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Examination and Surgical Gloves Market is predicted to reach a market value of US$ 13.9 Bn by 2031|Ansell Healthcare LLC, Top Glove Corporation Bud and more
Examination and Surgical Gloves Market 2022
The Examination and Surgical Gloves Market is slated to grow at a gracious rate of 7.6%, reaching US$ 13.9 Bn by the year 2031. With value-oriented approach being the need of the hour, the healthcare vertical is likely to go the technologically advanced way in the next 10 years. With Big Data, AI comprising these advancements, the healthcare vertical is bound to create greater strides going forward.
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.
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.
Company Profiles:
Ansell Healthcare LLC
Top Glove Corporation Bud
Supermax Corporation Berhad
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
Health Glove Co., Ltd
Sri Trang Agro-Industry Plc
Medisafe Technologies
Delta Gloves
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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.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global examination and surgical gloves market that contains industry analysis of 2016-2020 and opportunity assessment for 2021-2031.
The report provides in-depth analysis of the market through different segments, namely, product, raw material, usage, distribution channel, and region. The report also provides supply and demand trends along with an overview of the parent market.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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About us:
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 rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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