The global disposable medical gloves market was valued at $4,047 million in 2017, and is expected to reach $8,444 million by 2025, registering a CAGR of 9.5% during the forecast period. Disposable medical gloves majorly act as a protection utility to avoid infection of healthcare professionals and patients. During time, numerous variants of disposable medical gloves have been developed, which include nitrile, natural rubber, neoprene, and vinyl.
Each of these variants have different benefits as compared with conventional (usually rubber) gloves, and provides wide application in healthcare industry. For instance, nitrile gloves are friction less, puncture-resistant, and have a long shelf life than latex gloves. Subsequently, nitrile gloves are used by tattoo artists, medical and dental professionals as well as in laboratories as they provide barrier protection and high durability as well are highly rupture resistant.
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Rise in incidence of pandemic diseases such as swine flu (H1N1 pandemic) and a subsequent need for infection control drives the growth of the global disposable medical gloves market. High durability of gloves coupled with protection from chemicals makes disposable medical gloves a major revenue generating segment in the chemical industries as well.
Disposable Medical Gloves Market Growth:
The adoption of disposable medical gloves has increased over the years owing to the rise in safety concerns and hygiene. In addition, the growth in number of end users in the healthcare industry coupled with the advancements in technology also aid in supplementing the disposable medical gloves market growth. Further, significant increase in frequent outbreak of epidemics and pandemics across the globe propels the disposable medical gloves market in near future. However, toxic reaction caused by gloves and high price competition from local manufactures impede the growth of the disposable medical gloves market. For instance, the accelerators and other chemicals used to manufacture latex and non-latex gloves causes allergic reactions such as irritant contact dermatitis.
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Moreover, the introduction of disposable medical gloves in untapped economies is expected to create lucrative opportunities in the market. In addition, disposable medical gloves find their application in surgical and examination purposes. Examination application was the highest contributor in the disposable medical gloves industry owing to the wide array of uses such as emergency medical services, general medical exam, first response, and laboratory application for personal protection during operative procedures.
Type segment review:
The global disposable medical gloves market based on type is divided into natural rubber gloves, nitrile gloves, vinyl gloves, neoprene, polyethylene and others. The natural rubber gloves segment accounted for the highest revenue in 2017, owing to the fact that these gloves are the choice of preference among medical professionals to perform surgeries and for examination purposes. However, the nitrile gloves segment is anticipated to grow at the fastest rate during the forecast period owing to various cost efficiency and ease of availability.
Key Benefits for Disposable Medical Gloves Market:
- The study provides an in-depth analysis of the global disposable medical gloves market share with the current trends and future estimations to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the global disposable medical gloves market size is provided.
- A comprehensive quantitative analysis is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the key segments of the industry helps to understand the global disposable medical gloves market trends.
- Key players and their strategies are provided to understand the competitive outlook of the disposable medical gloves market forecast.
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