Dublin, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The "Disposable Gloves Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The disposable gloves market is growing at a CAGR of 10.84% during the forecast period.
Due to the COVID-19 pandemic, the demand for the examination glove has increased amongst physicians and front-line workers worldwide. As a result, the production cost has gone up immensely, creating an imbalance between demand and supply. The medical industry is the biggest market for vinyl exam gloves. Due to COVID-19, the logistics were affected immensely because country borders were sealed all over the world.
The following factors are likely to contribute to the growth of the disposable gloves market during the forecast period:
- With an increasing number of chronic diseases among people, more surgeries are happening
- Due to increasing awareness of self-health & hygiene in developing countries
- People in the construction, automotive, and manufacturing industries are also wearing gloves to prevent harmful toxins, chemicals, and other harsh substances.
- The growth in cleanroom technology is expected to directly impact the sales of disposable gloves.
The study considers a detailed scenario of the present disposable glove market and its market dynamics for the period 2021?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Highlights
- The rising number of surgery practices is one of the key driving factors of the higher uptake of medical gloves globally. Growing demand for double gloving, mostly while performing surgeries, is another driving growth factor for the global medical gloves market.
- Vendors are increasing focus on enhancing production capacity for medical gloves due to the recent COVID-19 pandemic, contributing to the current spike in sales of these products.
- The nitrile segment witnessed an incremental growth of USD 6.46 billion by 2026 due to its increasing medical applications.
- The impact of medical tourism is expected to boost the sales of disposable gloves by 15% during the forecast period.
- In 2021, the latex powder-free segment accounted for 20%, followed by latex powdered with 13% of its revenue.
Vendor Analysis
The global medical gloves market is consolidated, with key players contributing to most of the market share. Key players that dominate the market are Top Gloves, Ansell, Kossan, Hartalega Holdings, Rubberex, and other players. These key players account for more than 65% of the share (Tier I), and the other regional and local players are accounting for the remaining share (Tier II) in the market. Established and emerging players develop or commercialize disposable hand gloves with advanced features such as antimicrobial property, temperature-resistant, and more. For instance, in June 2019, Top Glove launched its Biogreen Biodegradable Nitrile Gloves. Moreover, most of the leading players focus on implementing various strategies such as establishing strategic collaborations, increase R&D investment, new product launches and strengthening their distribution networks, and enhancing their profits, share, and presence in the market.
KEY QUESTIONS ANSWERED:
1. At what CAGR is the disposable gloves market projected to grow in the forecast period (2021-2026)?
2. What are the factors driving the disposable gloves market?
3. Which region is expected to have the highest market share?
4. What are the top trends for the disposable gloves market?
5. What is the COVID-19 impact on the global disposable gloves market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Material Type
4.3.2 Market Segmentation by End-User
4.3.3 Market Segmentation by Form
4.3.4 Market Segmentation by Distribution Channel
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Impact of COVID-19 on Disposable Gloves Market
7.2.1 Overview
7.2.2 Unparalleled Logistics Disruptions & Market Conditions
7.2.3 Impact Of COVID-19 on Cost of Gloves
7.3 Supply Chain Impact on Disposable Gloves Market
8 Market Opportunities & Trends
8.1 Trend of Double Gloving
8.2 Increased Use of Gloves in Food & Beverage Industry
8.3 Preference for Nitrile Gloves
8.4 Growth in Clean Room Technology
9 Market Growth Enablers
9.1 Rising Number of Infectious Diseases & HAI
9.2 High Demand for Gloves in Emerging & Developed Countries
9.3 Concern Towards Personal Hygiene
9.4 Rise in Medical Tourism
10 Market Restraints
10.1 Pricing & Supply Issues Due to COVID-19
10.2 Shift to Usage of Synthetic Gloves
10.3 Rising Environmental Impacts
10.4 Stringent Manufacturing Regulations
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.2.1 Revenue & Unit Shipment
11.2.2 Material Type Insights
11.2.3 Form Insights
11.2.4 End-user Insights
11.2.5 Distribution Channel Insights
11.2.6 Geographic Insights
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Material Type
13 Form
14 End-User
15 Medical Gloves
16 Non-Medical Gloves
17 Distribution Channel
18 Geography
18.1 Market Snapshot & Growth Engine (Revenue)
18.2 Market Snapshot & Growth Engine (Unit Shipment)
18.3 Geographic Overview
19 North America
20 Europe
21 APAC
22 Latin America
23 Middle East & Africa
24 Competitive Landscape
24.1 Competition Overview
24.2 Market Share Analysis
24.2.1 Top Glove
24.2.2 Kossan
24.2.3 Hartalega
24.2.4 Rubberex
24.2.5 Ansell
25 Key Company Profiles
25.1 Top Glove
25.1.1 Business Overview
25.1.2 Product Offerings
25.1.3 Key Strategies
25.1.4 Key Strengths
25.1.5 Key Opportunities
25.2 Kossan
25.2.1 Business Overview
25.2.2 Product Offerings
25.2.3 Key Strategies
25.2.4 Key Strengths
25.2.5 Key Opportunities
25.3 Hartalega
25.3.1 Business Overview
25.3.2 Product Offerings
25.3.3 Key Strategies
25.3.4 Key Strengths
25.3.5 Key Opportunities
25.4 Rubberex
25.4.1 Business Overview
25.4.2 Product Offerings
25.4.3 Key Strategies
25.4.4 Key Strengths
25.4.5 Key Opportunities
25.5 Ansell
25.5.1 Business Overview
25.5.2 Product Offerings
25.5.3 Key Strategies
25.5.4 Key Strengths
25.5.5 Key Opportunities
26 Other Prominent Vendors
26.1 Asma Rubber Products
26.1.1 Business Overview
26.1.2 Product Offerings
26.2 Ammex
26.3 Adenna
26.4 ACTEON
26.5 ADVENTA Health
26.6 AKZENTA INTERNATIONAL
26.7 AlboLand
26.8 ASID BONZ
26.9 B.Braun Melsungen
26.10 BERNER International
26.11 Body Products
26.12 Barber Healthcare
26.13 Comfort Rubber Gloves
26.14 Cardinal Health
26.15 CEABIS
26.16 Dynarex
26.17 Demophorius Healthcare
26.18 ERENLER MEDIKAL
26.19 Infitec Gloves
26.20 Kimberly-Clark
26.21 Kanam
26.22 MAPA Professional
26.23 Medicom
26.24 Molnlycke
26.25 Mercator Medical
26.26 Medline
26.27 MedPride
26.28 Nulife
26.29 Neomedic
26.30 O&M Halyard
26.31 Primus Gloves
26.32 Riverstone Holdings
26.33 RFB Latex
26.34 Robinson Healthcare
26.35 Sempermed
26.36 Sara Healthcare
26.37 Shandong Xingyu Gloves
26.38 Safeshield India Rubber Products
26.39 Supermax
26.40 SAS Safety Corp
26.41 Showa
26.42 Superior Glove
26.43 Sri Trang
26.44 Tan Sin Lian Industries
26.45 The Glove Company
26.46 Unigloves
26.47 Venom Steel
26.48 WinMed Group
26.49 Wujiang Evergreen
26.50 YTY Group
26.51 Zhangjiagang Dayu Rubber Products
26.52 3M
27 Report Summary
27.1 Key Takeaways
27.2 Strategic Recommendations
28 Quantitative Summary
29 Appendix
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