Global Disposable Medical Gloves Market Revenue to Witness 2.2x Growth by 2025

05 January 2021

The global disposable medical gloves market is a highly competitive, where the significance of opportunities and trends is high. The disposable gloves market is expected to witness 2.2x growth in terms of revenue generation by 2025. Governments are also concerned with public safety and are implementing reforms in healthcare and industrial standards that involve maximizing the use of gloves in the workplace which in turn, is fueling the demand for disposable medical gloves market. The momentum for disposable gloves is expected to shoot up that can enforce the need for new innovations and developments. Going forward, the demand for natural latex rubber will continue to drop as the preference for synthetic rubber rises. As the technology for processing synthetic rubber has become more stable and advanced, vendors are maximizing the capacity rates in these segments. Nitrile gloves experience high preference in surgical applications, where latex is also being considered as a good option due to the natural fit. The nitrile gloves segment is expected to generate incremental revenue of approximately USD 9 billion during the forecast period. The practice of double gloving and use of advanced gloves by surgeons and nurses in operating room is changing the surgical glove segment. With the diversification of new medical areas, especially in dental fields, glove requirements and customization can vary paving way for further innovations.

Key Insights of the Global Disposable Medical Gloves Market are:

  1. Nitrile disposable gloves segment dominated over 50% market share in 2019 and expected to add approximately $9 billion by 2025.
  2. Powder-free segment was the largest segment in 2019 and is likely to add over 200 billion-unit shipments by 2025.
  3. Examination gloves are expected to grow at a CAGR of around 14% during the forecast period.
  4. Despite the stringent regulations, vinyl gloves are preferred in low risk environments and household activities owing to its affordable prices.

Read: Disposable Gloves Market Global Outlook and Forecast 2020-2025

High Preference for Nitrile Gloves 

Nitrile gloves were introduced in the disposable medical gloves market by the mid-1990s and is considered the best and effective alternative to traditional latex gloves. The application of nitrile gloves is more reliable, and the design of industrial-grade and medical-grade nitrile gloves have led to the dominance and momentum of the segment over the last five years. Latex free gloves are used in healthcare and food services industry to improve productivity and is expected to drive the market for nitrile gloves in the future. The preference for nitrile gloves has compelled vendors to meet the demand and counter the demand. The demand for nitrile gloves is expected to surge 10% on an average, every year till 2030 owing to low allergy rates, accelerator free option, easy donning, and higher affordability. The scope for nitrile gloves has surged owing to their comparatively harmless effects on the ecosystem. With silicone-free feature and elongation of up to 500%, new trends in nitrile glove technology can raise their significance in the market. The cleanroom expansion facility in developing economies such as India is likely to drive the market for disposable latex and nitrile rubber gloves. Vinyl gloves are the best economical alternatives to latex and nitrile gloves. Despite their use in bulk quantities, the revenue contribution in not competitive with latex and nitrile owing to lower ASP. The global nitrile disposable gloves market is expected to reach over USD 15 billion, growing at a CAGR of approximately 15% by 2025.

Read our Latest Report: Rubber Gloves Market Global Outlook and Forecast 2021-2026

Impact of COVID-19 in the Global Gloves Market

The onset of COVID-19 has accelerated the adoption of disposable gloves in developing economies and underpenetrated markets like India. Going forward, the scope for retail sales remains high during the forecast period. The distribution and supply features of retail outlets such as supermarkets, hypermarkets, and online mediums will witness a spike in the disposable medical gloves market globally. Alongside the retail scope, government institutions, NGOs, charities, and welfare organizations will also promote the use of disposable gloves. The market for disposable gloves rose significantly, which has also laid a base for future growth prospects. The players were also fully cooperative in operations who were even trying to increase the output by 10%. This was well reflected during the COVID-19 pandemic, where Malaysian producers displayed their sense of gesture by operating during the adverse market conditions just to meet the global demand. More than 14,600 medical tourists are expected in Australia by the end of 2020 that can drive additional demand for medical supplies such as disposable medical gloves, which is, expected to fuel the market growth of the global disposable medical gloves market.

Read:  Medical Gloves Market Global Outlook and Forecast 2020-2025

FAQs about the Global Disposable Medical Gloves Market:

Q. What is the market size of the global disposable medical gloves market?

A. The global disposable medical gloves market is projected revenues of over USD 29 billion by 2025.

Q. What is the market growth of global disposable medical gloves market?

A. The global disposable medical gloves market is projected to grow at a CAGR of around 14% during the forecast period.

Q. What is the global market segmentation of the disposable medical gloves market?

A. The global disposable medical gloves market is segmented by type, form, end-user, distribution, and geography.

Q. What is the market insight of the global disposable medical gloves market?

A. Kaiser Permanente, which is the largest integrated healthcare delivery program in US, that makes use of 50 million gloves per year have shifted from vinyl to nitrile segment owing to the comparative benefits

Q. What are the major regions in the disposable medical gloves market?

A. The leading regions in the global disposable medical gloves market include North America, Europe, APAC, Latin America, and Middle East and Africa.

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