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Market Research Report

Global Custom Fit Condom Market: Industry Analysis, Latest Trends, Demand, Overview, Strategy and Opportunity, & Market Forecast 2017-2025

Published On : 2018-07-10 Report Page : 280 Category: Consumer Retail

Global Custom Fit Condom Market Outlook 2017-2025

Market Overview

The FDA regulates condoms, considering them to be a medical device. According to the Food and Drug Administration, the condoms are required to be at least 6.69 inches long, even though the length of the average erect penis is 5.57 inches long. For instance, MyONE Perfect Fit is inventing a custom-fit condom order condoms specifically made for size of the users and offers combinations of 10 lengths and 9 widths, with sizes both smaller and larger than what has previously been available to customers where consumers can either enter their own measurements online, get a size recommendation based on past condom use or print out the company’s FitKit, which forgoes inches and centimeters for measurements by letters. According to the study, even with lots of “choices” on the market, a condom does not fit nearly 50% of men. The global custom fit condom market is expected to grow at a CAGR of 8.12% over the forecast period.

Sexually transmitted infection (STI) continues to spread like wildfire with 1 million cases worldwide every day and the presence of untreated STI increases the odds of HIV acquisition leading to AIDS transmission by up to 10 times. Resistance to AIDS drugs has been observed over the years thus, condoms will continue to play its essential role in preventing STI and HIV transmissions and average condom usage of 4.9 condoms per person each year i.e. fairly low usage rate, signifying ample room for demand growth of this market. In addition, the proliferation of the internet is making online stores the fastest-growing distribution channel in the global custom fit condom market. The paucity of funds due to the cultural taboo factor and ambiguous legal issues, investors stall to invade into the industry which also makes it tough to sustain and bloom the business in such a compact market. In addition, lack of sex-positive education and awareness is one of the biggest challenges condom companies face in the market.

Global Custom Fit Condom Market Outlook Segmentation

By Material

  • Latex
  • Non-latex
  • Polyurethane
  • Polyisoprene
  • Nitril
  • Lambskin

In 2017, the latex segment dominated the market both in terms of revenue and unit shipment owing to fact that 90% of all the condoms manufactured are latex and its outstanding elasticity properties. Non-latex types are also gaining popularity on the account of a good alternative for the people who are allergic to latex.  

By Distribution Channel

  • Retail
    • Specialty Stores
    • Hypermarkets & Supermarkets
    • Drug Stores
    • Grocery Stores
  • Online

Online websites are the fastest-growing distribution channel but the retail channel will still have the highest market share in the Global Custom Fit Condom market and growth in online sales is projected to increase by over 8.5% year on year. For instance, prominent retailers such as Sear's, Wal-Mart, Tesco, and Sainsbury’s are focusing on offering different products through their online channels to gain a larger market share.

By Manufacturing Type

  • OEM (Original Equipment Manufacturing)
  • OBM (Own Brand Manufacturing)

OBM products deliver better margins than original equipment manufacturer (OEM) products; however, OEM’s dominated the market in 2017. With the recent proposed move of acquiring Global Protection Corp (GP), the leading distributor of ONE brand condom, Karex is poised for a strong growth in the own brand manufacturing (OBM) segment.

By End User

  • Consumer
  • Institutional (Government, Non-Government)

Consumer held the largest market share in 2017 and tends to grow at the substantial rate in the forecast period. Institutional buyers such as USAID, UNFPA, Bill & Melinda Gates Foundation, and PSI are important growth boosters for the market in North America.

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)} Condom Market
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)} Condom Market
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)} Condom Market
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} Condom Market
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} Condom Market
  • Rest of the World {Market Share (%), Market Size (USD Billion))} Condom Market

North America acquires the major share in global custom fit condom market in 2017 with more than 47% of the market share in terms of revenue and shipment followed by Europe owing to the presence of the players. The market is witnessing a high growth in regional markets such as India, China, Japan, and South Korea and an increase in the popularity of innovative condom are also gaining popularity among end-users.

Covered In This Global Custom Fit Condom Market Report

The report covers the present ground scenario and the future growth prospects of the facility management market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players worldwide. Global Custom Fit Condom Industry Research is forecasted on the basis of revenue analysis, product benchmarking, and strategic developments of key market players.

Global Custom Fit Condom Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Diabetes Management Devices market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Custom Fit Condom Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our Global Custom Fit Condom Market Outlook Report comprises of the following companies as the key players: myONE Perfect Fit, Polyurethane condom manufacturer, MANGOCONDOM.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Custom Fit Condom Market Outlook Report

  • What is the total market size by 2025 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

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  • Position yourself to gain the maximum advantage of the Condom Market’s growth potential
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  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the pharmaceutical industry
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

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Global Custom Fit Condom Market: Industry Analysis, Latest Trends, Demand, Overview, Strategy and Opportunity, & Market Forecast 2017-2025

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