Latest News- Intrauterine Contraceptive Devices (IUD) Market: Hormonal intrauterine device is expected to lead the Type segment during 2024-2028

The Intrauterine Contraceptive Devices (IUD) Market is being driven by Increasing rate of unintended pregnancies and unwanted abortions

The Intrauterine Contraceptive Devices (IUD) Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1105.8 million. In the global landscape, unintended pregnancy rates have experienced a significant decrease since the 1990s. However, these rates continue to vary substantially across regions, with developed areas exhibiting a more pronounced reduction compared to developing regions. This decline in unintended pregnancies has resulted in a corresponding decrease in abortion rates. With increased awareness and reduced stigma surrounding birth control, women are now more informed about their options. The desire for financial convenience and prioritizing the health of mothers has fueled the demand for effective contraceptive methods. Intrauterine Contraceptive Devices (IUDs) have emerged as a popular solution for birth spacing and preventing unwanted pregnancies. By offering reliable contraception, IUDs empower couples to plan their families more effectively. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing rate of unintended pregnancies and unwanted abortions
• Effectiveness of intrauterine devices
• High growth of e-commerce platforms

However, the market also witnesses some limitations, which are as follows:

• Adverse effects of IUD
• High-cost constraints
• Lack of reimbursement

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Market Scope in Intrauterine Contraceptive Devices (IUD) Market Research Report

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Research Analysis Overview

The Intrauterine Contraceptive Devices (IUD) market has seen significant growth due to the high prevalence of unplanned pregnancies among adolescents, leading to discontinuation of schooling and subsequent abortions. Hospitals and clinics offer IUDs as a reliable form of family planning, with Allergan's copper T-380A and hormonal IUDs like Liletta being popular choices. Affordability is a key factor, as IUDs prevent fertilization by sperm and egg interaction through copper ions or hormones, and are more effective than other contraceptives. Community healthcare programs also promote IUDs, with white blood cells and prostaglandins playing a role in their function.

Market Research Overview

The Intrauterine Contraceptive Devices (IUD) market is a significant segment within the global healthcare equipment industry, as identified by Technavio. This market encompasses manufacturers producing implants used for the prevention of unwanted pregnancies. The IUD market's growth is driven by factors such as rising awareness of family planning, increased adolescent sexual activity, and a higher incidence of premarital and unplanned pregnancies. These factors contribute to discontinuation of education and subsequent economic consequences, making abortion a relevant concern. As part of the global healthcare equipment market, the IUD market is integral to the industry's combined revenue generation through the manufacturing of diagnostic equipment, devices, implants, accessories, and consumables for various therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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