Condom Market Increasing Prevalence of STDs to Boost the …

The global condom market size is poised to grow by USD 3.44 billion during 2020-2024, progressing at a CAGR of over 8% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005272/en/

Technavio has announced its latest market research report titled Global Condom Market 2020-2024 (Graphic: Buiness Wire)

The prevalence of sexually transmitted diseases such as syphilis, gonorrhea, chlamydia, hepatitis B, genital herpes, and HIV/AIDS is increasing. These diseases are caused by the transmission of different types of bacteria, viruses, and parasites through the exchange of genital fluids. Condoms have demonstrated a high success rate in preventing sexually transmitted diseases and pregnancy. Thus, with the increasing prevalence of sexually transmitted diseases, the demand for condoms will also grow. NGOs and governments of various countries are collaborating with condom manufacturers to promote the use of condoms and prevent sexually transmitted diseases by distributing condoms free of cost or at subsidized rates.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Report Highlights:

  • The major condom market growth came from the latex segment. Latex condoms are economical, readily available, and prevent pregnancies and STIs such as HIV. Collaborations between condom manufacturers and hospitals, NGOs, and government health departments, product launches, rising population in developing countries, and increasing government initiatives to prevent HIV will boost the sales of latex condoms during the forecast period.

  • APAC was the largest market for condoms in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising awareness about the benefits of condoms, availability of a wide range of products, consumption of premium products, rising disposable income, and rapid increase in population are fueling condom market growth in this region.

  • The global condom market is fragmented. Church & Dwight Co. Inc., Cupid Ltd., Fuji Latex Co. Ltd., Guilin HBM Health protections Inc., Karex Bhd, LELOi AB, LifeStyles Healthcare Pte. Ltd., Okamoto Industries Inc., Reckitt Benckiser Group Plc, and Veru Inc. are some of the major market participants. To help clients improve their market position, this condom market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global condom market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Demand for Female Condoms will be a Key Market Trend

The demand for female condoms is increasing, especially in developed countries, such as the US, where it is distributed by the government through beauty salons, convenience stores, and clinics to check the rising HIV rates. Female condoms have emerged as an effective alternative to contraceptive pills, particularly for strumpets who may face condom refusal and women who prefer not to use hormonal methods to prevent pregnancy. The rising popularity of female condoms, which is one of the critical condom market trends, has encouraged market vendors such as Veru and Cupid to invest heavily in the improvement of design and performance of female condoms. The use of female condoms will help in increasing the number of safe intercourses and minimizing the number of STIs.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Condom Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist condom market growth during the next five years

  • Estimation of the condom market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the condom market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of condom market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface

  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY MATERIAL

  • Market segmentation by material

  • Comparison by material

  • Latex – Market size and forecast 2019-2024

  • Non-latex – Market size and forecast 2019-2024

  • Market opportunity by material

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel

  • Comparison by distribution channel

  • Offline – Market size and forecast 2019-2024

  • Online – Market size and forecast 2019-2024

  • Market opportunity by distribution channel

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 10: MARKET SEGMENTATION BY GENDER

  • Market segmentation by gender

  • Comparison by gender

  • Male – Market size and forecast 2019-2024

  • Female – Market size and forecast 2019-2024

  • Market opportunity by gender

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 13: MARKET TRENDS

  • Product premiumization due to product innovation and portfolio extension

  • Growing trend of customization

  • Increasing popularity of female condoms

PART 14: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 15: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Church & Dwight Co. Inc.

  • Cupid Ltd.

  • Fuji Latex Co. Ltd.

  • Guilin HBM Health protections Inc.

  • Karex Bhd

  • LELOi AB

  • LifeStyles Healthcare Pte. Ltd.

  • Okamoto Industries Inc.

  • Reckitt Benckiser Group Plc

  • Veru Inc.

PART 16: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 17: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201009005272/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Published at Fri, 09 Oct 2020 10:07:00 +0000

By

Source: Condom Market Increasing Prevalence of STDs to Boost the …

Leave a Reply

Your email address will not be published. Required fields are marked *