Market Overview:
The global disposable medical gloves market is projected to gain impetus from the increasing awareness about health and safety, especially after 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 14.03 billion by the end of 2027 from USD 5.95 billion in the year 2019. The forecast period is set between 2020 to 2027,and the market is expected to rise at a CAGR of 10.6%.
An Overview of the Impact of COVID-19 on this Market:
COVID-19 has 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 barely trying to generate meagre income.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 key developers and investors can accordingly chalk out plans for better revenue generation in the years to come.
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What is the Scope of the Report?
The report offers a 360-degree overview of this marketand discusses the factors promoting, demoting, obstructing, and bringing opportunities to the demand for disposable medical gloves. It also talks about the recent industry developments and current trends prevalent in the market. For more information on the market, please refer to the company website.
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Drivers & Restraints-
Covid-19 Pandemic Propelling Personal Hygiene to Boost Market
The increasing use of disposable gloves in the healthcare sector for personal health safety has propelled the medical gloves market. 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 the market growth. This, coupled with the increasing adoption of disposable gloves by various ends 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 the players to launch user-friendly disposable gloves made of different materials are likely to create lucrative business opportunities for the market in the coming years.
Segment
Hospitals and Clinics Sector Holding Highest Share Owing to TheirIncreasing Number
The global disposable medical gloves market is dominated by the hospitals and clinics segment with a 52.2% share. This is owing to the increasing number of private and public hospitals and clinics in developing countries such as India and China.
Regional Analysis-
North America Held Largest Share Owing to Stringent Health Regulations Imposed by Government on Personal Health and Safety
Geographically, North America earned USD 2.26 billion and emerged as the region with the highest disposable medical gloves market share in 2019,followed by Europe. This isattributable to thegrowing awareness about prevention of healthcare-related infections.The increasing demand for better quality polyisoprene medical gloves for surgical purpose is also adding a boost to the regional market growth.
On the other side, Asia Pacific marketwill emerge as the fastest-growing region 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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Competitive Landscape-
Companies Focusing on Launch of Allergy-free Gloves to Compete for Top Position
The global market for disposable medical gloves is consolidated on account of a few players holding major shares. The worldwide demand for rubber gloves is rising at a CAGR of 8 to 10% per year. Most of the Malaysian suppliers have a firm grip on the rubber glovesdemand and supply chain. Companies such as Hartlega 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. The other players are engaging in product expansion activities.They are therefore investing heavily on the development of allergy-free gloves and the alternative to powdered latex gloves for gaining a competitive position in the market.
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Major Industry Developments of the Marketfor Disposable Medical Gloves include:
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 disposable nitrile gloves.
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
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Author’s Bio
Name- Raginee Sarkar
Raginee currently works as a content writer at Fortune Business Insights™. She comes with extensive experience in writing advertising and marketing content, blogging, film scripting, and news reporting. She strongly believes in quality content and thus prefers to write in a simple, elegant, yet impactful way.
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