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LONDON, March 28, 2019 / PRNewswire / – About this market
Effective contraception and reduced side effects of IUDs are driving growth in the global market for intrauterine contraceptives. The popularity of IUDs is gaining popularity around the world because of their safety, efficacy, long-term use and reduced risk burden. Once inserted, the devices do not require any further action on the part of the user. In the context of safety, the IUD is not only an appropriate choice but should also be considered the first line of contraception for adolescent girls and nulliparous women. The risk of PID with IUD use is not higher than in the general population and the initial risk is observed only within twenty days of IUD insertion. For women, the benefits of the IUD often outweigh the minor risks. IUDs can be used even after miscarriage, abortion or childbirth. Copper IUDs do not contain hormones and can therefore be used by badfeeding mothers. These devices can be used as contraception even in case of emergency. Technavio badysts predicted that the market for intrauterine contraceptive devices (IUDs) would register a CAGR of almost 4% by 2023.
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Market overview
Increase in the number of government initiatives and non-profit organizations
In the early years of promoting family planning, governments had to focus on more than one method of contraception. One of the methods becoming established and popular, people wanted it. Footprints of early priority policies are highly visible in countries with high IUD use, such as Vietnam, Chinaand several countries of the former Soviet Union.
Adverse effects of IUDs
IUDs are safer and more effective and must be approved by the FDA for commercialization. Nevertheless, as with any medical device, IUDs have some undesirable effects. Menorrhagia, dysmenorrhea and polymenorrhea are the main causes of IUD discontinuation by users. However, the use of IUDs poses serious, uncommon problems. Such adverse effects related to the use of IUDs may induce individuals to choose other methods of contraception.
For a detailed list of factors that will stimulate and hinder the growth of the intrauterine contraceptive device (IUD) market over the 2019-2023 period, see our report.
Competitive landscape
The market seems rather fragmented and with the presence of several companies. This market research report will help customers identify new growth opportunities and design unique growth strategies by providing a comprehensive badysis of the competitive market landscape and product information offered by companies.
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