Press release
Nitrile Gloves Market is attain a value of US$ 26.7 Bn by the end of 2030
Nitrile Gloves Market 2022
The global Nitrile Gloves Market is expected to grow on an impertinent note in the next 10 years. It could witness a CAGR of 24% and reach US$ 26.7 Bn by 2030. Data processing through Big Data is on the anvil. Clinical software solutions are there to help out, taking the help of Big Data. Thus, data accumulation as well as analytics would be there in a precise manner. This would be the probable facts with healthcare vertical in future.
The growing pandemic of community infections owing to the emergence of new pathogens is expected to increase the demand for nitrile gloves across the world. The need to quell community and hospital-acquired infections is expected to drive the growth of the global nitrile gloves market.
Key product manufacturers operating in the market offer a wide range of products, such as disposable and reusable nitrile gloves. Owing to the non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogens and development of effective treatment and vaccines, there has been increasing need for nitrile gloves as a preventive measure.
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Persistence Market Research predicts that the global nitrile gloves market will exhibit an impressive CAGR of 24% during the forecast period (2020-2030), to be valued at US$ 26.7 Bn by 2030-end.
Company Profiles:
Cardinal Health
Kimberly Clark Corporation
Top Glove Corporation Berhad
Dynarex Corporation
Ansell Limited
Adventa Berhad
3M Company
Kossan Rubber Industry Ltd.
Hartalega Holdings Berhad
Supermax Corporation Berhad
Medline Industries, Inc.
B. Braun Melsungen AG
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Key Takeaways from Nitrile Gloves Market Study
By product type, powder-free gloves are expected to gain traction in the global nitrile gloves market during the forecast period.
Owing to the use of powder-free gloves for the prevention of primary infections and allergic side-effects, and to perform surgical procedures, the powder-free segment is the most dominating product type in North America and Europe nitrile gloves markets.
In terms of usage, disposable gloves are expected to gain more than 1/3 share in the nitrile gloves market share by 2030.
By sterility, sterile gloves are expected to hold more than 1/3 revenue share in the global nitrile gloves market by 2030, owing to high standard regulatory compliance requirements for medical nitrile gloves.
Under the end user segmentation, hospitals and ambulatory surgical centers segments are expected to collectively gain more than 2/3 market share in the nitrile gloves market by 2030.
North America is the highest revenue generating market by region, due to the high rate of COVID-19 pathogenic infections and 10X increase in the average selling prices of nitrile gloves. Europe is expected to offer lucrative opportunities, owing to higher incidence of hospital-acquired infections and increasing volume of innovative surgical procedures.
"Disruptive unmet demand for medical gloves with 10X rise of average selling price, and WHO pushing for effective COVID-19 prevention, are expected to propel the growth of the global nitrile gloves market," says a PMR analyst.
Accelerated Expansion & Acquisition by Leading Industry Players to Meet Unmet Demand in Nitrile Gloves Market
Leading manufacturers in the global nitrile gloves market are extensively focusing on the expansion of their manufacturing capabilities due to current disruptive demand. Governments are actively encouraging local manufacturers to prioritize emergency demand, specifically for public hospitals and healthcare setups.
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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the nitrile gloves market, in its latest study, presenting historical demand assessment of 2015 - 2019 and projections for 2020 - 2030, on the basis of product type (powder-free gloves and powdered gloves), usage (disposable gloves and reusable gloves), sterility (sterile gloves and non-sterile gloves), and end user (hospitals, ambulatory surgical centers, clinics, diagnostic centers, and others) across seven key regions.
Nitrile Gloves Market - Report Highlights
A detailed overview of parent market of Nitrile Gloves Market
Changing Nitrile Gloves Market dynamics in the industry
In-depth segmentation of the Nitrile Gloves Market
Historical, current, and projected Nitrile Gloves Market size regarding volume and value
Recent industry trends and developments in Nitrile Gloves Market
Competitive landscape of the Nitrile Gloves Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Nitrile Gloves Market performance
Must-have information for Nitrile Gloves Market players to sustain and enhance their market footprint
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