Market Highlights
According to MRFR analysis, Intrauterine Contraceptive Devices (IUCDs) Market is expected to register a CAGR of 10.5% during the
forecast period of 2019 to 2025 and was valued at USD 1364.0 Million
in 2018.
Contraceptive devices are used to
prevent unwanted pregnancy by restricting the natural ovulation cycle or making
changes in the egg fertilization process. Intrauterine contraceptive devices
are placed inside the uterus to avoid unintended pregnancy. These devices
contain a string which guarantees the precise placement of the device inside
the uterus and provide aid in removal. lifespan of these devices varies as per
the brands, and it can last up to 3,5 and 10 years. Plastic and metal are used
in manufacturing of intrauterine contraceptive devices (IUCDs). It is available
in several shapes, such as coil, loop, triangle, and T-shaped.
The growth of global intrauterine
contraceptive devices (IUCDs) market is determined by numerous factors such as
an increase in unintended pregnancies, technological advancements in the
healthcare industry, and increasing government initiatives to spread awareness
about birth control. However, the side effects associated with use of
intrauterine contraceptive devices (IUCDs) and Stringent regulatory guidelines
and strict reimbursement is likely to hamper the growth of the global
intrauterine contraceptive devices (IUCDs) market during the forecast period.
Several market players currently
dominate the global intrauterine contraceptive devices (IUCDs) market. The key
players are involved in product launches and strategic collaborations to
strengthen their market positions.
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Segmentation
The global intrauterine
contraceptive devices (IUCDs) market has been segmented based on type and end
user.
The market, based on type, has been
divided into a hormonal intrauterine device and copper intrauterine device.
Copper intrauterine devices are likely to hold the maximum market share in the
global intrauterine contraceptive devices (IUCDs) market.
The end user segment of the market
consists of hospitals, gynecology clinics, community health care centers, and
others. The hospitals segment is expected to hold the largest share of the
market as these centers are the primary locations for patients receiving
treatment and undergoing medical procedures.
Key Players
Some of the key players
in the Global Intrauterine Contraceptive Devices
(IUCDs) Market are Bayer AG, The
Cooper Companies, Inc., Pfizer Inc., HLL Lifecare Limited, OCON Healthcare, SMB
Corporation, Egemen International, EUROGINE, S.L., Meril Life Sciences Pvt.
Ltd., Mona Lisa N.V., Prosan International B.V., Pregna International Limited, and
Others.
Regional Analysis
The market has been divided, by
region, into the Americas, Europe, Asia-Pacific, and the Middle East &
Africa.
The Asia-Pacific is anticipated to
hold the largest market share. The intrauterine contraceptive devices (IUCDs)
market in Asia-Pacific has been segmented into Japan, China, India, South
Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large
patient pool, developing the healthcare sector, and raising awareness about
intrauterine contraceptive devices the region.
The Americas is anticipated to be
the fastest-growing market owing to the rising number of unintended
pregnancies, well-established healthcare sector, and increasing healthcare
expenditure. The intrauterine contraceptive devices (IUCDs) market in the
Americas has further been branched into North America and Latin America, with
the North American market being divided into the US and Canada.
The European intrauterine
contraceptive devices (IUCDs) market has been categorized as Western Europe and
Eastern Europe. The Western European market has further been classified as
Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The
intrauterine contraceptive devices (IUCDs) market in the Middle East &
Africa has been divided into the Middle East and Africa.
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