According to the research. Medical gloves are disposable and reusable gloves that are used during medical operations and examinations and preferably help prevent the spread of disease or infection. Medical gloves are made from various raw materials, including latex, nitrile rubber, vinyl rubber, neoprene and others.
New York, Jan. 18, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Medical Gloves Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” – https: / /www.reportlinker.com/p06381988/?utm_source=GNW
These raw materials are available in powdered and non-powdered form, and healthcare professionals use gloves during surgical examinations, committing a crime and others.
The demand for medical gloves has increased due to the continuously rising number of surgeries, major chronic diseases, improved healthcare systems and the essential nature of surgical gloves are some of the key growth drivers for the market. According to our research report, the global medical gloves market is expected to grow at a double-digit CAGR of 7.65% between 2022 and 2027.
The global market size for medical gloves will reach $13.35 billion by 2022
Due to the rise of infectious diseases, the demand for medical gloves is increasing worldwide. In addition, healthcare in major developing countries is expected to experience strong growth due to several factors, including growing investments in the public and private sectors, an increasing geriatric population, a growing population and a high influx of migrants.
However, dangerous reactions caused by gloves and high price rivalry from local manufacturers are expected to drive the expansion of the medical gloves market. For example, accelerators and other chemicals used in the production of latex and non-latex gloves can trigger allergic reactions, such as irritant contact dermatitis. Conversely, the introduction of disposable gloves in underdeveloped countries creates significant business potential.
The improved chemical resistance of nitrile gloves compared to vinyl and latex gloves is expected to drive market growth
On a raw material basis, the nitrile gloves dominate the market share during the forecast period due to increasing usage by healthcare professionals. The raw material market was segmented into latex gloves, nitrile gloves, vinyl gloves and neoprene gloves. In addition, nitrile gloves offer advantages such as long durability, less friction and puncture resistance than latex gloves. In addition, increasing awareness regarding latex allergies is expected to drive demand for these products over the projection period.
Non-sterile gloves The industry will grow more
On the basis of sterility, the global medical gloves market has been categorized into two types of sterile gloves and non-sterile gloves. Non-sterile gloves will grow more during the forecast period due to rapid use in hospitals and clinics and have a minimal risk of infection, and can be used multiple times compared to sterile gloves.
Non-powdered gloves will be used more in the coming years
On the basis of shape, Non-Powdered has the major market revenue due to an increasing preference for powder-free gloves for various surgical and non-surgical procedures. These gloves do not contain starch powder as they are associated with various allergies and side effects with prolonged use and can lead to a dangerous medical situation.
Surgical gloves will have more market share
Based on the application type, the global medical gloves market was divided into two types: examination and surgical gloves, surgical gloves hold the largest market share. The market for surgical gloves is growing due to increasing hygiene awareness among healthcare professionals and a growing number of hospital admissions. Surgical gloves worn by surgeons and healthcare professionals are specially designed to make direct contact with harmful objects.
Rising rates of infectious diseases and the establishment of infection prevention standards are driving the hospital market
End users classified the market into hospitals, clinics, ambulatory surgery, diagnostic centers and others. The hospital holds the maximum market share during the forecast period due to increasing patient intake in clinics, examination procedures and the demand for advanced technological advancements in the hospital sector. The rapidly growing geriatric population, especially in developed countries, coupled with the increasing prevalence of hospital-acquired infections and other infections, such as hepatitis and AIDS, is likely to increase demand for these products.
The increasing prevalence of Hospital Acquired Infections (HAIs), such as surgical site infections, ventilator-associated pneumonia and bloodstream infections, is likely to drive demand for end-use products in the hospital segment. In addition, the growing geriatric population, coupled with an increase in chronic health conditions, is predicted to drive industry growth.
North America will lead the medical glove industry
Geographically, the medical gloves market was split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the largest market share during the reporting period due to increasing demand for disposable gloves, general population awareness of safety and hygiene, powder-free gloves and other factors driving the growth of this market.
During the reporting period, Europe is expected to maintain significant market revenues thanks to advanced healthcare infrastructure and an increasing number of patients. However, Asia is expected to experience remarkable growth due to an increase in healthcare spending, a huge chronic disease patient base and higher disposable income. Moreover, India and China are expected to see growth at a high CAGR in the Asia Pacific medical gloves market.
Analysis of the main players
Some key players in the medical glove industry include Cardinal Health Inc., Honeywell International Inc., 3M Company, Ansell Limited, Semperit AG Holdings, Kossan Rubber Industries BHD, Hartalega Holdings Berhad, and Careplus Group Berhad.
In July 2021, hospital supply group Premier Inc. and Honeywell International announced that they would launch a new company that would efficiently produce 750 million nitrile exam gloves in the US.
In March 2021, Hartalega Holdings Berhad acquired land in Kedah from Northern Gateway Free Zone SdnBhd of 250 acres for US$55.4 million to diversify its glove manufacturing business.
This new report titled “Global Medical Gloves Market by Raw Material (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves and Others) Sterility (Sterile Gloves and Non-Sterile Gloves) Form (Powder Form and Non-Powder Form) Application (Examination Gloves and Surgical Gloves) End User (hospital, clinical, ambulatory surgery, diagnostic center and others) Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) Company (Cardinal Health Inc, Honeywell International Inc, 3M Company, Ansell Limited , Semperit AG Holdings, Kossan Rubber Industries BHD, Hartalega Holdings Berhad and Care plus Group Berhad)” provides a complete analysis of the global medical gloves industry.
Breakdown of the Raw Materials – Medical Glove Market from 5 Points of View:
1. Latex Gloves
2. Nitrile gloves
3. Vinyl gloves
4. Neoprene gloves
Sterility – Medical Glove Market Breakdown From 2 Viewpoints:
1. Sterile gloves
2. Non-sterile gloves
Form – Medical Glove Market Breakdown from 2 Points of View:
1. Powder form
2. Non-powder form
Application – Medical Glove Market Breakdown From 2 Points Of View:
1. Exam Gloves
2. Surgical gloves
Breakdown of the End-User Medical Gloves Market from 5 Points of View:
3. Ambulatory Surgery.
4. Diagnostic Center
Region – Medical Glove Market Breakdown from 5 Points of View:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East & Africa
Key players: All key players are covered from 3 points, such as:
• Recent developments
• Financial insights
1. Cardinal Health Inc.
2. Honeywell International Inc.
3. 3M company
4. Ansell Limited
5. Semperit AG Holdings
6. Kossan Rubber Industries BHD
7. Hartalega Holdings Berhad
8. Care plus Group Berhad
Read the full report: https://www.reportlinker.com/p06381988/?utm_source=GNW
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