USD 10 billion
Report ID:
SQMIG35B2156 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
90
|Figures:
66
Surgical Gloves Market size was valued at USD 10.3 Billion in 2023 and is poised to grow from USD 10.61 Billion in 2024 to USD 13.44 Billion by 2032, growing at a CAGR of 3% during the forecast period (2025-2032).
The rising demand for enhanced safety and security within healthcare workplaces, coupled with increasing healthcare expenditures and the resurgence of the COVID-19 pandemic, is anticipated to generate a positive impact on the growth of the industry. The resurgence of COVID-19 in countries like China, Germany, France, Italy, and Belgium is projected to escalate the need for testing, surveillance, and hospital visits, consequently driving up the demand for related products. Moreover, the pandemic has spurred the requirement for disposable medical gloves, creating strain within the supply chain and prompting manufacturers to expand their production capacities to cater to the heightened demand.
In the U.S., the market is undergoing a transformation due to the effects of the COVID-19 pandemic. The elevated prevalence of chronic diseases has led to an increase in hospital visits and re-admissions, thereby bolstering the demand for these products. The surge in surgical procedures such as cesarean sections, appendectomies, Coronary Artery Bypass Graft (CABG) surgeries, carotid endarterectomies, and circumcisions is expected to contribute to the growing demand for disposable medical gloves.
These gloves are distributed through diverse channels like distributors, retailers, e-commerce platforms, and social media advertising. While certain manufacturers prefer direct distribution to companies, hospitals, and consumers to reduce costs, the production of disposable medical gloves remains capital-intensive due to expensive raw materials and intricate manufacturing processes.
US Surgical Gloves Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10 billion
Largest Segment
Disposable Gloves
Fastest Growth
Reusable Gloves
Growth Rate
3% CAGR
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The global surgical gloves market is segmented on the basis of product, form, usage, sterility, distribution channel, end – use, region. By product, the market is segmented into latex gloves, nitrile gloves, vinyl gloves, neoprene gloves, others. By form, the market is segmented into powder-free gloves, powdered gloves. By usage, the market is segmented into disposable gloves, reusable gloves. By sterility, the market is segmented into sterile gloves, non-sterile gloves. By distribution channel, the market is segmented into brick and mortar, e-commerce. By end – use, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostics centers, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Surgical Gloves Market Analysis By End - Use
The hospital segment within the end-use category emerged as the frontrunner, commanding the largest portion of the global revenue pie at 55.6% in 2022. This prominence is attributed to several factors, including the rapidly expanding geriatric population, particularly in developed nations, and the concurrent rise in hospital-acquired infections such as hepatitis and AIDS. These factors are projected to contribute significantly to the escalating demand for medical gloves. The mounting prevalence of Hospital-Acquired Infections (HAIs) like surgical site infections, ventilator-associated pneumonia, and bloodstream infections is anticipated to be a key driver propelling the need for medical gloves within the hospital end-use segment.
Medical professionals operating in primary care settings are often the first point of contact for patients with undiagnosed symptoms or health concerns. Given this critical role, the utilization of medical gloves becomes paramount to prevent cross-transmission and contamination when working with individuals with undetected medical conditions. As the number of patients seeking consultation at primary care facilities continues to rise, this trend is expected to provide an additional boost to the growth of this specific segment.
Surgical Gloves Market Analysis By Usage
In the year 2022, the segment categorized by usage, specifically disposable gloves, commands a substantial market share of 85.4%. These gloves offer a practical solution that effectively addresses infection control and cross-contamination concerns, thereby safeguarding both healthcare professionals and patients. As the importance of safety measures gains prominence within healthcare institutions, the global demand for disposable surgical gloves is poised for a considerable rise.
The market for disposable gloves is characterized by intense competition, driving manufacturers to consistently innovate and enhance their products in response to evolving consumer needs. This ongoing pursuit of innovation not only fosters product improvement but also ensures that the industry remains responsive to the dynamic demands of the healthcare sector. This competitive landscape underscores the dedication of manufacturers to deliver high-quality, reliable disposable gloves that align with the industry's evolving requirements.
