Global Surgical Gloves Business Report 2023: Market to Reach $7.2 Billion by 2030 from $3.6 Billion in 2022 - Sustainability Emerges as Prominent Buzzword

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Dec 05, 2023, 06:30 ET

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Surgical Gloves - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Surgical Gloves Market to Reach $7.2 Billion by 2030

The global market for Surgical Gloves estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$7.2 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2022-2030. Nitrile Gloves, one of the segments analyzed in the report, is projected to record 10.3% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Latex Gloves segment is estimated at 9.2% CAGR for the next 8-year period.

The report indicates that the shortage of medical gloves has been a global issue, and the US domestic supply has struggled to meet the high demand. It also discusses the impact of the pandemic on elective surgeries and the pent-up demand for surgical gloves. Factors responsible for the soaring prices of gloves are examined, and the report suggests that while the price increase has been substantial, it is expected to subside gradually.

The competitive landscape of the surgical gloves market is analyzed, including key competitors' market share in 2023. The report provides insights into the capacity and product mix of major glove manufacturers, with a focus on Top Glove Corporation. It also discusses the outlook for the surgical gloves market and the role of emerging markets in driving opportunities.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.1% CAGR

The Surgical Gloves market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Growth in Number of Surgical Procedures to Propel Demand
Growth in the Number of Surgeries in the US (2010-2025) and 001-2010 (in %)
Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Hospital Acquired Infections Offer Notable Boost to Market
Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
Surgical Site Infections Per 100 Procedures for the Period 2014-2018
Implementation of 'Double Gloving Practice Spurs Growth Opportunities
Rise in Cosmetic & Plastic Surgery Volumes Boost Prospects
Global Volume of Surgical Procedures (in Million) by Category: 2019
Industry Increasingly Shifts to Powder-Free Gloves Led by Issues with Powdered Surgical Gloves
Sustainability Emerges as Prominent Buzzword in Surgical Gloves Space
Manufacturers Remain Inclined on Development of Innovative Gloves
Surgical Gloves: Shaped by Comfort, Fit & Barrier Protection
Industry Focuses on New Surgical Gloves to Mitigate Risk of Allergic Contact Dermatitis
Popularity of Ambulatory Surgical Centers Surges Demand for Surgical Gloves
Improving Healthcare Expenditure Turbo Charges Demand
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Rising Cases of Chronic Wounds Augment Growth Opportunities
Prevalence of Chronic Wounds: Select Statistics
Increase in Number of Medical Professionals Drive Growth in Market
Focus Grows on Addressing Issues Related to Durability of Gloves

FOCUS ON SELECT PLAYERS (Total 132 Featured)

3M Company
B. Braun Melsungen AG
AliMed, Inc.
Ansell Ltd.
Abena A/S
Angiplast Pvt., Ltd.
ASID BONZ GmbH
Adenna, Inc.
Adex Medical, Inc.
American Healthcare Products, Inc.
365 Healthcare
Barber Healthcare Limited
Akzenta International SA
Aurelia Gloves, A Division of Supermax
AlboLand Srl

For more information about this report visit https://www.researchandmarkets.com/r/hi8mb

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