Market Definition
Medical gloves are hand gloves used by healthcare providers in order to limit infection transfer into patients. Medical gloves are made of various materials and are accessible in the market through both online and offline channels.
Market Outlook
The global Medical Gloves Market was valued at US$ 15.4 billion in 2021 and it is anticipated to grow up to US$ 35.6 billion by 2031, at a CAGR of 8.7% during the forecast period.
Medical gloves are mostly used during diagnostic tests and procedures to maintain sanitation, the safety of patients and caregivers, and the prevention of infections. Disposable gloves are commonly used in the healthcare industry to prevent the spread of infectious bacteria between patients and physicians.
The Growing Demand for Powder-free or Non-powdered Medical Gloves. The usage of latex gloves has resulted in an increase in allergic or hypersensitive responses among healthcare personnel. On the wrists and hands, allergic responses such as irritant contact dermatitis, a non-immunologic response to an irritant, or skin damage occur. As a result, the worldwide gloves market is predicted to grow as individual’s transition to non-powdered or powder-free gloves, synthetic gloves, or low-protein latex gloves.
Furthermore, Increase of surgical procedures. The increasing number of surgical operations performed for a variety of causes such as car accidents, cosmetic enhancements, and surgeries connected to old age, and much more is directly driving market growth. Additionally, the increasing introduction of innovative and advanced surgical items into the market is paving the way for development. The above aforementioned factors can increase the market growth.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Medical Gloves Market Segmental Overview
The report analyses the global Medical Gloves Market based on type, form, raw material, end-user and region. Global Medical Gloves Market by Type Based on type, it is segmented into examination, chemotherapy and surgical. The examination segment is expected to be the largest segment in the Medical Gloves Market in 2021. Furthermore, Examination gloves keep infectious pathogens from spreading illness between patients and healthcare personnel. They are accessible on the market in both sterile and non-sterile forms. Most examination gloves are composed of latex and are commonly used in medical examinations, diagnostic examinations, and other lab operations.
Global Medical Gloves Market by Form Based on form, the market is bifurcated into powdered, and non-powdered. Non-powdered medical gloves accounted for 68.97% of revenue and 73.12% of volume in 2021. Initially, the powdered glove sector dominated the business. Powdered gloves, on the other hand, were causing severe allergies and skin irritations in users, influencing them to switch to powder-free gloves. To prevent the usage of powdered gloves, several organizations issued numerous rules. This has significantly reduced the usage of powdered gloves in the medical gloves industry, providing non-powered gloves a larger proportion. Global Medical Gloves Market by Raw Material Based on material, the Medical Gloves market is segmented into latex, nitrile, vinyl, and others. In 2021, the nitrile glove market accounted for 55.20% of total revenue, while the latex sector accounted for 45.56% of total volume. Nitrile latex gloves are now nearly as breathable and pleasant as natural rubber latex gloves. Furthermore, nitrile latex gloves may be sanitized without compromising their physical qualities. As a result of their improved performance, several industries in the medical gloves industry prefer nitrile latex gloves.
Global Medical Gloves Market by End-User Based on end-user, the Medical Gloves market is segmented into hospitals, diagnostic laboratories, ambulatory surgical centers, and others. The hospital end-user sector accounted for 54.08% of revenue and is expected to maintain its dominance in the market throughout the projection period. Hospitals are the primary point of contact for health-related concerns. Furthermore, hospitals are popular locations for operations because they are equipped with the necessary equipment and have qualified personnel on staff to manage difficult situations. Physicians, nurses, and other caregivers use gloves as part of the normal procedure, which contributes considerably to the global medical gloves market by preventing disease transmission among healthcare personnel and patients.
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Major Players in the Global Medical Gloves Market
The key players studied in the global Medical Gloves Market are Ansell Ltd (Australia), Arista Networks, Inc. (US), Cardinal Health (US), Jiangsu Jaysun Glove Co.Ltd (China), Kossan Rubber Industries Bhd (Malaysia), Medicom (Canada), Medline Industries, Inc. (US), Semperit AG Holding (Austria), Supermax Corporation Berhad (Malaysia), YTY Group (Malaysia)
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2024 – US$ 15.4 Billion
- Market Size in 2033 – US$ 35.6 Billion
- CAGR – 8.7%
- Historic Period – 2015-2022
- Forecast Period – 2024-2033
- Base Year – 2024
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