Surgical Gloves Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Surgical Gloves Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The surgical gloves market is expected to register a CAGR of around 10.5% over the forecast period, 2022 – 2027.

COVID-19 arose as an unprecedented public health concern that has positively influenced the progression of the surgical gloves market. Surgical gloves are an indispensable component of protective personal equipment (PPE) and the coronavirus outbreak has augmented the demand for PPE. According to UNICEF, the demand for PPE supplies has surged exponentially with the spread of COVID-19. The national stockpiling policies adopted by countries have further increased the demand. The UNICEF forecasts indicate the demand for gloves is estimated to reach 1.1 billion by the end of 2020. This development is set to benefit the industry demand significantly. Thus, the COVID-19 outbreak has led to an expansion of production and direct sales of these gloves.

Moreover, in April 2022, Showa Group on earth day announced its biodegradable, single-use, nitrile gloves. It has been cleared through the United States Food and Drug Administration's 510(k) process. The Showa M7005PFA gloves are the first biodegradable nitrile gloves for medical usage. The company will be the only integrated manufacturer of fully made nitrile and single-use PPE gloves in the United States. Similarly, in October 2020, Mölnlycke launched new skin-friendly Biogel surgical gloves to reduce the risk of allergic contact dermatitis for surgeons and nurses.

The major contributors in the market are increasing awareness about workplace hygiene and an increasing number of surgical procedures. Healthcare-associated infections are one of the major causes of morbidity. Moreover, guidelines and norms suggested by the United States Food and Drug Administration (FDA) and World Health Organization (WHO), included strict use of medical gloves for all healthcare procedures including examination, surgical interventions, routine check-up, tests, etc. This resulted in high demand of medical gloves in 2020 to safeguard patients and doctors from cross contamination of the disease.

According to the study, ‘Nosocomial Pneumonia’, about 90% of hospital-acquired pneumonia is caused to those patients which are mechanically ventilated. Nosocomial pneumonia is usually affected by the patients after being hospitalized. So, to avoid such infections gloves are of utmost importance. Hence, it is expected to drive the demand for surgical gloves.

Key Market TrendsDisposable Surgical Gloves Segment is Expected to Exhibit a Significant Market Growth in the Surgical Gloves Market

The disposable Surgical Gloves segment is expected to show significant growth in the surgical gloves market owing to the increasing infections in hospitals.

As per the article published by the Department of Dyes and Chemicals Engineering, the Bangladesh University of Textiles, nearly 1.8 billion gloves were supplied to the United Kingdom National Health Service (NHS) in 6 months. The United Kingdom government spent GBP 15 billion on procuring masks, gowns, and gloves to fight against COVID-19 in July 2020.

The demand for disposable surgical gloves in the healthcare sector has been greatly influenced by growing knowledge of the health and safety precautions related to patient care and emergency response occurrences. Medical examinations with disposable gloves assist prevent cross-contamination between patients and doctors. Growth in the market will also be fueled by increased investments in the manufacture of disposable gloves. For instance, Sri Trang Gloves (Thailand) Public Co. Ltd. received an investment of EUR 600 million through an initial public offering (IPO) in February 2021. This money will be used to increase the annual production capacity of latex and nitrile examination and industrial gloves by 50 billion pieces by 2022 and 80 billion pieces by 2024. Key market participants' recent actions are anticipated to accelerate market expansion. As a result, it is anticipated that during the research period, the aforementioned elements will see significant growth.

Disposable gloves involve minimal or no risk of transmitting infections when compared with reusable gloves. Hence, it is expected to dominate the surgical gloves market.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to be a dominant region in the Surgical Gloves market owing to rising awareness of hygiene among healthcare professionals and a growing number of admissions in hospitals. An increasing number of surgical operations using latex gloves are a high-impact rendering driver. In March 2020, according to the "FDA Eases Regulatory Requirements on Surgical Gowns, Gloves" article by the Regulatory Affairs Professionals Society, the Food and Drug Administration (FDA) will improve the availability of gloves and will not object to their usage and distribution. The FDA regulates surgeon's gloves (i.e., gloves worn on the hands of operating room staff to protect a surgical wound from contamination) and non-powdered patient examination gloves (i.e., gloves worn on the examiner's hand or finger to prevent contamination between patient and examiner) as Class I (reserved) devices, subject to premarket notification requirements under 510(k) of the Federal Food, Drug, and Cosmetic Act (FDCA). To prevent unnecessary hazards to health, the FDA will, however, permit the distribution of these gloves if they contain the proper warnings and meet the following requirements, as stated in its Enforcement Policy.

Furthermore, In Feb 2021, Texas Medical Technology, a supplier and distributor of medical equipment, announced a partnership with My Protect Kit, LLC, which is a provider of premium personal protective equipment (PPE) kits so that it can manufacture protective masks, glove, wipes, etc. Hence, owing to these factors, the market is expected to witness significant growth, over the forecast period.

Competitive Landscape

Companies are taking initiatives to grow their presence in the Surgical Gloves market. Key players that are expected to be dominate in Surgical Gloves market are Top Glove Corporation Berhad, Supermax Corporation Berhad, Sempermed, Kossan Rubber Industries Bhd, Cardinal Health Inc., Ansell Ltd., Berner International GmbH, Erenler Medikal, Medline Industries, Inc. and Shield Scientific.

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