The Sextech and Sexual Wellness Market was valued at US$ 400 Million in 2021 and is expected to reach US$ 2.8 billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report women segment by end-user will remain pivotal for the market as the bulk of revenue will be generated through this category.
It is projected that the women segment by end-user will account for a CAGR of 18.9% during 2022 – 2032. The increasing awareness regarding sexual wellness and the surge in the cases of sexually transmitted diseases (STDs) is an advantageous attribute for the Global Sextech and Sexual Wellness Market.
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The US to Command the Larger Proportion of Sextech and Sexual Wellness Market throughout the Analysis Period
Sextech and Sexual Wellness Market: Competition Insights
Currently, Sextech and Sexual Wellness manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand. The key companies operating in the Sextech and Sexual Wellness market include Aireal, Alphabet, Apple, Atheer, Facebook, SkiiMoo Tech, Coral, MyMuse, Giddy, Erika’s Confession App, Dame, Revaginate, Handi, Maude, Perfect V, Fur, Lovehoney Group, Doc Johnson Enterprises, Reckitt Benckiser Group Plc., HLL Lifecare Ltd., Karex Berhad, TENGA Co. Ltd., By Adam & Eve Stores, LifeStyles, BioFilm Inc., Bijoux Indiscrets, Intimate Organic, FUJI LATEX Co. Ltd., and Emjoy.
The key recent developments of Sextech and Sexual Wellness manufacturers are as follows:
- In July 2022, ‘It’s A Match’, one of its kind liquid vibrator was launched by Bijoux Indiscrets aiming toward female sexual wellness.
- In July 2022, Lovehoney Group launched a virtual sexual wellness space in the Metaverse. The rationale behind its launch is the availability of a safe, personal and private space for consumers in order to go through sexual wellness products.
- In June 2022, Reckitt Benckiser Group Plc., officially collaborated with Amazon Advertising for testing, identifying, and enhancing their brand reach and consumer portfolio. Additionally, they have also partnered with Amazon Business in order to avail its website and e-commerce portfolio to further its consumer reach.
- In June 2022, TENGA Co. Ltd. announced the launch of the new lineup of SD CUPs and the renewal of its existing U.S. CUPs with enhancements and additional features for further customer satisfaction and convenience.
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Key Segments Covered In Market Survey
The Sextech and Sexual Wellness Market are segmented based on distribution channel, end user, and region.
By Product:
- VR Porn
- Bluetooth Enabled Sex Toys
- Pornography Video Scripting
- Remote Sex Interfaces
- Sex Robots
By Distribution Channel:
- Specialty Stores
- Direct Sales
- Online Stores
By End User:
- Men
- Women
- LGBT Community
By Region:
- North America
- The US
- Canada
- Asia Pacific
- China
- Japan
- South Korea
- India
- Europe
- Germany
- UK
- France
- Russia
- Italy
- The Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Nigeria
- Egypt
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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