Medical Gloves- Market Insights, Competitive Landscape and Market Forecast–2027

Medical Gloves- Market Insights, Competitive Landscape and Market Forecast–2027

Medical Gloves Market By Product Type (Latex Gloves, Nitrile Gloves, Vinyl Gloves, And Others), By Form Type (Powder-Free Gloves And Powdered Gloves), By Application Type (Examination Gloves And Surgical Gloves), By Usage Type (Disposable Gloves And Reusable Gloves), By Distribution Channel (Hospitals, Medical Store, Online, And Others), by geography is expected to grow at a steady CAGR forecast till 2027 owing to rising awareness of hygiene in healthcare industry and rising prevalence of infectious diseases

Global medical gloves market is estimated to grow at a CAGR of 5.20% during the forecast period from 2022 to 2027 to reach USD 19,952 million by 2027. The increase in demand for medical gloves is primarily attributed to the rising awareness and demand of protective gears such as gloves after the onset of pandemic in healthcare systems, rising prevalence of infectious diseases, and hospital acquired infections. Further, the increase in number of surgeries across the world are anticipated to bolster the market, thereby contributing to the growth of the medical gloves market during the forecast period from 2022-2027.

Medical Gloves Market Dynamics:

The medical gloves market is witnessing a growth in product demand owing to various reasons. The increase in demand for medical gloves is primarily attributed to the rising awareness and demand of safety and protective equipments in healthcare systems, rising prevalence of infectious diseases and hospital acquired infections. For instance, according to Center for Disease Control and Prevention (CDC), Weekly U.S. Influenza Surveillance Report, 2022, hospitalization rate for flu and influenza is higher in 2020-2021. As per the same source, CDC estimates that, in 2020-2021, in US there were at least 4.7 million flu illnesses, 47,000 hospitalizations, and 2,800 deaths from flu. Flu and influenza are infectious disease and can be transmitted from one person to another. This transmission can be prevented by following proper precautions like wearing medical gloves when coming in contact with the patient or with his or her belongings. Additionaly, many other infectious diseases like E.coli infection, fungal infection can also be transmitted from a patient to a healthy person or to the doctor or physician. This transmission can be prevented by following proper safety protocol like weariong gloves. Thus increasing the demand of medical gloves in the market.

Additionally, increasing awareness and demand of protective gears such as gloves used to protect a person from the transmission of infection, will increase the demand of medical gloves in the market. Infection spreads through personal contact via hands, clothes or bedding. The transmission of the infectious disease like trachoma, Staphylococcus, and other viral and bacterial infection can be stopped by wearing proper medical gloves, thereby increasing the demand of medical gloves in the forecast period.

Another factor which will bolster the product demand is the increasing number of surgeries. According to American Academy of Facial Plastic And Reconstructive Surgery, Inc., 2022, estimated that about 1.4 million surgical and non-surgical plastic procedures were done in America in the year 2021. The number of surgery per year is increasing owing to the increase in the demand of safety and protective equipments like medical gloves used for avoding the transmission of infections, thereby responsible to augument the medical gloves market.

Moreover, the product launches in local market, in turn, drive the product demand in the market. For instance, in April 2022, SHOWA Group announced that its single-use nitrile gloves have been granted FDA 510(k) medical approval.

Thus, due to the increasing utilization of medical gloves in various areas of application, there will be a rising demand for medical gloves, in turn increasing the medical gloves market growth.

However, adverse health effects and allergies related to use of medical gloves, highly competitive pricing, and high prices of raw materials may hamper the medical gloves market growth.

The ongoing COVID-19 pandemic has positively impacted the market for medical gloves as the demand of medical gloves increased in the pandemic. Medical gloves are used by people to avoid the transmission of virus. Medical gloves are also the part of personal protective equipment kit (PPE). Though, the outbreak of coronavirus has disrupted the raw materials sourcing, distribution & supply chain and implemented travel restrictions restraining the movement of goods. Moreover, the high demand increased the price of the medical gloves. With the increase in the demand for gloves, the key companies have also increased their production capacities to fulfill the demand. The pandemic is responsible in shifting the perspective of risk for infection with minimal contact, and hence, the use of protective medical supplies has skyrocketed in the general population as well.

