According to Data Bridge Market Research new Market report “Global Intra-Uterine Contraceptive Devices Market, By Product Type (Hormonal IUCD, Copper IUCD), By End-User (Hospitals, Gynecology Clinics, Community Healthcare), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) –Industry Trends and Forecast to 2024”, is projected to reach USD 4.9 billion by 2024, from USD 3.68 billion in 2013, at a CAGR of 3.5% during the forecast period from 2017 to 2024.
Intrauterine contraceptive devices are most commonly known as IUDs/IUCDs. These devices are inserted into the uterus by doctors and other healthcare professionals to prevent contraception, by either immobilizing the sperms on their way to the fallopian tubes or by changing the uterine lining, so that the fertilized egg cannot be implanted in it.
The market for IUD devices is expected to be driven by factors such as increased incidence of unplanned pregnancy, rising number of initiatives by private firms and nonprofit organizations such as USAID, DKT International and Profamilia among others. Also the affordable care act has opened up the fastest growing market for IUCD devices globally. After the ACA was accredited the women in U.S. became more aware of IUD devices owing to private firms initiated the campaigns as the government was completely reimbursing the cost for IUCD devices. Also with the advent of hormonal IUD products and other technological developments the number of IUD products sold globally showed a gradual rise in the last decade.
Based on geography the Global Intra Uterine Contraceptive Devices Market market is segmented into 5 geographical regions which are North America, Europe, Asia-Pacific, South America and rest of the world. The report of this market shares countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa.
The global intra-uterine contraceptive devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of intra-uterine devices market for global, Europe, North America, Asia Pacific and Rest of the World.
Some of the other players in this market include DKT International, Egemen International, Melbea AG, Ocon Medical Ltd., Pregna International Limited, Medical Engineering Corporation SA and, SMB Corporation and Meril Life Sciences Pvt. Ltd., Medu Scientific Ltd, China RH Contraceptives Co., Ltd, Sanghai Jolly Medical Education Co., Ltd, Bernstein Leibhard LLP, Zheijang Daji Medical Instruments, Ltd., Nimble International, AME Line, Technico, Cepeo, Contraceptivos, Injeflex Ind And Com Ltda, Bersil, Amed among others.
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