U.S. Long-acting Contraception Industry Overview
The U.S. long-acting contraception market size was valued at around USD 1.7 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of around 4.69% over the forecast period.
The rising adoption of Intrauterine Devices (IUDs) owing to high effectiveness and increasing awareness about sexual health are expected to boost the use of various birth control methods. In recent years, the demand and usage of Long-Acting Reversible Contraception (LARC) have increased in the U.S. The use of LARCs was higher among women aged 30 to 39 years (12.7%) and 20 to 29 years (13.7%), as compared to women aged 40 to 49 years (6.6%) and 15 to 19 years (5.8%) during 2017 to 2019, as per the National Center for Health Statistics. Thus, higher adoption among middle-aged women is propelling the market growth.
Gather more insights about the market drivers, restrains and growth of the U.S. Long-acting Contraception Market
LARCs do not require ongoing effort from the patient, compared to short-term reversible contraceptive methods. Users are not required to remember to take pills daily, thus, removing the possibility of related errors. Furthermore, IUDs are not repetitive and can last for 3 to 5 years. IUDs are nearly 20 times more effective than oral pills, patches, and vaginal rings. These advantages over other modern and traditional contraceptive methods are the primary factors driving the adoption of LARC.
The American College of Obstetrics and Gynecologists regards LARCs, such as IUDs, as the gold standard in birth control. IUDs are one of the most effective birth control methods with over 99% effectiveness. According to Kaiser Family Foundation, IUD utilization among women aged 15 to 44 years, who have used contraceptives within the previous 30 days, increased from 12% in 2013-2015 to 14% in 2015-2017. This was primarily due to high effectiveness and ease of use.
Presently available LARCs are safe and long-lasting. They have high patient acceptability, fewer contraindications for use, and are recommended, in certain cases, due to their improved bleeding control. As the understanding and awareness about products, such as ParaGard Kyleena, is growing among the U.S. population, their demand popularity are witnessing substantial growth.
Browse through Grand View Research's Medical Devices Industry Research Reports.
- Hormonal Contraceptive Market - The global hormonal contraceptive market size was valued at USD 16.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.29% over the forecast period. Increasing awareness in emerging economies regarding hormonal contraception methods, growing investments by the major players for the RD of novel contraceptive devices, and supportive initiatives by various governments to increase access to contraceptive products are the factors propelling the industry’s growth.
- Contraceptives Market - The global contraceptives market is estimated to grow at a lucrative rate over the forecast period owing to, increasing the prevalence of sexually transmitted diseases and growing need for population control. Implementation of initiatives aimed at curbing unwanted pregnancies associated healthcare expenditure and the subsequent growth in user awareness levels are expected to drive the contraceptives industry over the forecast period.
U.S. Long-acting Contraception Market Segmentation
Grand View Research has segmented the U.S. long-acting contraception market on the basis of product:
U.S. Long-acting Contraception Product Outlook (Revenue, USD Million, 2016 - 2028)
- Intrauterine Devices (IUD)
- Hormonal IUD
- Nonhormonal IUD
- Subdermal Implants
- Injectable
Market Share Insights
- August 2021: The U.S. FDA approved a supplemental new drug application (sNDA) by Bayer AG, extending its IUD Mirena’s duration of use by 1 year, making the device available for use as contraception for up to 7 years.
- October 2019: Allergan received the U.S. FDA approval for extending the use of Medicines360’s Supplemental NDA—LILETTA—for up to 6 years.
Key Companies profiled:
Some prominent players in the U.S. long-acting contraception market include
- Merck Co., Inc.
- Pfizer Inc.
- The Cooper Companies Inc.
- Allergan (AbbVie Inc.)
- Bayer AG
Order a free sample PDF of the U.S. Long-acting Contraception Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
