"We Envision Growth Strategies Most Suited
to Your Business"
The global disposable medical gloves market size is estimated to hit USD 11.52 billion by 2027 on account of the increasing awareness related to personal health and hygiene to ensure protection from viral and bacterial infections. Disposable medical gloves are used by healthcare professionals during general examination processes or surgical procedures as protection from viral or bacterial infection spread. A recent report by Fortune Business Insights, 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) End User (Hospitals & Clinics, Diagnostic/Pathology Labs, and Others), and Regional Forecast 2020-2027” says that the value of this market was USD 5.98 billion in 2019 and will rise at a CAGR of -0.19% between 2020 to 2027.
Top Glove Industrial Collaboration Grant Awarded to the University Teknologi Malaysia (UTM) by Top Glove Corporation
Top Glove Corporation and the University Teknologi Malaysia signed a memorandum of agreement for performing glove-related research in August 2019. The company also declared a new award to the UTM at the time of a ceremony held in the Top Glove Tower Headquarters, presenting a mock check to the winning team from UTM. This is expected to open the gates of extensive research and development activities for innovative glove-making ideas, ranging from glove mold engineering to using waste and recyclable waste management systems for manufacturing products. Researchers are also engaged in developing new technologies for supporting process enhancements and automation and the use of products such as synthetic and natural latex for making disposable medical gloves. Such innovations are expected to add impetus to the market in the coming years.
To get a detailed report summary and research scope of this market, click here:
Rising Need for Maintaining Personal Hygiene amid COVID-19 to Augment Growth
The current COVID-19 pandemic is a major factor boosting the disposable medical gloves market growth. The coronavirus has not only impacted the healthcare sector but has also propelled the demand for medical and surgical products all over the world. This, coupled with the increasing importance of personal hygiene and safety, is providing a substantial boost to the market. Additionally, the proliferation of hospitals and clinics worldwide will also add impetus to the market in the coming years.
On the contrary, factors such as the high cost of raw materials used for making disposable gloves such as natural rubber or synthetic rubber may hamper the growth of the market in the coming years. Furthermore, certain skin conditions occurring as a result of the continuous use of medical gloves such as skin rashes, irritation, and others may also challenge the market. Nevertheless, the increasing research and development and the advent of powder-free medical gloves are expected to help the market showcase new growth opportunities in the forecast years.
Innovation in Glove Production to Increase Productivity to Intensify Market Competition
The global market is consolidated in nature on account of the presence of a handful of players. The availability of natural rubber latex in the Malaysian region is high and this strengthens the position of the companies in this region. Some of the companies included in this market include Top Glove Corporation, Hartalega Holdings Bhd., Cardinal Health, and Molnlycke Health Care AB. The main objective of the players is to develop new allergy-free gloves by adopting the latest technologies. The other players are investing in the production and distribution of powdered latex or synthetic rubber gloves to generate more revenue in the coming years.
List of Key Players Covered in this Market Report:
Further Report Findings
The Global Market is categorized into:
Value (USD Billion)