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Disposable Medical Gloves Market to Reach USD 11.52 Billion by 2027; Increasing Demand from End-user Industries to Bolster Growth, says Fortune Business Insights™

Pune, India, Jan. 20, 2021 (GLOBE NEWSWIRE) -- The global disposable medical gloves market size is projected to reach USD 11.52 billion by 2027, exhibiting a CAGR of -0.19% during the forecast period. The market is expected to gain impetus from the increasing awareness about health and safety, especially amid the COVID-19 pandemic. Medical gloves or disposable gloves are used by medical practitioners during surgical or examining procedures.

A recent report by Fortune Business Insights titled, “Disposable Medical Gloves Market Size, Share & COVID-19 Impact Analysis, By Application (Surgical and Examination), By Material (Latex and Synthetic), By Category (Powdered and Powder-free) End User (Hospitals & Clinics, Diagnostic/Pathology Labs, and Others), and Regional Forecast 2020-2027,” states that the market will hit USD 11.52 billion by the end of 2027 from USD 5.98 billion in the year 2019. The forecast period is set between 2020 and 2027, and the market is expected to rise at a CAGR of -0.19%, a negative growth rate, reflecting strong growth in the year 2020 due to the COVID-19 impact.


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Growing Awareness about Personal Hygiene amid Covid-19 to Propel the Market
               
The increasing use of disposable gloves in the healthcare sector for personal health safety has propelled the medical gloves market growth. Additionally, the outbreak of several epidemics, especially the current COVID-19 pandemic and its emerging health threats, has further increased the demand for disposable medical gloves from both the general public and healthcare professionals, thereby boosting market growth. This, coupled with the increasing adoption of disposable gloves by various end-user industries such as beauty and skincare, food and beverage industry, and others, will also add impetus to the market in the coming years.

On the flip side, long-term exposure to medical gloves may result in skin rashes, irritation, itchiness, and other skin issues, thereby hampering the market in the coming years. Nevertheless, increasing efforts by market players to launch user-friendly disposable gloves made from different materials are likely to create lucrative business opportunities for the market in the coming years.

COVID-19 has had a significant impact on both the healthcare sector and the world economy. Most of the industries are temporarily shut, and the ones that are operating from homes are generating meager revenues. We hope to soon overcome this difficult time with government support. Fortune Business Insights is offering special reports on various markets impacted by the COVID-19 pandemic. These reports provide insights into the current scenario of the specific markets so that developers and investors can accordingly chalk out plans for better revenue generation in the years to come.


Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/disposable-medical-gloves-market-101484


Increasing Number of Hospitals and Clinics to Aid Growth

The global disposable medical gloves market is dominated by the hospitals and clinics segment with a 49.1% share. This is owing to the increasing number of private and public hospitals and clinics in developing countries such as India and China.

North America Held Largest Share Backed by Stringent Health & Safety Regulations

Geographically, North America generated USD 2.68 billion in revenue and emerged as the region with the highest disposable medical gloves market share in 2019, followed by Europe. This is attributable to the growing awareness about prevention of healthcare-related infections. The increasing demand for better quality polyisoprene medical gloves for surgical purposes is also giving a boost to the regional market growth.

On the other hand, Asia Pacific will emerge as the fastest-growing region in the market on account of the increasing adoption of nitrile gloves for medical examination procedures. This is further attributable to the decline in the cost of nitrile gloves and their puncture-resistance features. Furthermore, the market in the Middle East and Africa is expected to rise significantly in the coming years on account of the rising medical awareness and expenditure on infrastructural development.


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Companies to Focus on Launching Allergy-free Gloves to Compete for Top Position

The global market for disposable medical gloves is consolidated on account of a few players holding the majority shares. Most of the Malaysian suppliers have a firm grip on the rubber gloves demand and supply chain. Companies such as Hartalega Holdings Bhd., Top Glove Corporation, and others are holding about 63% or more of the rubber gloves supply chain on account of the availability of natural rubber latex in the Malaysian region.

On the other side, Molnlycke Health Care AB, Cardinal Health, and Ansell are the leading players dealing in surgical gloves. These players are engaging in product expansion activities. They are therefore investing heavily in developing allergy-free gloves and alternatives to powdered latex gloves for gaining a competitive position in the market.


Industry Development:

June 2019 – A new medical glove was launched by Top Glove Corporation Bhd called the BioGreen Biodegradable Nitrile Gloves. They are environment-friendly in nature and are powder-free, thereby serving as a safer version of the company’s disposable nitrile gloves.


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Some of the Key Players of this Market include:

  • Kossan Rubber Industries Bhd (Selangor, Malaysia)
  • Halyard Health (Georgia, United States)
  • Ansell Ltd (Richmond, Australia)
  • KANAM LATEX INDUSTRIES PVT LTD (Kerala, India)
  • Top Glove Corporation Bhd (Shah Alam, Malaysia)
  • Elite Surgical
  • Hartalega Holdings Bhd (Kuala Lumpur, Malaysia)
  • Dynarex Corporation (New York, United States)
  • Mölnlycke Health Care AB (Gothenburg, Sweden)
  • Cardinal Health (Ohio, United States)
  • Others


Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Overview of Latex Allergy- Key Country/Region
    • Price Trend Analysis
    • Healthcare Industry Overview-Key Country/Region-
    • Key Industry Developments (Mergers, Acquisitions, Partnerships, New Product Launches, etc.)
    • Impact of COVID-19 on Global Disposable Medical Gloves Market
  • Global Disposable Medical Gloves Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Surgical
      • Examination
    • Market Analysis, Insights and Forecast – By Material
      • Latex
      • Synthetic
        • Nitrile
        • Neoprene
        • Polyisoprene
        • Others
    • Market Analysis, Insights and Forecast – By Category
      • Powdered
      • Powder-free
    • Market Analysis, Insights and Forecast – By End-user
      • Hospitals & Clinics
      • Diagnostic/Pathology Labs
      • Dental Clinics
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa


TOC Continued….!


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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
  • Market & technological trends, new product developments, product pipeline.


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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


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