Medical Gloves Market Growth Analysis, Current Status by Top Key Vendors and Trends Forecast to 2027
Research Reports
Dec 10, 2021
Medical gloves are used personal protective equipment during medical examinations or surgical procedures. They are used as a precautionary measure against the spread of infections and illnesses. The global medical gloves market report by Market Research Future (MRFR) takes a look at the improvements in such gears and its response to the COVID-19 pandemic. The report contains drivers, challenges, trends, opportunities, and threats for the period of 2020 to 2027 (forecast period).
The global medical gloves market size was estimated at USD 8,638.19 million in 2019 and is expected to reach USD 17,399.81 million by the end of 2027. It is predicted to grow at a CAGR of 8.73% over the forecast period.
It can face a huge demand during the forecast period owing to the outbreak of the COVID-19 pandemic. The unknown transmission route of the virus can lead to mass procurement among the mass populace and medical staff as well. They can act as a barrier between bacteria and hands and halt its transmission. Concerns of safety and hygiene among workers across industries and the common populace are likely to trigger the demand for medical gloves.
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Rising cases of infectious diseases and initiatives by governments and reputed healthcare organizations are expected to favor the market growth. The surge in number of surgeries and the large geriatric populace being admitted in emergency wards can warrant the use of medical gloves.
However, defective gloves, low production capacity due to its toxic reaction among certain sections of the populace, and risk of reusable gloves can act as deterrents for the market.
Competition Outlook
Medline Industries, Inc., Cardinal Health, Inc., Microflex Corporation, McKesson Corporation, Cypress Medical Products LLC, Supermax Corporation Berhad, Rubberex Corp. M Bhd, Ansell Limited, Glove Corporation Berhad, Dynarex Corporation, BraunMelsungen AG, and Semperit AG Holding are key players of the global medical gloves market.
Segmentation
The global medical gloves market is segmented by product type, usage, raw material, form, and end user.
- By product type, it is segmented into chemotherapy, surgical, and examination. Surgical gloves are expected to control a major share of the market. This can be attributed to its use by surgeons and healthcare staff to prevent the chances of transmission of bacteria and other germs. However, examination gloves are deemed to command a large demand share during the forecast period due to their need in non-invasive examinations.
- By usage, it is divided into disposable and reusable. Disposable gloves are predicted to command a large share in the global medical gloves market owing to their property of acting as a barrier against irritants and chemicals.
- By raw material, it is segmented into latex, polyethylene, neoprene, nitrile rubber, and vinyl rubber. Nitrile rubber is one of the largest segments in the market and can grow at a rapid pace due to being durable in wet environments. Its resistance to oils, acids, and chemicals can fuel its demand among the healthcare staff.
- By form, it is divided into powdered and non-powdered.
- By end user, it is segmented into rehabilitation centers, diagnostic centers, hospitals and clinics, and ambulatory centers. Hospitals and clinics are touted to be the biggest end-user of the market due to having the capacity for handling a large inflow of patients. Prevalence of infectious diseases such as the COVID-19 virus has spurred the demand for medical gloves among healthcare ancillary staff.
Regional Analysis
The Americas is expected to secure the largest share of the medical gloves market. The surge in COVID 19 cases is creating the need for medical gloves to prevent cross-contamination and curb impact of ]infection. In Europe, the medical gloves market is likely to hold considerable share of the worldwide market in the analysis period. Rise in medical examinations for increasing patient pool and the enforcement of stringent regulation to control cross-contamination in hospitals can bolster growth the growth of EU medical gloves market.
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In Asia Pacific, the medical gloves market can thrive in the near future owing to the robust medical base. Developments in the healthcare industries improving the quality of medical care and growing prevalence of surgical practices can contribute to the expansion of the market in the years to come. In Middle East Africa, rise in safety concerns and hygiene standards amidst global pandemics are changing safety protocols in medical centers. This is resulting in the growing utility of biosafety gears, such as; medical gloves. This can underpin the market growth in the Middle East and Africa region.
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