New York, According to a new market research report published by Global Insight Services “Intrauterine Devices Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Intrauterine devices (IUDs) are small, T-shaped devices that are inserted into the uterus to prevent pregnancy. IUDs are one of the most effective methods of birth control, with a failure rate of less than 1%. IUDs work by preventing fertilization of the egg by the sperm. They also prevent the implantation of a fertilized egg in the lining of the uterus. IUDs do not affect the ovaries or the production of eggs.
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Key Trends
There are a few key trends in intrauterine devices (IUDs) technology. One is the development of new types of IUDs that are made from different materials, such as copper or plastic.
Another trend is the development of new methods for insertion and removal of IUDs. Additionally, there is a trend towards developing IUDs that can be used for a longer period of time, such as 5 years or more.
Key Drivers
The key drivers of the Intrauterine Devices market are the rising incidence of unintended pregnancies and the growing awareness about the effectiveness of intrauterine devices in preventing pregnancy. The other drivers include the favorable reimbursement scenario and the availability of new and improved products.
The rising incidence of unintended pregnancies is one of the major drivers of the Intrauterine Devices market. According to the National Campaign to Prevent Teen and Unplanned Pregnancy, in the United States, about 50% of all pregnancies are unintended.
The number of unintended pregnancies is highest among young women aged 18-24 years. The other drivers of the Intrauterine Devices market include the growing awareness about the effectiveness of intrauterine devices in preventing pregnancy. The other drivers include the favorable reimbursement scenario and the availability of new and improved products.
Market Segments
The Intrauterine Devices Market is segmented by type, age group, end-user and region. By type, the intrauterine market is divided into non–hormonal: copper-containing intrauterine devices and hormonal: progesterone-releasing intrauterine devices. By age group, the Intrauterine Devices Industry market is classified into 15-24 years, 25-34 years, 35-44 years, and above 44 years. By end-user, the Intrauterine Devices Industry market is categorized into hospitals, clinics, community health care centers, and others (ambulatory surgical centers). Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Intrauterine Devices Market includes players such as DKT International, Bayer AG, Mona Lisa N.V., Allergan ,Pregna International Limited, Prosan International BV ,CooperSurgical Inc, Abviee Inc, Eurogine, S.L. and Viatris Inc.
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Reasons to buy Intrauterine Devices Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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