The North America Condom Market would witness market growth of 8.2% CAGR during the forecast period (2021-2027). Latex condoms are considered to be the most efficient and effective contraception method that helps in the prevention of HIV, unplanned pregnancy, and sexually transmitted infections (STIs).
The health concerns among the public about STDs, HIV/AIDs, and population explosions have been substantially declined with the rise in adoption and usage of condoms by young couples, sex workers, and the LGBTQ community. Appropriate and long-term use of condoms can prevent the risk of acquiring these conditions. Many studies have revealed that since the beginning of the HIV/AIDS epidemic, condoms have been helpful in preventing 50 million new cases of HIV.
With an aim to lower down the risk of STIs and unwanted pregnancy, female condoms are highly used. Well-established countries like the U.S., Canada, have witnessed the high acceptance of female condoms which is further increasing with time. Presently, there is just one company in the U.S. that provides the FC2 Female Condom. In January 2019, a female condom was assigned a genderless rebranding by FDA and was given a generic name “single-use internal condom.” It was regarded as an over-the-counter device. It is expected that the device would face the same kinds of approval regulations as male condoms and is accepted for vaginal and anal intercourse.
The US market dominated the North America Non-Latex Market by Country in 2020, thereby, achieving a market value of $454.6 million by 2027, The Canada market is showcasing a CAGR of 11.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 10.5% during (2021 - 2027).
Based on Material Type, the market is segmented into Latex and Non-Latex. Based on Distribution Channel, the market is segmented into Drug Stores, Mass Merchandizers and E-commerce. Based on Product, the market is segmented into Male Condoms and Female Condoms. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Condom Market is Estimated to Reach USD 17.1 Billion by 2027 at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Karex Berhad, Reckitt Benckiser Group PLC, Church and Dwight Co., Inc., LELO AB, Lifestyles Healthcare Pte. Ltd., Veru, Inc., Mayer Laboratories, Inc., Okamoto Industries, Inc., Cupid Limited, and Fujilatex Co., Ltd.
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