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Some leading U.S. intrauterine devices market players include
Many of these firms are focusing on product innovations and FDA approvals to sustain their industry leadership. Citing an instance, in August 2021, Bayer AG, a German multinational pharma and biotech firm, received U.S. FDA approval for a supplemental new drug application which extends the use of its IUD Mirena® 52 mg to make it usable for up to 8 years.
Furthermore, results from a phase 3 extension trial which analyzes the safety and efficacy of Mirena serve as the foundation of this approval. This strategic move benefitted the company by enhancing its product portfolio of IUDs, which boosted its revenue.