Intrauterine Devices Market Size, Share, Growth Analysis, By Type(Nonhormonal, copper-containing IUDs and hormonal, progestogen-releasing IUDs), By Age(15–24 years, 25–34 years, 35–44 years, and above 44 years), By End-user(Hospitals, community health centers, clinics, and others), By Region - Industry Forecast 2024-2031

Intrauterine Devices Market size was valued at USD 3.0 billion in 2021 and is poised to grow from USD 3.12 billion in 2022 to USD 4.20 billion by 2030, at a CAGR of 3.8% during the forecast period (2023-2030).

Several factors drive the growth of the intrauterine devices market. These include an increase in the number of unplanned and unintended pregnancies, a rise in unsafe abortions, and growing awareness regarding the use of these devices.

The demand for intrauterine devices is also on the rise, supported by initiatives from governments and key players in the research and development sector to develop advanced devices. Additionally, the increase in unintended pregnancies and supportive government initiatives contribute to market growth. The trend of planned delayed pregnancy in the U.S. further fuels this growth, with the U.S. government adopting strategies to promote access to sexual and reproductive health services and products.

However, there are challenges hindering the growth of the intrauterine device market. These include a lack of awareness about the use of IUDs and potential side effects such as bleeding, pain, and discomfort. Many women have their IUDs removed before the recommended replacement time due to these side effects. Other common side effects after IUD placement include cramps, irregular periods, spotting between periods, and heavier periods with stronger cramping. These factors impede market growth.

Nevertheless, the rising disposable income and demand for a healthy lifestyle in emerging economies present opportunities for key market players. Favorable regulatory scenarios, technological advancements, and government initiatives also contribute to the market's potential for growth. Ongoing advancements and innovations aimed at enhancing the patient experience are expected to further propel market growth.

US Intrauterine Devices Market is poised to grow at a sustainable CAGR for the next forecast year.