Insights into Condom Market and it’s growth outlook
Category: #business  By Rahul Varpe  Date: 2020-01-14
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Insights into Condom Market and it’s growth outlook

With various governments scaling up their efforts to address significant problems of unintended pregnancies and sexually transmitted diseases, condom has emerged as one of the most effective and commonly used means for birth control. However, a major chunk of population absconds from using condoms. This has resulted not only in sexually transmitted diseases, but also in towering cases of unintended pregnancies, evoking major campaigning activities encouraging the use of condoms.
As per estimates, every year in the U.S., around 750,000 teens become pregnant, with up to 82% of those pregnancies being unintended.

Speaking of sexually transmitted diseases or infections, their incidence rate has reached epidemic levels. As per World Health Organization estimates, more than 1 million STIs are developed every day, globally. STIs can have serious consequences beyond the impact of the infection itself. The cases are getting worse in sex-workers.

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Strong public health need has encouraged the use of condoms, especially due to stronger focus on AIDS relief by governments across the globe. In addition, as more consumers adopt condom use and are willing to pay for different brands, global condom industry is slated to exhibit an upward growth trend.

Condoms are of utmost importance in the fight against HIV/AIDS pandemic. Healthcare institutions are endeavoring to curb the spread of HIV, alarmed by the rapid rise in the incidence rate of the diseases. In particular, the onset of HIV in female sex workers, as well as in transgender women, has evoked various condom programming initiatives.

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The stigma attached with the use of condom seem to be subsiding and more acceptance can be witnessed in the form of demand and associated advancements in condom products. Given the marked rise in level of condom usage, manufacturers are striving to develop advanced products. Manufacturers are shifting  from  latex to other alternative materials such as hydrogels, although latex remains the predominantly used material. This has been further complemented by addition of flavors, colors, anti-ejaculation chemicals, and stimulating textures.

To keep up with the competitiveness in condom industry, several sexual health product companies have rolled out advanced condom variants. For instance, in 2018, All ONE® Condoms, a leading condom manufacturing firm launched ‘UltraFeel', their thinnest condom, which is combined with the company’s latest technologies. The company claims the latex used to be thinner than a human hair.

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Several NGOs are also promoting use of condoms, by providing them at subsidized rates or for free. For instance, the global charity AIDS Healthcare Foundation’s initiative, Love Condoms, is an attempt to reduce cases of HIV/AIDS on a global scale. Through the campaign, AHF distributes premium latex condoms to millions of people across the globe.

STDs exhibit a higher incidence and prevalence in developing countries. Failure to diagnose & treat  infections, such as syphilis, gonorrhea, and chlamydial infections across these countries, especially in pregnant women lead to such diseases being passed on to the generations they bring forth. However, various initiatives have recently been undertaken by governments in these countries to control the epidemic.

Favorable programs, such as family planning and comprehensive sex education in schools will bolster the use of condoms. In addition, building awareness among teenagers regarding safe sex practices, purveyed by sex education in schools and colleges has also resulted in condom business expansion.

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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