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Disposable Medical Gloves Market to Hit $11.52 Bn by 2027; Heightened Need to Prevent Cross-Contamination to Aid Market Expansion

January 18, 2021 | Healthcare

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:


https://www.fortunebusinessinsights.com/industry-reports/disposable-medical-gloves-market-101484


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.


Industry Development:



  • August 2019 – Universiti Teknologi Malaysia (UTM) entered into a collaboration with Top Glove Bhd for expanding the company’s portfolio and attracting more revenue.


List of Key Players Covered in this Market Report:



  • Top Glove Corporation Bhd (Shah Alam, Malaysia)

  • Mölnlycke Health Care AB (Gothenburg, Sweden)

  • Kossan Rubber Industries Bhd (Selangor, Malaysia)

  • Elite Surgical

  • Halyard Health (Georgia, United States)

  • Ansell Ltd (Richmond, Australia)

  • Hartalega Holdings Bhd (Kuala Lumpur, Malaysia)

  • Cardinal Health (Ohio, United States)

  • Dynarex Corporation (New York, United States)

  • KANAM LATEX INDUSTRIES PVT LTD (Kerala, India)

  • Other players


Further Report Findings



  • North America generated revenues worth USD 2.68 billion in 2019 and earned the largest disposable medical gloves market share on account of the rising demand for better quality polyisoprene gloves for surgeries, coupled with the increasing awareness about the prevention of healthcare-associated infections.

  • Based on segmentation by end-user, the hospitals & clinics segment held a 49.1% share in the market. It emerged as the dominant segment in 2019 on account of the increasing number of hospitals and clinics, especially to cope up with the current COVID-19 pandemic.


The Global Market is categorized into:















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



 



By Application



  • Surgical

  • Examination



Segmentation



By Material



  • Latex

  • Synthetic

    • Nitrile

    • Neoprene

    • Polyisoprene

    • Others





By Category



  • Powdered

  • Powder-free



By End-user



  • Hospitals & Clinics

  • Diagnostic/Pathology Labs

  • Dental Clinics

  • Others



By Geography



  • North America (the U.S., and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)



  • Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)


Disposable Medical Gloves Market
  • PDF
  • 2019
  • 2016-2018
  • 158

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