Medical Gloves Market size to exceed $32.3bn by 2030

Medical Gloves Market size is set to surpass USD 32.3 billion by 2030, according to a new research report by Global Market Insights Inc.
 

With growing awareness regarding safety and hygiene, rapid growth in the number of surgeries worldwide, increasing number of healthcare facilities in developing countries, and growing number of contagious diseases worldwide have resulted in increased adoption of medical gloves across the globe. Medical gloves are personal protective equipment intended to prevent spread of infection and contaminations during patient examination and medical procedures. These gloves act as a barrier and provide protection against any bacterial or fungal infection and safeguard the user from hazardous chemicals.
 

Growing number of surgeries worldwide will to spur the medical gloves market statistics

The rising prevalence of chronic and acute conditions have added to the increasing number of surgical interventions across the globe. Additionally, increasing occurrence of road accidents causes injuries such as knee injuries, brain injuries, broken bones, back and spinal cord injuries that require immediate medical intervention. Furthermore, the growing popularization of minimally invasive surgeries has further added to the rise in number of surgeries.
 

Increasing cases of the COVID-19 infections will promote medical gloves adoption

latex gloves segment crossed USD 7.4 billion in 2021. This is owing to the increase in adoption of the latex gloves during the onset of the COVID-19 pandemic as a preventative measure to curb cross contamination between practitioners and patients in healthcare settings. As recorded by the WHO, there have been 87,020,037 confirmed cases of COVID-19 recorded as of July 2022 in the U.S.
 

Browse key industry insights spread across 450 pages with 782 market data tables & 25 figures & charts from the report, “Medical Gloves Market Analysis By Product (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves), Form (Powder-free Gloves, Powdered Gloves), Application (Examination Gloves, Surgical Gloves), Usage (Disposable Gloves, Reusable Gloves),  Sterility (Sterile Gloves, Non-sterile Gloves),  Distribution Channel (Brick and Mortar, E-commerce),  End-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/medical-gloves-market
 

Growing number of contagious diseases will accelerate the medical gloves market trends

Powdered gloves segment is anticipated to reach USD 623 million by 2030. This is driven by the increase in the contagious and infectious diseases. The use of medical gloves for prevention of such diseases is particularly high due to the high disease burden. However, powdered gloves contain added corn starch powder that acts as a lubricant and promotes easy donning & removal and prevents the gloves from sticking together, which makes the usage easy.
 

Rise in number of healthcare facilities will foster the medical gloves market revenue

Surgical gloves segment is projected to surpass USD 9.6 billion by 2030. This is owing to the rising number of healthcare facilities. The growth in healthcare expenditure have contributed to better outcomes in healthcare infrastructure and overall therapeutic, diagnostic, and surgical intervention of a patient. Thus, rendering a positive impact on the surgical infrastructure, practitioners, equipment, and overall surgical procedures, and in turn have an assertive growth in surgical gloves segment.
 

Growing adoption of reusable gloves in healthcare settings due to its advantages will accelerate medical gloves market expansion

Reusable gloves segment exceeded USD 4.5 billion in 2021. This is attributed to the sustainability, cost effectiveness, efficiency, durability, and eco-friendly nature of the reusable gloves. Reusable medical gloves are thicker & durable than the disposable gloves and can be used multiple times after cleaning & disinfecting. Reusable gloves are fit to prevent cross contamination in a hospital setting as well as provide protection against harmful chemicals and biohazardous substance in a healthcare setting.
 

Prevalence of cardiovascular diseases will propel the adoption of medical gloves

Medical gloves market from sterile gloves segment was valued at USD 8.9 Billion in 2021. This is owing to the increase in chronic diseases that increase the number of diagnostic and therapeutic interventions in a healthcare setting. The growing cardiovascular burden for instance, have been prevalent across the globe. Increased the number of surgical procedures pertaining to the heart diseases, and thus will accelerate the adoption of medical gloves. Moreover, sterile gloves are free from any contaminants and are deemed ideal for usage during surgical procedures.
 

Convenience of e-commerce space will result in greater user influx and promote industry growth

E-commerce segment is likely to witness 19.9% CAGR during the projected timeline due to the convenience it offers to the buyers. E-commerce has led to the development of e-pharmacies that is an online platform used for buying or selling medical consumables including gloves.  Moreover, the advantages offered by the e-commerce platforms are faster buying process, cost reduction, flexibility for customers, product and price comparison, faster response to buyer/market demands. Thus, the above-mentioned components will spur the market growth in the years to come.
 

Advancements in patient care in an ambulatory surgical center will influence better therapy and diagnosis

Medical gloves market from ambulatory surgical center segment surpassed USD 4.8 billion in 2021. This is attributed to the increasing number of minimally invasive procedures. Ambulatory surgical centers provide effective out-patient services with reduced admission time. With the adoption of advanced medical equipment and experienced staff, these clinical facilities offer better treatment solutions with relatively lower waiting time & reduced patient stay.
 

Growing demand for medical gloves in Germany will augment the medical gloves market outlook 

Germany market is projected to cross USD 1.2 billion by 2030. This is owing to the increasing focus towards patient monitoring during diagnosis and treatment, rising awareness regarding use of medical gloves for preventing cross contamination among COVID-19 patients, practitioners, and non-infected patients. Additionally, rise in number of chronic conditions have had an exponential patient influx in healthcare settings for therapeutic, diagnostic, and surgical interventions, which has increased the adoption of medical gloves.
 

Players are emphasizing on strategic initiatives and innovative product launches to expand business operations

Some of the major players operating in the medical gloves industry are Top Glove Corporation Berhad, Supermax Corporation Berhad, Medline Industries, Semperit AG Holding and Kossan Rubber Industries Bhd. among others. These industry players are engaged in strategic collaborations, partnerships, and agreements to gain competitive advantage over their competitors.
 

For instance, In June 2019, Top glove launched BioGreen Biodegradable Nitrile Powder-Free Gloves. This ecologically friendly type of disposable nitrile gloves is designed to biodegrade in anaerobic situations (where there is little to no breathable oxygen), such as landfills, to provide unsurpassed protection not just for the user but also for the environment. New launches such as this helped the company diversify its product portfolio and expand its user base in the market.