Condoms Market Scope
The usage of sexual protection measures gains prominence with the emergence of STDs and STIs, which not only prevent the spread of diseases but also potentially limit birth rates. This is a major factor that is driving the market growth. Along with the urbanization, innovative packaging style, increased marketing and promotional activities and introduction of innovative condom designs are also going to boost the market growth., Growing awareness and demand for contraceptives is driving the condom market growth worldwide., The condom is a barrier method of contraception. While the usage of contraceptives was to control birth traditionally, they became a necessity over the past two centuries with the rise in sexually transmitted infections and diseases. and Male condoms have the benefits of ease to use, easy to access, and fewer side effects. While, female condoms are normally made from polyurethane and could be used multiple times. Their use greatly reduces the risk of HIV/AIDS, gonorrhea, trichomoniasis, hepatitis B, and chlamydia.
According to AMA, the Global Condoms market is expected to see growth rate of 6.32% and may see market size of USD12.06 Billion by 2026.
Research Analyst at AMA estimates that Chinese Vendors will contribute to the maximum growth of Global Condoms market throughout the predicted period.
Durex (United Kingdom), Wuhan Jissbon Sanitary Products Company Ltd. (China), Fuji Latex Co. Ltd. (Japan), British Condom (United Kingdom), Trojan Condoms (United States), Life Styles (Australia), Church & Dwight Co., Inc. (United States), Guangzhou Double One Latex Products Co., Ltd. (China), Guilin Latex Factory (China) and HLL Lifecare Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Humanwell Healthcare (Group) Co., Ltd. (China), Karex Berhad (Malaysia), Okamoto Industries (Japan), Reckitt Benckiser Group Plc. (United Kingdom), Thai Nippon Rubber Industry Co., Ltd. (Thailand) and Veru, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Condoms market by Type (Latex Condom and Non-latex Condom) and Region with country level break-up.
On the basis of geography, the market of Condoms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 22 February 2019, the global leading consumer health and hygiene company, 'RB Group Plc' has acquired an innovative pre- and post-natal healthcare company based in Texas 'UpSpring, Ltd.' for an undisclosed amount. The acquisition of UpSpring reinforces RB’s commitment to supporting expectant and new mums, and infants in the first 1,000 days of life. As a result of the acquisition, RB can support both breastfeeding mums and those who choose infant formula.
In the United States, GMP rules work under the jurisdiction of the Food and Drug Administration (FDA). Internationally, the International Organization for Standardization has created a standard called ISO 9000. and ISO standard, ISO13485, covers medical devices and is used in many areas to regulate condom production.
Market Trend
- Female Condoms Segment
- Increasing Celebrity Endorsements
- Availability of Distinct Flavors and Patterns
Market Drivers
- Growing Awareness about Sexually Transmitting Diseases
- Increasing Government Initiatives in Availing Condoms to the Local Population
Opportunities
- Increased Efforts Toward Family Planning and Birth Control Measures
- Growing Awareness and Demand through comprehensive Sex Education Programs
Restraints
- Introduction to Substitute Methods of Contraception
- Might cause Skin Irritation, such as Contact Dermatitis, due to Latex Sensitivity or Allergy
Challenges
- Moderately higher Failure Rate when used Improperly or Inconsistently
Key Target Audience
Condom Manufacturers, Distributors & Traders, Upstream and DownStream Buyers, Government Agencies, Healthcare Industry Associations and Others