Global Medical Gloves Strategic Business Report 2023: Industry Upbeat on the Technology & Innovation Front - Market Forecast to 2030 - ResearchAndMarkets.com
06 Dec 2023
DUBLIN--(BUSINESS WIRE)--The "Medical Gloves - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
'Medical Gloves - Global Strategic Business Report'
Global Medical Gloves Market to Reach $46.9 Billion by 2030
The global market for Medical Gloves estimated at US$21.8 Billion in the year 2022, is projected to reach a revised size of US$46.9 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2022-2030. Examination Gloves, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$39.8 Billion by the end of the analysis period. Growth in the Surgical Gloves segment is estimated at 9.1% CAGR for the next 8-year period.
The COVID-19 pandemic had a profound impact on the production and sales of medical gloves. The increased need for personal protective equipment, including gloves, led to a surge in demand. However, this increased usage also raised concerns about skin damage due to excessive glove usage and environmental issues related to the disposal of medical waste.
The pandemic also resulted in a spike in the prices of medical gloves, with average selling prices (ASP) experiencing significant growth from the second quarter of 2020 to the first quarter of 2021. In the competitive landscape of medical gloves, key competitors vie for market share, and their competitive market presence varies from strong to niche or trivial.
The global market outlook for medical gloves indicates a wider acceptance of disposable medical gloves, with surgical gloves also experiencing healthy gains. Powder-free gloves have gained popularity due to safety concerns. Hospitals and clinics remain primary end-users of disposable medical gloves.
Medical gloves come in various types, including latex and non-latex gloves, with different benefits and drawbacks associated with each. The market includes examination gloves, surgical gloves, and both powdered and powder-free gloves. In the competitive landscape of medical gloves, various world brands play a significant role in the industry's development and innovation. Recent market activity indicates the dynamic nature of this market segment.
The U.S. Market is Estimated at $6.9 Billion, While China is Forecast to Grow at 11.7% CAGR
Geographically, developed regions continue to be major revenue contributors, while developing regions are evolving into the fastest-growing markets. Malaysia leads global glove production, with top manufacturers like Top Glove, Hartalega, Kossan, and Supermax contributing significantly to the industry.
The Medical Gloves market in the U.S. is estimated at US$6.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.1% 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
Key Attributes:
Report Attribute
Details
No. of Pages
730
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$21.8 Billion
Forecasted Market Value (USD) by 2030
$46.9 Billion
Compound Annual Growth Rate
10.0%
Regions Covered
Global
MARKET TRENDS & DRIVERS
An Insight into Global Rubber Gloves Market
Innovations Drive Growth
Select Innovations
Focus on Hygiene & Safety Amidst the Pandemic to Fuel Demand for Disposable Medical Gloves
Surging Demand for Disposable Gloves Amidst the COVID-19 Pandemic
Significance of Hand Protection in Hospitals and Laboratories Drives Demand for Medical Gloves
Rising Number of Medical Professionals and Surgeries Drive Growth in Market
Rising Incidence of Hospital Acquired Infections Propels Market Growth
Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Infections
Rising Cases of Chronic Wounds Propel Need for Medical Gloves
Global Prevalence of Chronic Wounds by Wound Type
Growth in Number of Surgical Procedures to Propel Demand
Growth in the Number of Surgeries in the US (2010-2025) and 2001-2010 (in %)
Medical Gloves Demand Benefits from the Rise in Number of Cosmetic & Plastic Surgeries
Aesthetic Surgical Procedures Worldwide: Percentage Breakdown of Procedures by Type of Surgery for 2020
Increasing Patient Population & Medical Tourism Propel the Market
Growing Needs of Aging Population Spur Demand for Medical Gloves
Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
Improving Healthcare Expenditure Turbo Charges Demand
World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 & 2023
Rise in Number of Diagnostic Laboratories Spurs Demand for Medical Gloves
Trend towards Powderless Examination Gloves for Medical Use
Latex Gloves Rapidly Lose Share to Synthetic Gloves
Nitrile Gloves: An Effective Synthetic Alternative to Natural Rubber Latex Gloves
Nitrile Gloves Market Witnesses Exponential Demand amid COVID-19 Crisis
Nitrile Gloves Witness Surging Demand
Medical Nitrile Gloves Market Endows Stellar Opportunities for Growth
Vinyl Disposable Gloves Laced with Inherent Drawbacks
Manufacturers of NR Latex Gloves Rise to the Challenge
Underplayed Advantages of NRL: Hoping to Reinstate Consumer Confidence
Surgical Gloves: Shaped by Comfort, Fit & Barrier Protection
COVID-19-Induced Shortages of Surgical Gloves despite Capacity Expansions
Surgical Gloves Market Posts Healthy Growth as Demand Continues Skewing Upside
Pent-Up Elective Surgery Demand Bodes Well for Surgical Gloves
Cumulative Surgery Cancellations Worldwide (In Million)
Exploding Demand & Price Spree Enjoyed by Surgical Gloves to Subside Gradually
Sustainability as Prominent Buzzword in Surgical Gloves Space
New Surgical Gloves to Mitigate Risk of Allergic Contact Dermatitis
Popularity of Ambulatory Surgical Centers Surges Demand for Surgical Gloves
Implementation of Double Gloving Practice Spurs Growth Opportunities
Amidst Concerns over Environmental Pollution, Environmentally Friendly Gloves Find Favor
Future of Powdered Gloves Precariously Hangs in Balance
Product Variables for Commercial Success
Managed Care Vs. Cost Concerns
Industry Upbeat on the Technology & Innovation Front
Hartalega Develops Non-Leaching Antimicrobial Gloves with Active Ingredient
Technology/Product Breakthroughs in Recent Years
Demand and Supply Dynamics
Durability of Medical Gloves: A Key Issue
FOCUS ON SELECT PLAYERS (Total 229 Featured)
Abena A/S
Adenna, Inc.
Alliance Rubber Products Sdn. Bhd.
365 Healthcare
Amax Health Inc.
Alsace Protection
Amkay Products Pvt. Ltd.
Amazing Rubber Products Pvt. Ltd.
Amigo Surgi-care Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/wejr2a
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
For more details,please visit the original website
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Organizations
Indications
Targets
-Drugs
-Hot reports
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Leverages most recent intelligence information, enabling fullest potential.