Insights Into The Intrauterine Devices Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Intrauterine Devices Market from 2024 to 2033?
The intrauterine devices market has expanded considerably, expected to grow from $3.75 billion in 2023 to $3.96 billion in 2024 at a CAGR of 5.7%. This growth is attributed to family planning initiatives, women’s empowerment, the efficacy of long-acting reversible contraception (LARC), affordability, minimal side effects, and healthcare advocacy.
The intrauterine devices market is projected to grow to $4.74 billion by 2028, at a CAGR of 4.6%. This growth can be attributed to increased awareness, global health initiatives, a shift toward non-hormonal options, expanded healthcare access, personalized contraceptive choices, and youth-friendly reproductive services. Key trends include the development of frameless IUDs, innovation in biodegradable IUDs, enhancements in user-friendly insertion systems, integration of contraceptive counseling, and exploration of non-contraceptive health benefits.
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What Key Factors Are Fueling the Growth of the Intrauterine Devices Market?
The rising number of unplanned pregnancies is expected to drive the intrauterine devices market. IUDs are a highly effective form of birth control that prevents pregnancy by altering the uterine environment. The United Nations Population Fund reported in March 2022 that there are 121 million unintended pregnancies worldwide annually, with Afghanistan’s unintended pregnancies expected to reach 4.8 million by 2025, contributing to the growth of the intrauterine devices market.
What Are the Major Segments of the Intrauterine Devices Market?
1) By Product: Hormonal Intrauterine Device, Copper Intrauterine Device
2) By Age Group: 15-24 Years, 25-34 Years, 35-44 Years, Above 44 Years
3) By End-User: Hospitals, Gynecology Clinics, Community Healthcare, Other End Users
What New Trends Are Transforming the Intrauterine Devices Market?
Companies in the intrauterine devices (IUD) market are focused on developing innovative products like the IUB Ballerine, which offers a more effective and convenient form of birth control. In December 2022, Consilient Health Ltd. launched IUB Ballerine, a hormone-free, long-lasting, and reversible contraceptive. Its flexible nickel/titanium alloy frame with copper beads creates an environment that prevents pregnancy. This design minimizes the risk of expulsion and improves safety during insertion.
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Which Regions Are Driving Growth in the Intrauterine Devices Market?
North America was the largest region in the intrauterine devices market in 2023. The regions covered in the intrauterine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Intrauterine Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the intrauterine devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Intrauterine Devices Market Include
1. Intrauterine Devices Market Executive Summary
2. Intrauterine Devices Market Segments
3. Intrauterine Devices Market Size And Template Market Growth Rate
4. Key Intrauterine Devices Market Trends
5. Major Intrauterine Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Intrauterine Devices Market
26. Top Intrauterine Devices Companies
27. Intrauterine Devices Market Opportunities And Strategies
28. Intrauterine Devices Market, Conclusions And Recommendations
29. Appendix
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