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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