Intrauterine Devices Market 2021: Growth Factors, Key Countries Analysis by Leading Players with Forecast to 2027
Overview:
The intrauterine device is defined as the instrument inserted into the uterus (womb) to prevent conception (pregnancy). The intrauterine device can be a coil, loop, triangle, or T in shape made of plastic or metal. Also, the copper-coated IUD helps in the prevention of the pregnancy by not allowing the sperm to fertilize the egg.
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It can make it harder for a fertilized egg to implant in the uterus. IUDs have one of the lowest failure rates of any contraceptive method which makes them the best way to prevent pregnancy. IUD is known as a safe and effective contraception method. Currently, a serious complication from IUDs is very rare, although IUD users may be at increased risk of developing the pelvic inflammatory disease.
Segmentation:
Based on the type, the Intrauterine Devices market is segmented into Hormonal Intrauterine Device, Copper Intrauterine Device. The Hormonal intrauterine device segment followed by Copper Intrauterine Device is likely to dominate the Intrauterine Devices market. The hormonal intrauterine device is a T-shaped plastic frame that's inserted into the uterus, where it releases a type of the hormone progestin. It can provide long-term birth control (contraception). The thickens mucus in the cervix to stop sperm from reaching or fertilizing an egg, also thins the lining of the uterus, and partially suppresses ovulation.
Regional Analysis:
North America region is likely to dominate in the Intrauterine Devices market, followed by Asia pacific, and others. The developing countries like US and Canada have major opportunities for industrial production, retail sales, and fixed-asset investment for the IUDs. Several other economies such as Indonesia, Philippines, and Singapore in the Asia pacific region are also forecast to grow at modest rates. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity.
Key Players:
The Intrauterine Devices (IUDs) market is fragmented owing to the presence of number of companies that provides varied IUDs products. However, the companies that hold the majority share of Intrauterine Devices (IUDs) market are Allergan PLC, Bayer AG, CooperSurgical Inc., DKT International, Egemen International, Mona Lisa NV, Pregna International Limited, Prosan International BV, and SMB Corporation of India. OCON Medical, Pregna, SMB Corporation, HLL Lifecare, HRA Pharma, Besins HealthCare and others prominent players.
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