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U.S. Intrauterine Devices Market 2020 By Regional Trend & Growth Forecast To 2024

Author : Ronak Bora | Published Date : 2020-09-22 

U.S. Intrauterine Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The number of unintended pregnancies in the U.S. is still pretty high but has been falling gradually over the past few years. These trends can be associated with a notable uptick in the adoption of long-term contraceptive solutions such as intrauterine devices (IUDs) among women. Recent studies have also shown that in addition to providing contraception, IUDs that release progestins can help alleviate heavy menstrual bleeding, cramping, and discomfort among adult women.

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Bayer AG and Teva Pharmaceutical are among the two major IUD manufacturers in the U.S. In August 2020, Bayer had launched the We’re for Her initiative in association with the humanitarian organization Direct Relief to advance its more than 50-year commitment to women’s healthcare. The initiative aims to provide women across the country easy access to contraceptives, enabling them to make powerful decisions about their families and their futures.

Reports estimate that U.S. intrauterine device market size will exceed an annual valuation of US$2 billion by 2024.

Intrauterine devices can be broadly classified into hormonal IUDs and copper IUDs. Hormonal intrauterine device market size is projected to witness a CAGR of 8.2% through 2024. These contraceptive devices are widely preferred among women as they provide effective protection against unwanted pregnancies and are safer to use compared to other alternatives. The growing inclination of American women towards hormonal contraception will bolster U.S. intrauterine device industry outlook.

In terms of the age group, the industry share from 20-24 years consumers was estimated to be worth more than US$209.7 million in 2017. With a considerable rise in the number of unintended pregnancies among young women, the adoption of long-term contraceptive solutions such as intrauterine devices is also increasing. In addition, numerous healthcare and welfare institutions have undertaken initiatives to create awareness regarding the importance, safety, and effectiveness of different contraceptive methods among young women.

The East North Central zone accounted for IUD sales worth US$177.2 million during 2017. The regional demand IUD can be linked with an increasing number of teenage pregnancies in recent years. The teenage birth rate in the state of Iowa was nearly 20 per 1000 women in 2014, as per the Centers for Disease Control and Prevention (CDC). Several efforts made respective governments such as the Medicaid Family Planning Waiver/State Plan Amendment will complement the regional outlook.

The demand for intrauterine devices across the Pacific Central zone is projected to grow at a CAGR of 7.6% through 2024. Numerous healthcare organizations are making efforts to raise awareness regarding the use of effective reversible contraceptives such as intrauterine devices among young women. For instance, the Honolulu Health Center in Hawaii provides education on the importance of birth control and use of contraceptives to teenage girls to reduce the number of teenage pregnancies. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/us-intrauterine-devices-market

Partial Chapter of the Table of Content 

Chapter 4.  U.S. Intrauterine Devices Market, By Product

4.1. U.S. Intrauterine Devices Market share, by product, 2017 & 2024

4.2. Copper Intrauterine Devices

4.2.1.  Market estimates and forecast, by region, 2013 - 2024

4.3. Hormonal Intrauterine Devices

4.3.1. Market estimates and forecast, by region, 2013 - 2024

Chapter 5.  U.S. Intrauterine Devices Market, By Age Group

5.1. U.S. Intrauterine Devices Market share, by age group, 2017 & 2024

5.2. 15-19

5.2.1.  Market estimates and forecast, by region, 2013 - 2024

5.3. 20-24

5.3.1.  Market estimates and forecast, by region, 2013 - 2024

5.4. 25-29

5.4.1.  Market estimates and forecast, by region, 2013 - 2024

5.5. 30-34

5.5.1.  Market estimates and forecast, by region, 2013 – 2024

5.6. 35-39

5.6.1.  Market estimates and forecast, by region, 2013 - 2024

5.7. 40-44

5.7.1.  Market estimates and forecast, by region, 2013 - 2024

5.8. 45+

5.8.1.  Market estimates and forecast, by region, 2013 - 2024

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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