The global vaginal applicators market is projected to amass a valuation of US$ 8.56 billion by 2032, with sales growing at a moderate CAGR of 5.5% from 2022 to 2032. Valued at US$ 4.75 billion in 2021, the target market rose to US$ 5.01 billion in 2022. This growth can be attributed to increasing cases of vaginal infections along with the ease of use, safety, effectiveness, and functional attractiveness of vaginal applicators. Further, the growing purchasing power of consumers also aids the growth of the vaginal applicators market during the forecast period.
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Vaginal applicators were initially designed to deliver contraceptives. These were disposable devices with a prefilled reservoir sealed with removable membranes, and a distributor with multiple perforations to uniformly disperse the gel formulation. Vaginal applicators were designed to ensure safety, improve compliance, and increase patient adherence.
The growing awareness of menstrual hygiene among women and rising female participation in the workforce is positively impacting the sales of vaginal applicators. In addition, many countries are focusing on programs that promote menstrual hygiene which will likely foster growth for the market. The surging awareness of vaginal care and initiatives by governmental organizations and manufacturers alike will facilitate the growth of the vaginal applicators market. Social media, too, plays an active role in creating awareness about female hygiene which spurs the demand for vaginal applicators.
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Factors like the increasing prevalence of vaginal infections, growing population, the rapid development of pharmaceutical industry, rising awareness of feminine hygiene, and increasing awareness of harmful chemicals in these products which prompts manufacturers to engage in product innovation are expected to fuel the growth of the vaginal applicators market. The surge in disposable income of the middle-class population also contributes, indirectly, to the expansion of the vaginal applicators market size. Furthermore, the ease of use, safety, efficacy, and functional appeal of these vaginal applicators are considerations that will likely spearhead the growth of the market.
Key Takeaways:
- Increasing purchasing power in the Asia Pacific is expected to drive the growth of the vaginal applicator market in the region during 2022 and 2032.
- Growing population and increasing cases of vaginal infections will supplement the growth of the vaginal applicators market in the US and Germany.
- The vaginal applicators market in China and India will undergo substantial growth due to the expanding pharmaceutical sector.
- GCC countries and North Africa will register a high growth rate during the assessment period owing to the surging awareness about female hygiene.
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Competitive Landscape
Beyon devices, Union Plastic S.A, SRC, HTI Plastics, Ningbo Suncity, and Tekpak among others are some of the major players in the vaginal applicators market profiled in the full version of the report.
Leading market players are focusing on product development and innovation. These organizations also engage in initiatives and programs regarding awareness of female hygiene. These market participants also employ organic and inorganic business strategies to enhance their market position.
More Insights into Vaginal Applicators Market
In its latest report, FMI offers an unbiased analysis of the global vaginal applicators market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (reusable, disposable), capacity (1 gm, 2 gm, 3 gm, 4 gm, above 4 gm), applications (gels, creams, liquids, tablets), and region.
According to the latest FMI reports, based on segmentation, the reusable product type is gaining traction owing to the prevailing sustainability drives. This category will significantly contribute to the overall market growth.
Based on region, the vaginal applicators market in the Asia Pacific region will present substantial growth. The rising disposable income of the middle class, rapidly developing pharmaceutical sector, rising awareness of female hygiene, and increasing government support propels the vaginal applicator market forward in these regions. Countries like India and China will considerably to the overall market growth. The growing population and increasing cases of vaginal infections are expected to facilitate the growth of the vaginal applicators market in North American and European countries. Additionally, GCC countries and North Africa will also demonstrate strong growth in the vaginal applicators market during the forecast period.
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