Market Overview:
Condom is a sheath-shaped barrier used during sexual intercourse to reduce the chances of pregnancy and protect against sexually transmitted diseases. World Health Organization listed condoms as essential for health systems. Use of condoms reduces the risk of diseases such as chlamydia, trichomoniasis, gonorrhea, hepatitis B, and Human Immunodeficiency Virus (HIV).
Increasing awareness regarding sexually transmitted diseases and public health and promotional campaigns creating regarding advantages of condoms against unwanted pregnancy are boosting the growth of the condom market. Increasing concerns regarding family planning pose as a major factor driving demand for condoms. Innovation in female and male condoms such as anti-ejaculation chemicals are increasing customer interest. According to the Centre for Young Women’s Health (CYWH), female condoms offer around 95% accuracy for contraception effectiveness and barrier to various sexually transmitted diseases. This has increased the demand for female condoms, which in turn is propelling the growth of the condom market. Several myths regarding the use of condoms, alternative methods of contraception, and social stigmas in emerging economies are some of the major factors restraining the growth of the condom market.
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Market Outlook:
The Asia Pacific is the dominant region in the global condom market. The Asia Pacific comprises economies with the largest population such as China, India, and Indonesia, which in turn contributes to the growth of the global condom market in the region. China has a large market for condom manufacturing and brand enterprising. According to China National Centre for STD/AIDS Prevention and Control, in 2014, around 501,000 people suffered from HIV, from which around 21000 people die of the disease. The government of China has supported efforts to prevent the spread of AIDs and sexually transmitted diseases. This boosts the growth of the market in China. Increasing awareness about sexually transmitted diseases, family planning campaigns, and brand advertisements are some of the major drivers expected to fuel the growth of the condom market in the Asia Pacific over the forecast period.
North America accounts for a major share in the condom market. The U.S., Canada, and Mexico are major economies in manufacturing condoms. According to a study conducted by the Centre for Disease Control and Prevention (CDC) between the year 2012 to 2014, the most popular form of contraception in the U.S. is condom, with its use recorded to be higher among the age group of 15 years -19 years, than 33 years - 44 years age group. Despite the increased use of condoms, the STIs rate is rapidly increasing. Over 4.5 hundred million condoms are sold annually in the U.S. Governments and high schools are playing an important role in educating students and creating awareness about STIs and contraception.
The U.S Agency for International Development (USAID), has centrally financed female and male condoms as per the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR). This enables several economies to make condoms available to vulnerable and poor individuals for highly subsidized prices. Over 770 million female and male condoms are provided to 37 economies in USAID’s Asia, Latin America, and Africa.
Global Condom Market Taxonomy:
On the basis of gender, the global condom market is segmented into:
Male
Female
On the basis of material type, the global condom market is segmented into:
Latex
Non-Latex
Polyurethane
Nitrile
On the basis of product type, the global condom market is segmented into:
Flavored Condom
Studded or Textured Condom
Warming Condom
Pleasured Condom
Colored Condom
French Condom
Sensis Condom
Glow in Dark Condom
Others
On the basis of distribution channels, the global condom market is segmented into:
Drugstore
Supermarket
Hypermarket
Online
Others
Some of the major key market players operating the global condom market include Ansell Ltd (Richmond, Australia), Reckitt Benckiser Group Plc (England), Sagami Rubber Industries, Reckitt Benckiser Group, Karex Industries Sdn. Bhd (Johor, Malaysia), Graphic Armor LLC, Thai Nippon rubber Industru Co. Ltd (Sathon, Bangkok), Church & Dwight, Okamoto Industries, HLL Lifecare, and Guilin Latex.
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