Medical Gloves Market Size to Reach Revenues of USD 18.56 Billion by 2026 - Arizton

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Aug 12, 2021, 12:00 ET

CHICAGO, Aug. 12, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global medical glove market report.

The medical glove market is expected to grow at a CAGR of over 11.64% during the period 2020−2026.

Key Highlights Offered in the Report:

1. In terms of unit shipment, 178 billion medical gloves were shipped in 2020 and is expected to reach 468 billion by 2026.

2. COVID-19 impacted the medical glove market positively, the demand skyrocketed in the market. Many vendors are already filled with the orders for 2020, and 2021. The vendors are working with full capacity continuously to supply the orders.

3. Nitrile medical gloves dominated the market by the material type. Due to COVID-19 pandemic there was increased demand for the Nitrile medical gloves as it was largely consumed in the healthcare segment.

4. Powder free medical gloves segment dominated the market. This is due to the restriction of using the powdered medical gloves in the market. This made people to shift towards the usage of the powder free medical gloves. The powder free glove segment is expected to grow at a faster CAGR of 11.86% in the market

5. Examination medical gloves dominated the market in the application segment. However surgical medical glove is expected to grow at a CAGR of 14.24% in the market. The pandemic further increased the usage of the examination glove across the globe and demand increased largely in the market.

6. Hospital's dominated end-user segment the market. Large volume of gloves was consumed in the hospitals for examining the COVID-19 patients.

7. North America dominated the market in terms of revenue and Europe dominated in terms of consumption of medical gloves. The APAC is expected to grow at a faster rate in terms of revenue with a CAGR of 13.35% in the market, due to the large population and increasing COVID-19 cases has increased the consumptions of medical gloves in the market.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by category, application, end-user, material, and geography
Competitive Landscape – 6 key vendors and 60 other vendors

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Medical Gloves Market – Segmentation

By material, the global medical nitrile gloves market dominates with 54.59% of the market share and is primarily due to its increased usage in medical applications. Nitrile glove offers a key advantage over latex as some people suffer from latex sensitivity, resulting in latex allergy and other skin problems.
The COVID-19 pandemic increased the demand for the examination glove a hundred times more than the normal demand in the industry at about 82.32%. A lot of surgeries were also delayed, and this caused slow growth in the surgical gloves market.
The hospital's segment accounted for more than half of the shares because hospitals are the primary contact for people's health issues. In addition, hospitals are the preferred place to undergo surgeries as they are equipped with the required technology, and skilled professionals handle complex cases.

Medical Gloves Market by Category

Powder Free
Powdered

Medical Gloves Market by Application

Examination
Surgical

Medical Gloves Market by Material

Nitrile
Latex
Vinyl
Neoprene
Others

Medical Gloves Market by End-User

Hospital
Diagnostic Labs
ASCs
Clinics
Others

Medical Gloves Market – Dynamics

Many manufacturers are moving quickly away from the powdered gloves to powder-free gloves, low protein latex gloves or synthetic gloves. Latex is causing potentially severe allergic reactions in healthcare workers and patients, so many patients are shifting from latex to alternative sources, which has dramatically reduced allergic reactions in surgical gloves. Most healthcare providers still experience allergic reactions on hands and wrists, primarily from irritant contact dermatitis, a non-immunologic response to an irritant or skin damage. Vendors have come up with solutions to reduce latex allergies by lowering the protein content in gloves which helps reduce both patient complications associated with powdered gloves and the incidence of asthma and latex allergy in health care providers. New powder-free gloves have been leached to protein levels less than 50μg/g the level of sensitization is above 100μg/g.

Key Drivers and Trends fueling Market Growth:

Introduction of Biodegradable Gloves
Growing Demand for Non-Medical Powdered Gloves
Increasing Number of Surgeries
Availability of Innovative Medical Gloves

Medical Gloves Market – Geography

In 2020, North America accounted for 34.34% of the global medical glove market. The number of surgeries performed in North America is increasing due to the developed healthcare infrastructure and proportionate rise in the geriatric population, demanding many surgeries. This has drastically increased the patient pool, requiring effective treatment and surgical procedures. This is expected to propel market growth. In addition, benefits such as no cut or incision on body parts, less or no blood loss, enhanced patient care, and overall improved patient experience associated with non-invasive surgical procedures are expected to further spur the market growth over the next few years. Moreover, the chances of HAIs are minimal with these surgeries. This has increased the demand for non-invasive surgical procedures. Furthermore, technological advances such as robotic assistance during surgery help physicians handle complex surgeries and reduce risks and increase success rates.

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Medical Gloves Market by Geography

Europe

Germany
Italy
France
UK
Spain

APAC

China
Japan
India
Australia
South Korea

North America

United States
Canada

Latin America

Brazil
Mexico
Argentina
Colombia
Chile

Middle East & Africa

South Africa
Saudi Arabia
Turkey
Iran

Major Vendors

Top Glove
Ansell
Kossan Rubber Industries
Hartalega Holdings
Supermax
Mercator

Other Prominent Vendors

Indoplas
Tan Sin Lian Industries
Innovative Gloves
Happy Hand Glove
Phoenix Rubber
Hycare
Meditech Gloves
I-Care
Spenser Glove Manufacturing
Glove Resources
UG Healthcare
Quality Latex Products
Bergamot
B.Braun Melsungen
A1 Glove
Acteon
Adventa Health
Akzenta International
AlboLand
Asid Bonz
Berner International
Body Products
BSN Medical
Ceabis
Cardinal Health
Didactic
Demophorious Healthcare
Elcya
Erener Medikal
Franz Mensch
Gemma
Hepro.us
Hum GmbH
Hygeco
Intco Medical
International Biomedical
Kaltek
Kanam
Leboo
Low Derma
Medadv
Medibase
Molnlycke Health Care
MRK Healthcare
Neomedic
Pidegree Industrial
Polyco Healthline
RFB Latex
Riverstone Holdings
Robinson Healthcare
Shield Scientific
Smart Glove
Sri Trang Agro Industry
Symperit
Troge Medical
Unigloves
Winmed Group
WRP Asia Pacific
Wujiang Evergreen
YTY Group

Explore our healthcare & lifesciences profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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SOURCE Arizton Advisory & Intelligence