Condom Market Size Worth $15.1 Billion By 2026

The global condom market size is expected to reach USD 15.1 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.5% over the forecast period. Launch of new products and innovative packaging & promotional activities by international & local brands are expected to boost the market during the forecast period.

For instance, in November 2018, Reckitt Benckiser’s Durex brand introduced a new label “Feels” in South Africa. This range was made available at a lower cost as compared to other products offered by the company. Feels is sold at USD 0.71 in a pack of three, whereas Durex Fetherlite is sold at USD 2.83.This was a strategic move by the company to gain a higher share of the South African market, as public health organizations offer condoms free of cost in the country.

Social media plays a significant role in creating awareness about these products. Moreover, a condom is not only perceived as an economical method of contraception, but is also in demand as a product to improve sexual health. Variations in texture, flavor, and thickness of products available in the market help couples enhance their sexual experience.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/condom-market

Further key findings from the study suggest:

Latex condoms held the largest share in 2018 owing to safety and flexibility provided by natural rubber used to make condoms.
Currently, latex products have a higher market share as these can be used with lubricants and sex toys, which makes them the preferred choice of customers
In the product segment, male condoms held a significant share in 2018. However, there is substantial demand for female condoms in developed as well as developing nations
The e-commerce distribution channel is expected to exhibit fastest growth during the forecast period due to increasing adoption of Internet & social media platforms for promoting safe sex
On the basis of geography, Asia Pacific held the largest condom market share in 2018 and is expected to maintain its position during the forecast period
In April 2017, AIDS Healthcare Foundation (AHF) with the health ministry of India announced the country’s first free store under the name Love Condoms, as an initiative aimed at reducing HIV infections
African countries such as Nigeria have a high unmet need. According to the AHF, in 2019, Nigeria has a deficit of 564 million and offered to distribute 600,000 condoms across the country.
Some of the key players are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; Karex Berhad;Fujilatex Co., LTD.;LELO; LifeStyles Healthcare Pte Ltd.; Mayer laboratories, Inc.; Okamoto Industries, Inc.; Cupid Limited; andVeru, Inc.

Smart Mattress Market Size Worth $2.1 Billion By 2025

According to a recent report published by Grand View Research Inc., the rise in popularity of smart homes, availability of high-speed internet and rising concerns driven by sleep disorders is expected to drive the market growth for smart mattresses.

According to a report, “Smart Mattress Market Size, Share & Trends Analysis Report By Product (Innerspring, Latex, Memory Foam), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025”, the global market size is expected to reach USD 2.1 billion by 2025, registering a CAGR of 10.6%. Growth in millennial population, spending on SMART products, and availability of technology backed products are likely to impel the market growth in the forecast period.

Smart mattresses are designed to augment the amount of quality sleep and empower human health with good sleeping habits. A smart mattresses is highly equipped with digital technology that tracks and sends data about the amount of sleep a person is getting. Commercially, the growing penetration of smartphone devices and easy availability of internet, empowers, connected device technology is likely to encourage a huge market development. Also, there are various features and benefits associated upon using the smart mattress. For instance, innersprings accounted for a significant share in the past few years. On this backdrop, Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers.

Additionally, the growing concerns for back problems in the young population driven by incorrect sleeping postures are some of the key factors boosting the market growth. Also, continuous evolution in technology and high consumer awareness are adding to the market growth in the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market

Smart Mattress Market Report Highlights

North America held the largest smart mattress market share in the previous years and is expected to continue dominating in terms of revenue share. It is also driven by the presence of key players.
Innerspring accounted for a significant share of the total revenue in 2019, and is projected to exhibit a significant increase in the next few years. High demand and popularity of the product are some of the major growth factors.
The key players are constantly adopting R&D approach and investing heavily in the R&D initiatives to offer smart solution to overcome sleep disorders such as insomnia and sleep apnea
Availability of internet technologies and connected devices are likely to encourage the market growth in the coming years.

Smart Mattress Market Size Worth $2.1 Billion By 2025

The global smart mattress market size is expected to reach USD 2.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Factors such as growing popularity of smart homes, high-speed internet availability, increasing concerns over healthy sleep, and growing smartphone penetration are anticipated to drive the market.

Increasing R&D initiatives are boosting the growth of global market. Key manufacturers in the market are continuously investing in R&D activities to offer advanced mattress solutions and maintain a competitive edge over their competitors. These manufacturers are focusing on providing smart mattresses that emit fewer electromagnetic radiations and possess enhanced features. Some of the popular products are The Pod by Eight Sleep, Sleep IQ by Sleep Number, and RestBed.

Innerspring was the largest product segment with a share of 31.7% in 2018. Increasing cases of back problems associated with uncomfortable sleeping surfaces is the key factor boosting the growth of the segment. This, in turn, is driving the manufacturers to introduce advanced technology in this category. For instance, Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers. Mars is equipped with smart technology integrated to hybrid innersprings and foam.

In terms of value, North America dominated the global market with a share of more than 60.0% in 2018. This is due to growing penetration of smart devices, continuous technology evolution, rising consumer awareness with regards to sleep, and increasing investments in R&D in the region. Majority of the demand is generated by U.S., which contributed a revenue share of 84.4% in 2018.

Some of the major players operating in the global market are Sleep Number, Eight Sleep, Kingsdown, Responsive Surface Technology, Serta Simmons Bedding, Tempur Sealy International, Hilding Anders, Derucci, Recticel and Sleemon. Companies in this industry are majorly focused on product launch to retain the consumer base as well cater to their changing preferences. For instance, in February 2019, Eight Sleep launched a new biometric-monitoring smart mattress that features a dual thermostat, which can either keep the bed warm in winters or cool in summers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market

Further key findings from the report suggest:

North America held the largest smart mattress market share of more than 60.0% in 2018
Innerspring accounted for 31.7% share of the total revenue in 2018, and is projected to exhibit a significant increase in the next few years.