Medical Gloves Market Segment Analysis:

Medical Gloves Market by Product Type (Latex Gloves, Nitrile Gloves, Vinyl Gloves, and Others), by Form Type (Powder-Free Gloves and Powdered Gloves), by Application Type (Examination Gloves and Surgical Gloves), by Usage Type (Disposable Gloves and Reusable Gloves), by Distribution Channel (Hospitals, Medical Store, Online, and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the Form Type segment of the medical gloves market, the powder-free medical gloves are estimated to hold a significant share in the medical gloves market in the year 2021. This can be ascribed to the various advantages that are associated with powder-free medical gloves.

The most important benefit of powder-free medical gloves is that powder is not needed for easy donning and removal. In case of powder medical gloves, powder is used for giving a faster grip and fast donning.

Powdered gloves have cornstarch present in the gloves for giving a faster grip and fast donning, also for reducing sweat from hands. On the other hand, powder-free gloves do not containing the corn starch part which make these gloves a lot more versatile and easier to adorn.

Furthermore, another benefit of powder- free gloves is that they are save, skin-friendly, and far stronger.

Additionally, powder-free gloves reduces the risk of contamination. Powder-free gloves are mainly used because it may not cause allergy in most of the people. When powder medical gloves were removed, cornstarch powder particles from the gloves were released in the air and this was a potential source of contamination and source for causing allergy in some people. This disadvantage is overpowered in case of powder-free gloves as these gloves are made by chlorination. Chlorination helps make latex gloves less form fitting so that powder is not needed for easy donning and removal.

Powder-free gloves are less messy than powdered gloves. Furthermore, powder-free gloves can be coated with a polymer or with nitrile. Nitrile disposable gloves are latex-free and those with allergies to latex are able to wear them.

The demand for powder-free medical gloves is expected to increase during the forecast period. This is owing to the high stability, less contamination, skin-friendly nature, non-allergic properties and many other advantages of powder-free medical gloves. Thus, there will be an increase in the demand for powder-free medical gloves, which in turn will drive the medical gloves market growth.

North America is expected to dominate the overall Medical Gloves Market:

Among all the regions, North America is expected to account for the significant share in the global medical gloves market. Rising awareness and demand of protective equipments in healthcare industry and rising prevalence of infectious and hospital acquired diseases will increase the demand for medical gloves in North America, leading to a rise in the overall medical gloves market growth.

After COVID-19 pandemic, the awareness of hygiene in healthcare, hospital-acquired infections (HAIs) has increased, therefore, promoting the demand and use of protective equipment. The healthcare authorities has revised standard operating protocols in hospitals and induced heavy usage of protective equipment including medical gloves. The use of medical gloves reduced the transmission of COVID-19 virus and of other infectious disease. The increased awareness and revised protocols by government will increase the demand of medical gloves in North America.

Hospital-acquired infections are one of the major driving factor for the market of medical gloves in North America. The hospital-acquired infection, also known as a nosocomial infection, is an infection that is acquired in a hospital or other health care facility. Hospital-acquired infections can be prevented by following proper protocols. According to CDC, 2020 National and State Healthcare-Associated Infections Progress Report, the prevalence of HAIs has increased in the US in 2019-2020. As per the above source, it was estimated that about 24% prevalence in US has increased in central line-associated bloodstream infections (CLABSI) between 2019 and 2020. Many other infection rate has aslo increased, for instance, in the US, 35% increase in ventilator-associated events infections between 2019 and 2020 was observed. Futher, as per the above source, an estimation of about 34% increase in ICU infections were observed. From the above statistics, it can be concluded that the prevalence of HAIs is increasing. The rate of prevalence of HAIs can be controlled by following proper protective protocols, owing to bolster the demand of medical gloves North America.

Thus, all the above-mentioned factors are anticipated to propel the market for Medical Gloves in the North America.

