(PharmaNewsWire.Com, February 10, 2017 ) According to the report Latin America Intrauterine Devices Market, published by Market Data Forecast, the Latin American Market was worth $ 238 million in 2016 and estimated to reach $ 301 million by the end of 2021 with a growing potential of 4.8 %.
Intrauterine devices (IUDs) are contraceptive medical implants used to avert pregnancies for a long-time period. The intrauterine contraceptive device is a safe, effective and convenient contraceptive method. Their use in less developed countries has been controlled due to increase in menstrual blood loss, a vital issue in populations with a high prevalence of anaemia. The levonorgestrel releasing IUD (LNg IUD) which is the first device that is highly effective, long-lasting and reduces the blood loss during menstruation. So, this device is accepted, most used in Latin America. This device will have a clear niche amid reversible contraceptives when available.
Technical innovations, increasing prevalence of STD’S (Sexually transmitted diseases), direct health benefits other than birth control, increasing government initiatives to prevent unwanted abortions and pregnancies are driving the growth of the market in Latin America. The factors that are hampering the growth of the market are issues of Infertility, Religious and cultural opposition, ectopic pregnancy, pelvic inflammatory infection, and Limited access to contraception.
The Latin America intrauterine Devices market is broadly categorized based on product type into Hormonal intrauterine device and Copper intrauterine device. The largest share in the market is held by Hormonal IUD’S compared to Copper IUD’S due to their less risks and complications. Inquire more about the report here http://www.marketdataforecast.com/market-reports/latin-america-intrauterine-devices-market-1096/inquire • Based on type: • Hormonal Intrauterine devices • Copper intrauterine devices • Based on Geography
Key players influencing the Latin America intrauterine devices market are Agile Therapeutics, Actavis PLC, ANI Pharmaceuticals, Inc, Bayer AG, Teva Pharmaceutical, Pfizer, Mylan laboratories, Besins HealthCare, Brecuro Medical, Effik International, Eurogine, HLL Lifecare, HRA Pharma, Lupin Pharmaceuticals, Ltd, Okamato Industries, Inc.
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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