Europe Sexual Wellness Market to Show Incredible Growth by 2028 Covid-19 Analysis |FUN FACTORY GmbH, LELO

The Europe sexual wellness market is expected to grow from US$ 14,691.30 million in 2021 to US$ 22,432.32 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Europe consists of five major countries namely Germany, France, UK, Italy, and Spain. Germany led the Europe market in 2021. Germany is an attractive market due to its steady growth and innovative approach to healthcare. According to the Federal Statistical Office, health expenditure in Germany in 2019 amounted to 460.03 billion US dollars. In recent years, the topic of wellbeing has moved more into focus in politics and science, and civil society as a whole in Germany. Manufacturers' increasing focus on new product development and strategic collaborations to develop advanced sexual wellness products is expected to fuel market growth.

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The growing use of motors and batteries, preference for touch-based interfaces, virtual reality and artificial intelligence for response and control, and focus on the development of stretchable skins are among the approaches adopted by manufacturers to promote and enhance the performance of their sexual wellness products.

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Major Key players covered in this report:

• Bayer AG
• FUN FACTORY GmbH
• LELO
• LIFESTYLES HEALTHCARE PTE LTD
• Lovehoney Group Ltd.
• Reckitt Benckiser Group Plc
• TENGA Co., Ltd.

EUROPE SEXUAL WELLNESS MARKET SEGMENTATION

Europe Sexual Wellness Market, by Pharmaceutical Product

• Capsules
• Tablets
• Oral Liquids
• Sprays

Europe Sexual Wellness Market, by Non-Pharmaceutical Product

• Condoms
• Intrauterine Devices
• Contraceptive Implants
• Others

Europe Sexual Wellness Market, by Distribution Channel
• Retail Pharmacies
• Online Distribution
• Hospitals Pharmacies

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Countries in Europe, especially France, are highly affected due to the COVID-19 outbreak. EU and its member states are experiencing an economic and social crisis, in addition to the sanitary crisis; urges the Member States to consider the health impact of COVID-19 through a gender lens and to ensure the continuation of a full range of SRH services through the health systems in all circumstances, in line with international human rights standards; insists on countering any attempts to restrict SRHR during the pandemic and beyond; further calls on Member States to direct additional efforts and resources to rebuilding a health system which recognizes that SRHR are essential for the health and well-being of all persons.

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