Research Nester released a report titled “Female Condom Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global female condom market in terms of market segmentation by material type, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Female condoms, also known as femidoms are condoms designed especially for women in order to protect them from unwanted pregnancies. These are safe to use and more effective than other forms of contraception such as contraceptive pills, thereby driving the demand for this product in the market. The female condom market is anticipated to witness a significantly high CAGR of 16% during the forecast period, i.e., 2019-2027. This growth is attributed to the increasing awareness among people for the prevalence of sexually transmitted diseases (STDs) and the adoption of various methods in order to prevent the infections.
The market for female condoms is segmented material type into latex and non-latex condoms, out of which, non-latex condoms segment is further bifurcated into polyurethane and nitrile. Out of these segments, the non-latex condoms segment is anticipated to hold the leading market share on account of their attributes such as better comfort and improved quality as compared to latex condoms.
North America holds the largest share of the market on the back of rising developments in the region along with growing awareness among people pertaining to availability of better birth control measures. Moreover, the increasing prevalence of sexually transmitted diseases is also estimated to increase the demand for female condoms. This growth is closely followed by Europe for holding the second largest market owing to the growing health campaigns in the region. The market in Asia-Pacific region is estimated to grow at the highest rate as a result of increasing awareness and a high demand for effective birth control products.
Rising Birth Control Measures to Boost the Market Growth
The rising population is a major attribute resulting in the growth of the female condom market. Regions such as China, US and India are witnessing tremendous growth in the population which has led the governments in these regions to take certain measures for birth control, thereby driving the growth of the market.
Overcoming the Barriers to the Growth of Female Condom Market
High ignorance among majority of the rural population for the contraceptive products is anticipated to act as a major restraint behind the growth of the market as the sale of female condoms is almost negligible in these areas.
This report also provides the existing competitive scenario of some of the key players of the global female condom market which includes company profiling of Veru Inc. (VERU), Church & Dwight Co., Inc. (CHD), Reckitt Benckiser Group (RB), Cupid Limited (CUPID), PATH, Okamoto (5122.T), Sagami (5194.T), StaySafe Condoms, Trojan (TUV) and HLL Lifecare Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global female condom market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.