Sexual Wellness Market to Witness 4.7% CAGR by 2031 | SkyQuest Technology

Strong Growth Ahead: Sexual Wellness Market Projected to Reach $29.75 Billion by 2031, Expanding at a CAGR of 4.7% from $21.57 Billion in 2023

Westford, USA, Oct. 03, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Sexual Wellness Market will attain the value of USD 29.75 Billion by 2031, with a CAGR of 4.7% during the forecast period (2024-2031). The sexual wellness market is witnessing phenomenal growth driven by increasing availability of sexual wellness products, increasing prevalence and acceptance of sexual health problems and changing public perceptions and increasing cultural changes primarily drives the market. There is also a strong focus on sexual health. However, factors such as the presence of huge socio-cultural biases, advertising restrictions, stringent legal challenges and regulation of marketing and sale of goods have restrained the market. 

Browse in-depth TOC on ” Sexual Wellness Market ”   

• Pages – 157 

• Tables – 37 

• Figures – 74 

Explore Comprehensive Insights into The Sexual Wellness Market with A Detailed Sample Report: https://www.skyquestt.com/sample-request/sexual-wellness-market

Sexual Wellness Market Overview:  

Sexual Wellness Market Segmental Analysis

Global Sexual Wellness Market is segmented on the basis of product, distribution channel, and region.

By Product, the market is segmented into Sex Toys, Condoms, and Personal Lubricants.

By Distribution Channel, the market is segmented into E-commerce, Retailers, and Mass Merchandisers. 

By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Sex Toys Segment to Dominate Due to Increasing Consumer Education 

The sex toys segment held significant market share in the recent years and is expected to maintain its leading position during the forecast period owing to increasing adoption, wide range of products available in the market and increasing consumer education. This has essentially reduced stigma and encouraged customers to buy. Today, the market is filled with products, including inclusive and innovative sexual wellness products to meet the growing needs of consumers according to their moods and preferences. Heightened awareness of both sexual pleasure and well-being also influences phase development. 

Ask for Free Customization: https://www.skyquestt.com/speak-with-analyst/sexual-wellness-market

Retailers Segment to Drive Market Due to Better In-store Experience 

The retailer’s segment will hold a remarkable market share in the coming years owing to the better in-store experience, consumers’ trust for different brands, easy availability, and supportive sales staff. Consumers are more driven to buy goods that have an established market presence, thus improving their confidence in product safety and quality. Buyers can also access products at the same time without need to wait for shipping and delivery to their doorstep. Segmental growth is also impacted by supportive staff that also helps consumers in buying the right product. 

North America is Dominating Due to High Cultural Recognition 

North America dominated the market in recent years and is expected to lead the forecast period owing to high cultural recognition, strong e-commerce infrastructure, diversity of products and health awareness. The region is more open to talking about sexual well-being and health. A strong e-commerce presence helps consumers to easily get the products they need at their fingertips. Regional growth also influences the availability of various products such as wellness supplements, lubricants, sex toys, and among others. Increased awareness of sexual health among residents is also influencing the development of the region. Key players mentioned in this category include Lifestyles Healthcare, Church & Dwight, Eli Lilly & Company, Lovehoney Group, Cooper Surgical Inc., and others. 

Drivers  

• Growing Awareness of Sexual Health 

• Rise in E-commerce  

• Rise in Online Retailing 

Restraints  

• Social Stigma and Cultural Barriers 

• Regulatory and Legal Challenges 

• Strict Regulatory Frameworks and Complex Legal Guidelines 

Prominent Players in Sexual Wellness Market   

• LifeStyles Healthcare (United States)
• Church & Dwight (United States)
• Doc Johnson Enterprises (United States)
• Lovehoney Group (United States)
• Veru Inc. (United States)
• AdvaCare Pharma (United States)
• CooperSurgical Inc. (United States)
• Eli Lilly and Company (United States)
• Endo International plc (United States)
• Pfizer Inc. (United States)
• TherapeuticsMD, Inc. (United States)
• Reckitt Benckiser Group plc (United Kingdom)
• LELO (Netherlands)
• Okamoto Industries Inc. (Japan)
• Karex Berhad (Malaysia)
• Humanwell Group (China)
• Mankind Pharma (India)
• Bayer AG (Germany)
• Besins Healthcare (France)
• KESSEL medintim GmbH (Germany)
• Organon (Netherlands)

Take Action Now: Secure Your Sexual Wellness Market Today – https://www.skyquestt.com/buy-now/sexual-wellness-market  

Key Questions Answered in Sexual Wellness Market Report  

• How big is the global Sexual Wellness Market?  

• What are the key restraints of the global Sexual Wellness Market size?  

• Which is the dominating region in the global Sexual Wellness Market?  

This report provides the following insights:  

Analysis of key drivers (growing awareness of sexual health, rise in e-commerce, rise in online retailing), restraints (social stigma and cultural barriers, regulatory and legal challenges, strict regulatory frameworks and complex legal guidelines), opportunities (growing female consumer base, rising expansion into emerging markets) influencing the growth of Sexual Wellness Market.  

• Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Sexual Wellness Market.  

• Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Sexual Wellness Market.   

• Market Growth: Detailed information on profitable growing industries.   

• Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market.  

• Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players.  

Read Full Report – https://www.skyquestt.com/report/sexual-wellness-market

Related Reports:  

Women’s Health Devices Market is growing at a CAGR of 4.8% in the forecast period (2024-2031)

Corporate Wellness Market is growing at a CAGR of 4.47% in the forecast period (2024-2031)

Health and Wellness Market is growing at a CAGR of 8.8% in the forecast period (2024-2031)

Wellness Tourism Market is growing at a CAGR of 12.42% in the forecast period (2024-2031)

Brain Sensing Smart Headband Market is growing at a CAGR of 12.30% in the forecast period (2024-2031)

About Us:  

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.  

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.  

Contact Us:  

Mr. Jagraj Singh  

Skyquest Technology  

1 Apache Way,  

Westford,  

Massachusetts 01886  

USA (+1) 351-333-4748  

Email: sales@skyquestt.com  

Visit Our Website: https://www.skyquestt.com/