Medical Gloves Market to Reach Over $19 Billion by 2027. Nitrile Gloves Sweeping Away the Latex Gloves Market Share - Arizton
The nitrile gloves segment dominates the market and is increasing over time due to increased usage of nitrile gloves in medical applications. This is creating a huge demand for nitrile medical gloves. Many manufacturing companies are expanding their manufacturing capacities to supply more nitrile gloves to their clients across the globe.
Chicago, Aug. 17, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, medical gloves market to grow at a CAGR of 9.7% during 2022-2027. Disposable gloves are an essential item in any medical or healthcare setting. Materials used for preparing these gloves majorly include nitrile, latex, vinyl, neoprene, and others. Latex gloves have been used in several industries that require gloves and personal protective equipment. However, since the introduction of nitrile gloves, there has been a shift from latex to nitrile in several fields especially in the healthcare industry.
The growing importance of safety and hygiene in healthcare centers are increasing the usage of medical gloves. Over the several years, many studies have demonstrated the effectiveness of medical gloves in allowing HCPs to provide care for patients with infectious diseases while protecting their own health. The use of medical gloves can also stop the spread of dangerous pathogens within the healthcare setting, thereby enhancing the safety of everyone in the healthcare setting.
Medical Gloves Market Report Scope
Report Attributes | Details | |
MARKET SIZE (2027) | Over $19 Billion | |
MARKET SIZE (2021) | Around $11 Billion | |
MARKET SIZE (UNIT SHIPMENT) | $524.41 billion (2027) | |
CAGR (2022-2027) | 9.7% |
|
BASE YEAR | 2021 |
|
FORECAST YEAR | 2022-2027 | |
MARKET SEGMENTS | Material, Application, Category, End-User, and Geography | |
GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa | |
KEY PLAYERS | ANSELL, Hartalega Holdings, Kossan Rubber Industries, Mercator Medical, Supermax, Top Glove |
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Concept of Automated Medical Glove Manufacturing Boosting the Market Growth
In recent years, automation technology has taken great strides in the manufacturing of medical gloves. It has also helped to bring down the cost. With the demand for medical gloves increasing during the COVID-19 pandemic, manufacturers had to meet requirements, thereby increasing production capacities. Hence, the adoption of automation technology in manufacturing of medical gloves by several companies increased significantly.
Automation technology in the manufacturing of medical gloves has been highly advantageous for leading companies, especially those that require a large volume of production capacities. Manufacturers are witnessing major benefits associated with automation manufacturing and most of them are likely to adopt the technology in coming years. Major advances are also expected to occur in other parts of the medical gloves production process by fully automatic methods and meet underlying demands.
Key Insights
The growing demand for double gloving mostly while performing surgeries is one of the driving factors for the growth of the global medical gloves market.
Investing significant amount in R&D activities is key for the long-term success of the companies in the global medical gloves market. Therefore, many players including key and new entrants are investing huge amount on research activities.
Increasing incidence of HAIs and the importance of safety and hygiene standards recommended by various regulatory bodies is influencing the expansion of the global medical gloves market.
In recent days, latex gloves gained immense attention in both developed and developing markets. In addition, as a low-cost raw material, it is easier for glove manufacturers to penetrate new emerging markets by manufacturing natural rubber gloves.
Hartalega, a major glove manufacturing company, has emerged as one of the most automated glove production companies since the outbreak of the COVID-19 pandemic.
Key Offerings:
Market Size & Forecast by Revenue | 2022−2027
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Segmentation – A detailed analysis by material, application, category, end-user, and geography
Competitive Landscape – 6 Key Company Profiles and 61 Other Prominent Vendors
Competitive Landscape
Over the last few years, several companies that primarily deriving revenue from medical glove products is growing significantly. Multiple product launches, strategic acquisitions & partnerships, capacity expansion, and differentiated products have fueled their growth in recent years. For instance, the key player, Supermax, currently has a production capacity of about 24 billion pieces of gloves per annum, and it is looking forward to its expanding production capacity to about 44 billion pieces by the end of FY2024. In 2018, Kossan Rubber Industries completed the construction of the latest generation plant with an installed capacity of 1.5 billion pieces of gloves per annum. Moreover, most leading players focus on implementing several strategies such as establishing strategic collaborations, increasing R&D investment, launching new products, strengthening distribution networks, and enhancing market shares and presence in the medical gloves market.
Key Vendors
ANSELL
Hartalega Holdings
Kossan Rubber Industries
Mercator Medical
Supermax
Top Glove
Other Prominent Vendors
A1 Glove
Happy Hand Gloves
Hycare International
Kanam Latex Industries
Meditech Gloves
Maxwell Glove Manufacturing Berhad
Tan Sin Lian Industries
VLHS
Winmed Group
YTY Group
ACTEON
AKZENTA INTERNATIONAL
AlboLand
American Nitrile
Amigo Surgicare
Amkay Products
ANSELL
B. Braun Melsungen
Bergamot
BERNER International
Cardinal Health
CEABIS
Demophorius Healthcare
DIDACTIC
Elcya
ERENLER MEDIKAL
Franz Mensch
GLOVE RESOURCES
Hartalega Holdings Berhad
Hepro
HUM
HYGECO
Innovative Gloves
INTCO MEDICAL TECHNOLOGY
Indoplas Philippines
KALTEK
Kossan Rubber Industries
Leboo Healthcare Products
LOW DERMA
Medadv
MEDIBASE
Medilivescare Manufacturing
Mercator Medical
Mölnlycke Health Care
MRK Healthcare
Neomedic
Phoenix Rubber Products
Pidegree Industrial
Polyco Healthline
PM Gloves
Quality Latex Products
RFB Latex
Riverstone Holdings
Robinson Healthcare
Safeshield gloves
Sara healthcare
SHIELD Scientific
SHOWA GROUP
Smart Glove
Sri Trang Agro-Industry Public Company
Semperit AG Holding
Supermax
Top Glove
TROGE MEDICAL
Unigloves
WRP Asia Pacific
Wujiang Evergreen
Market Segmentation
Material
Nitrile
Latex
Vinyl
Neoprene
Others
Application
Examination
Surgical
Category
Non-Powdered
Powdered
End-user
Hospitals
Diagnostic Laboratories
ASCS
Clinics
Others
Geography
APAC
China
Japan
India
South Korea
Australia
Vietnam
Philipines
Thailand
Malaysia
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Russia
Netherlands
Poland
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Middle East & Africa
Turkey
Saudi Arabia
South Africa
UAE
Iran
Explore our healthcare lifesciences profile to know more about the industry.
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CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707