Vietnam Medical Gloves Market, By Type (Surgical v/s Examination), By Product Type (Reusable v/s Disposable), By Material Type (Natural Rubber, Nitrile, Polyisoprene, Neoprene, Others), By Form (Powdered v/s Non-Powdered), By Distribution Channel (Hospitals & Clinics, Medical Stores & Pharmacies, Online, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Home Healthcare, Others), By Region, Competition Forecast & Opportunities, 2027
Vietnam medical gloves market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of growing surgical ventures. Increased concerns regarding safety against growing viral infection due to the widespread COVID-19 virus have further shifted the tendency of using medical gloves for protection, thus driving the growth of the Vietnam medical gloves market in the upcoming five years.
Medical gloves are a major part of PPE kits or personal protection equipment that are actively used to protect the consumer (wearer) from contracting infectious diseases to the environment or from the environment. The spread of infection often occurs if the person is heavily exposed to the infected environment or comes in contact with the other infected patient. Medical practitioners, doctors, physicians, and other healthcare representatives are highly recommended to wear medical gloves in case they come in contact with an infected person or environment during their daily duties. Medical gloves are usually disposable and include examination gloves, surgical gloves, and medical gloves for handling chemotherapy agents (chemotherapy gloves).
Vietnam’s Major PPE Industry Expansion
Global demands for the PPE kits that included facemasks, and medical gloves have increased in the last two years. Vietnam has established itself as a major supplier of PPE kits in various countries overpowering other major economies like China, Malaysia, and Thailand. Availability of the cheap labor, access to raw materials at low cost, and a higher number of manufacturing units support the growth of the Vietnam medical gloves market. Although, rubber gloves are large produced in Malaysia which accounts for 60% of global manufacturing. The budding industry in Vietnam is focused on nitrile gloves that are much safer, and the increasing involvement of the local manufacturers is also anticipated to further substantiate the growth of the Vietnam medical gloves market in the next five years.
Market Segmentation
The Vietnam medical gloves market is segmented by type, product type, material type, form, distribution channel, end-user, competitional landscape, and regional distribution. Based on type, the market is further segmented into surgical and examination types of medical gloves. The product type market segment is differentiated between reusable and disposable medical gloves. Medical gloves market segmentation based on material type is bifurcated into natural rubber, nitrile, polyisoprene, neoprene, and others. Based on form, the market is divided between powdered and non-powdered. The distribution channel market segment is fragmented into hospitals & clinics, medical stores & pharmacies, online, and others. Based on end users, the market is differentiated into hospitals & clinics, ambulatory care centers, home healthcare, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and the Southern region.
Company Profile
VRG Khai Hoan JSC, Top Glove Corporation Vietnam, Nam Viet Gloves Joint Stock Co., Vietnam Joint Stock Company, Riverside Holdings Limited, White Glove Co., Ltd., Nacol Industrial Co., Ltd., Kotinochi JSC, Viet Glove Corporation, Chienmax Vietnam Co. Ltd, among others is a partial list of major market players of the companies responsible for the growth of Vietnam medical gloves market.
Report Scope:
In this report, Vietnam medical gloves market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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