Intrauterine Contraceptive Rings Market: Introduction

  • Intrauterine contraceptive rings are soft plastic rings that contain estrogen and progesterone. These rings are inserted into the vagina on the first day of menstrual cycle and stay in place for three weeks in a row and is then removed during the period. A new ring is inserted on the first day of next menstrual cycle.
  • Intrauterine contraceptive rings are 99% effective in preventing pregnancy if used correctly. Incorrect use of these rings could lead to 93% effectiveness.

Key Drivers and Opportunities in Global Intrauterine Contraceptive Rings Market

  • Focus on research & development by key players is anticipated to boost the growth of the global intrauterine contraceptive rings market. In August 2018, the U.S. Food and Drug Administration approved Annovera, a combined hormonal contraceptive for women to prevent pregnancy. This approval enabled stakeholders to build on available birth control options.
  • Rise in rate of unplanned pregnancies also augments the global market. An article published in Beyene Contraception and Reproductive Medicine indicated that an estimated 99.1 million unintended pregnancies are reported globally each year, of these 8.85 million were in Eastern Africa and 21.6 million in Africa.

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  • Increase in need of population control is  expected to fuel the growth of the global intrauterine contraceptive rings market
  • Some states recently have launched initiatives to reduce unintended pregnancy by improving access to contraceptives. For instance, Upstream USA collaborated with The Washington Department of Health to provide technical assistance and training to the state’s health care providers.
  • The Governor of Virginia announced that the state would use funds from its TANF block grant to award US$ 6 Mn to select health care providers to make LARCs available to women whose incomes are below 250% of the federal poverty level for those who choose them
  • Rise in adoption of contraceptive rings owing to effectiveness and safety boosts the growth of the global market
  • However, less availability of products in terms of geographical reach are the factors likely hamper the growth of the global intrauterine contraceptive rings market
  • Emerging markets in Asia Pacific, Latin America, and Middle East & Africa present lucrative opportunities in the intrauterine contraceptive rings market owing to government investments in developing countries toward modernization of health care infrastructure, which is likely to increase access to health care. This is expected to drive demand for advanced technologies.

North America to Capture Major Share of Global Intrauterine Contraceptive Rings Market

  • North America is expected to account for major share of the global intrauterine contraceptive rings market due to early adoption of advanced therapies
  • The market in Asia Pacific is likely to grow at a rapid pace during the forecast period owing government initiatives for population control in countries such as China and India. Moreover, rise in awareness about contraceptives and surge in number of unplanned pregnancies are anticipated to drive the intrauterine contraceptive rings market in the region.

Key Players Operating in Global Intrauterine Contraceptive Rings Market

The global intrauterine contraceptive rings market is highly saturated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Demand for intrauterine contraceptive rings has increased in emerging as well as developed markets owing to increase in rate of unplanned pregnancies. Growth strategies adopted by the leading players are likely to drive the global market. For instance, in September 2015, Ferring Pharmaceuticals acquired the global rights to MILPROSA (progesterone vaginal ring) from Teva Women’s Health, Inc.

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Major players operating in the global intrauterine contraceptive rings market are:

  • Merck & Co., Inc. (Merck Sharp & Dohme B.V.)
  • Pfizer, Inc.
  • Allergan
  • TherapeuticsMD, Inc.
  • Daré Bioscience
  • Others

Global Intrauterine Contraceptive Rings Market: Research Scope

Global Intrauterine Contraceptive Rings Market, by Type

  • With Hormone
  • Without Hormone

Global Intrauterine Contraceptive Rings Market, by End-user

  • Hospitals
  • Gynecology Clinics
  • Others

Global Intrauterine Contraceptive Rings Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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