PUBLISHER: SkyQuest | PRODUCT CODE: 1619038
PUBLISHER: SkyQuest | PRODUCT CODE: 1619038
Global Medical Gloves Market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 18.2 billion in 2023 to USD 39.87 billion by 2031, growing at a CAGR of 10.3% during the forecast period (2024-2031).
The global surgical gloves market is experiencing robust growth, driven by heightened hygiene awareness, increased healthcare spending, and a surge in glove usage across various medical procedures. The COVID-19 pandemic has notably amplified demand for medical gloves, essential for safeguarding frontline healthcare workers. The market features a diverse array of manufacturers producing various glove types, including latex, nitrile, and vinyl, classified as Class I restricted medical devices by FDA standards. These gloves serve as vital barriers against infections in healthcare settings. Notably, American Nitrile, LLC has forged a strategic alliance with Orion Infrastructure Capital to enhance production in Grove City, Ohio, with plans for 12 production lines yielding 3.6 billion nitrile gloves annually. The continued use of gloves remains imperative, even with asymptomatic patients.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Medical Gloves market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Medical Gloves Market Segmental Analysis
Global Medical Gloves Market is segmented by product type, sterility, form type, raw material type, usage type, distribution channel, end user and region. Based on product type, the market is segmented into examination, surgical, chemotherapy and medical gloves services. Based on sterility, the market is segmented into sterile gloves and non-sterile gloves. Based on form type, the market is segmented into powdered form and powdered-free. Based on raw material type, the market is segmented into latex, nitrile rubber, vinyl rubber and polyisoprene. Based on usage type, the market is segmented into disposable, reusable and others. Based on distribution channel, the market is segmented into direct selling, medical store, online and others. Based on end user, the market is segmented into hospitals, clinics, ambulatory surgery centre, diagnostic centres, rehabilitation centres and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Medical Gloves Market
The global medical gloves market is significantly driven by the rising number of surgical procedures and patient examinations. The healthcare system has long depended on surgical interventions, with both acute and chronic health conditions becoming increasingly prevalent, resulting in a surge of surgical activities. For example, in 2018 alone, nearly 18 million surgical and minimally invasive aesthetic procedures were reported in the United States, according to the American Society of Plastic Surgeons. Consequently, this spike in procedures has led to a heightened demand for specialized medical gloves, as healthcare professionals routinely wear them to ensure safety while attending to patients during examinations and treatments.
Restraints in the Global Medical Gloves Market
The Global Medical Gloves market faces significant restraints, particularly due to health risks stemming from counterfeit gloves. Defined as products that misrepresent their identity or origins, counterfeit medical goods can jeopardize user safety. According to a WHO study, approximately one in ten medical products in low- and middle-income countries are either substandard or counterfeit. Fake medical gloves, which may falsely claim to be sterile, increase the potential for infection among users. The prevalence of these low-cost imitations is exacerbated in underdeveloped regions, where consumers often opt for cheaper alternatives, inadvertently exposing themselves to greater health hazards rather than protection against viral threats.
Market Trends of the Global Medical Gloves Market
The Global Medical Gloves market is witnessing a significant trend towards innovation driven by heightened awareness of healthcare-associated infections and the need for advanced protective gear. Recent collaborations, such as between the University of Nottingham and Hartalega Malaysia, are yielding new types of disposable gloves that incorporate antimicrobial solutions without harmful chemicals, enhancing safety for both patients and healthcare workers. Moreover, the emergence of medical blood-repellent gloves (MBRG), which can be treated with a blood-repellent spray, further signifies advancements in functionality. These innovations not only inhibit the spread of harmful bacteria like Escherichia coli and Staphylococcus aureus but also promote faster healing, positioning the market for sustainable growth and increased demand in the healthcare sector.