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United States IUD Market- Industry Trends & Forecast Report 2027 United States IUD Market- Industry Trends & Forecast Report 2027

United States IUD Market- Industry Trends & Forecast Report 2027 - PDF document

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United States IUD Market- Industry Trends & Forecast Report 2027 - PPT Presentation

United States IUD market was worth USD 900 Million in 2020 further projected to grow at a CAGR of 49 during the forecast period 20212027 to reach the valuation of USD 12101 Million by 2027 ID: 894893

BlueWeave market research reports consulting firm medical equipment healthcare industry pregnancy health

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United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 United States IUD Market - Industry Trends & Forecast Report 2027 A study recently conducted by the strategic consulting and market research fir m BlueWeave Consulting revealed that United States IUD market was worth USD 900 Million in 2020. According to the study, the market is projected to grow at a CAGR of 4.9% during the forecast period (2021 - 2027) to reach the valuation of USD 1,210.1 Million by 2027. In recent years, there has b een an increase in government initiatives aimed at improving access to family planning and reproductive health, which in turn is driving the United States IUD market. Approximately one - third of the maternal deaths in the United States can be prevented if w omen use effective contraception . The United States government has been supporting family planning and reproductive health efforts for the past 50 years. It is the largest contributor to family planning and reproductive health globally. US government purch ases and distributes contraceptives on a global scale, providing a major impetus for growth in the United States IUD market . Report Overview United States IUD market is driven by the increasing number of unintended pregnancies in the United States and supportive government initiatives across the region . United States IUD Market - Industry Trends & Forecast Report 202 7 United Stat es IUD market was worth USD 900 Million in 2020, further projected to grow at a CAGR of 4.9% during the forecast period (2021 - 2027) to reach the valuation of USD 1,210.1 Million by 2027. IUD market growth in the United States View report Press release Sample report United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 has been primarily driven by t he increase in unintended pregnancies and government initiatives, such as providing free IUDs to women from low - income communities. In addition, the inclusion of birth control contraceptives in the Affordable Care Act (ACA) and the provision of medical cov erage to women has been a significant element in the growth of the United States IUDs Market. Additionally, higher regulatory approvals and increased competition among pharmaceutical manufacturers for producing IUDs have are also favoring the market’s grow th . Source: BlueWeave Consultin g United States IUD Market Overvie w IUDs are T - shaped plastic strips that are inserted into the uterus to prevent conception. Copper - coated IUD prevents fertilization of the egg by restricting sperm entrance. These devices a re planted with the help of doctors or nurses. For instance, Oncit is a device implanted into the uterus that helps prevent undesired or forced pregnancy for an extended period of time (3 to 10 years). Women of lower - income class and those of middle - to - hig h income class who wish not to bear children are making long - term birth control measures like these more popular. It is estimated that IUDs have a 98% effectiveness rate according to IPPF (International Planned Parenthood Federation). Preventing pregnancy using the hormonal type is effective in 98% of cases. However, with time this tends to witness some loss of ineffectiveness . United States IU D Market Tren d Growth Driver s Higher Rates of Effectiveness Compared to Other Method s There are two types of IUDs currently present in the IUDs market, namely, Hormonal IUDs & Non - Hormonal (Copper) IUDs. The effectiveness across the two types of IUDs differs in terms of emergency usage and the possibility of pregnancy under unprotected inte rcourse. Hormonal IUDs are not effective in case of emergency; however, they still dominate the United States IUD market due to their higher effectiveness. An estimated 2 to 8 in every 1,000 women (0.2 per 100 United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 women for Mirena) who have IUDs get pregnant i n a year of typical use. IUDs are so effective as there is no chance of mistakes, skipping, or taking contraceptive pills. Thus, the high rate of effectiveness of IUD as compared to other contraceptives has propelled the market growth . Fig: Estimated Numbe rs Of Women (Million) Of Reproductive Age (15 - 49 Years) Using Various Contraceptive Methods, 1994 And 2019 Source: Secondary Search & BlueWeave