Pune, India, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Global disposable medical gloves market size was valued at USD 7.89 billion in 2022 the market is predicted to reach USD 24.44 billion by 2030 exhibiting a CAGR of 15.1% during forecast period. Growing Awareness Regarding Safety and Hygiene to Prevent Healthcare-Associated Infections (HAI) to Foster Market Growth
Disposable medical gloves prevent infection transmission and are used extensively during surgeries. The growing awareness regarding health and hygiene is expected to boost the demand for gloves. Furthermore, increasing number of surgical procedures are expected to increase the adoption of the product. Moreover, the rising focus on acquisitions and novel product launches may fuel the market expansion. Fortune Business Insights™ presents this information in its report titled “Disposable Medical Gloves Market, 2023-2030.”
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Notable Industry Development:
January 2022: Kimberly-Clark Corporation announced the launch of Kimtech Opal Nitrile Gloves. The new gloves claimed to be suitable for life sciences and non-sterile drug manufacturing purposes as well as research & production facilities.
Key Takeaways :
- Market Was Positively Impacted by Implementation of Preventive Measures Amid COVID-19 Pandemic
- High Demand for Examination Gloves in COVID-19 Tests and Mass Vaccinations to Drive Market Growth
- Increasing Awareness of Hygiene and Safety from Healthcare-Associated Infections to Drive Market Growth
- Rising Number of Healthcare Facilities Globally to Drive Market Growth
- Allergies Associated with Several Types of Gloves to Hinder Market Growth
List of Key Players Profiled in the Report
- Top Glove Corporation Bhd (Malaysia)
- Cardinal Health (U.S.)
- Kimberly-Clark Corporation (U.S.)
- Sri Trang Agro-Industry Plc. (Thailand)
- Mölnlycke Health Care AB (Sweden)
- ANSELL LTD. (Australia)
- Hartalega (Malaysia)
- Semperit AG Holding (Austria)
- Kossan Rubber Industries Bhd (Malaysia)
- Supermax Corporation Berhad (Malaysia)
COVID-19 Impact:
Strong Demand for Product from Healthcare Sector Boosted Market Growth During COVID-19
This market was positively impacted during the COVID-19 pandemic due to robust demand for the product. The sudden surge in the number of COVID-19 patients led to the adoption of high-quality and effective medical gloves. Moreover, many market players increased their production capacities in 2021 to cater to the strong demand for disposable gloves. This move helped them record high revenue margins during this period. These factors propelled the market growth during the pandemic.
To know more about the impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/disposable-medical-gloves-market-101484
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2021 to 2028 CAGR | 15.1% |
| 2030 Value Projection | USD 24.44 Billion |
| Base Year | 2022 |
| Disposable Medical Gloves Market Size in 2022 | USD 7.89 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 208 |
| Segments covered | By Material, By Application, By Category, By End-User |
Drivers and Restraints:
Growing Awareness Regarding Safety and Hygiene to Prevent Healthcare-Associated Infections (HAI) to Foster Market Growth
Rising awareness among the population regarding the role of disposable medical gloves in preventing HAIs is expected to fuel the market development. Rising healthcare expenditure in several countries is expected to boost the adoption of the product. In addition, the presence of a robust healthcare infrastructure in developed countries may foster the disposable medical gloves market growth.
However, allergies associated with different kinds of medical gloves may hinder the market’s progress in the coming years.
Segmentation:
Product Use Increased in Medical Examinations Due to Growing Number of Diagnostic Tests During Pandemic
By application, the market is segmented into surgical and examination. The examination segment held a dominant market share in 2022 as the number of diagnostic tests used by healthcare providers during the outbreak of the COVID-19 virus increased considerably.
Growing Use of Nitrile Gloves to Boost Demand for Synthetic Materials
As per material, the market is bifurcated into synthetic and latex. The synthetic segment is expected to register the highest CAGR during the forecast period as more end-users are opting for nitrile gloves over latex ones for better protection against germs and harmful chemicals.
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Powder-Free Gloves to Gain Traction Due to Their Attractive Features
Based on category, the market is divided into powdered and powder-free. The powder-free segment held the largest market share in 2022 and is projected to record a substantial CAGR during the forecast timeframe due to the beneficial features they offer. These advantages include high versatility, superior water resistance, and protection against allergic reactions.
