Intrauterine Contraceptive Devices (IUD) Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMD2911 | Last Updated On: Aug 26 2022 | Available Formats

> Global Intrauterine Contraceptive Devices (IUD) Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Global Intrauterine Contraceptive Devices (IUD) Market is segmented By Type (Hormonal Intrauterine Device, Copper Intrauterine Device), By End User (Hospitals, Gynecology Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Intrauterine Contraceptive Devices (IUD) Market is expected to grow at a CAGR of 9.9% during the forecasting period (2022-2029).

Intrauterine devices (IUDs) are one of the most effective forms of reversible contraception. IUDs and implants are known as long-acting reversible contraception (LARCs) because they can prevent pregnancy for several years.

IUDs are long-acting reversible contraceptive devices. The device is T-shaped and made of flexible plastic wrapped in the copper wire around its stem. They are a safe and highly efficient sterilization procedure for females but are not permanent. The IUD is inserted into the uterus. Its primary aim is to prevent the egg's fertilization by causing changes such as thickening or toxicity of the cervical mucus, disallowing fertilization of the ovum by the sperm.

Market Dynamics

Although contraceptives such as pills, sponges, and condoms have become the easiest and safest means of contraception among individuals, they are temporary and last for a concise period. Increased awareness and concern about family planning has rapidly increased the adoption of birth control devices, especially IUDs.

IUDs are long-acting reversible contraceptive devices lasting up to 12 years, and the percentage of women using IUDs has remained highest among women in the age group of 24 to 34. It is an extremely effective birth control device, unlike other contraceptives, and is an excellent choice for women who seek a long-term birth control method. According to the National Survey of Family Growth, the use of long-acting reversible contraceptives increased nearly five times in the last decade among women aged 15 to 44, from 1.5% in 2002 to 7.2% in 2011 to 2013. When compared to other contraceptives, IUDs have the highest efficacy rate in controlling pregnancies.

These added benefits will increase the demand for various IUDs worldwide during the forecast period.

Geographical Analysis

North American market holds XX% of market share in 2018 and is expected to increase by XX% by 2027 for the global Intrauterine Contraceptive Devices market.

The United States accounted for the largest market in North America for the contraceptives market. In 2018, over 37 million Americans used contraceptives 2018. Among sexually active women in the United States, less than 50% reportedly used at least one contraception method to prevent pregnancy. Only around 10% of sexually active American women were actively trying to conceive or were already pregnant and hence were not using contraceptives.

The increasing use of contraceptives for family planning is boosting the market growth in the United States. In 2016, over 460 million condoms were sold in the United States.

Besides, the rise in sales of sexual wellness products in North America is expected to boost the contraceptives market's growth over the forecast period. Also, several well-established American adolescent education channels provide sex education towards health and diseases and raise awareness among Americans. Hence, the demand for contraceptives in North America is rising. On the other hand, the e-commerce distribution channel is set to grow during the forecast period; the offline retail channel is likely to dominate the US intrauterine contraceptive market during the forecast period.

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