USD 11844.08 million
Report ID:
SQMIG25K2069 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
113
|Figures:
80
Disposable Gloves Market size was valued at USD 11844.08 million in 2019 and is poised to grow from USD 12306 million in 2023 to USD 16712.5 million by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).
The availability of advanced healthcare infrastructure, high disposable income levels of patients, and the significant geriatric population are all important drivers of the disposable glove market in the United States. Additionally, the nationwide Covid-19 pandemic has increased the demand for disposable gloves, especially in the healthcare sector. Exposure to hazardous chemicals is one of the main causes of worker health problems while working in industrial environments. Frequent hazards in a variety of occupations, including healthcare, medicine, and mining, include skin diseases, rashes, hand wounds, amputations, and blood borne pathogens. The primary drivers expected to drive the market over the forecast period are likely to be safety regulations.
Growing awareness of the importance of raw materials in providing high heat resistance, comfort, flexibility, and lightweight qualities is expected to drive the research and development activities of key players in the market. These initiatives aim to increase the multi-functionality of disposable gloves and expand their scope of application by incorporating new features into existing designs. Due to the high cost of raw materials and complicated manufacturing process, manufacturing disposable gloves requires a huge amount of money. Major raw material suppliers in the market have converged across the value chain to develop these gloves, which is expected to boost market competition. However, the adverse effect of certain gloves and high competition among key players is key factors that hamper the market growth.
US Disposable Gloves Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 11844.08 million
Largest Segment
Powder-free
Fastest Growth
Powder-free
Growth Rate
3.9% CAGR
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Global disposable gloves market is segmented on the basis of material, product, application, sterility, and region. By material, the market is segmented into nitrile gloves, natural rubber latex gloves, Polyvinyl Chloride (PVC) gloves, and others. By product, market is segmented into powdered and powder-free. By application, market is segmented into medical & healthcare, surgical and non-medical. By sterility, market is segmented into Sterile and non-sterile. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Disposable Gloves Market Analysis by Product
The powder-free product segment dominated the global market in 2021. Stringent regulations on the use of powdered gloves imposed by numerous governments across the globe are predicted to fuel the growth of the powder-free gloves market. Powder-free gloves are made less form-fitting by the chlorination process, which also makes them easier to put on and take off. The growing demand for powder-free gloves is estimated to drive the market over the forecast period across several sectors, including the chemical, medical, and food processing industries.
Powdered gloves offer several advantages over powder-free gloves, including the ability to provide a tight fit and protection against hazardous chemicals or physical contaminants. Cornstarch powder, which is used in latex gloves, can cause allergies or sensitivities but is not a concern in vinyl or nitrile gloves. The U.S. Food and Drug Administration (FDA) effective January 19, 2017, banned the production, sale, and distribution of all powdered patient examination gloves, powdered surgical gloves, and absorbable powders used to lubricate surgical gloves. The ban is expected to limit the market growth in the coming years.
Disposable Gloves Market Analysis by Application
The medical and healthcare segment dominated the market in 2021. The Covid-19 pandemic increased the demand for gloves used for screening and testing as well as prevention by medical personnel worldwide. Surgical gloves and examination gloves are two general categories of disposable gloves based on their purpose. Due to the increasing demand in hospital, veterinary and dental applications, disposable examination gloves have expanded significantly in the medical industry. Compared to examination gloves, surgical disposable gloves have higher quality standards and are frequently used by surgeons and operating room nurses.
These are essential to protect workers from hand injuries, which are widespread in industries as diverse as food processing, construction, automotive, oil and gas, and metal fabrication. These gloves protect hands from hot, splintering, corrosive, sharp-edged, highly vibrating, electrified, or extremely cold objects. The chemical and petrochemical segment in the non-medical market is projected to grow at a CAGR of 7.9% during the period due to the increasing use of the product in laboratories and the chemical industry to handle volatile chemicals. During the forecast period, it is also estimated that rising employee safety concerns and measures to reduce injury rates in industrial plants will increase the demand for protective gloves.
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North America dominated the global market in 2021. Due to the Covid-19 pandemic, the demand for disposable gloves has increased significantly in the region. Rising healthcare expenditure, coupled with a growing geriatric population and increased awareness of healthcare-acquired diseases, is expected to fuel the market growth of this region. The reform plan includes investment in new facilities as well as infrastructure and modernization of the public health care system. These advances are expected to increase the demand for medical devices and equipment. The growing medical industry in the country is expected to increase the demand for hand protection devices including disposable and long-lasting gloves.
The Asia Pacific market is characterized by growing demand for these gloves in medical, food & beverage, and industrial settings. The rapid spread of the Covid-19 pandemic in several nations including India, Indonesia, and the Philippines is also predicted to increase the demand for disposable gloves. The Latin American market is expected to grow at a CAGR of 5.7% during the forecast period. The market in the region is expected to benefit from factors including increasing public-private partnerships in the healthcare sector, improving healthcare infrastructure, and expansion of the healthcare sector over the forecast period.
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Disposable Gloves Market Drivers
Increased implementation of better industrial safety and hygiene regulations
Disposable Gloves Market Restraint
Raw material sources are highly concentrated, making the market susceptible to supply chain disruption
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The global disposable gloves market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
For example, In January 2021, Ansell Limited completed the acquisition of the Primus brand and related assets, including Primus Gloves Life Science Unit and Sanrea Healthcare Products ("Primus"). Additionally, a long-term supply arrangement has been established between Ansell and Primus. One of the few manufacturers of long cuff gloves with a well-known name in the world is Primus, an Indian company that manufactures and markets gloves for the life science and specialty medical industries. The acquisition increases the company's footprint in this important Indian market, giving it the opportunity to further accelerate the growth of its life sciences division.
In January 2020, Medline acquired Médi-Sélect in Canada, a distributor of medical and dental supplies. The acquisition will help Médi-Sélect expand its customer base across the country and drive revenue growth.
Disposable Gloves Market Top Player’s Company Profiles
Disposable Gloves Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global disposable gloves market analysis, the availability of advanced healthcare infrastructure, a high level of disposable income among patients, and a substantial geriatric population are all important drivers of the market in the United States. In addition, the nationwide Covid-19 pandemic has increased the demand for disposable gloves, especially in the medical field. The powder-free product segment dominated the market, accounting for more than 70.0% market share in 2021. Stringent regulations regarding the use of powdered gloves imposed by many governments across the globe are expected to boost the growth of the powder free gloves market. The medical and healthcare segment dominated the market in 2021. The Covid-19 pandemic is expected to increase the demand for gloves used for screening and testing as well as prevention by medical personnel worldwide. North America dominates the market, accounting for more than 35.0% of worldwide revenue in 2021. Rising healthcare spending, coupled with a growing geriatric population and increased awareness of healthcare-associated diseases, is expected to fuel market growth for this region. These developments are expected to increase the demand for medical devices and equipment.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 11844.08 million |
Market size value in 2031 | USD 16712.5 million |
Growth Rate | 3.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Disposable Gloves Market Recent Developments
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Disposable Gloves Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Disposable Gloves Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Disposable Gloves Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Disposable Gloves Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Disposable Gloves Market size was valued at USD 11844.08 million in 2019 and is poised to grow from USD 12306 million in 2023 to USD 16712.5 million by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).
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Report ID: SQMIG25K2069
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