According to FutureWise analysis the market for Female Sterilization Devices in 2023 is US$ 3.49 billion, and is expected to reach US$ 5.04 billion by 2031 at a CAGR of 4.72%.
Female sterilisation, along with contraceptive tablets, IUDs, and condoms, is one of the most extensively used modern contraceptive procedures around the world. It is a permanent contraceptive procedure that has aided in population control, particularly in developing countries like China and India. Although sterilisation is available to any woman, it is most commonly chosen by women over 35 who do not intend to have children in the future. Female sterilisation devices are predicted to grow in popularity as the world's population ages and people become more aware of family planning options. Furthermore, as the popularity of minimally invasive and less invasive treatments grows, the traditional or surgical form of sterilisation will gradually go away, acting as a market driver for female sterilisation devices. Although female sterilisation is considered to be one of the safest types of contraception, complications such as ectopic pregnancies, internal bleeding, pelvic pain, device displacement, and a scarcity of educated and experienced practitioners might stymie the market's growth. Tubal rings, tubal clips, and micro-inserts are the top female sterilisation technologies reviewed in this analysis. Female sterilisation can be accomplished by a variety of techniques, including minilaparotomy, laparoscopy, and hysteroscopy. It can also be divided into two categories based on the procedure: minimally invasive and less invasive. Tubal rings and tubal clips are examples of minimally invasive surgeries.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Female Sterilization Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Female Sterilization Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.