Intrauterine Devices Market, Share, Growth, Trends and Forecast to 2032: Global Market Insights

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Intrauterine Devices Market Research Report
Analysis and Forecasts to 2032
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• Industry Insights

• Intrauterine Devices Market is expected to grow
  considerably through 2032 owing to the increasing
  preference for planned delayed pregnancy.
• However, the high cost of intrauterine devices as
  compared to the other cost-effective alternatives
  has put a strain on the overall market growth.
• In light of the increased prevalence of unwanted
  births, growing abortion rates, health
  degradation, and other factors, governments are
  working on expanding their capabilities by
  raising knowledge and offering IUDs as a
  contraceptive option to women.
• Its low adoption rate, particularly in developing
  areas, is hampered by its high acquisition costs.

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• On the other hand, the increasing usage of
  intrauterine devices can be credited to the
  rising incidence of unwanted pregnancies and the
  adverse effects associated with alternative
  contraceptive methods, such as oral pills, which
  has favorably impacted market growth.
• Leading companies are creating new and advanced
  options for preventing pregnancies to score a
  competitive edge in the market.
• For instance, in August 2021, Bayer AG received
  FDA approval for an upgrade of the Intrauterine
  Device (IUD) Mirena 52 mg for a maximum of seven
  years of preventing pregnancy.
• The approval has enabled the company to enhance
  its intrauterine device product line, resulting
  in increased revenue creation.
• Based on the age group, the 20-24 age segment is
  slated to grow at 6 CAGR from 2023 to 2032.
  Young adult women are increasingly using IUDs due
  to awareness campaigns and additional health
  advantages provided by these devices.

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• Regional Analysis

• From the regional perspective, the North America
  intrauterine devices market is speculated to
  witness notable expansion by 2032. The high
  market position held by North America can be
  credited to a variety of factors, including
  growing public knowledge of innovative
  contraceptive methods including IUDs, which have
  resulted in an immediate drop in unplanned
  pregnancies in the region.

• Competitive Analysis

• Pregna International Ltd., Allergan (AbbVie
  Inc.), OCON Medical Ltd., HLL Lifecare Limited,
  Durbin, SMB Corporation of India

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