Global Intrauterine Contraceptive Devices (IUD) Market - 2024-2031

Report Overview

The Global Intrauterine Contraceptive Devices (IUD) Market reached US$ 3.1 billion in 2023 and is expected to reach US$ 4.45 billion by 2031, growing at a CAGR of 4.7% during the forecast period 2024-2031.

An intrauterine device is a small plastic T-shaped device used for birth control. It is inserted into the uterus where it stays to prevent pregnancy. Intrauterine devices prevent sperm from fertilizing an egg and prevent fertilized eggs from implanting in the uterus. The use of intrauterine devices is also being studied in the prevention and treatment of endometrial cancer and other conditions.

Intrauterine devices are one of the most effective forms of contraception available today, with rates of failure similar to various forms of sterilization. There are many benefits of IUDs, including efficacy, ease of use, reversible nature, and patient satisfaction, especially with time commitment for long-term use and cost. This activity reviews the indications, contraindications, risks, and benefits of intrauterine device placement and removal. This activity will also detail the role of the interprofessional team in providing patients who undergo intrauterine device placement and removal with the best possible care.

Market Dynamics: Drivers

Increasing prevalence of viral infections

The demand for the intrauterine contraceptive devices (IUD) market is driven by multiple factors. The increase in awareness among people propels the market growth. Furthermore, the demand for the intrauterine contraceptive devices (IUD) market will be fueled by technological advancements and government initiatives. For instance, according to the United Nations, as of February 2022, the United Nations reported that 161 million people worldwide use intrauterine devices (IUDs) as a form of contraception, making it one of the most common methods globally. In the United States, 20.4% of sexually experienced women have ever used an IUD, according to the CDC as of December 2023. In 2016, 14% of contraceptive users between the ages of 15 and 44 in the U.S. used an IUD, up from 2.4% in 2002. Women between the ages of 25 and 29 had the highest rates of IUD use at 19%, while those between 15 and 19 and 45 and 49 had the lowest rates at 5-6%.

Moreover, according to an article posted by nih.gov, in July 2023, the use of an IUD contraceptive method varies widely. 18% in Eastern and southeastern Asia, and Northern Africa, while it is 27.8% in Tunisia and 36.1% in Egypt. Even though the use of modern contraceptive methods has nearly tripled; increasing from 14% to 41% between 2005 and 2019 among married women in Ethiopia, the contribution of an IUD to the method mix is negligible. The utilization of an IUD varies from 5.2% in Addis Ababa to 0.4% in the Gambella region to null in the Somali region of Ethiopia.

Restraints

Factors such as high costs associated with IUDs and side effects caused due to IUDs are expected to hamper the market. Women who use IUDs may experience side effects such as irregular menstrual cycle, increased period bleeding, and worsening of period cramps. In a few cases, it may lead to ectopic pregnancies and pelvic pain.

Market Segment Analysis

The global intrauterine contraceptive devices market is segmented based on type, end-user, and region.

The segment copper IUD accounted for approximately 45.8% of the intrauterine contraceptive devices market share

The copper IUD segment is expected to hold the largest market share over the forecast period. In this segment, the development of government regulation, and rising funds for private manufacturers for research work would drive this market.

The non-hormonal copper IUD is a small plastic device with copper wire coiled (wrapped) around the frame. It is inserted into the uterus (womb) where the IUD constantly releases a small amount of copper. The copper IUDs are more than 99% effective at preventing pregnancy and can last for up to 5 - 10 years (depending on the type). A copper IUD can be used for contraception until menopause if inserted when one is 40 years of age or older.

For instance, in October 2023, Sebela Women's Health Inc., a part of Sebela Pharmaceuticals, announced additional positive data from the pivotal Phase 3 open-label study of the investigational Copper 175 mm2 intra-uterine device (IUD). The data presented at three recent women's health scientific congresses provide further support for the investigational, next-generation, hormone-free IUD as exhibited in its pivotal phase 3 trial. The hormone-free Copper 175 mm2 IUD has a flexible frame made of nitinol, a material that has superelastic properties and allows for the copper to be strategically placed near the Ostia of the fallopian tubes and the internal os of the cervix for proximal effect.

Market Geographical Share

North America accounted for approximately 48.6% of the intrauterine contraceptive devices market share

North America region is expected to hold the largest market share over the forecast period. The growing awareness among people, in this region, helps to propel the market.

For instance, in August 2022, the US Food and Drug Administration (FDA) approved a supplemental New Drug Application for an extension of Mirena (levonorgestrel-releasing intrauterine system) 52 mg Intrauterine Device (IUD) for an additional year, extending the number of years it can be used to prevent pregnancy to 8 years. The approval follows a phase 3 trial which analyzed the effectiveness of Mirena in 362 women who have used the product for over 5 years. Contraceptive efficacy was over 99% from 6 to 8 years of use, and no new safety findings were found. Mirena releases the hormone levonorgestrel into the uterus to prevent pregnancy and can treat heavy periods for 5 years in women who take intrauterine contraception.

Market Segmentation

By Type

• Hormonal IUD
• Copper IUD

By End-User

• Hospitals
• Gynaecology Clinics
• Community Healthcare Centers
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe
• South America
• Brazil
• Argentina
• Rest of South America
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Middle East and Africa

Market Competitive Landscape

The major global players in the global intrauterine contraceptive devices (IUD) market include Teva Pharmaceuticals, Bayer, Pregna, OCON Medical, Eurogine, SMB Corporation, Actavis, Agile, Besins Healthcare, and Pfizer among others.

Key Developments

• In July 2024, 3Daughters, a clinical development company dedicated to advancing women's healthcare, announced the successful completion of an oversubscribed seed financing round, raising $4.7 million. This round saw participation from existing investors including Thairm Bio, Argosy Foundation, Wexford Science and Technology, UMass Amherst, and new undisclosed investors.
• In November 2023, Bayer and CrossBay Medical announced a development and licensing agreement to create a single-handed inserter for intrauterine systems (IUS), integrating CrossBay's CrossGlide technology with Bayer's hormonal IUD portfolio. The new inserter, using CrossGlide technology, aims to potentially improve the comfort of intrauterine placement, and might reduce discomfort during the insertion process. This could also shorten the procedure time required by healthcare professionals.

Why Purchase the Report?

• To visualize the global intrauterine contraceptive devices market segmentation based on type, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of global intrauterine contraceptive devices market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global intrauterine contraceptive devices market report would provide approximately 51 tables, 54 figures, and 181 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies