Global Medical Gloves Market-By Product Type (Surgical, Examination, Others), By Raw Material Type (Latex, Nitrile, Vinyl, Others),By Form(Powdered, Non-Powdered),By End Users (Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others), By Region, By Country (2018 Edition) - Forecast to 2022-2030

  • Product Code:
    RP-ID-10086037
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Pages:
    224
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-29

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 medical gloves market in 2021 is anticipated to be ~USD 10 billion, and it is expected to grow at a compound annual growth rate of over 8% from 2022 to 2030. The ongoing COVID-19 pandemic has increased the importance and awareness of health and hospitals, and promoted the demand and use of protective equipment. The increasing prevalence of chronic and acute diseases, infectious diseases, and increasing attention to safety and disinfection will promote the demand for medical gloves. The increase in the number of medical centers in emerging economies and the increase in the frequency of operations are some of the main factors that stimulate market growth.


Medical gloves are a type of personal protective equipment used to protect users and patients from the risk of cross-contamination and infection during medical operations, examinations, and other procedures. They are an integral part of the infection control protocol. These gloves are composed of various types of polymers, such as nitrile rubber, latex, polyvinyl chloride, and neoprene. Medical gloves help reduce the risk of spreading bacteria in the medical environment. 


However, the adverse health effects associated with the use of gloves and the extremely competitive prices of local manufacturers may adversely affect the expansion of the medical glove market. There are several reports of allergic reactions, irritation and exposure of medical staff using powdered latex gloves. This is due to the high concentration of protein in latex. 


These proteins promote type I (allergic) allergic reactions in healthcare workers wearing these gloves. Inhalation of cornstarch dust present in latex gloves can also cause allergic reactions. Inhalation of cornstarch powder can cause acute asthma attacks and anaphylactic shock in medical staff, and lead to life-threatening complications. In addition, the US FDA has decided to ban powdered gloves because it poses a huge risk of disease or infection to users, which may hinder litigation. Medical gloves are closely monitored by the US FDA and are classified as Class I reserved medical devices. 

 

Therefore, these gloves require a 510 (k) pre-market notification before they go on the market. The FDA regulates these devices to maintain standard performance parameters, including tear resistance, leakage resistance, and biocompatibility. The FDA also requires glove manufacturers to provide appropriate glove labels to reduce the risk of possible allergic reactions. Therefore, strict compliance and time-consuming regulatory documents will limit the development of the industry.

 

 The emergence of the COVID-19 pandemic is an unprecedented health problem worldwide and has had a positive impact on the medical glove market. However, the coronavirus outbreak has disrupted the procurement, distribution and supply chain of raw materials, and imposed travel restrictions that restrict the movement of goods. However, in order to prevent the spread of the virus, the demand for personal protective equipment and medical supplies has been increasing. 

 

The pandemic has changed people’s perceptions of minimal exposure to infection risks, and the use of protective medical supplies has also exploded among the general population. The Centers for Disease Control and Prevention (CDC) and the European Centers for Disease Control and Prevention (ECDC) recently issued regulatory compliance. 


These compliance recommendations recommend the use of gloves in healthcare environments and communities. According to research by the United Nations Children’s Fund (UNICEF), the unprecedented COVID-19 pandemic has significantly increased the demand for medical supplies, especially personal protective equipment, masks and medical gloves. In some countries, the infection rate has doubled, and the increase in hospitalizations and various measures taken to reduce the spread of the coronavirus have led to a sharp increase in the use of medical gloves. Therefore, the pandemic will have a significant impact on the expansion of the industry.

 

 INCREASING AWARENESS OF HYGIENE AND SAFETY IN THE HEALTHCARE ENVIRONMENT WILL INCREASE MARKET VALUE OF MEDICAL GLOVES:


healthcare workers and medical professionals are increasingly aware of the importance of hygiene and safety in sanitary facilities, which will promote market development. Due to the COVID-19 pandemic, health authorities have emphasized the review of standard operating procedures in hospitals and have prompted extensive use of protective equipment, including medical gloves. The increasing number of hospital-acquired infections, especially in emerging economies, is increasingly worrying. Nosocomial infections occur within 48 hours after admission, about 3 days after discharge, or even 30 days after surgery. These infections affect approximately 7 and 10 of 100 hospitalized patients in developed and developing countries, respectively. Nosocomial infections may increase mortality and morbidity as well as a greater economic burden. The increase in the incidence of nosocomial infections will increase the demand for medical gloves. The initiatives taken by various organizations to increase health and safety awareness will help expand the scale of the industry.

 

SEVERAL BENEFITS RELATED TO THE USE OF NITRILE GLOVES WILL ACCELERATE THE DEVELOPMENT OF INDUSTRY: 


The nitrile glove segment accounted for 42% of the medical glove market in 2020 because of its many benefits, such as better tactility, economic viability, High comfort and better chemical resistance. Nitrile gloves provide maximum comfort for the skin. The film can quickly dissipate heat, minimizing sweating and skin irritation and other problems, even when worn for a long time. The compactness of nitrile gloves has significant advantages during transportation and storage. Nitrile gloves require less storage space, reducing packaging and transportation costs. The continuous development of manufacturing technology has also led to the emergence of high-strength gloves. Compared with latex gloves, its puncture resistance is three times that of it.

 

THE VARIOUS BENEFITS ASSOCIATED WITH THE USE OF NITRATE GLOVES WILL ACCELERATE THE DEVELOPMENT OF THE INDUSTRY: 


The nitrile glove market segment has better tactility, economic feasibility, high comfort and better chemical resistance. Nitrile gloves provide maximum skin comfort. The film can quickly dissipate heat, reducing sweating and skin irritation and other problems, even after long-term use. 

