Vancouver, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The global medical gloves market size was USD 16.88 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.9% during the forecast period. Rising number of medical facilities in emerging countries and awareness about hygiene and increasing number of surgeries and prevalence of contagious diseases are key factors driving market revenue growth.
Medical gloves are an essential part of infection control and preventive healthcare measures. These gloves are also essential in meeting the needs of healthcare facilities, upholding hygienic standards, and guaranteeing patient and healthcare professional safety amid the rise in surgical procedures and infectious disease prevalence. Disposable gloves also act as a shield protecting healthcare workers against contagious infections. For instance, according to a 2020 report by the National Health Service, the number has risen from 59,396 in 2013 to 70,230 in 2019.
However, increasing concerns about side-effects and competitive pricing are key factors, which could restrain market revenue growth. Specifically, the cost of raw materials for medical gloves surpasses that of conventional gloves, posing affordability challenges for the middle class and individuals with average incomes. In addition, lack of skilled professionals proficient in using these devices in various regions is another factor, which could restrain market revenue growth.
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Segment Insights
Material Insights:
On the basis of product, the global medical gloves market is segmented into natural rubber, nitrile, vinyl, neoprene, polyethylene, and others. The nitrile segment accounted for largest revenue share in the global medical gloves market in 2022 owing to strong puncture resistance, higher barrier protection and durability of nitrile gloves. Nitrile gloves, generally regarded as the preferred option in the medical glove industry, are made of synthetic rubber, making these highly ideal for a broad range of sectors.
Application Insights:
On the basis of examination, the global medical gloves market is segmented into examination and surgical. The examination segment is expected to register steadily fast revenue growth rate in the global medical gloves market during the forecast period. This is attributed to rising demand for these gloves in the medical sector due to rising need in hospitals and dental applications for regular checkups and patient. For example, on 22 March, 2023, SafeSource Direct launched a new American-made PPE: chemo-rated nitrile exam gloves. These gloves, approximately 3.5 mil thick, offer superior tactile sensitivity, Food and Drug Administration (FDA) 510(k) clearance, and cater to the needs of busy medical professionals at an accessible price point.
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Regional Insights:
The North America market accounted for largest revenue share in the global medical gloves market in 2022. This is due to increasing need for quality and safety guidelines, governed by organizations such as FDA, for medical usage in the region. Evolving healthcare practices, particularly in terms of infection control and patient safety, ensure that gloves are used consistently throughout a wide range of medical procedures and locations. In addition, increasing public awareness about infectious illnesses is also expected to drive market revenue growth of this region during the forecast period.
The Asia Pacific market is expected to register fastest revenue growth rate in the global medical gloves market over the forecast period due to increasing population and rising emphasis on health management and demand for medical gloves in emerging countries such as Chines, India, and South Korea. These areas have seen a significant growth in investments and expenditures on healthcare infrastructure and goods because of increasing per capita income. As a result, healthcare facilities and the use of medical gloves are rapidly evolving, in line with the increasing need for better healthcare.
The Europe market is expected to is expected to account for considerably large revenue share in the global medical gloves market over the forecast period. This is due to increasing public awareness and rising healthcare infrastructure in this region In addition, rising demand for medical gloves is also expected to drive market revenue growth of this region during the forecast period.
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 16.88 Billion |
| CAGR (2023–2032) | 9.9% |
| Revenue Forecast To 2032 | USD 43.14 Billion |
| Base Year For Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Distribution channel, sterility, material, application, end-use, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, ASEAN Countries, Oceania, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | Kossan Rubber Industries Bhd., Cardinal Health, Semperit AG Holding, Rubberex, Dynarex Corporation, Leica Microsystems, B. Braun Melsungen AG, Supermax Corporation Berhad, Hartalega Holdings Berhad, and Top Glove Corporation Bhd |
| Customization Scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global medical gloves market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective medical gloves products. Some major players included in the global medical gloves market report are:
- Kossan Rubber Industries Bhd.
- Cardinal Health
- Semperit AG Holding
- Rubberex
- Dynarex Corporation
- Leica Microsystems
- B. Braun Melsungen AG
- Supermax Corporation Berhad
- Hartalega Holdings Berhad
- Top Glove Corporation Bhd
Strategic Development
- On 4 December, 2023, Bioliberty secured a £435,000 (~USD 549,688) grant from Innovate UK's Biomedical Catalyst program. The Edinburgh-based company specializes in a robotic glove assisting stroke patients with hand movements.
- In June 2021, Medical Glove Company in the U.S. signed a USD 63.6 million contract with the Department of Defense (DOD), on behalf of Health and Human Services (HHS), to expand the domestic industrial base for nitrile glove production in the U.S.
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For the purpose of this report, Emergen Research has segmented the global medical gloves market on the basis of distribution channel, material, application, end-use, and region:
- Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
- Retail outlets
- Online
- Medical stores
- Sterility Outlook (Revenue, USD Billion; 2019-2032)
- Non-sterile
- Sterile
- Material Outlook (Revenue, USD Billion; 2019-2032)
- Natural rubber
- Nitrile
- Vinyl
- Neoprene
- Polyethylene
- Others
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Examination
- Surgical
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals
- Diagnostic centers
- Outpatient/Primary care facilities
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- ASEAN Countries
- Oceania
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- Israel
- Turkey
- South Africa
- Rest of Middle East & Africa
- North America
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