New York, According to a new market research report published by Global Insight Services “Condom Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A condom is a sheath-shaped device that is used as a barrier during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. The male condom is typically made from latex and is worn on the penis. The female condom is made from polyurethane or latex and is worn inside the vagina.
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Key Trends
There are several key trends in condom technology:
- Thinner condoms: One trend is the development of thinner condoms. This is in response to the fact that many men find traditional condoms to be too thick and bulky, which can reduce pleasure during sex. Thinner condoms are also less likely to tear or break during use.
- More sensitive condoms: Another trend is the development of more sensitive condoms. This is in response to the fact that many men find traditional condoms to be too thick and bulky, which can reduce pleasure during sex. More sensitive condoms are also less likely to tear or break during use.
- Flavored condoms: Another trend is the development of flavored condoms. This is in response to the fact that many men find traditional condoms to be too bland. Flavored condoms are also less likely to cause an allergic reaction.
Key Drivers
The key drivers of the condom market are population growth, rising incomes, and increased awareness of the importance of safe sex. Population growth is the most important driver of demand for condoms, as it increases the number of potential users. Rising incomes also lead to increased demand, as people are able to afford more expensive products, such as condoms made from higher-quality materials. Finally, increased awareness of the importance of safe sex has led to greater use of condoms, as people are more likely to use them if they believe they will protect them from sexually transmitted diseases.
Market Segments
The Condom Market is segmented on the basis of type, end user, distribution channel and region. By type, it is segmented into latex and non-latex. On the basis of end user, it is divided into men and women. Based on distribution channel, it is segregated into chemist shops, malls, e-commerce website and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Condom Market report includes players such as Ansell Ltd, Okamoto, Reckitt Benckiser Group Plc, Caution Wear Corporation, Karex Industries Sdn, Graphic Armor LLC, Church & Dwight Co. Inc, Fuji Latex Co. Ltd, Sagami Rubber Industries, and Mankind Pharma.
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Reasons to buy Condom Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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