Global Condom Market Is Estimated To Witness High Growth Owing To Growing Government Initiatives And Rising Awareness Regarding Combating STDs

Condom Market

Overview:

Condoms are very cheap, easy to get, and can help to protect against many sexually transmitted diseases. They can also help prevent pregnancy. Condoms are used as a barrier against unintended pregnancy. It is an effective and inexpensive method of contraception. However, there are several misconceptions and misunderstandings about condoms.

Some people also believe that using a condom makes sex more comfortable. However, there is no medical proof to support this belief. A condom also protects against STDs and also prevents pregnancy. It can prevent the spread of gonorrhea, chlamydia and trichomoniasis. Using a condom may help prevent HIV. Moreover, it can be used as a tool for infertility treatment.

Market Dynamics:

Growing partnerships among major payers is anticipated to augment growth of the global Condom Market over the forecast period. For instance, LGD Gaming, a Chinese e-sports organization and Chinese condom brand Jissbon declared their partnership in April 2022, by co-branding condom boxes on the on Taobao, a Chinese e-commerce platform. Moreover, increasing occurrence of allergies is anticipated to hamper growth of the global condom for market over the forecast period.

Impact of COVID-19:

COVID-19 affected the economy of many sectors and also hampered the availability of products. The pandemic resulted in imposition of strict regulations around the world, for preventing the spread of the virus. Lockdowns, quarantines, and travel bans were imposed in many regions. Many businesses were shut down due to these lockdowns. However, there was a high demand for condoms, this encouraged the growth of the global Condom Market. Supply chains had to be maintained as it was critical in order to prevent unexpected pregnancies and disease transmissions. This led to increased availability of condoms and it also improved supply chains.

Key Takeaways:

The Global Condom Market is expected to witness significant growth, exhibiting CAGR at high rate over the forecast period, due to growing product approvals.

For instance, Cupid Limited gained approval from the U.S. FDA for market male condom variants in the United States of America in August 2020. Asia Pacific is expected to witness robust growth in the global condom for market during the forecast period, owing to growing population in countries like Japan, China and India.

Key players active in the global Condom Market are Cupid Limited, Church & Dwight Co., Inc., Okamoto Industries, Inc., Fuji Latex Co., Ltd., Mayer Laboratories, Inc., Mayer Laboratories, Inc., Reckitt Benckiser Group, Veru, Inc., Karex Berhad, LifeStyles Healthcare Pte Ltd., and Lelo.