India Condom Market is Being Fueled by High Demand Through Online Channels During the Forecast Period
The rising health-related
awareness, rising government initiatives, and growing awareness of condoms in
urban areas of the country are driving the India condom market.
According to TechSci Research report, “India Condom Market”- By
Region, Competition Forecast and Opportunities, 2018-2028F”,The India condom market is witnessing high
growth, owing to the increasing initiatives by the government to promote
awareness about condoms in the country. Moreover, the rising availability of
different brands on online channels and increasing demand from urban cities are
further boosting the market of condoms in India.
The India condom market
expansion is being driven by increasing awareness of sexually transmitted
diseases due to government initiatives and extensive sex education programs.
The use of condoms is encouraged by many regional governments as a means of
preventing unplanned pregnancies and HIV/AIDS.
Free condoms are
obtained by the Ministry of Health and Family Welfare in India and supplied to
high-risk groups (HRGs) by NACO/SACS through TI NGOs/ICTC/ART facilities to
prevent HIV/AIDS. The initiative concentrates on the areas with high rates of
pregnancies and prevalence, with a strong emphasis on condom accessibility in
HRG locations, which are vulnerable population-intensive areas.
The coronavirus outbreak
caused dread in consumers, which changed their purchasing habits. As the
dangerous virus continues to spread over the world, buyers stocked up on
necessities. People have been stocking up on food and sanitary items as a
result of the lockdown that has been imposed on public spaces like gyms, parks,
and theatres until the end of this month and the fact that many corporations
permit working from home. However, the exponential growth in condom sales has
revealed a different kind of pattern. During the lockdown, sales increased by
between 25% and 50% at many retailers.
Male condoms have a 98%
success rate in preventing pregnancy and STDs, including HIV, when utilized
appropriately. The United Nations Programme on HIV/AIDS (UNAIDS) claims that
regular and appropriate condom usage offers reliable protection against
unintended pregnancies and STDs. The World Health Organization (WHO) and the
Center for Disease Control and Prevention (CDC), two international and federal
healthcare organizations, are important players in promoting condom use for
safe sex. As a result, sexually active couples have used condoms more
frequently.
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The India condom market is
segmented on the basis of gender, type, distribution channel and region. Based
on gender, the market is divided into male and female. On the basis of type,
the market is fragmented into latex and non-latex. Based on distribution
channel, the market is divided into supermarkets/ hypermarkets, convenience
stores, drug stores/ pharmacy, vending machines, and online. Further, on the
basis of region, the market is segmented into North, South, East, and West.
Since latex condoms are more
flexible and durable than other types, they have dominated the condom market in
India. Latex condoms are also more readily available. Since latex condoms are
by far the most readily accessible kind, they are frequently chosen as the
initial option. These condoms are made of natural rubber called latex, which is
obtained from rubber plants. Due to its ability to stretch up to 800% without
breaking and accommodating a range of sizes without running the danger of
breaking, latex is a material with tremendous flexibility. These condoms are
particularly strong and safe due to their flexibility.
Major operating companies
operating in the India condom market are:
- Mankind Pharma
Ltd.
- HLL Lifecare
Limited
- Reckitt Benckiser
(India) Ltd.
- TTK Protective
Devices Limited
- Cupid Limited
- Raymond Ltd.
- Suretex
Prophylactics (India) Limited (Suretex Ltd.)
- Alkem
Laboratories Ltd.
- Mercator
Healthcare Limited
- Indus Medicare
Limited
The male condom
segment dominated the Indian condom market, owing to their availability on
different platforms. Moreover, male condoms are less in price compared with
female condoms, and if used properly, female condoms function almost as well as
male condoms. They are around 95% successful, which implies that if 100 women
use them correctly each time, 5 of them will become pregnant within a year. In contrast,
male condoms have 98% of success rates in providing safer sex and transmission
of sexually transmitted disease.
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“The market for condoms
in India is being driven by rising government initiatives to promote the use of
condoms in India such as the distribution of free condoms to consumers.
Moreover, the rising demand through online channels and the growing popularity
of condoms in urban cities is further accelerating the condom market in India.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
India Condom Market By Gender
(Male & Female), By Type (Latex & Non-Latex), By Distribution Channel
(Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacy, Vending
Machines, Online), By Region, Competition, Forecast & Opportunities,
2018-2028F, has
evaluated the future growth potential of India condom market and provides
statistics & information on market size, structure, and future market
growth. the report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the condom market in India.
Contact
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