(PharmaNewsWire.Com, February 09, 2017 ) According to the report North America Intrauterine Devices Market, published by Market Data Forecast, the North American Market was worth $ 238 million in 2016 and estimated to reach $ 300.8 million by the end of 2021 with a growing potential of 4.80 %.
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 abortions. 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.
The Intrauterine Devices Market study offers the following deliverables:
• 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 Porter’s 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
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