The Sexual Wellness Market is projected to reach US$ 81,394.49 million by 2028 from US$ 51,924.43 million in 2021; it is expected to grow at a CAGR of 6.6% from 2021 to 2028.
The developments in the sexual wellness market have been characterized as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as launches, expansion, enhancement as well as relocation. Inorganic growth strategies witnessed in the market were mergers acquisitions, partnership, collaborations, alliance, and agreement joint ventures. These activities have paved way for expansion of business and customer base of market players.
Based on non-pharmaceutical product, the sexual wellness market is segmented into sex toys, condoms, intrauterine devices, contraceptive implants, and others. The sex toys segment is projected to hold the largest share of the market in 2021. The market for this segment is expected to grow at the fastest CAGR during the forecast period.
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The COVID-19 pandemic has led to some life-changing interruptions in people’s lives, which have changed sexual priorities in such a way that even delimiting appropriate sexual wellbeing timeframes has become challenging. There might be resource constraints to monitoring that requires a multidimensional measure, and political resistance to giving prominence to sexual wellbeing alongside risk-focused outcomes.
The report segments the sexual wellness market as follows:
The sexual wellness market is segmented on the basis of pharmaceutical product, non-pharmaceutical product, and distribution channel. Based on pharmaceutical product, the market is segmented into capsules, tablets, oral liquids, and sprays. The market, based on non-pharmaceutical product, is segmented into sex toys, condoms, intrauterine devices, contraceptive implants, and others. The sexual wellness market, by distribution channel, the market is segmented into retail pharmacies, online distribution, and hospitals pharmacies.
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List of Companies
1. Reckitt Benckiser Group Plc
2. Lovehoney Group Ltd.
3. LELO
4. Topco Sales
5. Church Dwight, Inc.
6. TENGA Co., Ltd.
7. LIFESTYLES HEALTHCARE PTE LTD
8. FUN FACTORY GmbH
9. HLL Lifecare Limited
10. Bayer AG
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