The Future of the Intranasal Drug Delivery Devices Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Intrauterine Devices Market?
The growth of the intrauterine devices market is on a surge, largely due to the increase in unplanned pregnancies. These unplanned pregnancies refer to ones that are either not intended or unexpected, such as instances where there’s no desire for children or any more children. Intrauterine devices (IUDs) serve as an extremely effective form of birth control because they work by altering the uterine setting in a way that reduces the probability of a sperm fertilizing an egg. For example, the United Nations Population Fund, a US-based agency for sexual and reproductive health, reported in March 2022 that there are 121 million accidental pregnancies worldwide every year. Furthermore, Afghanistan is projected to have 4.8 million unintended pregnancies by 2025. Consequently, the growing percentage of women joining the workforce is propelling the intrauterine devices market’s expansion.
Growth of Intrauterine Devices Market Fueled by Boosting Women’s Participation in the Workforce
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#How Will the CAGR of the Intrauterine Devices Market Influence Its Overall Growth by 2034?
The market for intrauterine devices has seen robust growth in recent times. It is projected to expand from a value of $3.96 billion in 2024 to $4.17 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.3%. The significant growth during the historic period is due to the various factors like family planning initiatives, strides in women’s empowerment, the rise of long-acting reversible contraception (larc), high contraceptive efficiency, cost-effectiveness, diminished side effects, and advocacy by healthcare professionals.
The market for intrauterine devices is projected to experience steady growth in the coming years, reaching $4.94 billion by 2029 with a compound annual growth rate of 4.3%. This growth during the forecast period is linked to several factors, including increased awareness and education, worldwide health initiatives, a shift towards non-hormonal options, broader healthcare access, personalized contraception options, youth-oriented reproductive services, and incorporation with primary healthcare services. Key trends projected for this timeframe include the creation of frameless IUDs, innovation in biodegradable IUDs, improvements in user-friendly insertion systems, the inclusion of contraceptive counselling services, and exploration of non-contraceptive health advantages.
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What Are the Most Significant Market Trends Transforming theIntrauterine Devices Market?
Leading businesses in the intrauterine devices industry are engineering inventive products like IUB Ballerine, which offers women an enhanced and easier form of birth control. IUB Ballerine is a lasting, reversible contraceptive devoid of hormones, and is fabricated from a pliable frame of nickel/titanium alloy with copper beads arranged on it. These beads discharge copper ions into the uterus, thereby creating a hostile surrounding for sperm and averting pregnancy. For instance, Consilient Health Ltd., a pharmaceutical organisation based in the UK, introduced a pioneering intrauterine device (IUD) termed IUB Ballerine in December 2022. This emerging birth control form has multiple benefits over conventional techniques. It presents a long-term, reversible and hormone-free alternative that is designed to be spherical, comfortable, and easy to handle. The IUD innovation includes a distinctive three-dimensional ball-like structure made of copper beads on a flexible Nitinol framework, designed to conform to the uterus, thereby reducing the risk of expulsion and fundal perforation during insertion. Furthermore, it signifies a noteworthy progression in intrauterine contraception, with enhanced safety and simplicity of use.
What Are the Top Market Players Propelling the Growth of theIntrauterine Devices Industry?
Major companies operating in the intrauterine devices market report are Cardinal Health Inc., Pfizer Inc., Merck and Co. Inc., AbbVie Inc., Bayer AG, Abbott Laboratories, Medtronic plc., Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Perrigo Company plc., CooperSurgical Inc., BIOTRONIK Inc., HLL Lifecare Limited, ANI Pharmaceuticals, Actavis GmbH, DKT International Inc., Nipro Medical Corporation, Pfm medical Inc., Besins HealthCare Limited, Pregna International Limited, SCITECH Medical Inc., Viatris Inc., Medicines360, Afaxys Inc., Access Vascular Inc., OCON Medical Ltd., Agile Therapeutics Inc., SMB Corporation of India, Eurogine S.L.
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Which Primary Segments of the Intrauterine Devices Market Are Driving Growth and Industry Transformations?
The intrauterine devices market covered in this report is segmented –
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
Subsegments:
1) By Hormonal Intrauterine Device: Levonorgestrel-Releasing IUD (e.g., Mirena, Kyleena, Skyla), Progestin-Based IUD
2) By Copper Intrauterine Device: Standard Copper IUD (e.g., ParaGard), Mini Copper IUD
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Intrauterine Devices Market?# Market?
North America was the largest region in the intrauterine devices market in 2024. The regions covered in the intrauterine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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