Medical Gloves Market is anticipated to grow at a CAGR of 8.7% during the forecast period 2022-2031

The global Medical Gloves Market was valued at US$ 15.4 billion in 2021 and it is anticipated to grow up to US$ 35.6 billion by 2031, at a CAGR of 8.7% during the forecast period.

New York, According to a new market research report published by Global Insight Services Medical Gloves Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Medical gloves are hand gloves used by healthcare providers in order to limit infection transfer into patients. Medical gloves are made of various materials and are accessible in the market through both online and offline channels. Medical gloves are mostly used during diagnostic tests and procedures to maintain sanitation, the safety of patients and caregivers, and the prevention of infections. Disposable gloves are commonly used in the healthcare industry to prevent the spread of infectious bacteria between patients and physicians.

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Market Drivers and Trends

The Growing Demand for Powder-free or Non-powdered Medical Gloves. The usage of latex gloves has resulted in an increase in allergic or hypersensitive responses among healthcare personnel. On the wrists and hands, allergic responses such as irritant contact dermatitis, a non-immunologic response to an irritant, or skin damage occur. As a result, the worldwide gloves market is predicted to grow as individual's transition to non-powdered or powder-free gloves, synthetic gloves, or low-protein latex gloves.

Furthermore, Increase of surgical procedures. The increasing number of surgical operations performed for a variety of causes such as car accidents, cosmetic enhancements, and surgeries connected to old age, and much more is directly driving market growth. Additionally, the increasing introduction of innovative and advanced surgical items into the market is paving the way for development. The above aforementioned factors can increase the market growth.

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Market Restraints and Challenges

Impact of Stringent Health Regulations, Many standards for medical glove manufacture have been created over the years in response to increased concerns by industry professionals, and new research findings. The FDA regulations for medical glove manufacturers entering the market have also altered, resulting in the creation of high-quality gloves. With the current recommendations regulating the use of gloves, the global medical gloves market is expected to rise. On the other hand, high costs connected with R&D capabilities, restricted infrastructural facilities, and variations in raw material prices are projected to hinder market expansion. In addition, a lack of favorable reimbursement scenarios and technology penetration in developing economies, health hazards associated with nitrile gloves, competitive pricing by local manufacturers, and a lack of suitable infrastructure in low- and middle-income countries are expected to pose market challenges. Finally, these challenges can restrain the market growth.

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Medical Gloves Market Segmentation
By Type

Examination
Surgical
Chemotherapy

By Raw Material

Latex
Nitrile
Vinyl
Others

Major Players in the Global Medical Gloves Market

The key players studied in the global Medical Gloves Market are Ansell Ltd (Australia), Arista Networks, Inc. (US), Cardinal Health (US), Jiangsu Jaysun Glove Co.Ltd (China), Kossan Rubber Industries Bhd (Malaysia), Medicom (Canada), Medline Industries, Inc. (US), Semperit AG Holding (Austria), Supermax Corporation Berhad (Malaysia), YTY Group (Malaysia)

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Reasons to buy Medical Gloves Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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