Health and Wellness
Global market overview for condoms
According to Technavio’s market research analyst, the global condom market will exhibit steady growth and post an impressive CAGR of over 10% by 2020. Numerous side-effects associated with the use of birth control pills will act as a key driver for the growth of this market. It has been noted that around 99% of women aged between 15 to 44 years have utilized at least one contraceptive method. The use of birth control pills is very effective, but it comes with its own side-effects. Weight gain, blood clots, mood disorders, and other significant issues such as nausea, headache, breast tenderness, or spotting during the menstrual cycle are some of the side-effects associated with the use of birth control pills. Moreover, some users have also reported depression or mood swings, which further leads to a reduction in sex drive among users. Rising awareness about the numerous side-effects of birth control pills will result in the growing popularity of condoms among the end-users.
During 2015, APAC was the largest market for condoms due to the introduction of stringent initiatives by the local governments to curb the AIDS epidemic and the surge in population. However, by 2020, this region is envisaged to further enhance its hold over the market due to the fast-changing perception of people toward condoms. The APAC countries exhibit not only the highest consumption but also the highest production of a broad range of condom products. China and Japan are the largest markets for these products in APAC. Factors such as the rising online penetration and digitization are resulting in the strong market position of this region.
Competitive landscape and key vendors
Overview of the viscosupplementation market
Extensive research carried out by the analysts at Technavio has shown that the global viscosupplementation market will witness steady growth and post a moderate CAGR of more than 6% during the forecast period. With the growing popularity of minimally invasive procedures, the viscosupplementation market is anticipated to have a positive outlook over the coming years. Viscosupplementation is a minimally invasive procedure used for the treatment of osteoarthritis. Hyaluronic acid is injected into the stiff joints, especially knees. This helps in reducing the friction between two bones, thereby, curbing further bone degradation. With the rising geriatric population around the world and advances in healthcare facilities, patients are adopting less painful and cost-effective treatments such as viscosupplementation, compared to conventional knee replacement surgeries that are painful, expensive, and time-consuming. In the recent years, there has been a significant shift in consumer preference from high cost and painful knee replacement procedures to minimally invasive viscosupplementation procedures.
One of the latest trends gaining significant traction in the market is the increase in R&D activities and the launch of novel viscosupplements by the market vendors. Due to the highly competitive nature of the market and the presence of various players, companies are increasingly focussing on advanced technologies to manufacture innovative viscosupplements. For example, Anika Therapeutics' viscosupplements are
Overview of the sex toys market in APAC
Technavio’s market research analysts have predicted that the sex toys market in APAC will witness rapid growth and post an impressive CAGR of more than 7% during the forecast period. The paradigm shift in the perception of sex toys is a major factor driving this market’s growth. Sexual experiences are stigmatized in most conventional societies, especially in countries like India and China. However, this trend is changing as consumers are becoming sexually empowered and are experimenting with their sexuality owing to increased awareness and supportive environments. Moreover, the popularity of sexual practices like BDSM and growing acceptance of homosexuality in several Asian countries have also led to the augmented adoption of sex toys.
One of the recent trends gaining significant traction in the market is the emergence of 3D printing in sex toys. The advent of 3D printing technology has allowed manufacturers to offer inimitable personalization capacities, which can be a key influencer for sex toys consumption. The technological advancements in 3D printing have also allowed users to 3D print at home. There are a few specialized online websites that allow users to create custom sex toys like vibrators and dildos online, then download or stream the 3D file to print it at home using a desktop 3D printer. 3D printing is expected to act as a disruptive technology in the market as it provides the option of customization of sex toys for buyers,
Overview of the global female contraceptive market
Technavio’s market research analyst predicts the global female contraceptive market to grow at a CAGR of more than 3% by 2020. Factors such as unprotected sexual intercourse, contraceptive failure, incorrect use of contraceptives, forgotten contraception pills, and sexual assault can lead to unplanned pregnancies. However, the use of active contraception devices can eliminate over 90% of abortion-related and around 20% of pregnancy-related issues and mortality cases in developing countries. Various temporary and permanent contraceptive methods and devices for women are available in the market. Permanent methods such as sterilization are most effective as they avoid the chances of pregnancy. Also, several government initiatives globally toward family planning and easy access to contraceptives such as pills have increased their popularity among women, especially in developing countries for preventing pregnancy-related health risks, unsafe abortions, and adolescent pregnancies. Moreover, with the growing incidences of STDs, the demand for permanent contraception methods are high, leading to the overall growth of the market over the next four years.
The novel contraceptives methods such as subdermal progestin implants, vaginal contraceptive rings, transdermal patches, and third-generation oral contraceptives are gaining popularity in the market. Also, the market share for these devices is likely to increase during the forecast period due to their increased safety, convenience, and advantages. The development of multipurpose prevention technologies capable of avoiding both pregnancy and STIs is increasing significantly. Nanofabric is a novel technology, which is designed to adhere, stay in place, and form a gel after dissolving. It also helps in blocking the
Overview of the adult vibrator market
The adult vibrator market is expected to witness impressive growth and will post a staggering CAGR of more than 15% over the forecast period. The sex toy industry in China is proliferating with the presence of over 1000 manufacturers producing a variety of sex toys including vibrators. Approximately 70% of the global sex toys production happens in China owing to the easy availability of raw material and low labor costs. Moreover, with the rising popularity of online shopping, several manufacturers have invested in online websites to tap into the potential of e-commerce. Additionally, several key players in the market are setting up their operational bases in China to leverage the advantage of economies of scale that the country has to offer through its low-cost manufacturing inputs, which, in turn, will boost this market’s growth over the next four years.
One of the latest trends gaining significant traction in the market is the growing popularity of vibrators for therapeutic purposes. Several women experience vaginal dryness and changes in firmness and elasticity of the vaginal muscles, as well as an imbalance in hormonal levels that affect vaginal moisture. This leads to reduced levels of pleasure during intercourse, resulting in sexual dissatisfaction. In such cases, the sex and wellness experts encourage individuals to use sex toys such as genital vibrators for therapeutic purpose as they
Global outlook of the pregnancy detection kits market
Technavio’s market research analysts predict the global pregnancy detection kits market to grow steadily during the forecast period and post a CAGR of almost 5% by 2020. This industry research report identifies the rise in popularity of midstream format to be one of the major factors having a positive impact on the growth of the pregnancy test kits market in the coming years. Due to constant product innovation, enhancement in accuracy, value-added benefits, and improved marketing, the recent years have witnessed a rising popularity of the midstream format of pregnancy testing. Unlike other pregnancy tests, the midstream pregnancy test is fast, safe, convenient, and can be used to run pregnancy tests at any time when pregnancy is suspected. These benefits will attract more customers to purchase mid-stream format products even at premium prices, in turn, driving the market’s growth prospects.
The use of social networking websites as an essential part of the online retail revolution will be one of the major trends that will gain traction in this market in the coming years. It has been observed that the Internet users spend more than 25% of their total time on social networking sites such as Facebook and Twitter. As a result, retailers have started using these websites to market their products and also in providing customer support. With the number of internet users registering at social networking sites only increasing, there will be a significant increase in the number of vendors using social media to promote their brand and connect with customers.
Competitive landscape and key vendors
This global pregnancy detection kit market is highly concentrated, where four major vendors such as Alere, Church & Dwight,