Allied Market Research published a research report on the disposable medical gloves market. The findings of the report states that the global market for disposable medical gloves system generated $4.04 billion in 2017, and is expected to reach $8.44 billion by 2025, manifesting a CAGR of 9.5% from 2018 to 2025. The report provides valuable data on changing market dynamics, key segments, top investment pockets, and competitive scenario for market players, new entrants, investors, and shareholders.
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Disposable medical gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing diagnostic tests to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable medical gloves has been a prerequisite for medical applications globally.
The market for disposable medical gloves is primarily driven by their requirement in medical and surgical applications to ensure safety and hygiene. In addition, the rise in number of end users, such as healthcare and pharma industries, is expected to supplement the disposable medical gloves market trend. However, allergic reaction from certain gloves as well as competition pricing offered by local manufacturers are expected to hamper the market growth. However, the impact of this limitation is anticipated to diminish in future due to ongoing improvements in production of disposable medical gloves.
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“The growth of the disposable medical gloves market is attributed to the rise in concern for safety and hygiene, coupled with advanced manufacturing technologies. Market players have successfully developed gloves with different properties such as higher resistance against chemicals, greater anti-tear properties and gloves with limited thickness thereby not affecting the donning and doffing process, which is anticipated to create huge opportunities for the growth of disposable medical gloves industry.” Said Onkar Sumant, the manager of Healthcare at Allied Market Research.
The report provides detailed information based on the key determinants of the market to help market players in devising growth strategies and capitalizing on opportunities. The growing concern for safety & hygiene drives the growth of the global disposable medical gloves market. However, allergic reaction from certain gloves and competition pricing offered by local manufacturers restrain the growth to certain extent. Moreover, rise in number of end users such as health care and Pharmaceutical industries is anticipated to present lucrative opportunities in the future.
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Based on region, the market is studied across regions including Asia-Pacific, North America, Europe, and LAMEA. The market across North America dominated in 2017 with the highest market share in 2017 accounting for more than two-fifths of the total revenue share. However, the region across Asia-Pacific is expected to exhibit the highest CAGR of 10.6% throughout the forecast period.
Leading market players of the global disposable medical gloves market analyzed in the report include Berhad, Supermax Corporation Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd., Hartalega Holdings Berhad, Dynarex Corporation, Cardinal Health, Inc., B. Braun Melsungen AG and Ansell Limited. Other players operating in the value chain are Unigloves (UK) Limited, Smart Glove Corporation Sdn Bhd, Cypress Medical Products LLC, Microflex Corporation, Mölnlycke Health Care, and YTY Industry Holdings Berhad.
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