November 21, 2024

Medical Gloves Market Size to Grow USD 185.89 Billion by 2033

The global medical gloves market size accounted for USD 34.86 billion in 2023 and is predicted to attain around USD 185.89 billion by 2033, growing at a CAGR of 18.22% from 2024 to 2033

Key Points

  • North America dominated the market, with the United States leading in terms of market share in 2023.
  • Asia Pacific is observed to be the fastest-growing region in the market during the forecast period.
  • By product, the nitrile gloves segment held the largest share of the market in 2023.
  • By form, the powder-free gloves segment held the largest share of the medical gloves market in 2023.
  • By application, the examination gloves segment led the market with the largest share in 2023.
  • By usage, the disposable gloves segment held the largest market share in 2023.
  • By sterility, the non-sterile gloves held the largest share of the market in 2023.
  • By distribution channel, the brick-and-mortar stores segment held the largest market share in 2022 and dominated the medical gloves market globally.
  • By an end-use, the hospital segment held the largest share and dominated the medical gloves market in 2023.

Medical Gloves Market Size 2024 to 2033

The medical gloves market is a crucial segment within the healthcare industry, providing essential protection for both healthcare professionals and patients against infections and contaminants. Medical gloves are indispensable in various healthcare settings, including hospitals, clinics, diagnostic laboratories, and ambulatory surgical centers. These gloves serve as a barrier against pathogens, bodily fluids, and other hazardous materials, thus minimizing the risk of cross-contamination and infection transmission. The market for medical gloves encompasses a wide range of products, including latex gloves, nitrile gloves, vinyl gloves, and others, catering to diverse needs and preferences of healthcare practitioners worldwide.

Get a Sample: https://www.precedenceresearch.com/sample/3942

Growth Factors:

Several factors contribute to the growth of the medical gloves market. Firstly, the increasing emphasis on infection prevention and control measures in healthcare facilities drives the demand for medical gloves. With the rising prevalence of infectious diseases and the growing awareness of healthcare-associated infections (HAIs), healthcare providers prioritize the use of medical gloves to maintain a sterile environment and ensure patient safety. Additionally, the expansion of the healthcare sector globally, coupled with the rising number of surgical procedures and medical examinations, fuels the demand for medical gloves. Moreover, stringent regulations and standards mandating the use of gloves in healthcare settings further boost market growth, as adherence to these guidelines becomes imperative for healthcare providers.

Medical Gloves Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 18.22%
Global Market Size in 2023 USD 34.86 Billion
Global Market Size by 2033 USD 185.89 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Form, By Application, By Usage, By Sterility, By Distribution Channel, and By End-Use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Medical Gloves Market Dynamics

Drivers:

Several drivers propel the growth of the medical gloves market. One significant driver is the increasing incidence of contagious diseases and pandemics, such as the COVID-19 outbreak, which underscores the importance of personal protective equipment (PPE), including medical gloves. The heightened awareness of infection control measures and the need for hand hygiene drive the adoption of gloves among healthcare professionals and the general population alike. Furthermore, technological advancements in glove manufacturing, such as the development of latex-free and powder-free gloves, enhance comfort, flexibility, and barrier protection, driving their uptake in healthcare settings. Additionally, the growing trend of outpatient surgeries and the expansion of the geriatric population contribute to market growth, as these demographic segments require frequent medical interventions and care, driving the demand for medical gloves.

Restraints:

Despite the promising growth prospects, the medical gloves market faces certain restraints that impede its growth trajectory. One significant restraint is the environmental impact associated with the disposal of single-use gloves, particularly those made from non-biodegradable materials such as latex and nitrile. The accumulation of medical waste, including discarded gloves, raises environmental concerns and necessitates sustainable waste management practices. Additionally, fluctuations in raw material prices, especially for latex, impact the production costs of medical gloves, leading to pricing pressures for manufacturers. Moreover, concerns regarding latex allergies among healthcare workers and patients pose a challenge to the widespread adoption of latex gloves, prompting the industry to explore alternative materials.

Opportunity:

Despite the challenges, the medical gloves market presents promising opportunities for innovation and growth. One notable opportunity lies in the development of eco-friendly and biodegradable glove materials, addressing environmental concerns and promoting sustainability in healthcare practices. Manufacturers are increasingly investing in research and development to create gloves using renewable resources and biodegradable polymers, thereby reducing their environmental footprint. Furthermore, the growing demand for specialized gloves, such as chemotherapy gloves and sterile surgical gloves, presents an opportunity for market expansion. As healthcare providers prioritize patient safety and infection control, there is a growing need for gloves tailored to specific clinical applications, opening avenues for product diversification and customization.

Read Also: Kidney Stone Management Market Size to Worth USD 4.65 Bn by 2033

Region Insights:

The medical gloves market exhibits regional variations influenced by factors such as healthcare infrastructure, regulatory landscape, and disease burden. In North America, stringent regulations mandating glove use in healthcare settings, coupled with the high prevalence of chronic diseases, drive market growth. The presence of key players and advanced healthcare facilities further fuels demand for medical gloves in the region. Similarly, Europe boasts a robust healthcare system and stringent infection control protocols, contributing to the steady growth of the medical gloves market. In Asia-Pacific, the rising healthcare expenditure, expanding medical tourism industry, and increasing awareness of infection control measures propel market growth. Emerging economies in the region, such as China and India, offer lucrative opportunities for market expansion, driven by the growing healthcare infrastructure and rising healthcare expenditure. Meanwhile, the Middle East and Africa region witness steady growth, driven by investments in healthcare infrastructure and efforts to combat infectious diseases.

Recent Developments

  • In January 2023, The Medicom group made an announcement that it planned to build a nitrile glove factory named as’ ManiKHeir’ by its subsidiary’ Kolmi-Hopen’, which is famous for its manufacturing of single-use medical devices for healthcare professionals.
  • In November 2022, Vizient Inc. partnered with ‘Safe Source’ Direct to manufacture the chemo-rated nitrile gloves. The agreement is initiated by Vizient to increase the supply of critical medical supplies in various regions.
  • In January 2020, in Canada, Medi-select, a distributor of medical and dental supplies, was acquired by Medline. This acquisition will be helpful to acquire a new customer in the country for Medi-select thus expanding a revenue growth of the market.

Medical Gloves Market Companies

  • Ansell Ltd.
  • Top Glove Corporation Bhd
  • Hartalega Holdings Berhad
  • Supermax Corporation Berhad
  • Kossan Rubber Industries Bhd.
  • Cardinal Health
  • Semperit AG Holding
  • Rubberex
  • Dynarex Corporation
  • B. Braun Melsungen AG

Segments Covered in the Report

By Product

  • Latex Gloves
  • Nitrile Gloves
  • Vinyl Gloves
  • Neoprene Gloves
  • Others

By Form

  • Powdered Gloves
  • Powder-Free Gloves

By Application

  • Surgical Gloves
  • Examination Gloves

By Usage

  • Disposable Gloves
  • Reusable Gloves

By Sterility

  • Sterile Gloves
  • Non-Sterile Gloves

By Distribution Channel

  • E-Commerce
  • Brick And Mortar Stores

By End-Use

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres
  • Diagnostics Centres
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/


Prathamesh

Leave a Reply

Your email address will not be published. Required fields are marked *