Condom market Growth Accelerated by Increased Demand for Safe Sex

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Condom market Growth Accelerated by Increased Demand for Safe Sex

The global Condom Market is estimated to be valued at US$ 11.76 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Condoms are barrier contraceptives used during sexual intercourse to protect against unintended pregnancies and sexually transmitted infections including HIV/AIDS. Their easy availability and affordability have made condoms one of the most preferred contraceptive methods, especially among younger individuals.

Market key trends:

The increased demand for safe sex is one of the key trends driving the growth of the condom market. Sexually active individuals are becoming increasingly aware about the importance of practising safe sex in order to protect themselves from unwanted pregnancies and sexually transmitted infections. Condoms provide dual protection from pregnancies as well as sexually transmitted diseases which is boosting their demand. Furthermore, rising popularity of protective sex owing to the ongoing AIDS crisis worldwide is also favoring market growth. Concerted efforts of governments and NGOs towards awareness creation regarding safe sex practices through condom promotion programs have further catalyzed the uptake of condoms in recent years.

Segment Analysis

The global condom market is dominated by the male condoms segment. This is owing to the higher adoption and availability of male condoms compared to female and oral condoms. Male condoms are available almost everywhere such as pharmacies, drug stores, online channels etc. Additionally, initiatives by government and organizations to promote safe sex practices have boosted the adoption of male condoms.

Key Takeaways

The Global Condom Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is projected to reach US$ 11.76 Bn, indicating significant opportunities.

Regional analysis - Asia Pacific dominates the global condom market and is expected to remain the largest market during the forecast period. Countries such as China, India and Japan are major condom consumers in the region. Easy availability and lower costs of condoms along with rising awareness about safe sex practices are driving the market in Asia Pacific.

Key players - Key players operating in the condom market are Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), MERCK KGAA (Germany), Thermo Fisher Scientific (US), DigiPath, Inc. (US), Steep Hill Inc. (US), SC Laboratories, Inc. (US), PharmLabs LLC (US) and 10 others. These players are focusing on new product launches and business expansion strategies to gain leading position in the market.

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