Medical Gloves Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the medical gloves market is expected to be valued at USD 21,071 million in 2022 and is poised to grow at a significant CAGR of 19.2% over 2022-2028. The primary drivers of the expansion of the global medical gloves market include the increasing demand for medical gloves, increasing investment in both the public and private sectors, the rising prevalence of chronic diseases, the growing number of surgeries performed, and the growing elderly population.

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Nitrile Rubber Segment to Dominate the Medical Gloves Market:
Based on the material, the global medical gloves market is segmented into latex, nitrile rubber, vinyl rubber, polyisoprene, and others. The nitrile rubber market segment is expected to account for a larger revenue share in the global medical gloves market, with a value share worldwide. The nitrile gloves segment held the largest market share in the global medical gloves market in 2021 and is anticipated to dominate the global market during the forecast period. It is due to its higher puncture-resistance, high durability and wide applications in various industries such as healthcare, pharmaceutical, oil & gas industry, etc.

North America Medical Gloves Market:
North America is expected to increase in the global medical gloves market over the forecast period. North America is expanding in the global medical gloves market as a result of the s well-developed healthcare infrastructure, increasing awareness, and rise in healthcare investment in the region. The Asia Specific region held considerable market share during the estimated period owing to increasing investment in the healthcare sector, increasing prevalence of infectious diseases, and increase in disposable incomes.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global medical gloves market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Mar 2022, American Nitrile announced a strategic partnership with Orion Infrastructure Capital to complete the development of its manufacturing facility in Grove City, OH.

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The medical gloves market is segmented based on product type, material, usage type, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Examination
• Surgical
• Chemotherapy
• Others

Based on the material, the market is segmented into the following:
• Latex
• Nitrile Rubber
• Vinyl Rubber
• Polyisoprene
• Others

Based on the usage type, the market is segmented into the following:
• Disposable
• Reusable

Based on the end user, the market is segmented into the following:
• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Diagnostic Centers
• Others

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

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Key players' profiles in the medical gloves market report are Ansell Ltd., Top Glove Corporation Bhd., Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Bhd., Cardinal Health, Semperit AG Holding, Dynarex Corp., B. Braun Melsungen AG, McKesson Corporation, and American Nitrile.

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This release was published on openPR.