Intrauterine Devices Market Size

Intrauterine Devices Market Size

Intrauterine Devices Market size was valued at around USD 4.3 billion in 2023 and is expected to reach over USD 10.1 billion by 2032 at a CAGR of 10.3% from 2024 to 2032. The significantly high number of unintended pregnancies, favorable government initiatives and growing awareness are among the key factors driving the growth of the market.

Several factors contribute to these unintended pregnancies including social, economic, educational, and healthcare system issue. As per the United Nations Population Fund, nearly half of all pregnancies, totaling 121 million each year throughout the world, are unintended. IUDs are one of the most effective forms of reversible contraception available. They have a very low failure rate, with less than 1% chance of pregnancy per year of use for both hormonal and copper IUDs. This reliability makes them highly attractive to individuals seeking reliable birth control to avoid unintended pregnancies. These factors underscore the complex interplay of social, economic, educational, and healthcare system issues that contribute to the high rates of unintended pregnancies, and ultimately increases the intrauterine devices demand in the market.
 

Intrauterine devices (IUDs) are small, T-shaped contraceptive devices inserted into the uterus to prevent pregnancy. These devices are made of flexible plastic and are designed to be a long-term, reversible form of birth control.