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Classified in: Health, Covid-19 virus
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Sexual Wellness Market size is set to grow by USD 42.02 billion from 2021 to 2026; the increasing number of sexual wellness initiatives and crowdfunding campaigns to drive the market - Technavio


NEW YORK, July 17, 2023 /PRNewswire/ -- The sexual wellness market size is estimated to grow by USD 42.02 billion from 2022 to 2027 at a CAGR of 10.97% according to Technavio.

Sexual wellness Market Insights -

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Sexual wellness market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines ?

Global Sexual wellness market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including Adam and Eve Stores, Bad Dragon Enterprises Inc., Bijoux Indiscrets SL, BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, Good Clean Love Inc., Hot Octopuss Ltd., Karex Berhad, KESSEL medintim GmbH, LELOi AB, Lovehoney Group Ltd., Luvu Brands Inc., Mayer Laboratories Inc., Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, TENGA Co. Ltd., The Aneros Co., and Veru Inc.

Sexual Wellness Market ? Market Dynamics

Key Sexual Wellness Market Driver

The increasing number of sexual wellness initiatives and crowdfunding campaigns is one of the major factors driving the market growth. Initiatives are being implemented to promote awareness and emphasize the significance of sexual health. These efforts involve the use of sexual wellness products like erotic lingerie, condoms and contraceptives, and sex toys. Sexual health encompasses the prevention of diseases and the transmission of infections. Some vendors specializing in female sex toys are leveraging crowdfunding campaigns to introduce new iterations of their products. Additionally, Healthy Native Youth launched a sexual health program called Talking in Power in 2021, aimed at American Indian and Alaska Native (AI/AN) youth, which facilitates open conversations about sexual health between parents and youth. These initiatives, along with crowdfunding campaigns, have the potential to encourage the usage of sex toys and contribute to increased sales, thereby driving the growth of the global sexual wellness market.

Key Sexual Wellness Market Trend

The growing LGBT population is an emerging trend shaping market growth. In North America, the segment representing the LGBT community holds significant importance within the sexual wellness market, serving as the primary end-users for various products available in the market. These individuals are increasingly embracing sexual wellness products, including enhancement supplements, dildos, and lubricants, to enhance their sexual experiences. The convenience of purchasing these products through e-commerce websites plays a crucial role in their growing adoption. Furthermore, vendors are actively providing information and guidance through online forums and blogs, enabling the community to explore and purchase the desired products, consequently driving the demand. Additionally, vendors are offering services through online communities, facilitating users to share experiences, seek advice, and obtain support from peers as well as professionals such as sexologists, doctors, and therapists. Such factors are expected to drive market growth during the forecast period.

Key Sexual Wellness Market Challenge

The increase in side effects will be a major challenge hindering market growth. Consumers have growing concerns about the potential side effects associated with sexual wellness products. The materials and ingredients used, such as rubber, plastic, latex, and nitrile, undergo scrutiny as they come into direct contact with sensitive and intimate areas of the skin. For instance, sex toys manufactured with phthalates can cause side effects like numbness and irritation. Lubricants may contain chemical components that increase the risk of sexually transmitted diseases (STDs). The lack of stringent regulations governing sex toy manufacturing allows some manufacturers to overlook potential health implications. Additionally, manufacturers often label harmful materials as "For Novelty Use Only" to obtain easier approvals. As a result, consumers are questioning the safety of these products, leading to a negative perception and inhibition towards sexual wellness products, which can significantly impact their sales. This market analysis report provides comprehensive insights into upcoming trends and challenges that will have a significant impact on the market's growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

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Related Reports: 

The sexual wellness market in US is projected to increase by USD 6,472.19 million and the market size is estimated to grow at a CAGR of 8.3% between 2022 and 2027. This sexual wellness market in US report extensively covers market segmentation by Distribution Channel (offline and online), Product (sex toyscondoms, erotic lingerie, personal lubricants, and others), and End-user (men, women, and LGBT community). It also includes an in-depth analysis of drivers, trends, and challenges. 

The sexual enhancement supplements market size is estimated to grow at a CAGR of 10.58% between 2022 and 2027. The market size is forecast to increase by USD 835.06 million. This report extensively covers market segmentation by distribution channel (offline and online), product (male and female), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). One of the key factors driving growth in the sexual enhancement supplements market is the availability of supplements in multiple dosage forms. 

Sexual Wellness Market Scope

Report Coverage

Details

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.97%

Market Growth 2022-2026

USD 42.02 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.15

Regional analysis

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

Performing market contribution

APAC at 35%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

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

Key companies profiled

Adam and Eve Stores, Bad Dragon Enterprises Inc., Bijoux Indiscrets SL, BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, Good Clean Love Inc., Hot Octopuss Ltd., Karex Berhad, KESSEL medintim GmbH, LELOi AB, Lovehoney Group Ltd., Luvu Brands Inc., Mayer Laboratories Inc., Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, TENGA Co. Ltd., The Aneros Co., and Veru Inc.

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 the 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 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 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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