According to Renub Research’s latest report, “Medical Gloves Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” Global Medical Gloves Market is estimated to reach US$ 19.30 Billion by 2027. A medical glove is disposable and reusable and comprises examination gloves, surgical gloves, and medical gloves for handling chemotherapy agents (chemotherapy gloves). The FDA controls these gloves as Class I reserved medical devices that need a 510(k) premarket notification. FDA analyses these devices to ensure that performance criteria, namely leak resistance, tear resistance, and biocompatibility, are met. It is used during medical examinations and procedures to help avoid cross-contamination between healthcare workers and patients and prevent the spread of illness or infections. Medical gloves are made of different polymers, including latex, nitrile rubber, polyvinyl chloride, and neoprene; they come unpowered or powdered with corn starch to lubricate the gloves, creating them easier to put on the hands.
Due to the increasing occurrence of various chronic diseases, and significant progress related to medical gloves are anticipated to generate massive growth opportunities in the market. The availability of an advanced variety of medical gloves for treatment, examination, and surgical procedures contributes to the medical gloves market revenue. In developing nations, the prevalence rate of contagious diseases has long been the leading cause of mortality and morbidity. The increasing demand for medical surgical procedures, especially cosmetic surgery, and China’s flourishing medical tourism industry are driving the medical gloves industry.
Medical gloves are personal protective equipment calculated to prevent the expansion of infection and contaminations during patient examination and medical procedures. These gloves act as a barrier, protect against bacterial or fungal infection and safeguard from hazardous chemicals. In addition, several nations’ initiatives for increasing healthcare expenditure and developing infrastructure have crucially proven beneficial for the medical gloves market. As a result, encouraging government initiatives to create awareness regarding safety and hygiene along with chronic disease conditions is further expected to result positively.
Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=medical-gloves-market-p.php
The rigid prices by several market players for the same quality gloves have lowered the market value among the customers, thereby hindering their adoption rate, especially in emerging markets. On the other hand, exposure to COVID-19 drives the demand for medical gloves for several healthcare operations. This comes from adopting competitive evaluating strategies by several market players for customer acquisition.
COVID-19 boosted the Medical Gloves Industry
The COVID-19 pandemic has particularly impacted the medical gloves industry, as it has given rise to an unexpected surge in demand for medical supplies. As a result, the healthcare industry is generating a huge demand for personal protective equipment (PPE), like medical gloves, to keep safe patients and frontline health workers from the transmission of the virus during medical examinations and treatment. Besides, the expanding pool of patients has resulted in a significant rise in the number of suppliers of these products.
Improvements in medical gloves have enlarged treatment compliance and promoted the taking of medical gloves positively. Still, as the frequency rate of Covid-19 fell, the demand for personal protective equipment dropped in 2022, resulting in pre-pandemic demand levels for medical gloves. Therefore, implementing strategies to minimize infections and other risks during the COVID-19 pandemic surged the demand for medical gloves and is anticipated to uplift business growth in the coming years positively.
Request a free Brochure copy of the report: https://www.renub.com/request-brochure-page.php?gturl=medical-gloves-market-p.php
Guidelines and standards suggested by the U.S. Food and Drug Administration (FDA) and World Health Organization (WHO) included exacting use of medical gloves for all healthcare procedures, including examination, surgical interventions, routine check-ups, tests, etc. This arose in high demand for medical gloves in 2020 to safeguard patients and doctors from cross-contamination of the disease.
Raw Materials: Nitrile gloves dominate the Market Share
Based on raw material, Nitrile gloves dominate the market share during the forecast period 2027 due to rising use by healthcare professionals. Therefore, the raw material market was segmented into latex gloves. In addition, Nitrile gloves are commonly used in chemistry labs and other industrial environments. They are suitable for handling corrosive acids, bases, and many organic solvents. They are also famous for general food preparation because they resist odors and stains. Also, comfort & elastic feeling, as well as enhanced protection against chemicals, have been tested for resistance to particular chemicals and chemotherapy drugs.
