The report on the Intrauterine Contraceptive Market is segmented By Device (Hormonal Intrauterine, Copper Intrauterine), By End User (Hospitals, Gynecology Clinics, Community Health Care Centers), and Region - COVID-19 Impact Analysis and Forecast to 2026.
Market Insights
The Intrauterine Contraceptive Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 10.2% during the forecast period.
Key players
Some of the major players operating in the global Intrauterine Contraceptive Market are-
- Abbvie Inc (Allergan Plc) (US)
- Bayer AG (Germany)
- CooperSurgical Inc. (US)
- DKT International (US)
- EUROGINE, S.L (Luxembourg)
- Mona Lisa NV (Belgium)
- Pregna International Limited (India)
- Prosan International BV (Netherlands)
- SMB Corporation of India (India)
- Melbea AG (US).
Report Features
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure - as it reflects the value chain of different commodities in the market.
- Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
- Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
- Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
Market Dynamics
The report covers maximum factors that affect the Intrauterine Contraceptive Market. According to this report,
The key factors include the technological innovations resulting ineffective contraception and fewer side effects, the rising rate of unintended pregnancies, and supportive government initiatives & private firms for the prevention of unwanted abortions and pregnancies, which boosts the market growth. Also, the market is largely driven by the growing rate of unintended pregnancies and unwanted abortions. Moreover, the long-term efficacy and rising acceptance are likely to augment the growth of the intrauterine contraceptive devices market.
Segments' Analysis
Based on the device, the market has been classified into hormonal intrauterine and copper intrauterine. The copper intrauterine segment accounted for a substantial market share in 2020. Copper IUDs have been in the market for a very long time, since 1988, earlier than the hormonal IUDs. One of the benefits of using copper IUDs is that they can be used as emergency contraceptives. Also, they can be used within five days of unprotected intercourse to avoid pregnancy.
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the large presence of advanced healthcare infrastructure, rise in demand for intrauterine contraceptives, as well as presence of major market participants. IUDs are one of the most effective forms of reversible contraception, and the interest in this method is rising among women and healthcare providers in the region. The US has shown the greatest demand in the use of both hormone-free copper, as well as hormone-based IUDs, which further proliferates regional growth.
Critical Questions Answered in the Report
l What are the key trends in the global Intrauterine Contraceptive Market?
l How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
l What is the impact of COVID-19 on global Intrauterine Contraceptive Market?
l What are the key strategies adopted by the major vendors to lead in the global Intrauterine Contraceptive Market?
l What is the market share of the top vendors?
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