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

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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