Global Sexual Wellness Market Review 2018-2023 and Forecast 2024-2029 by Product Type, End-user, Distribution Channel and Region
Dublin, May 01, 2024 (GLOBE NEWSWIRE) -- The "Global Sexual Wellness Market Overview, 2024-29" report has been added to * ResearchAndMarkets.com's* offering.
The global sexual wellness market is anticipated to reach new heights as it is expected to exceed USD 90 billion by the end of 2029, growing from its current value of USD 61.18 billion in 2023. With a projected 7.41% CAGR for the period of 2024-2029, this upward trajectory highlights the increasing consumer focus on sexual health as a vital component of overall well-being and the broader acceptance of diverse sexual preferences and identities.
Key drivers motivating this flourishing market include shifting societal norms which are fostering a more comprehensive and educated understanding of sexual wellness as a legitimate aspect of healthful living. Advancements in technology have also augmented the accessibility and appeal of sexual wellness products and services, paving the way for new opportunities and experiences within the market.
Despite its robust growth, the sexual wellness market navigates concerns surrounding cultural sensitivity and accessibility. Yet, there remain bountiful opportunities for innovation, particularly in the realms of personalisation and the ever-emerging health and wellness sector integration. These burgeoning trends are set to further catalyse market dynamics, as products and services align closely with individualized consumer desires and comprehensive health frameworks.
*Feminine Focus and Product Accessibility*
The importance placed on female contraceptives underscores the emphasis on empowering women to take charge of their sexual and reproductive health. The ease of access to these products, particularly through retail pharmacies, further reinforces the market’s significant growth. Leveraging the convenience of retail pharmacies and the guidance of healthcare professionals exemplifies the market's response to consumer needs for trusted and convenient access to sexual wellness products.
*Regional Contributions and Competitive Landscape*
Regionally, the Asia Pacific market demonstrates considerable contribution to the industry, marked by cultural shifts and economic growth leading to higher discretionary spending. The competitive arena is driven by an emphasis on innovation, inclusivity, privacy, and brand reputation, as companies strive to meet the diverse and evolving needs of consumers globally.
*Recent Industry Developments*
The market has witnessed several recent advancements including the launch of new products aimed at enhancing user experience, increased accessibility to innovative technologies such as virtual reality for sexual exploration, and initiatives to engage with broader audiences through inclusive and sensitive marketing campaigns.
*Companies Profiled*
· Reckitt Benckiser Group plc
· Bayer AG
· The Cooper Companies, Inc.
· Church & Dwight Co. Inc.
· Okamoto Industries Inc.
· LifeStyles Healthcare
· LELO
· Karex Berhad
· Doc Johnson Enterprises
· Mankind Pharma Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ctkny5
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900