Disposable Medical Gloves Market is Estimated to Witness High Growth Owing to Rising Health Consciousness among Consumers
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| Disposable Medical Gloves Market |
The
disposable medical gloves market has seen significant growth in recent years.
Disposable medical gloves are essential for healthcare professionals to avoid
cross-contamination between patients and to maintain sterility while treating
patients or handling samples and medical equipment. Made of synthetic materials
like nitrile, vinyl or latex, these gloves provide a protective barrier and are
integral to standard infection control protocols. The rising incidences of
Hospital Associated Infections (HAIs) and growing awareness surrounding hygiene
and individual healthcare has propelled the demand for disposable gloves
globally.
The Global disposable medical gloves market is estimated to be valued at US$
8.51 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast
period 2024 to 2031.
Key Takeaways
Key players operating in the disposable medical gloves market are Cardinal
Health, Inc., Adventa Berhad, Ansell Ltd., Dynarex Corporation, Hartalega
Holdings Berhad, Supermax Corporation Berhad, Semperit AG Holding, Top Glove
Corporation BHD, Rubberex Corporation (M) Berhad, and Kossan Rubber Industries
BHD, among others.
The key opportunities in the Disposable
Medical Gloves Market Size include increased demand from emerging
economies due to growing medical awareness, investments by key players into
automation and capacity expansion to cater to rising demand.
The global expansion of the market will be driven by growing incidences of
pandemics and chronic diseases, increasing healthcare budgets of developing
nations, rising medical tourism, and strengthened regulations regarding hygiene
and safety at medical facilities.
Market drivers
The growing incidences of Hospital Associated Infections (HAIs) coupled with
the COVID-19 pandemic have increased awareness surrounding hand hygiene,
sterilization and individual healthcare. This is a key driver propelling the demand
for disposable medical gloves globally. Consumers are increasingly
health-conscious and opt for hospitals and medical facilities with strict
hygiene protocols involving use of protective gear like gloves by staff to
avoid the spread of infections. This is expected to drive the market
substantially over the forecast period.
PEST Analysis
Political: Regulations regarding disposal and recycling of medical waste have
become more stringent over the years to minimize environmental contamination.
Governments across the world are also promoting usage of disposable medical
gloves in healthcare facilities to prevent spread of infections.
Economic: The outbreak of Covid-19 pandemic boosted sales of disposable medical
gloves significantly due to increased demand from healthcare sector. However,
fluctuations in raw material prices can impact production costs.
Social: Growing health awareness and focus on hygiene have increased acceptance
of disposable medical gloves among consumers and medical professionals. They help
curb spread of various infections and diseases.
Technological: Manufacturers are focusing on development of nitrile and
vinyl-based gloves with improved flexibility, strength and puncture-resistance.
Companies are also investing in automation to enhance production capacity.
Around 40% of the global demand for disposable medical gloves is concentrated
in Asia Pacific region led by countries like China, India, Indonesia and
Malaysia. This is attributed to presence of several glove manufacturing
facilities, low production costs and growing healthcare spending in the region.
North America is another major market accounting for over 25% share globally.
The fastest growing regional market for disposable medical gloves is expected
to be Africa over the forecast period supported by increasing government
investments in healthcare infrastructure development and rising incidence of
infectious diseases. This would help augment medical glove consumption across
hospitals and clinics catering to growing patient pool on the continent.
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About Author:
Money Singh is a seasoned content writer with over
four years of experience in the market research sector. Her expertise spans
various industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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