According to the report Latin America Intrauterine Devices Market, published by Market Data Forecast, the market is projected to reach USD 301 million by 2021, at a CAGR of 4.8% from 2016 to 2021.
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) 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.
Get a comprehensive overview of the Latin America Intrauterine Devices Market: http://www.marketdataforecast.com/market-reports/latin-america-intrauterine-devices-market-1096/
Latin America Intrauterine Devices Market: Drivers and Restraints
Technological advancements, increasing occurrence of STD’S (Sexually transmitted diseases) are the major factors driving the Intrauterine devices market. 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. Increasing initiatives by various NGO’s and private organizations are also driving the market. The factors that are restraining the growth of the market are issues of Infertility, Religious and cultural opposition, ectopic pregnancy, pelvic inflammatory infection, and Limited access to contraception.
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Latin America Intrauterine Devices Market: Segmentation
By Product Type:
- Hormonal Intrauterine Devices
- Copper Intrauterine Devices
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Latin America Intrauterine Devices Market: Overview
14.3% of ladies of regenerative age utilize intrauterine contraception (IUC), however the circulation of IUC clients is strikingly non uniform. In a few nations, the rate of ladies utilizing IUC is < 2%, while in different nations, it is > 40%. Usage of IUC is more affected by factors such as regional differences, government policy and the educational level of health care providers than by medical eligibility criteria. This situation has been increasing on account of the government initiatives and the involvement of NGO’s to prevent unwanted pregnancies. Lack of proper sex education and religious beliefs and threat of causing pelvic inflammatory diseases are the major restraints of the market.
Latin America Intrauterine Devices Market: Region-wise Outlook
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.
Key Questions Answered
- What is the current and future intrauterine Devices market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the intrauterine Devices market in Latin America?
- What are the key, high growth markets that intrauterine Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the intrauterine Devices currently on the market? How will emerging technologies fulfill these unmet needs?
- What is physician perception and market outlook of intrauterine Devices?
- What are the challenges and barriers that have hindered widespread adoption of intrauterine Devices?
Latin America Intrauterine Devices Market: Key Players
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.
Reasons to buy Latin America Intrauterine Devices Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
Checkout other related studies in the Medical Devices Segment:
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- Latin America Medical Gases and Equipment Market: http://www.marketdataforecast.com/market-reports/latin-america-medical-gases-and-equipment-market-2208/
- Latin America Chromatography Instrumentation market: http://www.marketdataforecast.com/market-reports/latin-america-chromatography-instrumentation-market-2215/
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