The Intrauterine Contraceptive Device Market is estimated to grow on a diligent note in the forecast period. Today, social proof could be equated with digital currency. In other words, people go for digital reviews, signals, and testimonials before deciding on the doctor/hospital. This social proof works better with telehealth, and also goes beyond region-wise obstacles. This would all be about the healthcare vertical going forward.
The Intrauterine Contraceptive Device Market is all set to be in the driver’s seat shortly. Technology adoption once looked upon as a costly endeavor, is slated to witness a drastic transformation in the form of granular applications. Technologies like DevOps and AIOps are constructively disrupting the healthcare IT sector and are expected to create wonders in this regard in the upcoming period.
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The hormonal intrauterine contraceptive device consists of progestogen. Progestogen is a synthetic form of natural hormone known as progesterone. The copper intrauterine contracaeptive device consists of a small plastic device with copper wire and nylon string attached to the end.
These devices have many advantages; for instance, they are easy to use, are removable, they inhibit pregnancy, and are cost-effective as well. However, some women feel pain and may faint at the time of removal of the device. Some of the common risks associated with intrauterine contraceptive devices include infections, severe cramping, damage to the uterus, unusual bleeding during periods, and chances of pregnancy. Besides, sometimes, this device may come out by itself.
Currently, Asia dominates the global intrauterine contraceptive device market, followed by Europe. This is due to the rising prevalence of unplanned pregnancy and increasing usage of intrauterine contraceptive devices in these regions. In addition, rising health care infrastructure and increasing government initiatives for better health care in Asian countries are also driving the growth of the market.
In addition, technological advancements in intrauterine contraceptive devices in North America, especially in the U.S., are also influencing the growth of the intrauterine contraceptive device market in the region. However, stringent regulations and reimbursement policies in the U.S., hamper the growth of the market.
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Increasing prevalence of unplanned pregnancies, less side-effects associated with intrauterine contraceptive devices, and implementation of affordable care are some of the key factors driving the growth of the global intrauterine contraceptive device market.
In addition, increasing awareness about pregnancy is also driving the growth of the global intrauterine contraceptive device market. However, high cost of treatment, threat of pelvic inflammatory infections, and high risks associated with unplanned pregnancy are restraining the growth of the global intrauterine contraceptive device market. Moreover, need for compulsory assistance of medical professionals is also impeding the growth of the market.
Technological advancements in intrauterine contraceptive devices are expected to create new opportunities for new players in the global intrauterine contraceptive device market in the years to come. In addition, emerging markets, such as India and China, could also create new opportunities for new entrants in the market.
Maintaining the quality of the copper and hormonal intrauterine devices could pose a challenge for the growth of the global intrauterine contraceptive device market. Increasing number of mergers and acquisitions and rising number of product innovations are some of the recent trends witnessed in the global intrauterine contraceptive device market.
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Key segments covered in this report are:
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Top companies profiled in this report are:
- Bayer HealthCare AG
- Medisafe Distribution Inc
- Teva Pharmaceutical Industries Limited
- Medicines360
- Pace Pharmaceuticals Inc.
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