U.S. Sexual Wellness Market To Witness Growth Rapidly Due To Growing Global Prevalence Of Sexually Transmitted Diseases Till 2025: Grand View Research, Inc.
The U.S. sexual wellness market is expected to reach USD 8.8 billion by 2025, based on a new report by Grand View Research, Inc. Government is undertaking initiatives to create awareness and promote the use of contraceptives in the younger generation to control the rising prevalence of STDs. The U.S. federal policy has taken measures to increase the availability of contraceptives and has made their coverage through health insurance companies mandatory. Thus, the growing awareness about STDs amongst the youth is expected to drive the market over the forecast period. Erectile dysfunction deteriorates the sexual lives of the middle-aged population and they depend on lubricants to aid the process. Currently, almost 30 million men suffer from erectile dysfunction in the U.S. alone. This gives an insight into the potential opportunities and the huge scope of growth present in the lubricant market over the forecast period. The existing players are strengthening ...