Hospitals & Clinics to Increase Product Use Due to Rising Patient Admissions
On the basis of end-user, it is classified into hospitals & clinics, diagnostic/pathology labs, dental clinics, and others. The hospitals & clinics segment is expected to dominate the global disposable medical gloves market share during the forecast period due to the growing patient admissions in hospitals and clinics.
Geographically, the market report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides a detailed analysis of the market and highlights key areas, such as top applications, materials, end-users, and product categories. It also offers insights into the latest market trends, drivers, and the impact of the COVID-19 pandemic on the market. Apart from the abovementioned factors, the market report covers several factors that have contributed to the market’s growth in recent years.
Regional Insights:
Strong Investments by Governments to Boost Market Growth in North America
North America is expected to dominate the disposable medical gloves market share due to strong investments by governments. The market value in North America stood at USD 3.60 billion in 2022 and is expected to maintain its dominance in the coming years. Furthermore, the rising number of surgeries in ASCs and hospitals may boost the demand for the product in the region. In addition, strong demand for excellent quality powder-free gloves may foster the regional market’s progress.
The market for disposable medical gloves in Europe is expected to capture a major market share due to the rising awareness regarding HAI and strong healthcare expenditure by governments. In addition, increasing patient visits to hospitals and clinics may bolster market development.
Competitive Landscape:
Malaysian Glove Manufacturers to Dominate Market by Launching Novel Products
The market’s competitive landscape is highly consolidated due to the presence of prominent companies, such as Hartalega and Top Glove Corporation Bhd. Top Glove Corporation Bhd is one of the key market players that is increasing its focus on introducing new products in the market. Some of the other market players include ANSELL LTD., Semperit AG Holding, Kossan Rubber Industries Bhd, and Sri Trang Agro-Industry Plc.
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Table Of Contents :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Healthcare Expenditure, By Region
- Overview of Rubber Gloves Demand
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Production Statistics Overview, By Key Players
- Import-Export Scenario of Gloves, Key Countries, 2022
- Raw Material Pricing Trends
- Per-capita Consumption of Rubber Gloves, By Key Countries
- Impact of COVID-19 on the Market
- Global Disposable Medical Gloves Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Application (Value in USD billion & Volume in million pieces)
- Surgical
- Examination
- Market Analysis, Insights and Forecast – By Material (Value in USD billion)
- Latex
- Synthetic
- Market Analysis, Insights and Forecast – By Application (Value in USD billion & Volume in million pieces)
-
-
-
- Nitrile
- Neoprene
- Polyisoprene
- Others
-
-
-
- Market Analysis, Insights and Forecast – By Category (Value in USD billion)
- Powdered
- Powder-free
- Market Analysis, Insights and Forecast – By End-user (Value in USD billion)
- Hospitals and Clinics
- Diagnostic/Pathology Labs
- Dental Clinics
- Others
- Market Analysis, Insights and Forecast – By Region (Value in USD billion & Volume in million pieces)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market Analysis, Insights and Forecast – By Category (Value in USD billion)
- North America Disposable Medical Gloves Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Application (Value in USD billion & Volume in million pieces)
- Surgical
- Examination
- Market Analysis, Insights and Forecast – By Material (Value in USD billion)
- Latex
- Synthetic
- Market Analysis, Insights and Forecast – By Application (Value in USD billion & Volume in million pieces)
-
-
-
- Nitrile
- Neoprene
- Polyisoprene
- Others
-
-
-
- Market Analysis, Insights and Forecast – By Category (Value in USD billion)
- Powdered
- Powder-free
- Market Analysis, Insights and Forecast – By End-user (Value in USD billion)
- Hospitals and Clinics
- Diagnostic/Pathology Labs
- Dental Clinics
- Others
- Market Analysis, Insights and Forecast – By Country/Sub-region (Value in USD billion)
- U.S.
- By Category
- Canada
- By Category
- U.S.
- Market Analysis, Insights and Forecast – By Category (Value in USD billion)
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FAQs :
How big is the Disposable Medical Gloves Market?
- The global disposable medical gloves market size was valued at USD 7.89 billion in 2022 and is expected to be worth USD 9.14 billion in 2023. The market is predicted to reach USD 24.44 billion by 2030, exhibiting a CAGR of 15.1% during the forecast period.
What are the key factors driving the Disposable Medical Gloves Market?
- The increasing demand for nitrile gloves, growing adoption of powder-free gloves, and rising number of healthcare facilities are expected to drive the adoption of disposable medical gloves.
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