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In 2022, North America assumed the market leadership role, capturing more than 37.2% of the global revenue share. This dominance can be attributed to the continuous advancements within the field of surgery, encompassing medical technology innovations and the implementation of High-reliability Organizing (HRO) principles. These developments are anticipated to foster growth within the hospital sector, consequently driving the demand for associated products. The region's commitment to stringent government regulations designed to ensure the safety of patients, medical professionals, and facility personnel, alongside the imposition of substantial penalties for noncompliance, is expected to further stimulate industrial demand.
In Europe, the well-established healthcare infrastructure and ongoing strides in surgical innovations and practices, such as the standardization of procedures and technical enhancements, are poised to propel growth within this segment. Meanwhile, the Asia Pacific region is set to exhibit the highest Compound Annual Growth Rate (CAGR) over the forecast period. This growth trajectory is underpinned by the surge in healthcare establishments including hospitals and clinics, coupled with the increasing preference for home care services and the flourishing medical tourism industry across the region. As the population continues to expand, the demand for healthcare services is expected to rise, consequently driving the need for associated products.
India's healthcare sector is poised for significant expansion, driven by multiple factors such as population growth, rising disposable incomes, increased access to insurance coverage, heightened health awareness, and substantial investments from both public and private stakeholders. Moreover, the escalating instances of obesity have led to a higher prevalence of chronic illnesses like cardiovascular diseases and diabetes, necessitating a wide array of healthcare interventions and services. This health landscape is expected to contribute positively to the market's growth trajectory within the country.
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Surgical Gloves Market Drivers
Global Health Emergencies
Stringent Infection Control Regulations
Surgical Gloves Market Restraints
Supply Chain Disruptions
Latex Allergies
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The competitive landscape of the global Electrolytic Manganese Dioxide (EMD) market is characterized by the presence of key players actively vying for market share. These players are engaged in strategic initiatives to enhance their product portfolios, expand their market reach, and capitalize on the growing demand for battery materials. The market is moderately consolidated, with a mix of established multinational corporations and specialized manufacturers.
Major industry participants include companies such as Delta EMD Limited, Tosoh Corporation, Tronox Holdings plc, and American Manganese Inc. These players are focused on research and development to improve the performance and efficiency of their EMD products, catering to the diverse needs of battery manufacturers. Collaborations, partnerships, and joint ventures are common strategies employed by key companies to leverage their strengths and expertise in material science and battery technology.
Geographic expansion and investments in production facilities are additional tactics employed by leading manufacturers to strengthen their supply chain and meet the rising demand for EMD. As the electric vehicle market continues to grow, EMD producers are forming alliances with automotive manufacturers and battery suppliers to secure long-term contracts and ensure a consistent supply of high-quality EMD.
Surgical Gloves Market Top Player’s Company Profiles
Surgical Gloves Market Recent Developments
In December 2023, a Quebec-based company, Medicom Group Inc., which specializes in personal protective equipment announced that it will open a 140,000 sq. ft.factory southeast of London near Veteran Memorial Parkway and Bradley Avenue to increase domestic production of medical-grade gloves. The new manufacturing plant, slated to be finished in 2026, is anticipated to make one billion gloves a year according to Medicor.
In June 2023, Maxter Healthcare started construction on the first part of a surgical glove manufacturing plant in Brazoria County, south of Houston. It would be Maxter Healthcare's first site in the U.S., with an investment upto $550 million.
In May 2023, Ansell, a global expert in personal protective equipment, marked the first phase of Go Live for Packing & Irradiation Operations at its new Kovai manufacturing facility in India with a grand launch event on 24th March, 2023.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global surgical gloves market analysis, the global surgical gloves market is poised for substantial growth in the coming years due to a combination of key factors. The rising demand for safety and infection prevention in healthcare settings, coupled with the resurgence of the COVID-19 pandemic, is expected to drive the market's expansion. The emphasis on safety measures and the need for protective equipment, including surgical gloves, in hospitals and other healthcare facilities will continue to support market growth.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10 billion |
Market size value in 2031 | USD 13.05 billion |
Growth Rate | 3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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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 Surgical 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 Surgical 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 Surgical Gloves Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surgical 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.
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Report ID: SQMIG35B2156
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