The significant increase in the number of hospital visits and surgeries, as well as the occurrence of infections, are primarily driving the market. Also, the increasing prevalence of various chronic diseases, as well as notable advancements in medical gloves, are expected to generate enormous growth opportunities in the market. Besides this, the healthcare structure in emerging countries is improving, and as a result, public knowledge of medical services is growing. Moreover, growing number of hospital visits in various countries has increased, which is augmenting the demand of medical gloves. For instance: The number of trips to the accident and emergency department (A&E) in England has steadily climbed over time. Moreover, according to the National Health Service's 2020 report, attendance has increased from 59,396 in 2013 to 70,230 in 2019.
However, Increased public-private funding for targeted research activities, an increase in the number of patients suffering from chronic disorders, and rising product innovations and development due to technological advancements all over the world are accentuating the growth of the market in the forecasted period.
According to Marketlook Consulting’s research report “Global Medical Gloves Market Analysis, 2021”, the Global Medical Gloves market is anticipated to grow at a CAGR of 8.8% during 2022-29 The market would reach USD 31.66 Bn by 2029.
Based on Type, non-powdered gloves acquired a significant market share in 2021. Non-powdered gloves have various advantages, including accurate control, improved accessibility during the patient inspection, and resistance to temperature changes, among others. The National Institute of Occupational Safety and Health (NIOSH) recently published a safety advisory promoting the usage of powder-free gloves to reduce the allergens generated by protein-content latex gloves in order to lessen the vulnerability to natural latex proteins.
Based on Material, nitrile gloves acquired a substantial market share in 2021. Nitrile gloves are latex-free, which encourages their use among persons who are allergic to latex and minimises the possibility of allergic responses. Furthermore, the comfort, tactility, enhanced heat dissipation, cost-effectiveness, fewer environmental issues, and chemical resistance of nitrile gloves are also important factors. Surging developments in the manufacturing procedures of these nitrile gloves are positively stimulating product uptake. Market participants are focused on R&D activities to develop novel nitrile gloves with improved operability and affordability.
Based on Application, chemotherapy acquired a considerable market share in 2021. The use of personnel protection gear, particularly protective medical gloves, is a must to avoid skin contact. The selection of proper gloves is really important. According to Cancer Research UK, if present trends in the prevalence of major cancers and population growth continue, there would be 27.5 million new cancer cases worldwide per year by 2040, up from 17 million in 2018. As the demand for chemotherapy grows, so will the demand for chemotherapy-grade gloves. This is likely to drive market growth as well.
“Global Medical Gloves Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Medical Gloves providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
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North America Dominated the Market
Based on Leading regions, North America dominated the global medical gloves market in 2021 and is projected to maintain its dominance during the forecasted period 2022-29. The demand for medical gloves is anticipated to rise as hospital visits rise, which will accelerate market expansion. The number of hospital admissions in the nation has steadily climbed over time. According to the American Hospital Association (AHA) of the United States, there were around 439.86 million outpatient visits in community hospitals in 1996. This number climbed to almost 599.55 million by 2006 and to 747.09 million in 2016, Moreover, the rising prevalence of surgical operations due to chronic disease prevalence, road accidents, and other factors are expected to improve product adoption among hospitals, clinics, and diagnostics centres, among others, are projected to fuel the demand for Medical Gloves in the forthcoming period as stated in Marketlook Consulting research report “Global Medical Gloves Market Analysis, 2021”.
According to Marketlook Consulting’, the key players with a considerable market share in the global Medical Gloves market are Top Glove Corporation Bhd, 3M Company, B. Braun Melsungen AG., Ansell Limited, Cardinal Health Inc., Dynarex Corporation, Hartalega Holdings Berhad, Mckesson Corporation, Medline Industries Inc, Semperit AG Holding.
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Market Segmentation:
1. By Material (Natural Rubber Gloves, Vinyl Gloves, Nitrile Gloves, Others)
2. By Type (Powdered, Non-Powdered)
3. By Applications (Medical Examination, Chemotherapy, Surgery, and Others)
4. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
5. By Company (Top Glove Corporation Bhd, 3M Company, B. Braun Melsungen AG., Ansell Limited, Cardinal Health Inc., Dynarex Corporation, Hartalega Holdings Berhad, Mckesson Corporation, Medline Industries Inc, Semperit AG Holding)
Key questions answered in the study:
1. What are the current and future trends of the Medical Gloves industry?
2. How the industry has been evolving in terms of material, type and applications?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Medical Gloves industry?
5. What is the customer orientation, purchase behaviour, and expectations from the Medical Gloves firms across various regions?
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