Latex medical disposables are protective apparatus wore by doctors and surgeons while performing medical procedures such as surgeries, diagnostic tests and check-ups in the clinics, hospitals, and laboratory centres. These are basically used for the purpose of safety and precautions to maintain hygiene as well as to avoid contamination between the examiner and the patient in the medical procedure. It limits risk of infection and cross-contamination from the healthcare personnel to the patient. In current scenario, latex gloves are found to be one of the most popular latex medical disposables that are being used in huge quantities across the world. The two sorts of latex gloves are powdered latex gloves and powder-free latex gloves. There is a high demand for powder-free latex gloves as it possess higher safety levels and hassle-free properties. Moreover, there are also other several products of latex medical disposables such as latex catheters, urine bags, and probes.
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The market for latex medical disposables is unequivocally growing because of the COVID-19 outbreak. There was a rapid demand for medical disposables products across the world. Initially, the supply availability was hampered due to the lockdown as suppliers were forced to temporarily shut down their businesses. However, the manufacturers increased their production to supply the fundamentals to fulfil the increasing demands. For instance, in March 2020, Top Glove Corporation expanded the production and sales of medical gloves. Moreover, in September 2020, QB Medical was launched by two business partners Mr.Rujipart Tanapattarachaitat and Mr.Tanatdaj Sillapavitsawakul to supply a several sorts of medical gloves.
The global latex medical disposables market reached pinnacle due to the increase in demand for latex nitrile disposable gloves. The demand for medical gloves increased due to the annual rise in number of surgeries performed globally. In opinion of the World Health Organization (WHO), in 2013, the number of surgeries performed was about 232 million across the world. Every surgeries, may be simple or critical, demanded the use of medical gloves as a pre-requisite for safety and precautions.
Another factor that boosts growth of the global latex medical disposables market is increasing demand of Foley catheters. The rising prevalence of chronic kidney diseases gave rise to the market as these diseases are treated through surgeries as well as dialysis treatment by using Foley catheters. According to a survey conducted by the Department of Bioengineering and Therapeutic Sciences, University of California, San Francisco in 2013, it was reported that over 650,000 patients in the U.S. suffered from end-stage renal disease (ESRD) that demanded dialysis. Furthermore, the National Kidney Foundation stated that, over 2 million people are currently undergoing dialysis or transplant for treating kidney diseases across the globe. The global latex medical disposables market also rose with the increase in use of disposable latex urine bags by patients who are vulnerable to dialysis.
The only factor that might decline growth of the global latex medical disposables market is allergy and sensitivity towards latex material. The American Latex Allergy Association reported that allergies of the latex material could cause a huge anti-impact in expansion of the market as around 8%-17% of the professionals in healthcare sector are allergic to latex.
In 2020, the latex medical disposables market was valued to be at US$ 4.7 billion and is expected to extend up to US$ 6.02 billion by 2026. It projected a growth at a CAGR of 5.9% during the forecast period 2021-2026.
Major Players Are: Supermax Corporation Berhad, Hartalega Holdings Bhd, C.R. Bard, B. Braun Melsungen, Dynarex Corporation, Top Glove Corporation, and Medtronic Plc.
The focus of the market players is towards supplying technologically advanced infection-free products to expand their market. For instance, the first disposable antimicrobial latex examination gloves were introduced by Symphony Environmental Technologies Plc in May 2018, which were developed with the use of d2p technology, to reduce the risks of antimicrobial infection from latex and maintain complete hygiene.
North America holds a dominant position followed by Europe. As per the National Kidney Foundation in 2017, it was noted that the total Medicare budget contributed towards the treatment of chronic kidney diseases is almost around 6.7%. As dialysis is one of the most effective medical practices in treating chronic kidney disease, may be stage 2 and end stage, it gave massive rise to the requirement of latex urine dialysis bags as patients suffering of these conditions requires them.
It is also expected, over the forecast period, that Asia Pacific would generate high revenue due to increasing number of surgeries and rapid developments of healthcare infrastructure in regions of India, China, Malaysia, Japan and Singapore. In 2016, Lancet Commission of Global Surgery formed a statistic with 14,833 surgical procedures per 100,000 people, which observed that Japan had highest rates of surgeries performed. Moreover, rise in per capita income and flourishing healthcare, pharmaceutical, and medical sectors within these economies play a vital role in growth of the global latex medical disposables market.
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