MarketResearchNest.com adds “Condom Market In The US 2017-2021” new reports to its research database. The report spread across 101 pages with tables and figures in it.
The analysts forecast the condom market in the US to grow at a CAGR of 6.39% during the period 2017-2021.
Condoms are non-hormonal contraception products. There are male condoms and female condoms. Female condoms are disposable covers made of nitrile. Women use these before and during sexual intercourse to prevent direct genital contact and the exchange of bodily fluids. Condoms help in preventing pregnancy, sexually transmitted diseases (STDs), and sexually transmitted infections (STIs). The condom market in the US is a major contributor of revenue to the global condom market. From a top-down perspective, Technavio has analyzed the global condom market as a parent market to set a context for the analysis of the condom market in the US.
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Technavio recognizes the following companies as the key players in the condom market in the US: Ansell, Church & Dwight, Reckitt Benckiser, and Sir Richard’s
Other Prominent Vendors in the market are: Fuji Latex, GLYDE AMERICA, Lelo, Playboy, Sagami Rubber Industries, Sustain Condoms, Veru (The Female Health Company), Pure Romance, OKAMOTO USA, B Holding group, Graphic Armor, and Unique Condoms.
Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is Increasing use of female condoms. The market has witnessed the popularity of female condoms in recent times. In the US, women are experimenting with condoms, thereby creating a demand for such products. The US government officials gave away 200,000 female condoms at convenience stores, beauty salons, and community clinics during its DC program. The Washington DC district initiated this program to restrain the mounting HIV rate in the area. It also trained peers to make it more comfortable for women to talk about sexual health. This resulted in a high acceptance rate of female condoms on a large-scale.”
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According to the report, one of the major drivers for this market is High disposable income. Sexual wellness products such as condoms are being increasingly purchased in the US as there is an increase in the disposable income of people. Product availability is not an issue as they are easily available in retail stores such as Walmart and Walgreens and e-commerce websites such as Amazon. Condoms have found separate store shelves at supermarkets and drugstores across the country.
Further, the report states that one of the major factors hindering the growth of this market is Irregularities in sex education. While the US identifies itself as a sexually liberated nation, irregularities in imparting proper sex education are hampering sexual awareness among teenagers. This, in turn, will lead to a decrease in the demand for sexual wellness products. If teenagers are not properly educated on sexual wellness, then they would not translate into potential consumers for the sexual wellness market. In some states across the country, there is a norm of abstinence-only sex education, a form of sex education that promotes and teaches students to not have sex outside marriage.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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