Global Disposable Medical Gloves Market Analysis & Outlook 2030
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Product Code:
RP-ID-10352042 -
Published Date:
21 Oct 2022 -
Region:
Global
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Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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The global market size of disposable medical gloves in 2021 is anticipated to be USD 5 billion, and the compound annual growth rate (CAGR) from 2022 to 2030 is expected to be 10%. The increasing importance of Hands protective equipment in the healthcare industry, especially during the COVID-19 pandemic, is expected to drive the demand for disposable medical gloves during the forecast period. These gloves can prevent cross-contamination and the spread of pathogens during medical examinations and operations. In addition, they are disposable, which further reduces the risk of contamination. In turn, the aforementioned factors are expected to drive demand during the forecast period.
Due to strict regulations related to the safety of patients, doctors and other medical staff, it accounted for the largest share of the North American market in 2019, prompting the adoption of disposable medical gloves. Due to multiple advantages, including high puncture resistance and high sensitivity, the nitrile material segment is expected to achieve the fastest growth. The product provides protection against risks associated with the spread of bacteria, blood-borne pathogens and other environmental pollutants at work. It is expected that during the forecast period, increased awareness of health and safety measures related to emergency response events and patient treatment will drive demand for the product. Standards, they may drive market growth during the forecast period. In addition, medical professionals are also accepting the use of double gloves to avoid the risk of failure due to wear and tear, which is expected to drive market growth. The economy is expected to increase the demand for products. However, during the forecast period, the environmental impact associated with handling these gloves is expected to slow market growth.
Materials facts:
The vinyl materials sector accounted for the largest revenue share in 2020, exceeding 38%, and may continue to dominate throughout the forecast period. Vinyl gloves do not contain latex, so they will not cause allergies or skin reactions. In addition, they are cost-effective, soft and comfortable to wear. The nitrile materials sector is expected to achieve the fastest growth of 9.4% during the forecast period. Nitrile-based products have high puncture resistance, excellent barrier protection and durability, which is why they are generally favored in environments where exposure to blood-borne pathogens and other contaminants is a major problem.
Natural rubber is estimated to be the second largest. Material part. These gloves are tactile and therefore very popular in sensitive applications such as medical procedures and surgery. In addition, they are flexible and comfortable to use, making them ideal for processing biological or water-based materials. However, they can cause allergies and skin reactions. The compound annual growth rate of the neoprene materials sector is expected to be 9% during the forecast period. Neoprene is a synthetic rubber produced by the polymerization process of chloroprene. This material is waterproof and resistant to stretching and chemicals, which is why it is used in laboratories, where people often deal with chemicals that can damage the skin.
Application insight:
The test application field led the market with a global share of more than 70% in 2020 and is expected to continue to dominate throughout the forecast period. Disposable gloves made of vinyl or natural rubber are commonly used in general low-risk procedures, including non-invasive medical examination applications. Infections spread through human contact are one of the main causes of diseases in the healthcare industry, so doctors, nurses, paramedics, and other healthcare professionals often wear gloves to protect themselves from contamination during examinations or operations. In addition, the rapid spread of the COVID-19 pandemic is expected to drive the demand for examination gloves during the forecast period. The surgical application sector is expected to record the fastest compound annual growth rate of 8% during the forecast period. More and more cases of chronic diseases, including heart disease and cancer, usually require medical procedures and surgery to treat, and it is expected that the demand for surgical applications will increase. They are commonly used by surgeons and operating room nurses. These gloves are usually sterile because they are widely used in surgical procedures and are designed to provide the precise dimensions, greater precision, and tactile sensitivity required by surgeons.
Terminal information:
The hospital terminal segment has the largest revenue share in 2020, exceeding 50%, and is expected to maintain its dominant position during the forecast period. The product is widely used by surgeons, doctors, nurses and other medical staff for surgical and exploratory purposes in hospitals. It is expected to drive product demand in the hospitals end-use field. In addition, the increase in the elderly population and the increase in cases of chronic health problems are expected to stimulate the demand for products in this market segment during the forecast period.
Regional information:
Europe has the largest market share in 2020, at 33%. Due to the increase in healthcare expenditures in major European countries, Europe will maintain its leading position throughout the forecast year. However, due to the increasing awareness of health and safety and the continuous development of medical infrastructure, the Asia-Pacific region is expected to become the fastest-growing regional market during the forecast period. In addition, the presence of major product manufacturers may have a positive impact on market growth. During the forecast period, North America is expected to grow at a compound annual growth rate of 9%. Factors such as a well-developed healthcare industry, strict government regulations and increased consumer awareness are expected to drive the growth of the regional market. In addition, the growing health problems due to unhealthy lifestyles are expected to boost the demand for health services, thereby benefiting market growth. Due to the development of the healthcare industry and the influx of tourists from countries such as the United Arab Emirates and Saudi Arabia, the Middle East is also expected to experience significant growth during the forecast period.
Major companies and market share prospects:
Major companies such as top glove companies have increased their manufacturing capabilities and may also expand their manufacturing facilities to meet growing global demand, especially during the COVID-19 pandemic. Strategies such as proper inventory management play a key role in the market and can reduce the costs associated with excess inventory. Some of the major players in the global disposable medical glove market include: Ansell Ltd. Top Glove Corporation Bhd Hartalega Holdings BerhadSupermax Corporation BerhadKossan Rubber Industries Bhd. Cardinal HealthSemperit AG Holding RubberexDynarex CorporationB.
Market segments covered by the report:
The report forecasts global, regional and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research reports on the global disposable medical gloves market based on materials, applications, end-uses and regions. Use Outlook (income, millions of dollars, 2022-2030) Hospitals Home healthcare Outpatient facilities/primary care Others.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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