PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552521
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552521
The global intrauterine devices market size is expected to reach USD 8.67 billion by 2032, according to a new study by Polaris Market Research. The report "Intrauterine Devices Market Size, Share, Trends, Industry Analysis Report: By Product (Copper IUD and Hormonal IUD), By Age Group, By End User, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global intrauterine devices (IUD) market is experiencing significant growth, driven by increasing awareness of long-acting reversible contraceptives (LARC), rising incidence of unintended pregnancies, and favorable government initiatives promoting family planning. Increasing technological advancements in IUD technologies, such as the development of hormone-releasing devices that offer contraceptive and therapeutic benefits, propel market expansion. Key trends include a growing preference for noninvasive, effective birth control methods and rising demand in developing regions due to improved access to healthcare services. Additionally, the market is benefiting from increased investments in research and development, leading to the introduction of more efficient and safer IUDs.
Key factors driving the intrauterine devices market growth are rising awareness and acceptance of long-acting reversible contraceptives (LARCs), technological advancements in IUD design and functionality, and supportive governmental and nongovernmental initiatives promoting family planning and reproductive health.
The hormonal IUDs segment dominates the intrauterine devices market due to their dual functionality of providing effective contraception and managing conditions such as heavy menstrual bleeding.
The copper IUDs segment is a faster-growing segment, driven by increasing awareness of nonhormonal contraceptive options and their long-term effectiveness.
The 25-29 segment, by age group, is the largest and most dominant segment, primarily due to its significant proportion of women seeking effective and long-term contraceptive solutions while managing career and family planning.
The hospitals segment dominates the intrauterine devices market, as they are often the primary setting for IUD insertions due to their comprehensive healthcare services and availability of specialized medical staff.
North America dominates the market, whereas Asia Pacific is expected to witness the highest growth rate during the forecast period.
Polaris Market Research has segmented the Intrauterine Devices market report on the basis of product, age group, end user, and region.