HYDERABAD, India, September 30, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the intra uterine contraceptive devices (IUD) market. The report titled, "Global Intra Uterine contraceptive Devices (IUD) Market - Growth, Trends and Forecasts," discusses the current landscape and outlook of the market.
The intra uterine contraceptive devices market is estimated to be USD 1.1 billion in 2016 and is expected to reach USD 2.2 billion by 2021, while projecting a compound annual growth rate (CAGR) of 10.6%.
The market for intrauterine contraceptive devices is mainly driven by the increasing rate of unintended pregnancies and technological innovations. In addition, non-contraceptive health benefits, effective contraception, fewer side effects and rise in initiatives from governments & private firms to prevent unwanted abortions & pregnancies contribute to the IUD market growth.
Our report on the intra uterine contraceptive devices market is segmented as follows:
- By Type
- Hormonal Intra uterine device
- Copper Intra uterine device
- By Products
- By Geography
- North America
- Middle East and Africa
- Latin America
Religious and cultural opposition are the greatest factors hampering this market. Along with these, fear of side effects, issues of infertility, pelvic inflammatory infection, ectopic pregnancy - resulting from the use of IUD, have been the major setbacks. In addition, issues such as limited access to contraception and high costs in developing and economically backward nations, stringent regulatory and reimbursement policies are certain other factors hindering the market growth.
Each geographical region has a different trend of using contraceptive drugs or IUDs. IUDs are popular in Europe; Scandinavian countries, Norway and Sweden have recorded the highest use of IUD and hormonal IUDs are popular in these countries. Some of the Asian countries continue to use traditional methods of contraception whereas countries such as China have about 42% of people use IUDs. Asia-Pacific region has the largest market for IUDs.
Some of the major players profiled in the report include: Bayer AG, Actavis PLC, Agile Therapeutics, ANI Pharmaceuticals, Inc., Pfizer, Mylan Laboratories, among others
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SOURCE Mordor Intelligence