the
automotive wiring harness market and it is
poised to grow by USD 10.7 mn during 2020-2024, progressing at a CAGR of almost
4% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
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.
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.
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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.
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sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more. Request a free sample report
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