The medical gloves market size to cross USD 16 billion by 2025, growing at a CAGR of 15% during the forecast period. The global medical gloves market is growing at a healthy rate. The growth can be attributed to the growing demand for safety and hygiene standards to prevent the risk of contamination and infections in healthcare settings during medical and treatment measures. The growth in surgical procedures for several diseases and potential risk reduction for surgical site infection (SSI) is likely to fuel the growth.
Health care professionals will continue to demand the latest medical gloves to treat acute and chronic diseases, which will promote safe and effective treatment outcomes. The emergence of new pandemic challenges such as COVID-19 will drive the future growth of the industry. A strong preference for non-powdered medical gloves is also likely to drive future market growth.
- The nitrile segment is expected to witness an incremental growth of over $6 billion by 2025. This is due to the growing number of latex allergies among patients and HCPs, which trigger an ongoing shift from latex to nitrile gloves.
- The examination segment is likely to grow at the highest CAGR during the forecast period on account of the high application of examination gloves to prevent themselves from chemicals, biohazards, and other potentially dangerous substances.
- The revenue share of the non-powered segment is projected to reach over $15 billion by 2025 on account of restrictions imposed on the application of the powered ones.
- The medical gloves market size in India is expected to grow at a CAGR of over 19% during the period 2019–2025. The growth is due to the high prevalence of coronary artery diseases and cardiac diseases, which require surgical interventions.
GLOBAL MEDICAL GLOVES MARKET SEGMENTATION
This research report includes a detailed segmentation by
INSIGHTS BY MATERIAL
The nitrile gloves segment is expected to grow at a healthy CAGR during the forecast period. The demand for nitrile products is increasing due to the number of benefits, including alleviating allergies and increased chemical and puncture resistance. Manufacturers are preparing nitrile ones as comfortable as latex with improved quality. Hence, manufacturers are increasingly focusing on developing a new type of accelerator-free nitrile products. They contain fewer chemicals and are stronger than traditional nitrile ones without compromising comfort. With the ongoing shift from latex to nitrile, manufacturers reported high sales from nitrile gloves in 2019.
Latex surgical gloves have gained immense traction both in developed and developing regions. As a low-cost raw material, it is easy for glove manufacturers to penetrate new emerging markets. Therefore, the segment offers potential growth opportunities to the players, particularly in developing regions that are catching up with high hygiene and healthcare standards. Factors such as rapidly growing healthcare markets, expanding middle-class population, and the rising awareness of hygiene and infection control are driving the growth of latex segment.
INSIGHTS BY APPLICATION
The global examination medical gloves market is expected to reach over $10 billion by 2025. The growing demand from the healthcare industry is a major factor contributing to the growth. The increasing usage of examination gloves to prevent healthcare professionals from the transmission of infectious agents is another driver, which is influencing the growth. These are made of latex, nitrile, and vinyl. Latex and nitrile exam types are often used when dealing with high-risk situations involving blood, body fluids, or patients with infectious diseases such as COVID-19 pandemic.
The growth in surgery volume, including orthopedic, laparoscopic, bariatric, and others, is expected to boost the surgical gloves market size. Around 15 million laparoscopic procedures are performed annually across the world. Hence, the increase in the volume of surgical procedures is expected to contribute to the segment in the upcoming year.
INSIGHTS BY CATEGORY
The powder-free medical gloves segment accounts for the largest market share as a majority of commercially available products are non-powdered ones. The demand is expected to grow at a steady rate primarily due to the low risk of infections. Several medical studies have stated that powder-free natural rubber gloves are considered cleaner than powdered ones. This characteristic has increased the popularity and demand from the healthcare industry. With the rising importance of powder-free ones, vendors are strategizing to offer innovative products with best-in-class manufacturing procedures.
With the growing pool of patients, coupled with the increased focus on the safety and hygiene treatment choice, the uptake of medical gloves is increasing. Powdered medical gloves account for less share in the global market. This is primarily because they leave a bit of a residue, which can result in contamination. The powder used in latex medical gloves can increase the risk of allergies, therefore making them a less popular choice in the medical industry.
INSIGHTS BY END-USER
In terms of revenue, hospitals and diagnostic laboratories are the major end-users in the medical gloves market. The segment is growing at a healthy rate and is likely to grow during the forecast period. This is primarily due to the high adoption of the latest generation treatment practices with standard hygiene and safety measures. The aging population and the increasing pool of patients with diseases such as CVDs, COPD, neurovascular diseases, gynecological diseases, cancer, orthopedic ailments are the major factors driving the growth of the hospital segment.
The diagnostic laboratories end-user segment accounted for over 29% share of the global market. The segment is growing at a healthy rate majorly due to the widespread usage in laboratory settings. Research professionals use examination medical type of products in these settings. The segment includes both public health laboratories and reference laboratories. In the recent outbreak of the COVID-19 pandemic, diagnostic laboratories have been on the front line of the battle against the virus, providing specimen collection, coordinating supplies, and offering testing facilities.
INSIGHTS BY GEOGRAPHY
The North American market is expected to grow at a CAGR of over 15% during the period 2019–2025. The region is characterized by high penetration of advanced treatment solutions for chronic and acute diseases, advancements in material such as latex-free non-allergic gloves. The favorable government financial support for several surgical procedures results in the higher uptake of surgeries as well as surgical & disposable gloves.
North America offers tremendous growth opportunities; therefore, the market is expected to continue to grow during the upcoming period. The US is the major revenue contributor to the global market. The country holds the highest value due to better healthcare facilities and medical coverage and spending. The US medical gloves market is growing at a significant rate and is likely to grow during the forecast period.
INSIGHTS BY VENDORS
The global medical gloves market share is very fragmented and is highly competitive, and dynamic characterized by the presence of many global, regional, and local vendors. The market players are offering a diverse range of product types for both examination and surgical applications. Large and diversified companies account for major shares. Also, most key players - Top Glove, Ansell, Kossan Rubber Industries Bhd, Hartalega Holdings, Supermax - have demonstrated consistent growth over the last few years.
Moderate to the high growth of major players will continue to boost the global medical gloves market growth. Top Glove market segmentation includes a host of the latest and modern medical gloves, which are driving the revenue of the company. AKZENTA INTERNATIONAL is another major world-class manufacturer in the global medical gloves market.
The global medical gloves market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Segmentation by Material
- Diagnostic Laboratories
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia