(PharmaNewsWire.Com, July 06, 2017 ) Intrauterine devices (IUDs) are contraceptive medical implants used to avoid pregnancies for a long time period. IUD’S are also known as long-acting reversible contraceptive devices. An IUD is a T-shaped device which is made of flexible plastic along with a copper wire wrapped around its stem and is a reliable and safe method of sterilization for women. Mirena and ParaGard are some of the prominent brands available in the market. Recent trends such as growing incidence of unwanted pregnancies are rapidly attaining popularity as it helps to limit the health care expenditure on aborstions. Moreover, the various awareness programs by organizations like the ESC, APCOC, IPPF, and FIGO are predicted to increase the sales of Intrauterine devices during the forecast period.
Advancement in technical innovations, increasing prevalence of STD’S (Sexually transmitted diseases), instant health benefits other than birth control, Increasing government initiatives to prevent unwanted abortions and pregnancies are the factors driving the growth of the market. Restraints that are hindering the growth of the market are Economic constraints, Infertility issues and Limited access to contraception.
The North America intrauterine Devices market is broadly categorized based on product type into Hormonal intrauterine device and Copper intrauterine device. Hormonal intrauterine devices is predicted to have largest share in the market. As hormonal intrauterine devices have less complications and risks compared to non-hormonal intrauterine devices.
Some of the major companies operating in North America 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.
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