Market Study Report LLC presents latest report on U.S. Intrauterine Devices Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.
Selbyville, DE -- (SBWIRE) -- 05/09/2019 -- Increase in number of women in U.S. opting for planned delayed pregnancy will result in high intrauterine device usage, fueling the IUD market growth. According to the Pew Research Center, the mothers in the U.S. are estimated to be older than 35 years of age. Number of women delay marriage and pregnancy to seek higher education and establish their careers. Also, recent technological advancements in fertility technology prompts women to use reversible contraceptive methods such as intrauterine device, impacting the business growth.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1251695/?utm_source=releasewire.com-SP
U.S. Intrauterine Device Market will exceed USD 2.0 billion by 2024; as per a new research report. The number of unintended pregnancies in United States is high but is falling gradually since the last few years. The main reason for the decline in number of unintended pregnancies is considerate rise in number of women opting for long-acting contraceptive methods such as intrauterine devices. This rise will ultimately result in increasing demand and adoption rate of intrauterine device augmenting the industry growth.
East North Central zone accounted for USD 177.2 million sales of intrauterine device in the year 2017. High teenage pregnancies in the region will favor the adoption of IUD among the women aged 15 to 19 years of age. As per the reports published by Centers for Disease Control and Prevention (CDC), the teen birth rate in Iowa state in 2014 was around 20 per 1000 women. Also, activities such as Medicaid Family Planning Waiver/State Plan Amendment in the region will foster the growth of intrauterine device market.
Variability in insurance coverage and access will be one of the major market restraining factors. The women with no insurance coverage or with private insurance face high upfront costs that can exceed up to more than thousand dollars. Hence, variability in insurance coverage will decline the number of users impeding the market growth.
Hormonal intrauterine device are estimated to show substantial growth at a CAGR of 8.2% over the forecast timeframe. Hormonal IUDs provide effective protection against unwanted pregnancy and pose very less risk to the user. The increase in inclination of women in the country towards hormonal contraception will boost the U.S. intrauterine device market growth over the future.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1251695/?utm_source=releasewire.com-SP
Women IUD users in the age group 20 to 24 accounted for USD 209.7 million revenue in the year 2017. High number of teenage pregnancies among the women aged 20 to 24 along with rise in awareness regarding safe and effective contraceptive methods by the medical professionals will increase the product adoption rate thereby, augmenting the intrauterine device market growth in the country.
Sales of intrauterine device in Pacific Central zone is estimated to grow at a CAGR of 7.6% during the foreseeable future. Honolulu Health Center in Hawaii offers education on birth control and usage of contraceptive methods to the teenage girls in order to prevent teenage pregnancies. The rise in awareness will increase the number of women opting for effective reversible contraceptive such as intrauterine devices.
The notable industry players are Bayer AG and Teva Pharmaceutical. Industry players are focusing on strengthening their research and development activities by launching technologically improved and enhanced intrauterine device along with adopting strategies such as partnership, strategic collaboration, acquisition and merger to enhance their business.
Table of Content:
Chapter 2. Executive Summary
2.1. U.S. Intrauterine Devices industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Age Group trends
2.1.4. Regional trends
Chapter 3. U.S. Intrauterine Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Favorable regulatory scenario
3.3.1.2. Rising awareness among U.S. women regarding various IUD applications
3.3.1.3. High number of unintended pregnancies
3.3.1.4. Government initiatives for the prevention of unwanted abortions and pregnancies
3.3.1.5. Growing inclination towards planned delayed pregnancy
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost of device
3.3.2.2. Risk of several health issues
3.3.2.3. Variability in insurance coverage and access
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By age group
3.5. Porter's analysis
3.6. Competitive landscape, 2017
3.6.1. Business overview
3.6.2. Revenue analysis
3.6.3. Product landscape
3.6.4. Strategy dashboard
3.7. PESTEL analysis
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
For more information on this report at: https://www.marketstudyreport.com/reports/u-s-intrauterine-devices-market/?utm_source=releasewire.com-SP
Related Report:
Global Intrauterine Devices Market Research Report 2018
This report studies the global Intrauterine Devices market status and forecast, categorizes the global Intrauterine Devices market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
https://www.marketstudyreport.com/reports/global-intrauterine-devices-market-research-report-2018/?utm_source=RR-SP
About Market Study Report
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog