Latex Medical Gloves Market Demand, Growth Analysis Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report the global Latex Medical Gloves market is expected to be worth USD 9,846.8 million in 2021 and projected to grow at a 9.4% CAGR over 2022 to 2028. As HIV healthcare and risk awareness expanded in the early 1990s, so did the need for latex gloves increased. Following the use of latex medical examination gloves in hospitals, many other professionals such as dentists, firefighters, and police officers began to wear latex gloves. For more than a century, latex has been the preferred material for medical examination gloves in the healthcare business. Although some people may be allergic to latex, the benefits of its durability, tactile sensitivity, comfort, and fit are unrivalled. Malaysia began manufacturing latex gloves in the mid-to-late 1900s and has since become a major supplier of latex gloves due to the country's production of raw latex material. With the raw ingredients available, the latex medical examination gloves maker produces gloves at a reasonable cost.

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The Examination Gloves Segment is Dominating the Latex Medical Gloves Market:
The Examination gloves segment is expected to account for a larger revenue share and the market is anticipated to grow at double digit growth rate over the forecast years due to examination gloves are worn by healthcare professionals and nurses to protect them during medical operations. Examination gloves, also known as diagnostic or patient examination gloves, protect both the practitioner and the client against cross-contamination during a clinical procedure. Clinical environments need the use of examination gloves to reduce cross-contamination between caregivers and patients. They also protect healthcare practitioners' hands from blood, body fluids, and toxic chemicals.

North America Leads Latex Medical Gloves Market
North America is expected to hold significant market share in the global Latex Medical Gloves market and is projected to grow at a prominent growth rate over the forecast years owing to increased significance of health and safety measures in the region, a growth in the number of operations, and an increase in the burden of diseases such as hospital-acquired diseases Furthermore, prominent market players' strategic activities, such as the establishment of a new production facility, collaborations, and others, are likely to help to market growth.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Latex Medical Gloves market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In April 2022, Showa Group has received 510(k) clearance from the US Food and Drug Administration for their biodegradable, single-use nitrile medical gloves. These gloves are made of nitrile butadiene latex.

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The latex medical gloves market is segmented based on type, form, end user, and geography.
Based on the Type, the market is segmented into the following:
• Examination Gloves
• Surgical Gloves

Based on the Form, the market is segmented into the following:
• Powdered Form Gloves
• Powder-Free Form Gloves

Based on the End User, the market is segmented into the following:
• Hospitals and Clinics
• Ambulatory Surgery Centers
• Diagnostic Imaging Centers
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key player's profiles in the Latex Medical Gloves market report are Ansell Healthcare (Us), Hartalega Holdings Berhad (Malaysia) Cardinal Health (Us), Top Glove Corporation Bhd (Malaysia), Kossan Rubber Industries Bhd (Malaysia), Supermax Corporation Berhad (Malaysia), Clean Q Grip (Malaysia), Mrepc Marketplace (Malaysia), Shield Scientific (The Netherlands), Ug Healthcare (Malaysia), Valutek (Us).

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