Global Sextech and Sexual Wellness Market was valued at US$ 490 Million in 2022 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 to grow a valuation of CAGR of 18.7% from 2022 to 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.
The US to Command the Larger Proportion of Sextech and Sexual Wellness Market throughout the Analysis Period
The U.S. commands 29% of the market share and is expected to keep that position intact with an absolute opportunity growth of US$ 821 Million to reach a valuation of US$ 650.1 Million by 2032. Owing to the rapidly increasing cases of sexually transmitted infections (STIs), the Sextech and Sexual Wellness market is likely to be benefitted in the region
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“The surge in awareness regarding sexual wellness and safe sex practices have significant potential to emerge as a key market driver during the forecast period for the Sextech and Sexual Wellness market.”
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 Enjoy.
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 vibrators 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 to go through sexual wellness products.
- In June 2022, Reckitt Benckiser Group Plc., officially collaborated with Amazon Advertising for testing, identify, and enhance their brand reach and consumer portfolio. Additionally, they have also partnered with Amazon Business to avail of 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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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Sextech and Sexual Wellness Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Sextech and Sexual Wellness Market in terms of Product (VR Porn, Bluetooth Enabled Sex Toys, Pornography Video Scripting, Remote Sex Interfaces, Sex Robots), Distribution Channel (Specialty Stores, Direct Sales, and Online Stores), By End User (Men, Women, and LGBT Community), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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
- Asia Pacific
- Europe
- The Middle East and Africa (MEA)
- Latin America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 based on Source, Application, Sales Channel, and End Use over the next 10-years.
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