CHICAGO, April 3, 2019 /PRNewswire/ -- According to Arizton's recent research report, the global sexual wellness market is expected to reach revenues of around $39 billion by 2024, growing at a CAGR of over 7% during 2018−2024.
Key Highlights Offered in the Report:
$13 billion incremental revenue opportunities in the sexual wellness market to be capitalized in the next five years
Digital/Online sales for sexual wellness products to grow due to cultural taboos related with physical purchasing
With close to 37 million people living with HIV globally in 2017, the condoms market is projected to shoot up significantly
Government regulations with regard to sex education play a crucial role in setting up the market in developing and emerging countries
Targeting young population (18–27 years) with innovative product designs and gender-neutral tone in product offerings provides significant market opportunity for vendors
Market Size & Forecast by Revenue | 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation –A detailed analysis by product types, distribution types, and geographies
Competitive Landscape – Profile of 4 key vendors and 60 prominent players.
This market research report includes detailed segmentations of the market by product types, distribution types, and geographies.
The sex toys segment is the largest one holding more than half of market share in 2018, followed by the condoms market
The retail segment comprising mass market, drug stores, and specialty and grocery stores, occupies more than 60% of the sales
Market Segmentation by Product Types
Harness & Strap-On-Penises
Market Segmentation by Distribution Types
Supermarkets & Hypermarkets
Drug and Grocery Stores
Sexual Wellness Market– Dynamics
With the rising awareness among end-users and rapid technological advancements to explore healthy aspects of their sexual life, the market for sexual wellness is expected to gain traction during the forecast period. The global sexual wellness market is primarily observing a significant growth while focusing on women customers.
Key Drivers and Trends fueling the Growth of the Global Market:
Integration of Sex Education with Sexual Wellness
Evolvement of Gender-Neutral Tone in Market
Increase in the Incidences of AIDS/HIV and STDs
Sexual Wellness Market–Geography
APAC is the largest segment of the global sexual wellness market, accounting for a market share of over 40% due to the presence of the world's two largest populated countries, China and India. The market in Europe is characterized by high demand for premium sex toys and condoms along with water-based and silicone-based sexual lubricants.
Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.