Pune, May 20, 2020 (GLOBE NEWSWIRE) -- The global disposable medical gloves market size expected to reach USD 10.9 billion by 2026, exhibiting a CAGR of 9.1% during the forecast period. The rising concerns regarding contamination during surgical procedures will spur demand for the market in the forthcoming years, states Fortune Business Insights in a report, titled “Disposable Medical Gloves Market Size, Share & Industry Analysis, By Application (Surgical and Examination), By Material (Latex and Synthetic), By Category (Powdered and Powder-free) By End User (Hospitals & Clinics, Diagnostic/Pathology Labs, and Others), and Regional Forecast 2019-2026” the market size stood USD 5.4 billion in 2018. The growing awareness regarding the health and safety of patients at hospitals will create business opportunities for the market during the forecast period.
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Market Driver:
Innovative Medical Gloves to Promote Colossal Development
The growing demand for disposable medical gloves in hospitals and medical facilities will enable speedy expansion of the market. The focus towards reducing germ dissemination between patients and care providers will stimulate the growth of the market in the forthcoming years. The technological advancement in glove manufacturing such as the use of moisturizing agents for easy donning, antimicrobial technology, and textured gloves for grip and stability will propel the market in the foreseeable future. The emergence of local manufacturers will have a tremendous effect on the market.
The rising government investments for the development of healthcare facilities and infrastructure will boost the disposable medical gloves market share. Furthermore, the increasing number of doctors, mainly ophthalmologists in private and public healthcare sectors will bolster the healthy growth of the market. The surge in patients undergoing medical procedures will augment the healthy growth of the market.
An Overview of the Impact of COVID-19 on this Market:
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According to National Center for Health Statistics (NCHS) in 2016, it was estimated that around 84.6% of children and 64.4% of adults undergo dental surgical procedures, which is likely to rise in the forthcoming years. Besides, the surge in cataract surgeries and orthopedic surgeries, especially in elderly patients will accelerate the revenue.
Regional Analysis:
Growing Knowledge about Bacterial Infections to Stimulate Growth in North America
North America generated a revenue of USD 2.0 Billion in 2018 and is predicted to remain dominant during the forecast period. The growth in the region is attributed to rising awareness about the prevention of healthcare-associated infections. The rising demand for high-quality polyisoprene gloves for surgeries will further aid development in the region. However, the high cost of medical gloves will restrict the growth of the market.
The presence of major suppliers will favor growth in the region. Also, the implementation of stringent regulation will encourage the growth of the market. Centre of Disease Control and Prevention (CDC) and World Health Organization (WHO) recommends wearing medical gloves to reduce the risk of blood and body fluid contamination of healthcare workers hands and microbial dissemination in the environment.
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Europe is likely to account for a high share during the forecast period owing to the high consumption of medical disposable gloves in countries such as Germany, France, Italy, Spain. According to Hartlega Holdings Bhd, Netherlands accounts for the highest per capita glove consuming country with per capita consumption of gloves in pieces as 276 gloves whereas followed by Denmark and Germany is with 259 and 208 gloves consumed per capita respectively. In addition, the increasing technological advancement in gloves and elevating healthcare facilities will drive the market in Europe.
Key Development:
June 2019: Top Glove Corporation Bhd introduced the BioGreen Biodegradable Nitrile Gloves (Powder-Free), an environment-friendly and safe variant of its disposable nitrile gloves.
March 2017: Mun Global, a leader in masks and other infection control products announced the launch of their first-ever gauntlet cuff glove, GloveOn Alexa to join their existing nitrile product range.
List of Key Companies Operating in the Disposable Medical Gloves Market are:
- Ansell Ltd
- Top Glove Corporation Bhd
- Hartalega Holdings Bhd
- Mölnlycke Health Care AB
- Cardinal Health
- Kossan Rubber Industries Bhd
- Dynarex Corporation
- Elite Surgical
- KANAM LATEX INDUSTRIES PVT LTD
- Halyard Health
- Romsons
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Detailed Table of Content:
- 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-2018
- Price Trend Analysis
- Healthcare Industry Overview-Key Country/Region-
- Key Industry Developments (Mergers, Acquisitions, Partnerships, New Product Launches, etc.)
- Global Disposable Medical Gloves Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Application
- Surgical
- Examination
- Market Analysis, Insights and Forecast – By Material
- Latex
- Synthetic
- Nitrile
- Neoprene
- Polyisoprene
- 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
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