U.S. intrauterine devices market size is projected to record a valuation of over USD 2.3 billion by 2027.As the career opportunities are growing, a greater number of women are preferring well-planned and delayed pregnancy, which has fueled the adoption of intrauterine devices in the country thereby providing positive growth prospects to the global market.
Considering the adoption across various age groups, women falling under a range of 25-29 are likely to make immense use of these devices, allowing the segment to observe a substantial CAGR of 10.1% through 2027. As majority of young women in the age group of 25-29 years do not prefer going into motherhood early in their life due to higher inclination towards career opportunities, demand for intrauterine devices in this segment is relatively higher. Besides, the Centers for Disease Control and Prevention statistics has also depicted that women in the age group of 25 to 34 years majorly use intrauterine devices.
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Copper intrauterine devices do not use hormones and instead the copper material in the IUD damages the sperm in order to prevent the egg fertilization while also creating an immune response which prevents the development of healthy eggs. As a result, this IUD is highly preferred in case of emergency contraception. Moreover, copper IUDs do not cause weight gain and acne, and do not affect endocrine system of the body. Taking these factors into consideration, copper intrauterine devices segment is projected to witness a notable growth over the following years.
Besides the above-mentioned segments and their significance for the business growth, several effective business strategies and inclination towards development of new products by major industry players operating in the U.S. intrauterine devices market such as CooperSurgical Inc and Bayer AG is also contributing to its growth.
In terms of regional outlook, intrauterine devices market across South Atlantic zone of the U.S. is estimated to observe an appreciable growth over the following years. For the records, the region had secured a sizeable market share of 20% in 2020. This is majorly due to high number of pregnancies in the region. Significant number of unintended pregnancies across major states including Florida, Georgia and North Carolina is expected to foster the demand for intrauterine devices among the women. It is evident from a published report that nearly 80% of pregnancies are unintended in teenage population across North Carolina.
Prominent industry players operating in the U.S. intrauterine devices market such as CooperSurgical Inc., Allergan and Bayer AG are inclined on implementing effective business strategies, new product development, obtaining regulatory approvals for products, etc., to gain a strong market presence. For instance, in 2017, CooperSurgical Inc. signed a definitive agreement deal with Teva Pharmaceutical for acquiring the product named PARAGARD within the portfolio of women health. Apparently, this strategic move allowed the company to expand its product portfolio and its footprint.
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Partial Chapter of the Table of Content
Chapter 4 U.S. Intrauterine Devices Market, By Product
4.1 Key segment trends
4.2 Copper IUD
4.2.1 Market size, by region, 2016 – 2027 (USD Million)
4.3 Hormonal IUD
220.127.116.11 Market size, by region, 2016– 2027 (USD Million)
Chapter 5 U.S. Intrauterine Devices Market, By Age Group
5.1 Key segment trends
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.3.1 Market size, by region, 2016 – 2027 (USD Million)
5.4.1 Market size, by region, 2016 – 2027 (USD Million)
5.5.1 U.S. Intrauterine Devices Market size, by region, 2016 – 2027 (USD Million)
5.6.1 Market size, by region, 2016 – 2027 (USD Million)
5.7.1 Market size, by region, 2016 – 2027 (USD Million)
5.8.1 U.S. Intrauterine Devices Market size, by region, 2016 – 2027 (USD Million)
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