London, 14 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global condom market 2015-2019, which is expected to grow at a CAGR of 9.28% by revenue and 9.07% by volume during the forecast period of 2014-2019.
Factors like increasing worldwide population and a rise in the disposable income of the populace act as a catalyst to the growth of this particular industry. As people become more economically conscious and career oriented, the need for family planning is felt, which in turn has led to the increase in demand for condoms globally. Also, condoms play a pivotal role in preventing sexually transmitted diseases and infections. Thus, recent government initiatives to curb diseases transmitted via intercourse also augment the sale of condoms globally.
“In the 1990s, women’s health advocates demanded female-controlled barrier methods in order to invoke gender equality. Although this has still not been achieved, female condoms are a woman-initiated way to prevent unplanned pregnancy and STDs including HIV/AIDS,” says Faisal Ghaus, Vice President of Technavio.
“This product is promoted through various forums both commercial and institutional including UNAIDS in almost 90 developing countries, including South Africa, Brazil, and Ghana.”
Key Market Drivers:
- Increasing Demand for Population Control and Family Planning.
- Awareness of STDs.
- Higher Visibility of Products.
- Higher Disposable Incomes and Educational Levels.
Key Market Trends:
- Repositioning of the Product as a Whole.
- Technological and Product Advancements.
- Tapping the Untapped Markets.
- Increase in Demand for Female Condoms.
- Ethics and Responsibilities.
Key Market Vendors:
- Ansell Ltd.
- Church & Dwight Co. Inc.
- Reckitt Benckiser Group plc
- The Female Health Co.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
