The global disposable medical gloves market has been witnessing noteworthy growth in recent years. Disposable medical gloves provide an effective barrier for hand protection and play a crucial role in preventing cross-contamination between healthcare professionals, patients and contaminated surfaces. Made from various materials including latex, nitrile and vinyl, disposable gloves ensure safety and hygiene in medical settings. Demand for disposable gloves has surged significantly during the ongoing COVID-19 pandemic as proper hand hygiene is imperative to curb the spread of the virus.
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 from 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. Key players focus on launching new products to cater to the rising demand and strengthen their market position. Adventa Berhad, a top Malaysian glove manufacturer, launched its Sensifree Nitrile Gloves range in early 2022 to meet the growing demand for nitrile gloves.
The growing prevalence of infectious diseases and stringent regulations regarding personnel safety are expected to offer significant growth opportunities for players in the disposable medical gloves market. Gloves made from novel materials with advanced features like tactile sensitivity and flexibility will gain more traction going forward.
Technological advancements focusing on production automation, quality inspection systems and powder-free gloves are aiding the large-scale manufacturing of disposable medical gloves. The development of biodegradable polymers and alternatives to natural rubber latex will further drive market growth over the forecast period.
Market Drivers
Rising awareness about infection control and prevention among healthcare professionals and the general public is a key factor driving the Disposable Medical Gloves Market Demand. Continuous education programmes emphasizing the importance of hand hygiene are encouraging the greater adoption of disposable gloves. Growing geriatric population and increasing incidence of chronic illnesses are also propelling market revenue as disposable gloves are indispensable in medical examination and surgical procedures. Stringent regulatory standards imposed by various regulatory bodies regarding personnel safety and product quality are expected to further fuel the demand for disposable medical gloves.
Current Challenges in Disposable Medical Gloves Market
The disposable medical gloves market is facing various challenges currently. One of the major challenges is the fluctuating prices of raw materials used to manufacture these gloves. Natural rubber is the key raw material, and its supply and prices are highly volatile due to various factors like weather conditions. This volatility in raw material prices increases the production cost for manufacturers. Additionally, compliance with stringent regulations regarding the manufacturing process is another challenge. Manufacturers need to adhere to various quality standards and safety regulations set by regulatory bodies. Meeting all the compliance requirements increases their operating expenses. Maintaining an efficient and seamless supply chain is also a challenge due to disruptions caused by pandemic situations and geopolitical conflicts. This affects the timely availability of gloves for healthcare facilities.
SWOT Analysis
Strength: The growing awareness about hygiene and infection control boosts the demand for disposable medical gloves. They provide reliable protection to healthcare workers as well as patients.
Weakness: Fluctuating raw material prices increase the production costs. Complying with regulations also adds to the operating expenses of manufacturers.
Opportunity: The rising healthcare expenditure globally and increasing demand from emerging economies offer lucrative growth opportunities. The COVID-19 pandemic has further accelerated the market growth.
Threats: Stringent regulations can affect certain manufacturing facilities. Supply chain disruptions due to pandemic and geopolitical issues also pose threats.
Geographical Regions
North America currently dominates the global disposable medical gloves market in terms of value. This is attributed to the well-established healthcare infrastructure and stringent safety regulations in countries like the US and Canada. Asia Pacific is emerging as the fastest growing regional market owing to factors like the large patient pool, increasing healthcare standards, and expanding medical industries in nations such as China, India, Malaysia, Thailand, and Japan.
The Middle East and Africa region is projected to offer significant growth prospects for disposable medical gloves market during the forecast period. This is due to improving access to healthcare services, rising health awareness, increasing prevalence of chronic and infectious diseases, and growing medical tourism industry in the region. Countries like Saudi Arabia, South Africa, and UAE are major revenue generators for the market.
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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