 

The compactness of nitrile gloves has significant advantages during transportation and storage. Nitrile gloves require less storage space, reducing packaging and transportation costs. The continuous development of manufacturing technology has also led to the emergence of heavy gloves. Compared with latex gloves, its puncture resistance is three times higher.

 

 THE EFFECTIVENESS ASSOCIATED WITH USE OF REUSABLE GLOVES WILL BOOST MARKET DEMAND : 


The market for reusable medical gloves will exceed USD 4 billion in 2020 as reusable gloves provide greater comfort and durability. Reusable gloves are the best alternative to disposable gloves because they can be disinfected and cleaned for reuse. These gloves are generally much thicker than disposable gloves and provide better strength and protection. In the long run, the use of reusable gloves is considered very effective. Many medical applications that are versatile and environmentally friendly have promoted the use of reusable gloves by doctors, dentists, surgeons, and other healthcare workers.

 

 INCREASING NUMBERS OF SURGERIES COUPLED WITH BETTER PROTECTION PROVIDED BY STERILE GLOVES WILL PROMOTE THE EXPANSION OF THE MARKET : 


Under regulated sterilization protocols, higher acceptable quality level standards (AQL) and strict impetus, there will be no The market value of bacteria gloves is 5.9 billion U.S. dollars in packaging compliance. Sterile gloves must meet the sterilization standards of the US FDA. Sterile gloves have strong anti-contamination capabilities and reduce the risk of infection. Sterile gloves are mainly used in surgical operations. Increasing the number of surgical procedures will increase the demand and adoption of sterile gloves.

 

A HUGE PHYSICAL STORE NETWORK IS EXPECTED TO PROMOTE THE DEVELOPMENT OF THE MEDICAL GLOVE MARKET : 


Due to the high presence of physical stores and deep market penetration, physical distribution channels will reach ~USD 18 billion by 2030. According to the American Retail Federation, there are more than 1 million physical stores in the United States alone, and this number will increase exponentially. Due to the wide network of physical distribution stores and easy access to products, people;s preference for physical stores is increasing. As hospital medical professionals increasingly use products for inspections, the hospital sector’s revenue in 2020 will exceed $5.9 billion. And surgery. In addition, the increasing incidence of hospital-acquired infections (HAI), such as ventilator-associated pneumonia, bloodstream infections, and surgical site infections, will increase the demand for this product. In developing countries, the number of patients with ICU-acquired infections is 2 to 3 times that of developed countries.


In the United States, at least 1 out of every 31 hospitalized patients has a health care-related infection. Dominating the North American medical glove market in 2020, due to a variety of factors, including the increase in the number of invasive surgical procedures, the higher incidence of nosocomial infections, and the increasing use of medical measures, will be worth more than US$4 billion in 2020. All over the country. With the increase in the number of operations, the number of hospitalizations and the influx of patients has also increased.


For example, in the United States, there are approximately 294,000 coronary artery bypass grafts and 1,016,000 cardiac catheterizations. According to data from the World Health Organization (WHO), in advanced economies, including the United States, about 30% of ICU patients in the United States are infected with credit-related infections. 


According to the Centers for Disease Control and Prevention (CDC), 1 in 25 patients in the country is affected by a hospital-acquired infection. These adverse events are designed to increase the adoption rate of infection control products, including medical gloves. Driven by the growth of the elderly population, the increase in health care expenditures and the increase in the number of hospitalizations in the country, the market size of Germany in 2020 will exceed 800 million US dollars. According to published research, the number of invasive medical procedures is expected to increase significantly. The increase in hospital visits and surgical operations will increase the demand for surgical and examination gloves, thereby increasing the demand for products. In addition, high-quality care, government initiatives to promote medical safety and hygiene, and strict ethical standards have facilitated the industry.

 

RECENT INDUSTRIES TRENDS: 


In August 2019, Top Glove Corporation Bhd announced a collaboration with the Malaysian University of Technology to carry out research activities related to gloves. This strategic cooperation helped the company speed up research and development activities and assisted in the development of new products. In June 2019, Top Glove Corporation Bhd launched BioGreen biodegradable nitrile gloves. The BioGreen glove is an environmentally friendly model of the companys disposable nitrile glove series, developed for biodegradation near an anaerobic environment. This release provides the company with a competitive advantage.

 

The medical glove market research report includes in-depth reports on the industry, including estimates and forecasts of revenue in USD and the number of 000 pieces from 2022-2030, applicable to the following market segments: market, by product, from 2022-2030 ( Millions of dollars and `000 pieces) Latex gloves, nitrile gloves, vinyl gloves, neoprene gloves, other markets, by shape, 2022-2030 (millions of dollars and `000 pieces), powder-free gloves and powdered gloves market, by application Divided, 2022-2030(millions of dollars and `000 pieces) Examination gloves surgical gloves market, according to usage, 2022-2030 (millions of dollars and `000 pieces) disposable gloves reusable gloves market, according to sterile, 2022-2030 (millions of dollars and `000 units) non-sterile gloves market for sterile gloves, by distribution channel, 2022-2030 (millions of dollars and `000 units) physical e-commerce market, by end use, 2022-2030 (Millions of dollars and `000 units) s) Hospital Clinic Outpatient Surgery Center Diagnostic Center 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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Ansell, Cardinal Health, Top Glove Corporation, Hartalega, Supermax corporation, Cypress Medical. Halyard Health

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