GCC Medical Gloves Market Poised for a Notable US$ 340.3 Million Milestone by 2031-FMI Study

A recent study by Future Market Insights (FMI) estimates that the in the GCC  medical gloves market will reach US$145 Milllion in 2020. Sales are forecast to grow at a healthy 7.9% CAGR, and by 2031, the market will be worth US$ 340.3 Million.

The modernization of lifestyles in the GCC has led to an increase in elective surgeries, which are more of an option than a life-or-death necessity. In places like Dubai and other Gulf nations, elective procedures like plastic surgery, liposuction, rhinoplasty, breast augmentation, breast reduction, blepharoplasty, etc. are becoming more and more common. The demand for medical gloves rises as a result of the supply of supplies that are ultimately needed for these surgeries.

When performing any type of surgeries, chances of glove punctures while using single set of gloves are high. Therefore, professionals use double set of gloves to avoid the possibility of contamination of sterile surgical equipment. These “double gloving” practices are expected to continue boosting sales over the assessment period.

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Key Takeaways:

• By raw material, the latex material segment is expected to hold 80.2% of the total market share in 2021, expanding at 7.9% CAGR during the forecast period.
• Based on product type, the examination gloves segment is projected to command 55.6% of total sales in 2021, expanding at 8.1% CAGR.
• By form, the powdered form segment is expected to hold 63.7% of the total market share in 2021, expanding at 8.0% CAGR.
• By type of use, sales of disposable gloves are anticipated to hold 90.5% of the total market share 2021, and are to projected to increase at a robust 8.0% CAGR over the forecast period.
• By end use, hospitals will account for 67.2% of total sales in 2021.
• By distribution channel, the direct selling channel will account for 55.1% of the total market share in 2021.
• Kingdom of Saudi Arabia (KSA) is anticipated to hold the largest share of 76.2% of the GCC medical gloves market in 2021.

Who is winning?

Leading players operating in the market are investing in mergers, acquisitions and collaborations with existing players and healthcare institutes to gain a competitive edge. For instance:

In August 2020, Ansell Healthcare Products LLC collaborated with Nordic company ONeMEd with an aim to expand their customer base in the Nordic countries. Ansell is one of the global leaders in hand protection equipment.

The key market players covered by FMI include Paul Hartmann AG,Hotpack Packaging Industries LLC,Falcon (Falcon Pack),Deeko Bahrain,Salalah Medical Supplies Mfg. Co. LLC,United Medical Industries,NAFA Enterprises Ltd.,Liberty Industries, Inc.,Ansell Healthcare,Mckesson Corporation,Cardinal Health, Inc.,Medline Indsutries, Inc.,Dynarex Corporation,Top Glove Corporation Berhad,Kimberly-Clark Corporation,Semperit AG Holding

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

GCC Medical Gloves by Category

Raw Material:

• Latex Material Gloves
• Nitrile Rubber Material Gloves
• Vinyl Rubber Material Gloves
• Polyisoprene Material Gloves

Product:

• Examination Gloves
• Surgical Gloves
• Chemotherapy Gloves

Form:

• Powdered form Gloves
• Powder-free form Gloves

Type of Use:

• Disposable Gloves
• Re-usable Gloves

End User:

• Hospital Use
• Clinic Use
• Ambulatory Surgery Centre Use
• Diagnostic Imaging Centre Use
• Rehabilitation Centre Use

Distribution Channel:

• Direct Selling Channel
• Medical Store Channel
• E-Commerce Channel
• Other (Retail Store or Hypermarket) Channel

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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