Medical Gloves Market would rise to USD 36.82 billion by 2030

The persuasive Medical Gloves Market report displays the systematic investigation of existing scenario of the market, which takes into account several market dynamics. The careful efforts accompanied with integrated approaches gives an output of such excellent market research report that drives the decision making process of the business. This market study also evaluates the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Talented capabilities and brilliant resources in research, data collection, development, consulting, evaluation, compliance and regulatory services work together to formulate the world-class Medical Gloves Market research report.

The healthcare structure in several emerging nations is enhancing, and as a result, the awareness associated with medical facilities is also growing. This has resulted in a higher number of hospital visits and surgeries. In this regard, the wide use of personnel protective devices, particularly protective medical gloves, is a mainstay to prevent skin contact. Furthermore, the increasing importance of health and safety standards in healthcare industries, especially during the global COVID-19 pandemic, is enhancing the demand for medical equipment.

Data Bridge Market Research analyses that the medical gloves market, which was USD 16.9 billion in 2022, would rise to USD 36.82 billion by 2030 and is expected to undergo a CAGR of 10.20% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Medical gloves are hand gloves worn by healthcare professionals to decrease patient infection transmission. Medical gloves are made of several materials and are widely available in the market through both online and offline modes of distribution. They comprise different polymer materials such as latex, PVC, rubber, and neoprene. They are widely available in a powdered or unpowdered form for better feasibility.

Drivers

• Increasing Adoption of Surgical Gloves

The increasing prevalence of chronic diseases, such as heart disease and cancer, frequently needing medical procedures and operations for treatment, is expected to boost the product demand in surgical applications. Surgical gloves have higher quality standards and are often used by surgeons and Operating Room (OR) nurses than examination gloves. These gloves are sterile and commonly used for surgical procedures as they have the exact size and are specially designed to provide great precision and tactile sensitivity. Thus, this factor boosts market growth.

• Increasing Rate of Hospital Visits

With the improvement in healthcare structure in developing countries, the awareness associated with medical facilities is also growing. This has resulted in a higher rate of hospital visits and surgeries. Furthermore, hospital visits in emerging and developed countries have also increased. For instance, the number of visits to the accident and emergency department (A&E) has increased constantly over the years in the U.K. According to a 2020 report by the National Health Service, the number has risen from 59,396 in 2013 to 70,230 in 2019. With this increasing rate, the need for medical gloves also increases. Thus, this factor boosts market growth.

Opportunities

• Increasing Demand for Chemotherapy

The demand for chemotherapy is anticipated to increase because of the increasing cancer incidence. According to Cancer Research U.K., there will be around 27.5 million new cancer cases globally annually by 2040, more than 17 million in 2018. With the growing demand for chemotherapy, the demand for chemotherapy-grade gloves is also anticipated to increase. Thus, this factor boosts market growth.

• Increasing Prevalence of Chronic Diseases

The increasing prevalence of chronic diseases has surged the number of hospital visits and re-admissions, which is, in a way, positively impacting the product demand globally. It has been witnessed that there is a growing number of surgical procedures performed in the U.S. such as  cesarean section, Coronary Artery Bypass Graft (CABG), appendectomy, carotid endarterectomy, and circumcision which demands the high use of medical gloves. Thus, these are expected to boost the industry demand.

Restraints/Challenges

• Side Effects of Medical Gloves

There is a high chance of infection after the use of medical gloves. Numerous adverse skin reactions, including allergic contact dermatitis, irritant contact dermatitis, and contact urticaria, have been witnessed with these gloves. Wearing gloves for prolonged periods also causes moisture to build up, eventually increasing the risk of fungal infections. Thus, this factor hampers the market growth.

This medical gloves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical gloves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Medical Gloves Market Scope

Product Type

• Examination
• Surgical
• Chemotherapy

• Medical Gloves Services

Sterility

• Sterile Gloves
• Non-sterile Gloves

Form Type

• Powdered Form
• Powdered-free

Raw Material Type

• Latex
• Nitrile Rubber
• Vinyl Rubber
• Polyisoprene

Usage Type

• Disposable
• Reusable
• Others

Distribution Channel

• Direct Selling
• Medical Store
• Online
• Others

End User

• Hospitals, Clinics
• Ambulatory Surgery Centre
•  Diagnostic Centres
• Rehabilitation Centres
• Others

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

Some of the major players operating in the medical gloves market are:

• Cardinal Health. (U.S.)
• Medline Industries, Inc. (U.S.)
• YTY Group. (Malaysia)
• Arista Networks, Inc. (U.S.)
• JIANGSU JAYSUN GLOVE CO., LTD (China)
• Bluesail Medical Co., Ltd. (China)
• Shandong Yuyuan Latex Gloves Co., Ltd. (China)
• Zhanjiang Jiali Glove Products Co., Ltd. (China)
• McKesson Corporation (U.S.)
• Dynarex Corporation. (U.S.)
• Robinson Healthcare (U.K.)
• SHIELD Scientific B.V. (Netherlands)
• PAUL HARTMANN AG (Germany)

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Medical Gloves Market Regional Analysis/Insights

The medical gloves market is analyzed and market size insights and trends are provided by product type, sterility, form type, raw material type, usage type, distribution channel and end user as referenced above.

The countries covered in the medical gloves market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical gloves market because of the advanced healthcare facilities, increasing investment from major market players in the growth of the advanced devices, increasing number of processes associated with drug development. Also, several strict government regulations regarding the disinfection and cleaning of medical equipment are boosting the market growth in this region.

Asia-Pacific is expected to witness significant growth due to the rise in government initiatives to raise awareness, rising research activities in the region. Also, the presence of numerous government organizations mainly focused on improving infection control standards and the increasing demand for quality healthcare in the region are boosting the growth size in this region.

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