. The significantly high number of unintended pregnancies, favorable government initiatives and growing awareness are among the key factors driving the growth of the market.
Several factors contribute to these unintended pregnancies including social, economic, educational, and healthcare system issue. As per the United Nations Population Fund, nearly half of all pregnancies, totaling 121 million each year throughout the world, are unintended. IUDs are one of the most effective forms of reversible contraception available. They have a very low failure rate, with less than 1% chance of pregnancy per year of use for both hormonal and copper IUDs. This reliability makes them highly attractive to individuals seeking reliable birth control to avoid unintended pregnancies. These factors underscore the complex interplay of social, economic, educational, and healthcare system issues that contribute to the high rates of unintended pregnancies, and ultimately increases the intrauterine devices demand in the market.
Intrauterine devices (IUDs) are small, T-shaped contraceptive devices inserted into the uterus to prevent pregnancy. These devices are made of flexible plastic and are designed to be a long-term, reversible form of birth control.
Intrauterine Devices Market Trends
Recent technological advancements in the design and insertion techniques of intrauterine devices (IUDs) have significantly contributed to the growth of the IUD market. These innovations aim to enhance the safety, effectiveness, and ease of use of IUDs, making them a more attractive option for contraception.
Intrauterine Devices Market Analysis
Based on product, the intrauterine devices market is categorized into copper IUD and hormonal IUD. The hormonal IUD segment dominated the market with a revenue of around USD 2.3 billion in 2023.
Based on age group segment, the intrauterine devices market is categorized into 15-19, 20-24, 25-29, 30-34, 35-39, 40-44, and 45+. The 30-34 age group segment held leading share in the market with a revenue of around USD 1.2 billion in 2023.
Based on end-use, the intrauterine devices market is categorized into hospitals, gynecology clinics, and community health care centers. The hospital segment dominated the market with a revenue share of around 46.8% in 2023.
North America intrauterine devices market accounted for USD 1.5 billion revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
The U.S. intrauterine devices market held majority market share and is anticipated to witness substantial growth, driven by numerous factors.
The intrauterine devices market in UK is expected to experience significant and promising growth from 2024 to 2032.
Japan intrauterine devices market is anticipated to witness lucrative growth between 2024 – 2032.
Intrauterine Devices Market Share
The intrauterine devices industry is consolidated in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel devices with improved efficiency and cost-effectiveness are key market strategies for intrauterine device manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance user outcomes, positioning companies to gain market share and meet the growing demand for advanced intrauterine devices.
Intrauterine Devices Market Companies
Some of the eminent market participants operating in the intrauterine devices industry include:
Intrauterine Devices Industry News:
Intrauterine devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product
Market, By Age Group
Market, By End-use
The above information is provided for the following regions and countries: