Medical Nitrile Gloves Market Scope
Market Research Future (MRFR) expects the medical nitrile gloves market to surpass USD 5,897.81 million by the end of the review period (from 2020 to 2027). Throughout the analysis period, the medical nitrile gloves market size can continue to grow at a rate of 8.50%, reveals MRFR.
Growth Factors & Challenges
Surge in the number of surgeries across the globe, coupled with the soaring cases of chronic and acute ailments will enhance the demand for medical nitrile gloves in the years ahead. The global market share will further be fostered by the mounting concerns in healthcare regarding cross contamination along with the blossoming elderly patient base in various countries.
The vast geriatric populace is constantly in need of medical services, raising the requirement for surgeries as well, which results in a higher product demand. The significant growth in bone fractures as well as the escalating number of medical facilities in emerging countries could present lucrative opportunities to the market participants in subsequent years.
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The medical nitrile gloves market, in context of type, comprises non powdered, as well as powdered. Non-powdered medical nitrile gloves represent the top segment in the market owing to the surging requirement for skin-friendly medical gloves.
The medical nitrile gloves industry, in terms of usage, can be categorized into reusable, and disposable.
Major applications of medical nitrile gloves are surgical and examination. Nitrile surgical gloves are used extensively by surgeons given their significant quality, high sensitivity as well as accuracy, which are requirements during a surgery.
The distribution channels in the medical nitrile gloves industry are medical store, along with direct selling. Direct selling distribution channel forms the leading category in the market, as this medium of selling medical nitrile gloves helps cut down the intervention of intermediaries like local distribution centers, wholesalers, and more.
Some of the key end-users of medical nitrile gloves are diagnostic centers, hospitals &clinics, rehabilitation centers, ambulatory Surgical Centers (ASCs), and more. The hospitals and clinics segment are in the lead, thanks to the soaring influx of patients being admitted in these medical settings for disease detection as well as surgical procedures. Hospitals and clinics make use of a variety of medical nitrile gloves like surgical gloves, and examination gloves.
North America lands the highest spot in the global industry for medical nitrile gloves, especially since the COVID-19 outbreak, coupled with the rampant urgency to curb cross-contamination and cut down infection transmission. The region’s dominance in the worldwide market is in response to the constant product and technological advancements. Many of the eminent contenders like Cardinal Health, Inc., and Supermax Corporation Berhad offer a wide variety of high-quality medical nitrile gloves with multiple functions. A massive demand is generated by the pharmaceutical sector, emerging as a major end-user and will be responsible for the market growth in the coming few years.
Securing the second position in the market is Europe, as the demand for medical nitrile gloves continues to mount rapidly due to the growing medical tourism industry in the region. Europe benefits from the imposition of rigid regulations focused on reducing crosses-contamination in medical facilities like hospitals. The medical nitrile gloves developers in the region are constantly working on boosting their supply chains to meet with the surging demand, which will further enhance the market position in the approaching years.
Asia Pacific will create a substantial space for itself in the medical nitrile gloves, capturing the fastest CAGR in the ensuing years. The dramatic pace at which the healthcare industry is expanding in the region and the mounting number of surgeries add considerably to the industry value. The surge in the industrialization growth rate combined with the rise in the production capacity in India, Vietnam, China, and Philippines strengthen the market position as well. Additionally, South Korea, Japan, and Malaysia are progressively using industrial robots throughout the manufacturing process, which elevates the production rate of medical nitrile gloves.
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Shield Scientific B.V. (Netherland), Mercator Medical S.A, (Poland), Dynarex Corporation (US), Ansell Healthcare (US), Kossan Rubber Industries Bhd (KRI) (Malaysia), Atrium Medical Care (US), Kimberly Clark (US), 3M (US), SHIELD Scientific (France), Supermax Healthcare Limited (UK), McKesson Corporation (US), Medline Industries In (US), Honeywell International Inc (US), Top Glove Corporation Bhd (Malaysia), Hartalega Holdings Berhad (Malaysia) are the biggest developers of medical nitrile gloves in the global industry.
American Nitrile has set up a new highly advanced manufacturing unit in Ohio for nitrile gloves with applications in healthcare, industrial use, and government. The 527,000-square-foot production unit in Grove City, Ohio will be starting early 2022, leading to 400 new jobs. The company’s research says that nitrile gloves are experiencing a massive demand following the COVID-19 outbreak, not just the healthcare sector but also in retail, hospitality, and more.
ICONIC Worldwide Bhd has been granted the 510(k) premarket clearance from the USFDA (Food and Drug Administration) to market nitrile powder-free gloves in America. This FDA clearance has been received by the company at the perfect time, as it has begun the operations in its latest PPE manufacturing unit for gloves as well as face masks in Batu Kawan, Penang.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
2 MARKET INTRODUCTION 17
2.1 SCOPE OF THE STUDY 17
2.2 RESEARCH OBJECTIVE 17
2.3 MARKET STRUCTURE 17
2.4 ASSUMPTIONS & LIMITATIONS 18
3 RESEARCH METHODOLOGY 19
3.1 DATA MINING 19
3.2 SECONDARY RESEARCH 19
3.3 PRIMARY RESEARCH 20
3.4 BREAKDOWN OF PRIMARY RESPONDENTS 21
3.5 FORECASTING TECHNIQUES 22
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 23
3.6.1 BOTTOM-UP APPROACH 24
3.6.2 TOP-DOWN APPROACH 24
3.7 DATA TRIANGULATION 25
3.8 VALIDATION 25
4 MARKET DYNAMICS 26
4.1 OVERVIEW 26
4.2 DRIVERS 27
4.2.1 RISING INCIDENCES OF COVID-19 27
4.2.2 INCREASING DEMAND AND SHORTAGE OF MEDICAL NITRILE GLOVES 27
4.2.3 REFINED FEATURES AS COMPARED TO OTHER TYPES 28
4.3 RESTRAINTS 29
4.3.1 INCREASING COUNTERFEIT PRODUCTS & RISING PRICE 29
4.4 OPPORTUNITIES 30
4.4.1 NEW PRODUCT LAUNCH AND COLLABORATION FOR OPTIMIZATION OF PRODUCTION PROCESS 30
5 MARKET FACTOR ANALYSIS 31
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