Disposable Medical Gloves Market
Global Industry Analysis (2017 – 2020) – Growth Trends and Market Forecast (2021 – 2025)
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The sudden rise in need of personal protection equipment (PPE) in the healthcare industry is attributable to the emerging health concerns related to COVID-19 pandemic. Higher levels of safety awareness have prompted improved usage of medical gloves since the outbreak across various industries in commercial and non-commercial spaces. Spread of COVID-19 has definitely expanded the utility horizon of medical gloves from medical practitioners during examination and surgeries to masses for daily activities, creating unprecedented opportunities in the market.
Growing Hygiene Standards to Push Disposable Medical Gloves Market Momentum in Upward Direction
Rapid progress in global healthcare infrastructure in terms of quality and safety norms has led to stricter hygiene standards. As this trend continues, Fairfield Market Research predicts that it will positively impact the demand of disposable medical gloves. Furthermore, the solution double gloving to avoid wear and tear has significantly given the market a shot in the arm.
On the flip side, highly competitive price of gloves are likely can hamper long term growth. Users are also considering growing ecological impact associated with the disposal of these gloves, which is projected to affect the market growth negatively.
Powder-free Gloves Preferred Over Powdered Gloves
There is paradigm shift towards powder-free gloves from powdered gloves in the global disposable medical gloves market. The number of health risks associated with powdered gloves such as skin allergies have caused significant reduction in the usage of powdered gloves. As per FDA notification of 2016, powdered surgeon's gloves, powdered patient examination gloves and absorbable powder for lubricating a surgeon's glove are banned.
Other trends dictating the demand in the market are incremental usage of moisturizing agents for stress-free pull on, antimicrobial technology and manufacturing of textured gloves to aid the grip of the glove.
Surgical Gloves to Outnumber Examination Gloves in Revenue Terms
In terms of value, surgical gloves segment dominated global disposable medical gloves market in 2019. Though volume of examination gloves is higher than surgical gloves, the latter is expected to dominate revenue due to a higher price band.
In terms of revenue growth rate, examination gloves are anticipated to register highest growth till 2025 as the world reassesses its safety and hygiene standards. The COVID-19 pandemic will remain the prime contributor to this burgeoning sentiment.
Vinyl material segment held largest revenue share in 2019. The dominance of vinyl gloves is attributable to them being skin allergy-free nature. Natural rubber is second-largest material segment during 2019 in terms of revenue. The Nitrile segment is expected to exhibit highest growth rate till the end of 2025. Nitrile-based gloves are preferred to prevent contamination due to exposure to common blood borne pathogens (BBPs) such as HIV, HBV and HCV. They are considered to be products with high durability and barrier protection.
Fairfield Market Research predicts that the hospital end user segment will lead the market throughout the forecast period. Increase in number of hospitals in emerging countries such as India and China in recent past will be a key factor driving this demand. On the other, hand hospitalization cases have gone up significantly in recent times in developed nations. Rising geriatric population coupled with growing chronic diseases will fuel further demand in hospitals.
Demand for Polyisoprene Gloves on Rise in North America
North America alongside Europe is leading in terms of market revenue due to increasing healthcare expenditure and growing consumer awareness. There are stringent guidelines imposed by regulating authorities in these developed markets with regards to usage of infection protection devices. There is significant increase in demand for high quality Polyisoprene gloves for surgical procedures in the U.S. and Canada.
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period on account of growing adoption of low cost alternatives such as Nitrile gloves over natural rubber.
Malaysia: House for Disposable Medical Gloves Suppliers
Malaysian companies like Top Glove CorporationBhd(Malaysia) andHartalega Holdings Bhd(Malaysia) dominates global disposable medical gloves market on account of availability of natural rubber latex in the region. However, surgical gloves segment is dominated by global players like Ansell Ltd.(Australia) And Cardinal Health (U.S).To mitigate the unprecedented surge in demand due to COVID-19 outbreak, market participants are adopting varied growth strategies such as in-organic collaborations and scaling-up production capacities.
Some of other leading players in the market are Mckesson Corporation (U.S.), Medline Industries, Inc. (U.S.), Dynarex Corporation (U.S.), Semperit AG Holding (Austria), Kimberly-Clark Corporation (U.S.), Supermax Corporation Berhad (Malaysia), Kossan Rubber Industries Bhd. (Malaysia) and Mölnlycke Health Care AB (Sweden).