Intrauterine Devices (IUD) Market: By Type (Nonhormonal: Copper-containing IUD, Hormonal: Progestogen-releasing IUD), By Age Group (15-24 years, 25-34 years, 35-44 years, Above 44 years), By End User (Hospitals, Clinics, Community Health Care Centres) and Geography  

Intrauterine Devices Market is expected to be valued at USD 3,476.4 million in 2022 and is poised to grow at a significant CAGR of 4.1% over 2023-2029. An intrauterine contraceptive device (IUD) is a T-shaped, small, birth control device that's put inside the uterus, to prevent pregnancy. These devices are highly effective at a reasonable cost, and safe to use in case of preventing pregnancy. The contraceptive effect of IUDs is due to the confined inflammation that occurs after their insertion. The inflammatory reaction produced inside the uterus produces substances that are toxic to sperm. Intrauterine devices do not affect breastfeeding and consequently can be used instantly after delivery as well and these can also be used after an abortion has recently been performed. The features and benefits of these devices are the primary factors for the growth of the intrauterine contraceptive devices (IUD) market. Furthermore, the technological advancements that led to effective contraception, with no side effects further propelled the growth of the intrauterine devices market.

Additionally, a rise in the rate of unintended pregnancies, such as the percentage of unwanted pregnancies is observed to be the maximum in teens of the age group of less than 18, followed by women in the age group of 20 to 24 years. These unintentional pregnancies are directly contributing to the flow in the demand for contraceptive devices. Furthermore, favorable government initiatives for the prevention of unwanted pregnancies are expected to expand the market size over the forecasted period. Therefore, the market studies observed that it can be anticipated that the worldwide phenomenon of unintended pregnancies will be a foremost driving factor. Over the past few years, it has been studied that a large number of pregnancies are mistimed, unwanted, and unintended. On account of this, several governments and non-profit organizations are encouraging the usage of IUDs by educating people about total birth control measures and family planning. Furthermore, the repealing of the Affordable Care Act (ACA) in the United States, has encouraged a major section of women to adopt long-term reversible contraception (LARC) options, such as IUDs, due to the lack of abortion rights, and rising co-payment. The market is further enhanced by technological innovations, such as reusable and postpartum IUDs, all of these are anticipated to propel the growth of the market over the forecast period.