Medical Gloves Market Key Players:

Some of the key market players operating in the medical gloves market include Top Glove Corporation Bhd (474423-X)., Supermax Corporation Berhad., Semperit AG Holding, Kossan Rubber Industries Bhd, Cardinal Health, Inc., ANSELL LTD., AKZENTA INTERNATIONAL SA, BERNER International GmbH, SHEILD Scientific, Vernacare., Hartalega Holdings Berhad, Medline Industries, LP., Leboo Healthcare Products Limited, Rubberex Corporation (M) Berhad, Kimberly-Clark Worldwide, Inc., Sri Trang Gloves (Thailand) Plc., B. Braun Melsungen AG., Unigloves (UK) Limited., SHOWA GROUP, Honeywell International Inc., among others.

Recent Developmental Activities in the Medical Gloves Market:

• In April 2022, Unigloves announced that they have launched a new nitrile disposable glove – BioTouch – combining chemical resistance, comfort and grip with innovative, environmentally friendly, biodegradable technology.
• In April 2022, SHOWA Group announced that its single-use nitrile gloves have been granted FDA 510(k) medical approval.
• In March 2022, Ohio American Nitrile, LLC announced a strategic partnership with Orion Infrastructure Capital (OIC) to complete development of its manufacturing facility in Grove City, OH. Under the arrangement, OIC will provide $105 million to support the completion of twelve production lines with an aggregate capacity of 3.6 billion nitrile gloves per year.
• In July 2021, Honeywell and Premier Inc. announced a new commercial relationship dedicated to expanding the domestic production of nitrile exam gloves. This new collaboration is expected to produce at least 750 million domestically made nitrile exam gloves in the first year alone.
• In March 2021, Ansell Limited, a specialist in protection solutions, announced that it has completed the acquisition of the Primus brand and related assets that constitute the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products.

Key Takeaways from the Medical Gloves Market Report Study

• Market size analysis for current medical gloves market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the medical gloves market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the global medical gloves market.
• Various opportunities available for the other competitor in the medical gloves market space.
• What are the top performing segments in 2021? How these segments will perform in 2027.
• Which is the top-performing regions and countries in the current medical gloves market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for medical gloves market growth in the coming future?

Target Audience who can be benefited from this Medical Gloves Market Report Study

• Medical gloves products providers
• Research organizations and consulting companies
• Medical gloves-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in medical gloves
• Various End-users who want to know more about the medical gloves market and latest technological developments in the medical gloves market.

FREQUENTLY ASKED QUESTIONS FOR MEDICAL GLOVES MARKET:

1. What are Medical Gloves?

Medical gloves are a type of personal protective equipment used to shield the user and the patient from the risk of cross-contamination and infection during medical surgeries, examinations and other procedures.

2. What is the market for Global medical gloves?

Global medical gloves market is estimated to grow at a CAGR of 5.20% during the forecast period from 2022 to 2027 to reach USD 19,952 million by 2027.

3. What are the drivers for the Global Medical Gloves Market?

The Medical gloves market is witnessing a positive market growth owing to rising awareness of hygiene in healthcare systems, rising prevalence of infectious diseases and hospital acquired infections, and growing number of surgeries across the world are anticipated to bolster the market.

4. Who are the key players operating in the Global Medical Gloves Market?

Some of the key market players operating in the medical gloves market include Top Glove Corporation Bhd (474423-X)., Supermax Corporation Berhad., Semperit AG Holding, Kossan Rubber Industries Bhd, Cardinal Health, Inc., ANSELL LTD., AKZENTA INTERNATIONAL SA, BERNER International GmbH, SHEILD Scientific, Vernacare., Hartalega Holdings Berhad, Medline Industries, LP., Leboo Healthcare Products Limited, Rubberex Corporation (M) Berhad, Kimberly-Clark Worldwide, Inc., Sri Trang Gloves (Thailand) Plc., B. Braun Melsungen AG., Unigloves (UK) Limited., SHOWA GROUP, Honeywell International Inc, others.

5. Which region has the highest share in Medical Gloves Market?

North America is expected to hold the highest share in the revenue in the medical gloves market during the forecast period. Rising awareness of hygiene in healthcare and rising prevalence of infectious diseases will increase the demand for medical gloves in North America.

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