Global Medical Gloves Strategic Market Report 2023-2030 with Top Glove Dominating the Multi-Billion Industry

DUBLIN, Dec. 6, 2023 /PRNewswire/ — The “Medical Gloves – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Medical Gloves Market to Reach $46.9 Billion by 2030

The global market for Medical Gloves estimated at US$21.8 Billion in the year 2022, is projected to reach a revised size of US$46.9 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2022-2030. Examination Gloves, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$39.8 Billion by the end of the analysis period. Growth in the Surgical Gloves segment is estimated at 9.1% CAGR for the next 8-year period.

The COVID-19 pandemic had a profound impact on the production and sales of medical gloves. The increased need for personal protective equipment, including gloves, led to a surge in demand. However, this increased usage also raised concerns about skin damage due to excessive glove usage and environmental issues related to the disposal of medical waste.

The pandemic also resulted in a spike in the prices of medical gloves, with average selling prices (ASP) experiencing significant growth from the second quarter of 2020 to the first quarter of 2021. In the competitive landscape of medical gloves, key competitors vie for market share, and their competitive market presence varies from strong to niche or trivial.

The global market outlook for medical gloves indicates a wider acceptance of disposable medical gloves, with surgical gloves also experiencing healthy gains. Powder-free gloves have gained popularity due to safety concerns. Hospitals and clinics remain primary end-users of disposable medical gloves.

Medical gloves come in various types, including latex and non-latex gloves, with different benefits and drawbacks associated with each. The market includes examination gloves, surgical gloves, and both powdered and powder-free gloves. In the competitive landscape of medical gloves, various world brands play a significant role in the industry’s development and innovation. Recent market activity indicates the dynamic nature of this market segment.

The U.S. Market is Estimated at $6.9 Billion, While China is Forecast to Grow at 11.7% CAGR

Geographically, developed regions continue to be major revenue contributors, while developing regions are evolving into the fastest-growing markets. Malaysia leads global glove production, with top manufacturers like Top Glove, Hartalega, Kossan, and Supermax contributing significantly to the industry.

The Medical Gloves market in the U.S. is estimated at US$6.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

An Insight into Global Rubber Gloves MarketInnovations Drive GrowthSelect InnovationsFocus on Hygiene & Safety Amidst the Pandemic to Fuel Demand for Disposable Medical GlovesSurging Demand for Disposable Gloves Amidst the COVID-19 PandemicSignificance of Hand Protection in Hospitals and Laboratories Drives Demand for Medical GlovesRising Number of Medical Professionals and Surgeries Drive Growth in MarketRising Incidence of Hospital Acquired Infections Propels Market GrowthLeading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading InfectionsRising Cases of Chronic Wounds Propel Need for Medical GlovesGlobal Prevalence of Chronic Wounds by Wound TypeGrowth in Number of Surgical Procedures to Propel DemandGrowth in the Number of Surgeries in the US (2010-2025) and 2001-2010 (in %)Medical Gloves Demand Benefits from the Rise in Number of Cosmetic & Plastic SurgeriesAesthetic Surgical Procedures Worldwide: Percentage Breakdown of Procedures by Type of Surgery for 2020Increasing Patient Population & Medical Tourism Propel the MarketGrowing Needs of Aging Population Spur Demand for Medical GlovesGlobal Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030Improving Healthcare Expenditure Turbo Charges DemandWorld Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 & 2023Rise in Number of Diagnostic Laboratories Spurs Demand for Medical GlovesTrend towards Powderless Examination Gloves for Medical UseLatex Gloves Rapidly Lose Share to Synthetic GlovesNitrile Gloves: An Effective Synthetic Alternative to Natural Rubber Latex GlovesNitrile Gloves Market Witnesses Exponential Demand amid COVID-19 CrisisNitrile Gloves Witness Surging DemandMedical Nitrile Gloves Market Endows Stellar Opportunities for GrowthVinyl Disposable Gloves Laced with Inherent DrawbacksManufacturers of NR Latex Gloves Rise to the ChallengeUnderplayed Advantages of NRL: Hoping to Reinstate Consumer ConfidenceSurgical Gloves: Shaped by Comfort, Fit & Barrier ProtectionCOVID-19-Induced Shortages of Surgical Gloves despite Capacity ExpansionsSurgical Gloves Market Posts Healthy Growth as Demand Continues Skewing UpsidePent-Up Elective Surgery Demand Bodes Well for Surgical GlovesCumulative Surgery Cancellations Worldwide (In Million)Exploding Demand & Price Spree Enjoyed by Surgical Gloves to Subside GraduallySustainability as Prominent Buzzword in Surgical Gloves SpaceNew Surgical Gloves to Mitigate Risk of Allergic Contact DermatitisPopularity of Ambulatory Surgical Centers Surges Demand for Surgical GlovesImplementation of Double Gloving Practice Spurs Growth OpportunitiesAmidst Concerns over Environmental Pollution, Environmentally Friendly Gloves Find FavorFuture of Powdered Gloves Precariously Hangs in BalanceProduct Variables for Commercial SuccessManaged Care Vs. Cost ConcernsIndustry Upbeat on the Technology & Innovation FrontHartalega Develops Non-Leaching Antimicrobial Gloves with Active IngredientTechnology/Product Breakthroughs in Recent YearsDemand and Supply DynamicsDurability of Medical Gloves: A Key Issue

FOCUS ON SELECT PLAYERS (Total 229 Featured)

AliMed, Inc.Abena A/SAngiplast Pvt., Ltd.Adenna, Inc.Adex Medical, Inc.Alliance Rubber Products Sdn. Bhd.American Healthcare Products, Inc.365 HealthcareAkzenta International SAAlboLand SrlAmax Health Inc.Alsace ProtectionAmkay Products Pvt. Ltd.Amazing Rubber Products Pvt. Ltd.Amigo Surgi-care Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/xzw4yh

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