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Medical Gloves Market Top Players | Top Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, Kossan Rubber Industries Bhd., Cardinal Health, Inc., Ansell Limited, Akzenta International Sa, Berner International GmbH

05-07-2020 06:08 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Medical Gloves Market

Medical Gloves Market

With the rising concerns regarding safety and sanitation, the medical gloves market is expected to chalk out remunerative growth trend through a diverse array of verticals. Medical gloves are designed in order to be utilized in medical events, for instance during the time of surgery or doctor's examination. These gloves are designed to be close to the skin and are mostly disposable in nature to ensure that no cross-contamination occurs.

In addition, medical gloves form a part of an infection control strategy. Medical gloves include surgical and examination gloves; the latter are used specifically for handling of chemotherapy agents. The FDA regularly reviews these devices to make sure that the performance criteria like biocompatibility, leak resistance, and tear resistance are met.

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The medical gloves market is bifurcated in terms of product, form, application, usage, sterility, distribution channel, end-use, and regional landscape.

With respect to product, the market is classified into vinyl gloves, latex gloves, nitrile gloves, neoprene gloves, and others. Among these, the vinyl gloves segment to grow at 12.9% CAGR over the estimation period. These gloves are of high quality while also being cost effective. Vinyl based gloves are made from PVC and are latex free as well as soft and comfortable.

Based on form, the market is diverged into powder-free gloves and powdered gloves. Among these, the powdered gloves segment was valued at around $1.4 billion in 2019.

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Based on application, the market is divided into, surgical gloves, and examination gloves. Surgical gloves segment is likely to grow at around 10.5% over the estimation period. Surgical gloves are usually worn by health professionals and surgeons who have direct contact with substances which can cause infection or illness, or sharp tools, blood, infections, and other such harmful substances.

In addition, for those health professionals who wear surgical gloves, proper care should be taken when it comes to the quality of the gloves. Surgeons also prefer to go with nitrile-based gloves owing to its durability and puncture resistance.

With respect to usage, the market is categorized as disposable gloves and reusable gloves. Among these, reusable gloves segment was valued at around $1.5 billion in 2019 and will continue its growth momentum further. These gloves are made of high-quality rubber latex. These are powdered gloves in form and can be autoclaved for multiple purpose.

With respect to sterility, the market is divided into non-sterile gloves and sterile gloves. Non-sterile gloves segment is set to grow at around 9.5% in the upcoming years. Non-sterile gloves are gloves which have not been stored in a sterile container neither have been sterilized. These gloves are simply used for the purpose of general examinations of patients by doctors having little chance of infection.

Based on distribution channel, the market is bifurcated into e-commerce, brick & mortar. Among these, brick and mortar segment was valued at around $4.8 billion in 2019 and will continue to exhibit appreciative growth.

Based on end-use, the market is segmented into diagnostic centers, clinics, ambulatory surgery centers, hospitals, and others. Diagnostic centers segment is expected to grow at 10.3% CAGR in the upcoming years.

From a regional frame of reference, Latin America market was valued at more than $600 million in 2019 and projected to grow at more than 12% over the coming years. MEA market was valued at more than $450 million 2019 and estimated to expand at a CAGR of more than 11.5%.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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