Press release
Examination and Surgical Gloves Market revenue anticipated to be around US$ 13.9 Bn by the end of the decade
Examination and Surgical Gloves Market 2022
The global Examination and Surgical Gloves Market is estimated to grow noticeably in the next 10 years. With personalization doing the rounds, the healthcare vertical is also not expected to escape. With digitization, not just the track record of the patient but also the precautionary measures to be taken could be put forth. This would be how the healthcare vertical go about in the subsequent period.
Revenue from the sales of examination and surgical gloves amount to US$ 6.7 Bn in 2021 and the revenues are expected to attain a valuation of US$ 13.9 Bn by the end of 2031. This data has been analyzed in an updated survey on the examination and surgical gloves market by analysts at Persistence Market Research, which predicts the market to rise at a CAGR of 7.6% over the decade.
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Demand for medical and surgical gloves has grown exponentially over the past decade, and this trend is expected to be continue over this decade as well. Examination and surgical glove sales growth can be attributed to increasing focus on healthcare and hygiene, rising healthcare expenditure, increasing surgical procedures, rising risk of hospital-acquired infections, prevalence of chronic and infectious diseases, etc.
Increase awareness about hygiene across the globe and initiatives from non-profits and governments are contributing to demand growth of examination and surgical gloves. Emerging economies where the trend of hygiene is picking up and healthcare infrastructure is being developed are the most lucrative markets for the sales of examination and surgical gloves.
Key Players:
The report has profiled some of the important players prevalent in the global like - Ansell Healthcare LLC, Top Glove Corporation Bud, Supermax Corporation Berhad, Corporation, (M) Bhd, Comfort Rubber Gloves Industries Sdn Bhd, Cardinal Health Inc., Hicarethai, Labplus (GDC Group), Atrium Medical Care LLC, WRP Asia Pacific Sdn Bhd, Dynarex Corporation, B. Braun Melsungen AG, Kossan Rubber Industries Bhd, Hartalega Holdings Berhad, Riverstone Holdings Limited, Brightway Holdings Sdn. Bhd, Semperit AG Holding, Alliance Rubber Products Sdn Bhd, Qube Medical Products Sdn Bhd, YTY Group, Helthy Glove Co. Ltd, Sri Trang Agro-Industry Plc, Medisafe Technologies, and Delta Gloves. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Examination and Surgical Gloves Market.
Prime players in the industry are investing in the development of new facilities in order to expand their manufacturing capacity and meet high demand across the world.
In September 2021, American Nitrile, a newly launched company, announced its plans for a new production facility that would be entirely dedicated to producing nitrile gloves for healthcare and industrial use. The facility is a move to fulfill the rising demand for medical and non-medical latex-free nitrile gloves.
In July 2021, hospital supply group Premier Inc. and Honeywell International announced that they would be launching a new venture that would be capable of manufacturing 750 million nitrile exam gloves in the U.S. each year.
Many such efforts by other manufacturers are also being made in order to meet the high demand for gloves, especially from the medical sector.
Key Takeaways from Market Study
The global examination and surgical gloves market is predicted to expand at a CAGR of 7.6% through 2031.
Market revenue set to amount to a net worth of US$ 6.7 Bn in 2021.
Market revenue anticipated to be around US$ 13.9 Bn by the end of the decade.
North America is anticipated to dominate the global industry in terms of market share.
"Demand for examination and surgical gloves is expected to be prominent over the next ten years as healthcare expenditure increases and awareness for hygiene and safety rises across the globe," says a Persistence Market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Examination and Surgical Gloves Market Manufacturers
Examination and Surgical Gloves Market Distributors/Traders/Wholesalers
Examination and Surgical Gloves Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in the Examination and Surgical Gloves Market Report
How is the Examination and Surgical Gloves Market expected to grow over the projected period?
What direction is the Examination and Surgical Gloves Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Examination and Surgical Gloves Market in future?
What are the key market drivers in the Examination and Surgical Gloves Market?
What are significant opportunities and improvement areas for Examination and Surgical Gloves Market manufacturers?
What are the key developments and trends taking over the Examination and Surgical Gloves Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Examination and Surgical Gloves Market?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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