Disposable Medical Gloves Market
Number of pages: 100 | Report Format: PDF | Published date: October 03, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 9.56 billion |
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Revenue forecast in 2030 |
US$ 15.09 billion |
|
CAGR |
5.10% |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Type, Application, End User, and Region |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
The global disposable medical gloves market was pegged at US$ 9.56 billion in 2021 and is expected to witness a CAGR of 5.10% during the forecast period.
Market Fundamentals
Disposable medical gloves are used as safety and protective gear in the healthcare industry. These are worn to prevent medical staff and patients from cross-contamination. Disposable medical gloves are worn by medical professionals such as dentists, physicians, surgeons, laboratory technicians, and nurses before the physical examination of a patient and while handling contagious patients. These are manufactured from latex made from natural rubber, and nitrile gloves are made from synthetic rubber.
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Market Dynamics
The global disposable medical gloves market is mainly driven by the rising prevalence of infectious diseases, rising demand for safety and precaution, and a growing number of hospitals, clinics, and diagnostic centers. Additionally, increasing surgical procedures, imposing rigorous regulation on healthcare practices, and a high number of key players are contributing to the growth of the disposable medical gloves market. Moreover, growing home health care services and an increasing number of medical practitioners are further boosting the market growth. However, the increasing incidence of allergy reactions to latex and powdered gloves hinders the growth of the global disposable medical gloves market.
Market Ecosystem
The global disposable medical gloves market has been analyzed from five perspectives: type, application, end user, and region
Disposable Medical Gloves Market by Type
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Based on type, the global disposable medical gloves market has been segmented into polyethylene, neoprene, vinyl, natural rubber, nitrile, and others. Natural rubber gloves are leading the market of disposable medical gloves owing to affordability, better flexibility, and ease of wear and removal. Additionally, biodegradability, and increasing medical surgeries and the rising prevalence of chronic and infectious diseases contribute to the growth of the global disposable medical gloves market. Natural rubber disposable medical gloves are made from Hevea Brasiliense’s rubber plant, so raw materials are easily available, and their production and processing cost is also less than nitrile and vinyl gloves.
Disposable Medical Gloves Market by Application
Based on application, the global disposable medical gloves market is segmented into examination and surgical. Examination gloves are leading the global disposable medical gloves market owing to their demand for examination in hospitals, clinics, and diagnostic centers. Additionally, increasing chronic and infectious diseases and diagnostic procedures and increasing affordability of examination gloves are contributing to the growth of the global disposable medical gloves market.
Disposable Medical Gloves Market by End-User
Based on end-user, the global disposable medical gloves market has been segmented into hospitals, home healthcare, ambulatory centers, and others. The hospitals segment leads the global disposable medical gloves market owing to increasing patient footfall for diagnosis and treatment in the hospital, improved healthcare system, rising medical procedures, and growing prevalence of chronic and infectious diseases such as COVID-19, H1N1, cancer, cardiovascular disease, etc., that are creating awareness about the benefits of early detection which is increasing patient footfall to hospitals and clinics.
Disposable Medical Gloves Market by Region
Based on region, the global disposable medical gloves market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominated the global disposable medical gloves market in terms of revenue share. The large share of North America in the global market can be attributed to the advanced healthcare system, increasing regulation of healthcare practices, and a growing number of hospitals and clinics. Additionally, increasing healthcare expenditure, the prevalence of infectious diseases in the region, and increasing home health care services are fueling the North American disposable medical gloves market. Asia Pacific is also expected to show exponential growth in upcoming years owing to the region's high prevalence of chronic and infectious diseases and growing awareness about safe medical practices.
Competitive Landscape
Some of the prominent players operating in the global disposable medical gloves market are
Strategic Developments
The increasing prevalence of chronic and infectious diseases, growing awareness about safety and precautions, and imposing strict regulations on medical practices are driving the global disposable medical gloves market.
The expected CAGR for the global disposable medical gloves market is 5.10% during the forecast period from 2022 to 2030.
The estimated market size of the global disposable medical gloves market US$ 15.09 billion in 2030.
North America and Asia Pacific are the key growth regions in the global disposable medical gloves market.
Ansell Ltd., B. Braun Melsungen AG, Cardinal Health, Dynarex Corp., Hartalega Holdings Berhad, Kimberly-Clark Corporation, Kossan Rubber Industries Bhd., Mölnlycke Health Care AB, Rubberex, Semperit AG Holding, Sri Trang Agro-Industry Plc., Supermax Corporation, and Berhad Top Glove Corporation Bhd. among others.
*Insights on financial performance is subject to availability of information in public domain