Condom Market Key Players, Latest Trends, Future Strategies And Growth Forecast Till 2030

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Condom Market
Condom Market

Growing government initiatives to control population growth, the introduction of new products to enhance sexual pleasure, rising public awareness of the need to prevent unwanted sex and practise family planning in developing nations, and an increase in casual sex worldwide are the main drivers of the Condom Market revenue growth. A condom is a sheath-shaped barrier used to reduce the risk of pregnancy and STDs when engaging in sexual activity. The market offers both male and female condoms. If condoms are used correctly, women whose male partners always use them have a 2% yearly pregnancy rate, compared to a normal annual pregnancy rate of 18%. The use of condoms offers some protection against the Human Papillomavirus (HPV), genital herpes, and syphilis as well as a significant reduction in the risk of getting trichomoniasis, gonorrhoea, chlamydia, hepatitis B, and HIV/AIDS.

Due to government family planning initiatives and growing concern over population growth, Condom Market demand has increased recently, especially in wealthy countries. Additionally, schools are crucial in educating young people about healthy sexual behaviour and sex, which is likely to normalise the usage of condoms in the future. However, emerging nations have not seen a rise in the condom adoption rate. For instance, condom sales in India fell by 48% in the first quarter of 2020, and a survey indicates that only 5.6% of the country's population uses condoms.

The absence of sex education in schools and the conservative attitude toward sex are to blame for this. Additionally, condom use and purchase are frowned upon in the nation. The Chinese government has implemented a number of programmes to promote Condom Market use in order to reduce the spread of STDs like HIV. The government offers free condoms to those who are HIV-positive and distributes money each year to purchase and distribute condoms to at-risk groups, including as sex workers. Such government actions, along with rising public awareness of the advantages of condom use, have a significant positive impact on market expansion.

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