Key Factors Driving Growth: Sexual Wellness Initiatives and Crowdfunding
NEW YORK, NY, December 06, 2023 /24-7PressRelease/ -- Explore the detailed findings of the Technavio report titled "Sexual Wellness Market," which predicts robust growth, projecting an increase of USD 46.47 billion with a notable CAGR of 11.17% from 2022 to 2027. The Asia-Pacific (APAC) region is anticipated to contribute significantly, making up 33% of the global market growth during this period. Acquire the full report for comprehensive insights.
The expansion of the sexual wellness market is propelled by initiatives and crowdfunding efforts focused on promoting sexual health awareness. These endeavors endorse various products, such as sensual lingerie, contraceptives, condoms, and sexual aids, with an emphasis on disease prevention. Crowdfunding, in particular, plays a pivotal role in introducing innovative female-centric pleasure products. Noteworthy initiatives like Healthy Native Youth foster open conversations about sexual health, collectively driving sales and promoting the use of sexual aids to boost the global sexual wellness market. The report provides a thorough analysis of the impact of the COVID-19 pandemic on the market, presenting optimistic, probable, and pessimistic forecast scenarios.
In North America, especially in the United States and Canada, the sexual wellness market is experiencing substantial growth due to heightened awareness and acceptance of related products. Local manufacturers, such as Church & Dwight, optimize supply chains, while companies focus on technological advancements to expand their market presence. The robust retail infrastructure in North America, including major stores like Walmart, Target, CVS, and Walgreens, further amplifies the sales of sexual wellness products.
Technavio identifies emerging trends in the sexual wellness market:
Increasing recognition of the health benefits associated with sex toys is a major trend globally.
Women turn to sex toys post-gynaecological surgery and childbirth to maintain vaginal tissue flexibility and prevent issues like atrophy and discomfort.
Medical dilators and vibrators assist in managing conditions like involuntary muscle contractions around the vaginal opening.
Men with erectile dysfunction find relief and options for orgasm through tools like cock rings, penis pumps, and constriction bands.
Key players in the sexual wellness market include Luvu Brands Inn, Mayer Laboratories Inc, and Doc Johnson Enterprises. For detailed information on companies and their offerings, download the sample report.
The market is segmented by Product (Sex Toys, Condoms and Contraceptives, Erotic Lingerie, Personal Lubricants, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).
Anticipate substantial growth in the sex toys segment during the forecast period, driven by changing societal attitudes and a growing demand for these products. The expanding presence and approval of sex toys in mainstream media further contribute to their acceptance in society.
For comprehensive insights into the impact of each segment and to make informed business decisions, download the sample report now. Expect significant growth in the sexual wellness market, fueled by increasing awareness, crowdfunding, and evolving societal attitudes, with major players implementing strategic initiatives to enhance market presence.
Condom Market: The condom market is projected to increase by USD 5,117.84 million, and the market size is estimated to grow at a CAGR of 9.68% between 2022 and 2027. In 2017 the size of the market was valued at USD 5,874.06 million.
Online Sex Toys Market: The online sex toys market size is estimated to grow at a CAGR of 12.45% between 2022 and 2027. The market size is forecast to increase by USD 13.40 billion.
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Product
7. Market Segmentation by Distribution Channel
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
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