Condoms: A Global Strategic Business Report
San Jose, California (PRWEB) October 09, 2012
Follow us on LinkedIn – The unprecedented rate of population explosion has become a cause for grave concern the world over. One of the most devastating diseases to affect humanity is AIDS. As of 2011, about 35 million people were surviving with this life-threatening infection worldwide, while over 2.5 million newly infected cases were reported. In terms of death toll since the spread of the disease, about 30 million people have succumbed to date, with the year 2011 alone accounting for over 1.7 million deaths. AIDS is one of the leading causes of death in the world and considered the number one cause in the sub-Saharan African region. Rate of HIV infection is the highest in Sub-Saharan Africa, with nearly 69% of individuals affected with the disease. The prevalence of HIV/AIDS is also becoming widespread in other parts of the world, with its incidence growing at an alarming rate. Against this backdrop, condoms play a key role in the control of sexually transmitted infections/diseases (STIs/STDs), preventing unwanted pregnancies and enabling family planning.
Condoms are rapidly becoming a way of life for today’s youth and almost as many women as men now carry condoms at all times. Over 85% of people in the 16-25 age group use condoms, which is a vast improvement on previous years when the figure was around 50%. Backed by relentless Government initiatives and international healthcare organizations, female condoms, although not as prevalent as their male counterparts, are nevertheless rapidly gaining acceptance and have completely redefined women’s empowerment. A promising and innovative health technology, the female condom is set to strengthen its market presence and play an increasing role in the health protection market.
Globally, the condoms market is expected to witness steady growth in the next few years, owing to an increase in overall population and growing usage of condoms. However, currently, an estimated 355 million consumers worldwide lack proper access to advanced and modern methods of contraception. While birth control remains the primary reason for condom use, disease prevention is taking the onus of driving overall growth in the market. The condoms market is likely to sustain high growth in upcoming years, largely driven by emerging economies of Asia, Middle East, and Africa. Given the relatively strong economic activity, higher proportion of younger demographics, and limited condom users in these countries, ample opportunities for growth exist in the marketplace. Condoms’ use specifically in countries like India and China is growing continuously, on account of strong economy, heightened public awareness that condom provides protection against STIs, and increasing population. Governments in developing countries, including India and China, are taking up initiatives to encourage condoms usage as a way of curtailing sexually transmitted diseases and restricting population growth. Increased uptake of condoms in African countries is largely due to growing disease prevention programs organized by non-Governmental associations.
Social marketing programs and public health campaigns promoting greater awareness, commercial advertising, expanded distribution channels, and use of condoms by unconventional users such as gays have resulted in an unprecedented increase in sales. In developing countries, condoms are increasingly being distributed through social marketing and Government health programs to curtail STDs and cut-down rising population growth. Government subsidized AIDS/HIV prevention programs distribute donated condoms free-of-cost through established Government health infrastructure. Each year, about 11 billion male condoms are distributed through Government health organizations the world over, yet accounting for a fraction of male condoms distribution.
Europe and Asia-Pacific represent two of the largest and most influential regional markets, capturing a sizeable chunk of the global market, as stated by the new market research report on Condoms. In Europe, condoms usage is primarily driven by increasing popularity among younger population and growing concern toward spread of STDs including AIDS. Asia-Pacific drives largest volume gains in the global condoms market, spurred by huge population, lack of adequate awareness, rising focus on sexual well-being, and aggressive social marketing initiatives by various Government and non-Government organizations.
Asia, which includes countries in South, East and Southeast Asia along with Oceania, is the second largest region in terms of HIV prevalence worldwide with close to about 5.0 million HIV survivors. Backed by strong growth in China, India, Thailand, Malaysia, Vietnam, and others, condoms market in Asia is primed to expand at the highest CAGR of over 9.0% through 2018 in terms of volume sales. By product segment, Male Condoms continues to be the largest segment in almost all the regional markets, expect for Latin America where female condoms have the highest share. Demand for female condoms is growing rapidly, driven largely by growing incidence of sexually transmitted infections and AIDS among women.
Major players in the marketplace include Ansell Limited, Condomi Health International GmbH, Church & Dwight Co. Inc., HLL Lifecare Limited, Karex Industries Sdn Bhd., The Female Health Company, Fuji Latex Co., Ltd., Okamoto Industries, and Reckitt Benckiser Group Plc.
The research report titled "Condoms: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, product introductions/innovations and profiles of major companies worldwide. The report provides market estimates and projections in value (US$ million) and volume (million units) for product segments including Male Condoms and Female Condoms across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific, Latin America (Brazil and Rest of Latin America), and Rest of World.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/