Disposable Gloves Market will grow with CAGR 16.1% from 2019 to 2026
Jacky Chan, Jun.06,2021
The Disposable Gloves market was estimated at 7.0 billion US$ in 2019 and is probable to grasp 19.9 billion US$ by 2026, at a CAGR of 16.1% throughout 2019-2026. The researcher traces the market's historic and forecast market growth by geography.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Moreover, the regional outlook of the market and competitive strategies adopted by leading players. It covers different products and services involved in the Disposable Gloves market with a list of key players operating in the market.
Major Key Players Covered in The Disposable Gloves Market include these following companies,
* Adventa Berhad
* Ansell Limited
* Cardinal Health, Inc
* Dynarex Corporation
* Hartalega Holdings Berhad
* Kossan Rubber Industries Bhd
* Rubberex Corporation (M) Berhad
* Supermax Corporation Berhad
* Semperit AG Holding
* Top Glove Corporation Bhd
* Ammex Corporation
* Medline Industries, Inc
* Atlantic Safety Products, Inc
* Unigloves (UK) Limited
Some of the most widely used protective devices in the healthcare industry are disposable safety gloves. To avoid cross-contamination between patients and medical personnel, these gloves are worn. They are often used for general hand protection when handling different sensitive items in a medical environment. These disposable, single-use items are available in a variety of different materials, such as Latex, Nitrile Rubber, Vinyl, and Neoprene. Nowadays they come in non-powdered or powdered with cornstarch to lubricate the gloves that making them easier to put on the hands. The primary significance of the use of disposable gloves is that they are not only waterproof but also give strong resistance levels to most chemical substances, providing even more security. Many factors are contributing to the increase in the use of disposable surgical gloves.
The current COVID-19 pandemic has positively affected the demand for disposable surgical gloves. The recent outbreak of coronavirus infectious has greatly changed the perspective of the risk for infection from contact. The current concerns over the spread of coronavirus are expected to have a moderate impact on the growth of the disposable surgical gloves market. All medical gloves have become a source of medical concern that leads to depletion of medical gloves stock. Government regulations offering flexibility in the enforcement policy for gloves to expand the availability of medical gloves. However, the use of medical gloves is considered as part of standard precautions to reduce the risk of contamination which in turn continues to increase the demand for disposable surgical gloves for the long term.
An increase in the occurrence of chronic diseases and an increasingly aging population together with the growing burden of disease are some of the major factors for the growth of the disposable surgical gloves market globally. According to the World Health Organization, major chronic diseases currently account for around 60% of the 56.5 million total reported deaths in the world, and nearly 46% of the global burden of disease, and their contribution is anticipated to rise to 60% of the global burden of disease by 2025. On the other hand, an increase in the number of hospitals in developing countries also boosts the market growth. However, fluctuation in the price of raw materials is expected to hamper the growth of the market during the forecast period. Moreover, the introduction of disposable gloves in untapped economies will create several beneficial growth opportunities in the upcoming years.
In terms of region, North America holds the maximum market share in the global disposable surgical gloves market followed by Europe. Increasing healthcare expenditure coupled with a growing elderly population is the major demand driving factors in the North America region. Furthermore, in the European region, improving healthcare facilities together with an increasing number of hospital admissions will boost market growth. However, the Asia Pacific region is expected to grow at a rapid rate over the forecast period owing to the increasing incidences of chronic diseases in the region. Furthermore, rising demand for the advanced healthcare infrastructure system in the Asia Pacific is anticipated to witness healthy growth throughout the forecast period.