The global medical gloves market size was valued at USD 34.86 billion in 2023 and is projected to reach around USD 185.89 billion by 2033, growing at a CAGR of 18.22% from 2024 to 2033.
Key Takeaways
- North America dominated the market, with the United States leading in terms of market share in 2023.
- Asia Pacific is observed to be the fastest-growing region in the market during the forecast period.
- By product, the nitrile gloves segment held the largest share of the market in 2023.
- By form, the powder-free gloves segment held the largest share of the medical gloves market in 2023.
- By application, the examination gloves segment led the market with the largest share in 2023.
- By usage, the disposable gloves segment held the largest market share in 2023.
- By sterility, the non-sterile gloves held the largest share of the market in 2023.
- By distribution channel, the brick-and-mortar stores segment held the largest market share in 2022 and dominated the medical gloves market globally.
- By an end-use, the hospital segment held the largest share and dominated the medical gloves market in 2023.
The global medical gloves market has experienced significant growth in recent years, driven by factors such as the increasing emphasis on healthcare hygiene standards, the rise in the number of surgical procedures, and the growing awareness regarding the transmission of infectious diseases. Medical gloves play a crucial role in preventing cross-contamination between healthcare professionals and patients, thereby reducing the risk of infection transmission. Additionally, the outbreak of the COVID-19 pandemic has further boosted the demand for medical gloves, as they are essential for personal protective equipment (PPE) in healthcare settings and other high-risk environments.
Growth Factors:
Several factors contribute to the growth of the medical gloves market. Firstly, the rising prevalence of infectious diseases, such as COVID-19, influenza, and hepatitis, has heightened the importance of infection control measures, driving the demand for medical gloves. Moreover, the increasing awareness among healthcare professionals and the general public regarding the importance of hand hygiene has led to greater adoption of medical gloves in various healthcare settings, including hospitals, clinics, and diagnostic laboratories.
Furthermore, advancements in glove manufacturing technologies have resulted in the development of gloves with enhanced durability, flexibility, and tactile sensitivity, thereby expanding their applications across different medical procedures. Additionally, the growing geriatric population, coupled with the increasing incidence of chronic diseases, has led to a higher demand for medical gloves in long-term care facilities and home healthcare settings.
Get a Sample: https://www.precedenceresearch.com/sample/3942
Medical Gloves Market Dynamics
Drivers:
One of the key drivers of the medical gloves market is the stringent regulatory guidelines and standards pertaining to healthcare safety and infection control. Regulatory authorities worldwide, such as the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe, have mandated the use of medical gloves in healthcare settings to prevent the transmission of infectious agents.
Moreover, the growing healthcare expenditure in emerging economies, along with the expansion of healthcare infrastructure, is driving the demand for medical gloves in regions such as Asia-Pacific and Latin America. Additionally, the increasing focus on patient safety and infection prevention in healthcare facilities is fueling the adoption of medical gloves as a standard precautionary measure during patient care and surgical procedures.
Restraints:
Despite the significant growth prospects, the medical gloves market faces certain challenges that may impede its growth trajectory. One of the primary restraints is the shortage of raw materials, particularly natural rubber latex, which is used in the manufacturing of latex gloves. The limited availability of latex due to factors such as adverse weather conditions and fluctuating rubber prices can affect the production capacity of glove manufacturers, leading to supply shortages and price fluctuations.
Furthermore, concerns regarding allergic reactions to latex among healthcare workers and patients have prompted the development of alternative glove materials such as nitrile and vinyl. However, these synthetic gloves are often priced higher than latex gloves, which can pose a challenge for healthcare facilities with budget constraints, especially in resource-limited settings.
Opportunities:
Despite the challenges, the medical gloves market presents several opportunities for growth and innovation. With the increasing focus on sustainability and environmental conservation, there is a growing demand for eco-friendly and biodegradable glove materials. Manufacturers are exploring alternative sources of raw materials, such as plant-based polymers and recycled materials, to develop gloves that are both sustainable and functional.
Moreover, the advent of Industry 4.0 technologies, such as automation, robotics, and artificial intelligence, offers opportunities for streamlining the glove manufacturing process, reducing production costs, and improving product quality. By leveraging these technologies, glove manufacturers can enhance operational efficiency, shorten lead times, and meet the growing demand for high-quality medical gloves in a cost-effective manner.
Region Insights:
The medical gloves market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Europe account for a significant share of the market, driven by the presence of a well-established healthcare infrastructure, stringent regulatory standards, and high healthcare expenditure. The Asia-Pacific region is poised to witness rapid growth due to the increasing healthcare investments, expanding population base, and rising awareness regarding infection control measures.
In Latin America and the Middle East & Africa, the market growth is influenced by factors such as improving healthcare infrastructure, rising healthcare spending, and increasing government initiatives to enhance healthcare access and quality. However, the market in these regions is also characterized by challenges such as economic volatility, political instability, and limited access to advanced healthcare technologies.
Recent Developments
- In January 2023, The Medicom group made an announcement that it planned to build a nitrile glove factory named as’ ManiKHeir’ by its subsidiary’ Kolmi-Hopen', which is famous for its manufacturing of single-use medical devices for healthcare professionals.
- In November 2022, Vizient Inc. partnered with ‘Safe Source’ Direct to manufacture the chemo-rated nitrile gloves. The agreement is initiated by Vizient to increase the supply of critical medical supplies in various regions.
- In January 2020, in Canada, Medi-select, a distributor of medical and dental supplies, was acquired by Medline. This acquisition will be helpful to acquire a new customer in the country for Medi-select thus expanding a revenue growth of the market.
Medical Gloves Market Companies
- Ansell Ltd.
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- Kossan Rubber Industries Bhd.
- Cardinal Health
- Semperit AG Holding
- Rubberex
- Dynarex Corporation
- B. Braun Melsungen AG
Segments Covered in the Report
By Product
- Latex Gloves
- Nitrile Gloves
- Vinyl Gloves
- Neoprene Gloves
- Others
By Form
- Powdered Gloves
- Powder-Free Gloves
By Application
- Surgical Gloves
- Examination Gloves
By Usage
- Disposable Gloves
- Reusable Gloves
By Sterility
- Sterile Gloves
- Non-Sterile Gloves
By Distribution Channel
- E-Commerce
- Brick And Mortar Stores
By End-Use
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Diagnostics Centres
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
Blog: https://www.uswebwire.com/
0 Comments