Disposable Medical Gloves Market 2021: Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2027
According to a new report published by Report Ocean, titled, “Disposable Medical Gloves Market by Type, Form, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025,” the global disposable medical gloves market size was valued at $4,047 million in 2017, and is projected to reach $8,444 million by 2025, growing at a CAGR of 9.5% from 2018 to 2025.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Disposable medical gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing diagnostic tests to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable medical gloves has been a prerequisite for medical applications globally.
The market for disposable medical gloves is primarily driven by their requirement in medical and surgical applications to ensure safety and hygiene. In addition, the rise in number of end users, such as healthcare and pharma industries, is expected to supplement the disposable medical gloves market trend.
However, allergic reaction from certain gloves as well as competition pricing offered by local manufacturers are expected to hamper the market growth. However, the impact of this limitation is anticipated to diminish in future due to ongoing improvements in production of disposable medical gloves.
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Based on by type, the natural rubber gloves segment dominated the disposable medical gloves industry in 2018 as they are eco-friendly. Also, the cost of raw materials used for the production of these gloves is low. Another factor that drives the growth of the segment is the less complicated procedure associated with the production of these gloves.
Depending on application, the examination segment accounted for the highest revenue share in disposable medical gloves market and is expected to grow at the fastest rate during the forecast period. The use of disposable medical gloves for diagnosis and check-up purposes is expected to drive the market for examination market.
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Key Findings of the Disposable Medical Gloves Market:
The nitrile gloves segment is expected to be the fastest growing segment during the forecast period both in terms of value and volume.
In terms of volume, the non-powder form of gloves is expected to grow at a remarkable CAGR of 7.8% during the forecast period.
The U.S. dominated the North America disposable medical gloves market share in 2017 and is projected to grow at a CAGR of 8.6% from 2018 to 2025.
In terms of revenue, natural rubber gloves segment accounted for the highest revenue in 2017.
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North America dominated the disposable medical gloves market in 2017 and is anticipated to remain dominant during the forecast period. The disposable medical gloves market growth in the North American region is primarily a reflection of new product innovations resulting from technological advancements.
The key players operating in the global disposable medical gloves market include Top Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, M Bhd, Kossan Rubber Industries Bhd., Hartalega Holdings Berhad, Dynarex Corporation, Cardinal Health, Inc., Adventa Berhad and Ansell Limited. Other players operating in the value chain (not included in the report) are Unigloves (UK) Limited, Smart Glove Corporation Sdn Bhd, Cypress Medical Products LLC, B. Braun Holdings, Microflex Corporation, Molnlycke Health Care, and YTY Industry Holdings Berhad.
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What are the aspects of this report that relate to regional analysis?
The report's geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market's growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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