Drastic Change in Condom Market to Reach USD 10.97 Billion by year 2028
The global condom market size is expected to reach USD 10.97 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market, states Fortune Business Insights, in a report titled, “Condom Market, 2021-2028.” The market size stood at USD 5.31 billion in 2020.
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Contraceptive Devices Market is set to Witness Huge Demand at a CAGR of 6.50% during the Forecast Period 2029
Data Bridge Market Research analyses that the Contraceptive Devices Market was valued at USD 9023.02 million in 2021 and is further estimated to reach USD 14933.06 million by 2029, and is expected to grow at a CAGR of 6.50% during the forecast period of 2022 to 2029.
Contraceptive devices include medical devices, medicines, and surgical treatments that are used to prevent pregnancy. It also works to keep sexually transmitted illnesses at bay (STDs). It might be temporary or permanent, and both men and women could benefit from it. Sterilization for men and women is a permanent procedure, whereas hormonal and non-hormonal procedures are only temporary.
According to the World Health Organization, roughly 214 million women of reproductive age in developing countries wished to prevent pregnancy in July 2020. According to the same report, nearly half of all