The global Disposable Gloves Market was valued at $6,146.2 million in 2016, and is expected to reach $10,061.0 million by 2023, registering a CAGR of 7.5% during the forecast period.
The adoption of disposable gloves has increased over the years owing to the rise in safety concerns and hygiene. Additionally, the growing number of end users coupled with the advancements in technology will also aid in supplementing the market growth. However, toxic reaction caused by gloves and high price competition from local manufactures will impede the growth of disposable gloves market. For instance, the accelerators and other chemicals used to manufacture latex and non-latex gloves causes allergic reactions such as irritant contact dermatitis. Moreover, the introduction of disposable gloves in untapped economies will create lucrative opportunities in the market.
Get Report Sample: https://www.alliedmarketresearch.com/request-sample/274
Disposable gloves are used at the time of medical examinations and procedures to ensure that there is no cross-contamination between a patient and a caregiver. The use of gloves prevents spreading of infection due to blood flow, pathogens, and other external factors.
The growth of the disposable gloves market is backed by factors such as the need for maintaining safety and hygiene in medical applications, improved healthcare practices, and the growing number of end users such as healthcare, food industries, etc. However, the toxic reaction from certain gloves and competitive pricing offered by local manufacturers are likely to impede the market growth. On the other hand, advancements in technology related to the development of novel disposable gloves are anticipated to provide great opportunities for the market players in the future.
Among the forms discussed, the powdered disposable gloves captured the largest market share in 2016 and is anticipated to maintain its lead throughout the forecast period. The segment is also likely to grow at the fastest CAGR of 4.9%.
Among the types, the non-powdered disposable gloves segment is likely to maintain its lead in terms of revenue, due to its benefits such as lower risk of side effects. The segment is likely to grow at a CAGR of 11.7% during the forecast period, due to its higher adoption rate. Natural rubber gloves are the most popular gloves used and it is likely to experience a CAGR of 7.2% during the study period.
Medical gloves captured the highest market share in 2016, and it is expected to grow at a CAGR of 6.9% during the forecast period. This is due to the increased use of such gloves for medical examination activities. On the other hand, the high adoption of non-medical gloves in the food service industry and cleanroom activities is likely to propel the market for non-medical applications.
The market in North America is dominant, owing to new product innovations resulting from technological advancements in the region. The launch of advanced products such as puncture-resistant gloves, temperature-resistant gloves, and others has propelled the industry growth. Europe and Asia-Pacific together occupied for nearly half of the market share in 2015.
For More Information: https://www.alliedmarketresearch.com/connect-to-analyst/274
The prime companies providing solutions in the global disposable gloves market are
- Top Glove Corporation Berhad,
- Supermax Corporation Berhad,
- Semperit AG Holding,
- Rubberex Corp. M Bhd,
- Kossan Rubber Industries Bhd.,
- Hartalega Holdings Berhad,
- Dynarex Corporation,
- Cardinal Health, Inc.,
- B. Braun Melsungen AG,
- Ansell Limited
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060