According to FutureWise analysis the market for adult condom in 2023 is US$ 9.32 billion, and is expected to reach US$ 17.8 billion by 2031 at a CAGR of 8.42%.
Condoms are a vital and effective health tool in combating the spread of sexually transmitted infections (STIs). Condoms are widely available and can functionally prevent the spread of STIs when used correctly. Despite this, cases of STIs continue to increase. Globally, approximately half a billion new STI cases are reported every year. For young men and women, pleasure-related attitudes were more strongly associated with a lack of condom use than all sexual history factors. Many studies document the sociodemographic and sexual history factors most associated with young adults’ condom use, including age, education, and number of sexual partners. Research also explores psychosocial factors such as self-esteem and condom self-efficacy, and gender inequality that may render condom use especially difficult for young women.
The age group of young people (15–24-year-olds) accounts for half of the total STIs reported annually, yet only 41% of young people report regular condom use. Although condoms provide dual protection against STIs and unwanted pregnancies, young adults report greater concern for unwanted pregnancies than STIs. Accordingly, an overreliance on hormonal contraception is apparent among young people. Alarmingly, younger people frequently report low accuracy about STI knowledge and unfounded optimistic bias, wherein they perceive themselves as relatively invulnerable to STIs. Poorer STI knowledge, the presence of optimistic bias, and a preference for hormonal contraception subsequently predict reduced condom use overall, in turn facilitating the disproportionate spread of STIs in this age group.
FutureWise Market Research has published a report that provides an insightful analysis adult condom market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, adult condom market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.