Le Lézard
Classified in: Health, Covid-19 virus
Subjects: MAT, MRR

Condom Market to grow by USD 5,117.84 million from 2022 to 2027|High growth of e-commerce platforms to boosts the market - Technavio


NEW YORK, July 5, 2023 /PRNewswire/ -- The global condom market size is estimated to grow by USD 5,117.84 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.68% during the forecast period. APAC is estimated to account for 42% of the global market growth. The sales of premium condoms are increasing in countries such as India owing to the penetration of global brands. Moreover, the changing perception of sexual wellness products has led to an increase in the acceptance of condoms in various other countries. Advantages associated with online platforms, such as ease of purchase and the availability of several payment options, are also driving the growth of the market in the region. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

Condom Market - Segmentation Assessment
Segment Overview
This condom market report extensively covers market segmentation by distribution channel (offline and online), material (latex and non-latex), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Condom Market ? Market Dynamics
Key factor driving market growth
The market is driven by factors such as the increasing penetration of e-commerce platforms. Online channels increase the visibility of vendors' product portfolios. Increased Internet connectivity, growing adoption of mobile Internet devices, and rising consumer awareness have contributed to the growth of the global market through the online channel. The growing popularity of online shopping, consumer trust in online sales, and fast-shipping services have led to the growth of condom sales through online platforms. Therefore, the availability of a wide range of condoms through online channels is expected to drive the growth of the market.

Leading trends influencing the market 

Product premiumization due to product innovation and portfolio extension is a key trend shaping the market. Growing demand for condoms from both male and female consumers and increasing competition in the market have prompted suppliers to actively improve their research and development activities. Vendors are regularly updating their product ranges and expanding their product lines to meet customer needs. High spending on advertisements by vendors is driving the growth of the market, specifically in the premium segment.

Major challenges hindering the market growth

The side effects of using condoms are hindering market growth. The use of condoms can lead to health issues such as genital allergic reactions and STIs. Moreover, the presence of toxic chemicals, due to the addition of flavors and lubricants to condoms, may lead to skin infections in genital areas. Latex condoms can result in allergies to the genitals, such as rashes and hives. It can also lead to a tightening of the airways and loss of blood pressure in severe cases. Such factors will hamper the growth of the market.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

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The Female Contraceptive Market is estimated to grow at a CAGR of 5.32% between 2022 and 2027. The size of the market is forecast to increase by USD 5,142.22 million. This report extensively covers market segmentation by distribution channel (offline and online), product (female contraceptive devices and female contraceptive drugs), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The increasing adoption of innovative marketing strategies is notably driving the market growth.

Condom Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.68%

Market growth 2023-2027

USD 5,117.84 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.83

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, India, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adloran GmbH, B Holding Group LLC, Caution Wear Corp., Church and Dwight Co. Inc., Fuji Latex Co. Ltd., Global Protection Corp., Grove Collaborative Inc., HLL Lifecare Ltd., Humanwell Pharmaceutical Group Co. Ltd., LELOi AB, Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, Redcliffe Hygiene Pvt Ltd., StaySafe Condoms, Thai Nippon Rubber Industry Co. Ltd., Cupid Ltd., Karex Berhad, LifeStyles Healthcare Pte. Ltd., and Ansell Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Material

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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