SEATTLE, March 19, 2021, (MEDGADGET) — Global Intrauterine Contraceptive Devices Market – Insights
Intrauterine contraceptive devices (IUDs) are long-acting reversible contraceptives (LARC) that inserted in the uterus in order to prevent conception. The arms of the t-shaped device are fold flat to insert inside the womb. Copper or levonorgestrel is used in IUDs to restrict fertilization of the egg. The approximate tenure of these devices is between five to eight years. Copper IUD is used as an emergency contraceptive after an unprotected sex.
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IUDs have no adverse impact on breastfeeding, when inserted immediately after delivery. These devices can also be used immediately after abortion. Removal of IUDs effectively restores fertility. Professional help is required to insert these devices. According to an article published by Patient, a web-based health information platform, IUDs are very effective as 1 to 2 out of every 100 women become pregnant after 5 years of using the device. The non-users of this device, who are sexually active, become pregnant and the count reaches to 80 out of 100 women within 1 year.
Global Intrauterine Contraceptive Devices Market: Drivers
Increasing incidents of unplanned pregnancies is expected to boost growth of the global intrauterine contraceptive devices market over the forecast period. Moreover, benefits of UIDs such as low cost, no impact on user’s mood, libido, and weight, no risk of cancer, no requirement of a new contraception every day, and less side-effects are also expected to propel demand for IUDs.
Increasing sales of IUDs is also expected to boost growth of the market. For instance, according to DKT International’s Contraceptive Social Marketing (CSM) Statistics report released in October 2018, there has been a 6.8% increase from 2016, and a nearly 18% increase from 2015 in sale of nearly 1.8 billion condoms, 44 million injectable contraceptives, nearly 1.4 million implants, over 17.3 million emergency contraception (EC) pills, and 5.1 million IUDs.
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Global Intrauterine Contraceptive Devices Market: Restraints
However, use of IUDs may lead to heavy menstrual bleeding, which may result in painful cramps. This in turn is expected to hinder growth of the global intrauterine contraceptive devices market. Moreover, other factors such as demand for contraceptive pills for shorter period usage and need for continuous assistance from healthcare professionals are also expected to hamper the market growth.
Global Intrauterine Contraceptive Devices Market: Segment Analysis
On the basis of product, the global intrauterine contraceptive devices market is segmented into hormonal IUD and copper IUD. The demand for hormonal IUD is has as failure rate with hormonal IUD is around 0.2% whereas failure rate with copper IUD is around 0.8% in the first year of usage of the device.
On the basis of end user, the global intrauterine contraceptive devices market is segmented into hospitals, gynecology clinics, and others. On the basis of region, the global intrauterine contraceptive devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Global Intrauterine Contraceptive Devices Market: Regional Analysis
Asia Pacific is expected to hold dominant position in the global intrauterine contraceptive devices market over the forecast period. This is attributed to increasing number of unplanned pregnancies and developing healthcare sector in the region. Increasing development in IUDs is expected to boost growth of the market in North America and Europe.
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Global Intrauterine Contraceptive Devices Market: Competitive Landscape
Major players operating in the global intrauterine contraceptive devices market include, Bayer HealthCare AG, Melbea AG, DKT International, Medicines360, and Egemen International. Key players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in 2015, Bayer HealthCare entered into a strategic partnership with Afaxys, Inc. to expand access to contraception in the public health sector in the U.S.
Increasing focus on women’s health and guidelines for use of IUDs is expected to boost the market growth. For instance, in August 2019, the World Health Organization (WHO) revised its guidelines on contraceptive use in accordance with new evidence regarding high risk of HIV in women. The new guidelines state that women should have access to a range of options for contraception, HIV prevention, and treatment such as progestogen-only injectables, implants, and intrauterine devices (IUDs).
Key players in the market are adopting promotion strategies to enhance their market share. For instance, in February 2019, Bayer HealthCare AG started the first ever ad campaign regarding IUDs. The goal of the campaign is to explain the purpose of levonorgestrel-releasing IUDs and also to provide basic knowledge about these devices.
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