A key driver for the global intrauterine contraceptive devices market will be the increasing initiatives by governments and non-profit organizations towards reducing e unwanted, mistimed, or unintended pregnancies. The IUD is being promoted as a highly effective and low-maintenance method of birth control.
As per Technavio, the long-term efficacy and increased acceptance of IUDs will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global intrauterine contraceptive devices market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global intrauterine contraceptive devices market: Long-term efficacy and increased acceptance
Women today are more informed about different birth control methods, and the stigma around birth control has reduced over the years. Couples seek to control the timing and spacing of children based on financial convenience and to maintain the mother's health. Increased awareness regarding the significance of family planning is leading to the increased adoption of contraceptive methods leading to better outcomes both for the mother and the baby.
“IUDs play a major role in contraception because they offer long-term efficacy against pregnancy and depending on the type of IUD, these devices may last up to 12 years. Advances and developments in IUD technology have helped in increasing the use of IUDs in adolescents and nulliparous women,” says a senior research analyst at Technavio.
Global intrauterine contraceptive devices market: Segmentation analysis
This intrauterine contraceptive devices market analysis report segments the market by type (hormonal intrauterine device and copper intrauterine device), end-user (hospitals, gynecology clinics, and others), and geography (Asia, Europe, North America, and ROW).
The hormonal intrauterine device segment held the largest intrauterine contraceptive devices market share in 2018, accounting for about 80% of the market. This segment is expected to dominate the global market throughout the forecast period.
Europe led the market in 2018 with around 38% of the market share, followed by North America and Asia respectively. Europe is expected to dominate the market throughout the period 2019-2023.
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Five Forces Analysis
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