(PharmaNewsWire.Com, February 21, 2017 ) According to the report Global Intrauterine Devices Market, published by Market Data Forecast, the Global Market was worth $ 1,400 million in 2016 and estimated to reach $ 1,768 million by the end of 2021 with a growing potential of 4.78 %.
Intrauterine devices are small contraceptive devices, often T-shaped, containing either levonorgestrel or copper, which are injected into the uterus. They are an effective type of reversible birth control and are a form of long-acting contraception. This market is predicted to show the modest growth during the forecast period and is influenced by the different regional trends that segment the market when it comes to the availability of different contraceptive devices.
Upcoming trends such as the growing incidence of unintended pregnancies are quickly gaining popularity as it helps to control gratuitous healthcare expenditure on abortions. Recently, it has been observed that nearly 60% of all pregnancies are unwanted, unintended and are mistimed. Therefore, governments and non-profit organizations across the world are promoting the use of intrauterine devices, along with family planning, birth control measures to stop unplanned pregnancies. Additionally, the arrangement of various awareness programs by organizations like the ESC, APCOC, IPPF, and FIGO are predicted to amplify the sale of IUDs during the forecast period.
Major factors that influence the growth of the market are advancement in technical innovations, increasing prevalence of STDS (Sexually transmitted diseases), immediate health benefits other than birth control, Rise in government initiatives to prevent unwanted abortions and pregnancies. Restraints that are hindering the growth of the market are Cultural or religious oppositions prevalent in many countries, Economic constraints, Infertility issues, ectopic pregnancy, pelvic inflammatory infection and Limited access to contraception. The Global Intrauterine Devices market is broadly categorized based on product type into Hormonal intrauterine device and Copper intrauterine device. Hormonal intrauterine devices are estimated to have highest market share in the market. Since hormonal intrauterine devices have less complications and risks compared to non-hormonal intrauterine devices.
Based on type: Hormonal Intrauterine devices Copper intrauterine devices Based on Geography North America Intrauterine Devices Market Asia Pacific Intrauterine Devices Market Middle east and Africa Intrauterine Devices Market Latin America Intrauterine Devices Market Europe Intrauterine Devices Market
Some of the major companies operating in global intrauterine devices market are Agile Therapeutics, Actavis PLC, ANI Pharmaceuticals, Inc, Bayer, Teva Pharmaceutical, Besins HealthCare, Brecuro Medical, Effik International, Eurogine, HLL Lifecare, HRA Pharma, Lupin Pharmaceuticals, Ltd, Okamato Industries, Inc, Pfizer.
The Intrauterine Devices Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout related reports in the Medical Devices Category:
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
