Global female condom market is expected to grow
According to Technavio’s latest report, the global female condom market is expected to grow at a CAGR of just about 9% during the forecast period.
The rise in importance of family planning is one of the key driving factors for the global female condom market. Social media and the governments raise awareness about family planning and its effort has become successful, leading to increased adoption of female condoms.
The research segments the global female condom market into the following regions:Americas, EMEA, APAC. Americas at the top of the global female condom market for the high levels of awareness among the consumers. South American market, particularly in Brazil, have the high demand for female contraceptive devices. Because of an increase in family planning initiatives and rise in unplanned pregnancies.
France, Germany, Spain and Hungary are some of the widest adopters of female condom. Venders are increasingly expanding their presence in other regions of Europe. So more and more consumers plan to choose it as protection.
APAC is the fastest growing segment of female condom market. Many women opt to delay pregnancy in order to focus on their careers.
Female condom has a very big potential market. More and more people realize this female condom and would like to choose this, and South American and African government always purchase huge quantity female condom for freely supply to communities.
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