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Intrauterine Devices Market size was valued at over USD 4 billion in 2022. Driven by the growing instances of unwanted pregnancies across the globe, the market is slated to grow at over 6% CAGR from 2023 to 2032.
As per the UN’s sexual and reproductive health agency, UNFPA, the world reports about 121 million unwanted pregnancies annually, which represents nearly 50% of all pregnancies. Many of such pregnancies occur due to reproductive coercion, sexual violence, unawareness about sexual and reproductive healthcare, resulting in various health complications and financial implications.
Meanwhile, growing awareness about family planning has also increased the demand for intrauterine devices in recent years. These devices are reliable for contraception and can last for up to 5 years or more. They are also easy to use, reversible in nature, efficient, and ideal for long-term use.
Report Attribute | Details |
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Base Year: | 2022 |
Intrauterine Devices Market Size in 2022: | USD 4 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6% |
2032 Value Projection: | USD 7.5 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 170 |
Tables, Charts & Figures: | 205 |
Segments covered: | Product, Age Group, and Region. |
Growth Drivers: | |
Pitfalls & Challenges: |