Global Medical Gloves Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
Global Medical Gloves Market is expected to grow significantly from USD 5.01 billion in 2017 to USD 7.72 billion in 2024, at a moderate CAGR 6.4% from 2018 to 2024.
This growth is attributed to the growing number of hospitals and pharmaceutical in developing countries, increasing incidences of pandemic diseases. Moreover, advancement in gloves technology and rising awareness regarding hygiene is further boosting the growth of the market.
The years used for the assessment are as follows:
Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total global medical gloves market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global medical gloves market
Finalizing the overall size and share of the global medical gloves market
To analyze market trends, opportunities, drivers, and restraints associated with the global medical gloves market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the global medical gloves market and provide their competitive landscape
The research scope for Global medical Gloves Market is as follows:
Type of Material
By Gloves Type
Powder-Free Form Gloves
Powdered Form Gloves
Non Medical Use
Ambulatory Surgery Center
Middle East and Africa
The global medical gloves market is expected to grow significantly from USD 5.01 billion in 2017 to USD 7.72 billion in 2024, at a CAGR 6.4% from 2018 to 2024. This growth is attributed to the growing number of hospitals and pharmaceutical in developing countries, increasing incidences of pandemic diseases. Moreover, advancement in gloves technology and rising awareness regarding hygiene is further boosting the growth of the market.
Medical gloves are an important everyday product for all medical professionals working in a healthcare environment. The gloves not only protect them also create a safety zone in the working environment. Medical gloves are available in a variety of different materials, including nitrile rubber, latex, neoprene, and vinyl. The technology advancement has resulted in supporting utilities made up of high quality polymer.These materials offer high wear and tear resistance. Further in 2016, Food and drug administration (FDA) had decided to put a ban on powdered surgical gloves on account of their breathing effects. Medical gloves effectively reduce the risk of transmitting diseases such as HIV, contaminated blood, hepatitis, and others. In the pharmaceutical industry, the medical gloves protect the worker from chemical hazards, and APIs form cross-contamination.
On the basis of type of material
- The natural rubber segment hold major share of the market in 2017, owing to growing demand in chemical and healthcare industries, the natural rubber is good resistance to many acids and alcohols
- The polyethylene segment was the fastest growing segment of the market in 2017
Based on application, the medical use segment hold the major share of market due to growing number of surgery and clinical used.
Geographically, North America held the maximum share of global medical gloves market. The growth in this region attributed to growing incidence of transmitting diseases, and growing awareness regarding hygiene. Europe holds second largest market share in 2017. Asia Pacific will witness the highest growth rate of medical gloves in coming year owing to growing number of hospitals and healthcare industries in this region.
Some of the key companies operating in the market include Supermax Corporation Berhad; RUBBEREX; Top Glove Corporation Bhd; Semperit AG Holding; Kossan Rubber Industries Bhd; Cardinal Health; Ansell; PAUL HARTMANN AG; United Medical Industries Co. Ltd.; Dynarex Corporation, and among others.