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May 27, 2020, 5:16 a.m. EDT

Disposable Medical Gloves Market Size to Reach $8.73 Billion by 2025

Growing Prevalence of Viral Transmission and Global Pandemic Covid-19 Attributed to Growth of Disposable Medical Gloves Market.

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May 27, 2020 (The Expresswire) -- Disposable Medical Gloves Market size is forecast to reach $8.73 billion by 2025, growing at a CAGR of 9.18%during the forecast period 2020-2025. Medical gloves are one of the personal protective equipment in the healthcare sector that are used to protect the wearer and/or the patient from the spread of infection or illness during medical procedures and examinations. They are a part of the infection-control strategy. Disposable medical gloves are commonly used in order to prevent transmission of infection from multiple usages. Growing prevalence of viral infections among major nations of the world and rising health awareness has resulted in a rise in demand for disposable medical gloves in the healthcare sector. Advantages of Disposable Medical Gloves like safer working and better barrier between skin and bio hazardous material, along with major product launches by key market players are some other factors that is poised to drive the growth of the market.

Type - Segment Analysis
Latex (Natural rubber) gloves held the largest share in the type segment of Disposable Medical Gloves Market in 2019 and is estimated to grow at a CAGR of 5.2% during the forecast period 2020-2025. Better qualities of latex gloves such as excellent fit, better stretching, favorable grip for critical surgeries, and smoother feel are the factors that draw the demand of latex gloves. The latex gloves are very commonly used in most of the medical procedures owing to its advantages and low cost. In view of the rising number of the global pandemic owing to coronavirus (COVID-19), the demand of natural rubber gloves has seen a great surge across the healthcare market of various regions in the world.

Nitrile segment held the second largest share, owing to better stronger barrier of protection and greater chemical resistance of nitrile gloves. Nitrile rubber is more resistant than natural rubber to chemicals, oils and acids, and has superior strength. Vinyl Gloves maintained a steady growth in recent years, owing to their cost effectiveness and easy availability. They are synthetic material gloves made from polyvinyl chloride (PVC). Vinyl is less elastic than nitrile and latex, giving it a looser fit and smooth, comfortable feel. However, it is estimated that Nitrile gloves is set to be the fastest growing segment and is set to register the highest CAGR during the forecast period 2020-2025, owing to increase in its usage in hospitals and other healthcare centers for its advantage of latex-free dependability and manufacturing.

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Form - Segment Analysis
Non-powdered gloves hold the major share in the form segment of Disposable Medical Gloves Market in 2019. Non-Powdered (unpowdered gloves) are disposable medical gloves that do not have their inner layer powdered making them harder to put on. They help in preventing any risk of infections to either the patient or the caregiver. This drives the growth of the treatment among people, and hence, the market of this segment. There is a recent ban by FDA (Food and Drug Administration) on powdered gloves owing to reasons like growing prevalence of respiratory disorders like asthma in patients having surgery and exacerbation of latex allergies. This has further increased demand of non-powdered gloves. Non-powdered gloves segment is set to continue dominating the market with the highest CAGR during the forecast period 2020-2025, owing to increasing investment in healthcare by government of various countries and growing demand for gloves without serious side effects.

Geography - Segment Analysis
North America dominates the geography segment of Disposable Medical Gloves Market with a share of more than 38.7% in 2019, followed by Europe. Growing awareness about prevention of healthcare associated infections, rising demand for high quality surgical gloves for surgeries and presence of large number of suppliers and distributors in the region have fuelled the market growth. Growing concerns on curbing the transmission of COVID-19 and higher number of affected cases have led to a sudden demand of disposable medical gloves in the healthcare sector. In recent times, manufacturers of medical gloves have come forward to assist in the fight against the global pandemic by increasing the production and supply of disposable medical gloves. This has further helped in the growth of Disposable Medical Gloves Market infrastructure in the region. Europe held the second largest share in 2019, owing to presence of robust healthcare infrastructure and a higher number of cases of viral infection transmission and diseases in the healthcare sector.

However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to rising prevalence of the viral diseases, growing incidences of global pandemic COVID-19 and increasing health awareness among the masses.

Drivers Disposable Medical Gloves Market

Growing prevalence of viral transmission and global pandemic COVID-19
About 25 million affected cases of the novel coronavirus have been found and tested worldwide, with total fatality rate of 171,000 till now. Rapidly spreading viruses need to be combated with proper healthcare awareness and safety. Across all major regions of the world, various government funded investments are done for prevention and treatment of the easily transmissible coronavirus. The outbreak of coronavirus (COVID-19) has resulted in high fatality rate and lockdowns in major economies and populated countries has put a pressure on the governments and state funds for investing in more hygienic healthcare facilities, which also included disposable medical gloves which are required during treatment of COVID-19. Disposable Medical Gloves Market Growth is primarily attributed to these factors in the year 2020.

Growing innovation of the applications of disposable medical gloves
Disposable Medical Gloves Market trends like double gloving and manufacturing of textured gloves have many untouched opportunities which are possible to help in the market investments in upcoming years. Double-gloving reduces the risk of exposure to patient blood by as much as 87 percent when the outer glove is punctured. These factors are poised to drive the market growth during the forecast period 2020-2025.

Challenges Disposable Medical Gloves Market

Side effects of disposable gloves
The major disadvantage of using disposable gloves is their side effects. Several chemicals which are used to manufacture synthetic gloves causes allergic reactions such as irritant contact dermatitis. This is set to hamper the market growth during the forecast period 2020-2025.

Disposable Medical Gloves Market Outlook
Product launches, mergers and acquisitions, joint ventures and RandD activities are key strategies adopted by players in the Disposable Medical Gloves Market. Disposable Medical Gloves Market revenue is primarily generated by manufacturing and distribution by the key market players. In 2019, Disposable Medical Gloves Market share is consolidated by the top players present in the market. Disposable Medical Gloves Market top 10 companies are Ansell Limited, B. Braun Melsungen Ag, Cardinal Health Inc, Dynarex Corporation, Hartalega Holding Berhad, Kossan Rubber Industry Bhd, Rubberex Corp M Bhd, Semperit Ag Holding, Supermax Corporation Berhad and Top Glove Corporation Berhad among others.

Key Takeaways
North America dominates the Disposable Medical Gloves Market in the year 2019 owing to the presence of well-developed healthcare infrastructure, growing incidences of viral infections and high health awareness among the masses. The Disposable Medical Gloves Market scope for different regions will be provided in the final report.

Growing cases of COVID-19 global pandemic, rising prevalence of communicable viral diseases and large investments of various companies for the gloves market have helped in significant growth of Disposable Medical Gloves Market. Technological developments of the Disposable Medical Gloves Industry in upcoming years is poised to drive the industry growth during the forecast period 2020-2025.

Side effects of gloves like allergies, irritation and maceration of the skin are anticipated to hamper the market growth of the Disposable Medical Gloves Industry.

Related Reports:

Disposable Medical Examination Gloves Market

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Disposable Medical Gloves Market Size to Reach $8.73 Billion by 2025

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