The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Intrauterine Devices Global Market Report 2024, the intrauterine devices market is expected to show promising growth in the forecast period.

The intrauterine devices (IUDs) market has seen significant growth in recent years and is projected to continue expanding. This blog explores the current market trends, drivers, challenges, and innovations shaping the future of IUDs.

Market Growth Overview

• Recent Growth: The intrauterine devices market size grew from $3.75 billion in 2023 to $3.96 billion in 2024. This increase represents a compound annual growth rate (CAGR) of 5.7%.
• Future Projections: By 2028, the market is expected to reach $4.74 billion, with a CAGR of 4.6% during the forecast period.

Key Growth Drivers:

• Family Planning Initiatives: Increased efforts towards family planning and women’s reproductive health.
• Women’s Empowerment: Greater emphasis on women’s autonomy and access to contraceptive choices.
• Long-Acting Reversible Contraception (LARC): Popularity of LARCs due to their high efficacy and convenience.

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Impact of Rising Unplanned Pregnancies

• Unplanned Pregnancies: The rise in unplanned pregnancies is expected to drive market growth. According to the United Nations Population Fund, 121 million unintended pregnancies occur globally each year.
• Regional Impact: Afghanistan is projected to have 4.8 million unintended pregnancies by 2025, highlighting the need for effective contraceptive options like IUDs.

Market Impact:

• Workforce Participation: Increasing number of women in the workforce is contributing to higher demand for reliable birth control methods.

Challenges: Limited Awareness and Acceptance

• Awareness Issues: Limited awareness and acceptance of IUDs are hindering their widespread adoption. According to NHS Digital, 55% of females used Long-Acting Reversible Contraceptives (LARCs) in 2021/22, but only 10% used intrauterine devices specifically.
• Acceptance Barriers: Misconceptions and lack of information contribute to lower adoption rates among potential users.

Innovations in IUD Technology

• IUB Ballerine: A notable advancement is the IUB Ballerine, a hormone-free, flexible IUD made from a nickel/titanium alloy frame with copper beads. Launched by Consilient Health Ltd. in December 2022, it offers a spherical design that improves comfort and safety.
• Frameless and Biodegradable IUDs: Emerging trends include the development of frameless IUDs and biodegradable options, which aim to enhance user experience and reduce environmental impact.

Innovations in User Experience:

• User-Friendly Insertion Systems: Enhancements in insertion techniques aim to make the process more comfortable.
• Contraceptive Counseling Services: Integration of counseling services to provide personalized contraceptive advice.

Industry Partnerships and Market Expansion

• CooperSurgical and Ostro Collaboration: In December 2022, CooperSurgical Inc. partnered with Ostro to promote Paragard IUD. This collaboration focuses on increasing awareness and reducing stigma associated with IUDs.
• Global Health Initiatives: Ongoing global health initiatives are expected to further drive market growth by expanding access to healthcare and promoting non-hormonal contraceptive options.

Market Segmentation

• By Product: The market is divided into Hormonal IUDs and Copper IUDs.
• By Age Group: Target segments include 15-24 years, 25-34 years, 35-44 years, and Above 44 years.
• By End-User: Segmentation includes Hospitals, Gynecology Clinics, Community Healthcare, and Other End Users.

Regional Insights:

• North America: The largest market region in 2023, reflecting strong demand and advanced healthcare infrastructure.

Conclusion
The intrauterine devices market is set for steady growth driven by rising unplanned pregnancies, increasing awareness, and innovative advancements. Despite challenges related to awareness and acceptance, ongoing developments in IUD technology and industry collaborations are poised to enhance the market landscape and expand access to effective contraceptive solutions.

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