Sterility: Non-Sterile Gloves holds the Largest Market Revenue
Based on Sterility, the Global Medical Glove market was categorized into two types: sterile and Non–Sterile gloves. Non-Sterile gloves hold the largest market revenue during the forecast period 2027 due to rapid use in hospitals and clinics and have minimal risk of infections, and can be used multiple times as compared to sterile gloves. Non-Sterile gloves provide various benefits, including aseptic procedures such as contact with mucous membranes, body secretions, excretions, blood, body fluids, and even surfaces contaminated by bodily fluids.
Form: Non-Powdered holds the most Significant Market Revenue
Based on the form, Non-Powdered holds the most significant market revenue in 2021 due to increasing demand for healthcare workers. In addition, such gloves are more skin-friendly and far more robust. Furthermore, Non-Powdered gloves offer accurate control, better accessibility during patient examination, and resilience to temperature alterations. To decrease the vulnerability to natural latex proteins, the National Institute of Occupational Safety and Health (NIOSH) recently issued a safety notice advocating using powder-free gloves and reducing the allergens caused by protein-content latex gloves.
Application: Surgical Gloves holds the Largest Market Share
On-application type surgical gloves held the largest market share due to wornrgeons and healthcare professionals and were specially designed and direct contact with harmful objects. The primary purpose of surgical gloves is to act as a protective barrier to prevent the possible transmission of diseases between healthcare professionals and patients during surgical procedures, and wearing gloves protects against skin absorption of chemicals, chemical burns, thermal burns, lacerations, and cryogenic liquid exposure. However, choosing the appropriate hand protection can be challenging in a laboratory setting.
End Users: Hospital holds the Maximum Market Share
End Users classified the market into Hospitals, Clinics, Ambulatory Surgery, Diagnostic centers, and others. The hospital holds the maximum market share during the forecast period in 2027 due to increasing patient admissions in clinics, examination procedures, and demand for advanced technology advancements in the hospital sector.
Regions: North America dominates the Medical Gloves Industry
Geographically, the medical glove market was bifurcated into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. North America dominated the largest market share during the accounting period in 2021 due to increasing demand for disposable gloves, awareness among the general population regarding safety and hygiene, powder-free gloves, and other factors driving the growth of this market. Europe is anticipated to hold the maximum market revenue during the accounting period 2021 due to advanced healthcare infrastructure and a rising number of patients.
Key Players Analysis
Some major key players operating in the medical glove industry include Cardinal Health Inc., Honeywell International Inc., 3M Company, Ansell Limited, Simpered AG Holdings, Koss a Rubber Industries BHD, Hartalega Holdings Berthed, and Care Plus Group Berthed.
- In July 2021, hospital supply group Premier Inc. and Honeywell International announced that they would be releasing a new venture that would efficiently manufacture 750 million nitrile exam gloves in the U.S. by the year.
- In March 2021, Hartalega Holdings Berhad acquired land in Kedah from Northern Gateway Free Zone Sdn Bhd of 250 acres for USD 55.4 million to spread its manufacturing operations of gloves.
Raw Material – Medical Glove market breakup from 5 viewpoints:
- Latex gloves
- Nitrile gloves
- Vinyl gloves
- Neoprene gloves
- Others
Sterility – Medical Glove Market breakup from 2 viewpoints:
- Sterile gloves
- Non- Sterile gloves
Form – Medical Glove Market breakup from 2 viewpoints:
- Powdered Form
- Non – Powdered Form
Application – Medical Glove Market breakup from 2 viewpoints:
- Examination Gloves
- Surgical Gloves
End User- Medical Glove Market breakup from 5 viewpoints:
- Hospital
- Clinical
- Ambulatory Surgery.
- Diagnostic Centre
- Others
Company Analysis:
- Cardinal Health Inc.
- Honeywell International Inc.
- 3M Company
- Ansell Limited
- Semperit AG Holdings
- Kossan Rubber Industries BHD
- Hartalega Holdings Berhad
- Care plus Group Berhad
Browse Related Report:
Surgical Drill Market: https://tinyurl.com/39uc8cdu
Surgical Imaging Market: https://tinyurl.com/4adsejrx
Liposuction Surgery Device Market: https://tinyurl.com/2p8kcysa
Cardiovascular Surgical Devices Market: https://tinyurl.com/48d4d28e
Surgical Robots Market: https://tinyurl.com/5ffxdtj2
About Us
Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
Contact Us
Renub Research
Phone: +1-478-202-3244 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research