Consulting Restrain t An IUD May Increase the Possibility of Pregnancy Complication s Women use IUDs to prevent the risk of pregnancies for a more extended period. However, studies have reported that the risk of preterm birth, miscarriage, and infection of the amniotic sac and chorioamnionitis (fluid before delivery) is significantly higher when IUDs are left in place during pregnancy compared to pregnancies in which the IUD is removed. Very few women (2% to 10%) experience misplacements of their IUDs either completely or partially. Moreover, getting pregnant with an IUD increases the risk o f ectopic or tubal pregnancy, which can damage the reproductive organs. Additionally, preterm birth may lead to multiple side effects, such as cerebral palsy, impaired learning, vision problems, hearing problems, dental problems, and others. Because of the numerous side effects, most women opt not to use many of the IUDs available for women, thus impeding the growth of the United States IUD market . Impact Of COVID - 1 9 The pandemic caused by COVID - 19 caused significant volatility and uncertainty in the United States and global economies, elevating operational risks in early 2020. Women in the U.S are more likely than men to have lost work during the pandemic. Additionally, because of the huge increase in general unemployment, many people have lost their job - r elated health insurance, limiting their access to health care. Thus, women's access to contraception and other SRH services, as well as their ability to pay for these services, has been limited during the pandemic. Furthermore, due to the pandemic's interr uptions, many patients are United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 unable to receive their preferred method of contraception . Several women have been unable to get long - acting birth control, including intrauterine devices (IUDs) or implants, as they require in - person visits. Instead, they resort ed to less effective measures that can be carried out via telemedicine, such as pills . United States IUD Market: By Typ e There are two types of IUDs in the United States IUDs market: hormonal and copper. Hormonal IUD segment accounted for the largest mar ket share in 2020 and is expected to grow significantly. Since numerous side effects plague copper IUDs, the segment is expected to decline during the forecast period. Hormonal IUDs are trending across the United States region and likely hold significant m arket share in the upcoming years . The FDA has approved five distinct IUDs in the United States, all of which are safe for adolescents and young adults. ParaGard, Mirena, Liletta, Kyleena, and Skyla are popular brands across the region. The different varieties of IUDs have similar effective ness. Patients can remove all of them if they wish to try to conceive before the device expires or if they no longer wish to use the device due to adverse effects. A variety of factors must be discussed between the patient and healthcare provider before an IUD is chosen . Competitive Landscap e The leading players in the United States IUD market are Bayer AG, Cooper Companies (CooperSurgical Inc), and AbbVie. Bayer is the market leader in the area of Hormonal IUD . The prominent market players in the Unite d States IUDs marke t compete based on price and product quality. Given that capital expenditure needed to set up a business is not prohibitive, small and medium market players are expected to demonstrate considerable improvement in the near future. Neverth eless, large companies will likely aim for global expansion to gain a more significant brand reputation . Recent Development s  In 2020, the New England Journal of Medicine published a research stating that Skyla is the newest arrival in the hormonal IUD mark et. It is a smaller & lower - dose version of the other hormonal IUD better known as Mirena IUD. Mirena IUD was restricted to those women who had already conceived. However, there is no such restriction in the Skyla IUD .  In 2020, Bayer partnered with Dire ct Relief and launched the "We're for Her" initiative. The primary purpose of this initiative was to make sure that women from deprived communities in the U.S. get access to effective contraception . United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 Scope of the Repor t Attribut e Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Millio n Product/Service Segmentatio n By Type and By Applicatio n Key Player s The key players in the region are Bayer AG, Cooper Companies (CooperSurgical Inc), AbbVie, and other prominent players . By Typ e  Hormonal Intrauterine Devic e  Copper Intrauterine Devic e By Applicatio n  Hospital s  Gynaecology Center s  Community Healthcare Center s  Other s United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service m arkets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more inform ation, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027 United States IUD Market Gaining Momentum — Projected to Grow at a CAGR of 4.9% by 2027