"We Envision Growth Strategies Most Suited
to Your Business"
The global disposable medical gloves market is anticipated to grow by reaching USD 21.28 billion by 2029. Fortune Business Insights™ in its report titled “Disposable Medical Gloves Market Size, Share & COVID-19 Impact Analysis, By Application (Surgical and Examination), By Material (Latex and Synthetic), By Category (Powdered and Powder-free), By End-User (Hospitals & Clinics, Diagnostic/Pathology Labs, Dental Clinics, and Others), and Regional Forecast, 2022-2029” observes that the market size stood at USD 14.17 billion in 2021 and expected to reach USD 15.06 billion in 2022. The market projected to grow at a CAGR of 5.1% during the forecast period. Growing awareness regarding health and hygiene, rising demand for examination gloves, and mass vaccinations may foster industry progress.
Top Glove Corporation Bhd Launches its Flagship Green Product to Boost Brand Image
Top Glove Corporation Bhd launched its flagship green product in June 2019. This launch took place in conjunction with the World Environment Day. This launch may enable Top Glove Corporation to expand its product portfolio, attract consumers, and boost its brand image globally.
Strong Demand for the Product from Healthcare Sector to Boost Market Growth
The market is expected to be positively impacted during the COVID-19 pandemic due to robust disposable medical gloves. The sudden surge in COVID patients led to the adoption of high-quality and effective medical gloves. Moreover, the adoption of reduced capacities, automated production techniques, and part-time shifts may enable manufacturers to balance costs and improve brand image. These factors may propel industry growth during the pandemic.
To get a detailed report summary and research scope of this market, click here:
Strong Awareness Regarding Safety and Hygiene from Healthcare-Associated Infections (HAI) to Foster Industry Growth
The rising awareness among the population regarding the product's benefits is expected to fuel industry development. Rising healthcare expenditure from several countries is expected to boost the adoption of the product. Furthermore, the rising adoption of disposable medical gloves from the population is expected to increase sales. As per the Organization for Economic Co-operation and Development (OECD), in 2020, hospitals in Mexico reached 4,909 compared to 4,707 in 2019. In addition, the prevalence of robust healthcare infrastructure in developed countries may foster the disposable medical gloves market growth.
Manufacturers Adopt Acquisition Strategies to Improve Brand Image
Prominent companies operating in the market adopt acquisition strategies to improve brand image. For example, ANSELL LTD. acquired SANREA Healthcare Products Pvt Limited and Primus Gloves Private Limited in December 2020. The companies are the major manufacturers of disposable gloves in India. This acquisition may enable the company to boost its brand image. Furthermore, companies incorporate research and development, mergers, expansions, novel product launches, and partnerships to boost their market position globally.
Key Industry Development
List of Key Players Profiled in this Market Report
Further Report Findings
Table of Segmentation
Value (USD Billion)