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SexTech Market Size

Report ID: GMI9705
Published Date: May 2024
Report Format: PDF

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SexTech Market Size

Sextech Market size was valued at around USD 37 billion in 2023 and is estimated to grow at 16.8% CAGR from 2024 to 2032. Sextech, also known as sexual technology, refers to the broad category of technologies designed to enhance, innovate, or support human sexuality and sexual experiences. This encompasses a wide range of products and services. The aim of sextech is to improve sexual health, enhance sexual pleasure, and provide new ways for individuals and couples to connect and explore their sexuality.

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The advancements in the sextech devices is a significant driver for the sextech market. For instance, according to Springer Nature, in 2023, modern sextech devices incorporate advanced technologies such as AI, Bluetooth connectivity, and app control, which provide users with a more personalized and interactive experience. Further, bluetooth-enabled sex toys can be controlled remotely, offering convenience, and enhancing intimacy for long-distance partners?. Technological advancements allow for a higher degree of customization in sextech products. Users can tailor settings, modes, and features to their preferences, which increases satisfaction and user engagement. This level of personalization is particularly appealing to consumers seeking unique and tailored experiences?.

Furthermore, adoption of sex toys (market size is estimated to account for USD 50 billion by the end of year 2032), advancement in sexual health testing, increasing use of sexual health supplements, government initiatives and funding, and increasing education & awareness, are the supporting factors strengthening the growth of the market.

SexTech Market Report Attributes
Report Attribute	Details
Base Year:	2023
SexTech Market Size in 2023:	USD 37 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	16.8%
2032 Value Projection:	USD 144.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	110
Tables, Charts & Figures:	183
Segments covered:	Product Type, Distribution Channel, and Region
Growth Drivers:	Advancements in the sextech devices High demand of sexual wellness products Increasing per capita income
Pitfalls & Challenges:	Restrictive regulations on sextech products advertisements Lack of public acceptance in emerging markets

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Sextech market size was valued at USD 37 billion in 2023 and is estimated to grow at 16.8% CAGR from 2024 to 2032, owing to the increasing per capita incomes.

The bluetooth-enabled sex toys segment in the market will generate USD 55.2 billion by 2032, as Bluetooth connectivity allows users to control the sex toy remotely via smartphone apps or other devices.

U.S. sextech market is anticipated to grow at 16.4% CAGR during 2024-2032, attributed to liberal attitude towards sexuality and a greater acceptance of sexual products and services.

Fleshlight, Intimate Devices, Intimate Solutions, Kiiroo, Lelo, Love Technology, Lovense, MysteryVibe, OhMiBod, Passionate Tech,Pleasure Innovations, Pleasure Tech Co., Satisfyer, Sensual Creations, and We-Vibe.