(PharmaNewsWire.Com, May 16, 2018 ) The Latin America Intrauterine devices (IUD’S) Market was worth $ 238 million in 2016 and estimated to reach $ 301 million by the end of 2021 with a growing potential of 4.8 %.
Intrauterine devices (IUDs) are contraceptive medical implants used to avert pregnancies for a long time period. The intrauterine contraceptive device is a safe, effective and convenient contraceptive method. Their use in less developed countries has been controlled due to increase in menstrual blood loss, a vital issue in populations with a high prevalence of anaemia. The levonorgestrel releasing IUD (LNg IUD) which is the first device that is highly effective, long-lasting and reduces the blood loss during menstruation. So, this device is accepted, most used in Latin America. This device will have a clear niche amid reversible contraceptives when available.
Technical innovations, increasing prevalence of STD’S (Sexually transmitted diseases), direct health benefits other than birth control, increasing government initiatives to prevent unwanted abortions and pregnancies are driving the growth of the market in Latin America. The factors that are hampering the growth of the market are issues of Infertility, Religious and cultural opposition, ectopic pregnancy, pelvic inflammatory infection, and Limited access to contraception.
The Latin America intrauterine Devices market is broadly categorized based on product type into Hormonal intrauterine device and Copper intrauterine device. The largest share in the market is held by Hormonal IUD’S compared to Copper IUD’S due to their less risks and complications.
Key players influencing the Latin America intrauterine devices market are Agile Therapeutics, Actavis PLC, ANI Pharmaceuticals, Inc, Bayer AG, Teva Pharmaceutical, Pfizer, Mylan laboratories, Besins HealthCare, Brecuro Medical, Effik International, Eurogine, HLL Lifecare, HRA Pharma, Lupin Pharmaceuticals, Ltd, Okamato Industries, Inc.
The scope of the report provides: • The evaluation of the current market for your product or services and the future implications of the market • Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future • Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment • Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share • The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces • The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors • Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments • Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence • Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skill set dedicatedly serve clients from various industries and regions.
Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail:abhishek@marketdataforecast.com
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
