Sexual Wellness Market Size, Growth, Report Study, Demand, Key Players, and Forecast 2027
The sexual
wellness market is expected to grow at a CAGR of 4.60% during the forecast
period 2027, to reach USD 39.5 Billion. Sexual health is experience of
physical, psychological and social cultural related to sexuality. The products
such as, sex toys, condom & contraceptives, sexual enhancement supplements,
lubricants, ointments view as a sexual wellness product that provides enjoyment
in sexual experience and security.
Increasing global prevalence of Sexually Transmitted
Diseases (STDs), increase in awareness regarding sexual health items, and
development of e-commerce business are expected to drive the growth of market.
According to the Centers for Disease Control and Prevention (CDC), in 2017
around 1,708,569 were suffer with Chlamydia trachomatis infection in US.
Similarly, in 2017, around 555,608 were suffer with gonorrhea and 30,644 were
suffer with Syphilis in US. Moreover, According to World Health Organization
(WHO), every year estimated around 357 million new people suffer with sexually
transmitted infections (STIs). Furthermore, according to The Joint United
Nations Programme on HIV/AIDS (UNAIDS), in 2017 estimated that 5.2 million
suffer with HIV in Asia-Pacific. On other hand, side effects due to toxic
ingredients in products and product recalls can restrain the market growth over
the assessment period.
Regional Analysis
Geographically, the Americas is expected to dominate the
global sexual wellness market owing to the presence of well-established
players, increasing prevalence of Sexually Transmitted Diseases (STDs), increase
in awareness regarding sexual health items, and developed e-commerce business.
Europe is expected to hold the second largest position in the global sexual
wellness market. Asia-Pacific is expected to be the fastest growing market
owing to the increasing awareness about sexual wellness products and supportive
sex education programs. Furthermore, the Middle East and Africa region is
expected to account for the least market share in the global sexual wellness
market.
Segmentation
The global sexual wellness market has been segmented into
product and distribution channels
Based on product, sexual wellness market is segmented into
sex toys, condom & contraceptives, sexual enhancement supplements,
lubricants, ointments, and others. The sex toys segment is expected to account
for the largest share segment of the market in 2017.
Based on distribution channels, sexual wellness market is
segmented into retail and online platforms. The retail segment is expected to
account for the largest share segment of the market in 2017. Retail segment
further sub segmented into drug stores, specialty stores, and others.
Key Players
the global sexual
wellness companies are LELO (Sweden), Doc Johnson (US), Church & Dwight
Co., Inc. (US), Ansell Ltd. (Australia), Reckitt Benckiser Group plc (UK),
LifeStyles Healthcare (Australia), Karex Berhad (Malaysia), Veru Inc. (US),
Mankind Pharma (India), and BioFilm IP LLC (US).
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