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| Global Condom Market Research Report |
The Global Condom Market which is
growing rapidly with the addition and innovation of the new trends in the
condom manufacturing and type is not only getting its revenue from the male
condom but also the female condom segment is contributing to the market growth.
The condom market has been traditionally dominated by the usage of male condoms
as they were not only introduced earlier but also on account of the type of
innovations that supported their adoption among users. Though the female condom market only caters
a small percentage of the overall market but the growing popularity of the
female condoms can certainly emerge as a major driving factor for the global condom
market.
The development of the first
modern female condoms can be traced back to the 1980s. Since the production of
the first batch in 1990s, female condoms have slowly gained popularity. The
main selling point for female condoms is growing dominance of women in sexual
activities.
Female condoms are also the first
women-centric contraceptives that provide protection against STDs and STIs and
avoid pregnancy. Female condoms are either made of nitrile or polyurethane and
fare better than latex as they do not cause allergies. Further, they can be
lubricated with oil, water, and silicone, thus offering inherent customization
to users. Further, on the account of their build, female condoms are found to
potentially enhance the sexual pleasure by stimulating clitoris. Importantly,
female condoms impart a shared responsibility to women in the prevention of
STDs and STIs and offer them the control in family planning.
The introduction of female
condoms has developed a new market segment with a significant growth scope. For
instance, the share of male condom sales constituted 99.6% of the global condom
sales in 2015 with the rest contributed by female condoms. However, the
adoption of female condoms is increasing with the sales volume growing at a
CAGR of 10.84% as against 9.11% for male condoms during the period 2015–2021.
For more information visit : GlobalCondom Market Strategic Assessment and Forecast Till 2021
Innovation is expected to one of
the major factors in the adoption of female condoms. Vendors are increasingly
focusing on launching products that are aesthetically appealing, affordable and
pleasurable. Female Health Group, Cupid,
HLL, Silk Parasol, and Tianjin
Condombao Medical Polyurethane Tech are some of the major companies in the
female condom market and their products include Origami Female Condom, Female
Panty Condom, Natura Sensation Condoms, and dumbbell shaped Condoms.
VA is a company
that is developing a new model of female condoms, which come with a Bluetooth connectivity
and a vibrating device, to help women achieve an orgasm.
These technology-enabled products
are expected to challenge the frontiers of traditional contraceptives products.
The Global Condom Market is going
to witness a dramatic shift in the sales of both male and female condoms. The
factors such as growing popularity of female condom, increased effectiveness of
family planning mandates and birth control measures, introduction
of innovative condom distribution channels to expand reach & comprehensive
sex education for teenagers are going to drive the market for next five years.
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