Global Nitrile Gloves Market outlook 2022 - Cardinal Health, Kimberly Clark Corporation, Top Glove Corporation Berhad

Nitrile gloves are a type of disposable protective gloves made of synthetic rubber, which is resistant to chemicals, punctures, and abrasion. Nitrile gloves are commonly used in the healthcare, food processing, and manufacturing industries due to their excellent barrier protection and durability.

The nitrile gloves market is expected to witness significant growth in 2022 due to the increasing demand for personal protective equipment (PPE) in the healthcare and food industry, the availability of a range of nitrile gloves, and the growing focus on hygiene and safety. Nitrile gloves are disposable gloves made of synthetic rubber and are used in various applications, such as medical and dental procedures, food handling, and chemical handling. The growing demand for nitrile gloves due to their durability and chemical resistance, the increasing awareness about the importance of hand hygiene and safety, and the availability of a range of nitrile gloves are expected to drive the growth of the market. In addition, the increasing adoption of nitrile gloves in the healthcare industry and the growing focus on the development of advanced nitrile gloves are also contributing to the growth of the market.

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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.

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.

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.

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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.

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.

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Key Questions Answered in This Report.

What are the Roadblocks for Nitrile Gloves Market Suppliers?
What are the Key Opportunities for Nitrile Gloves Market Manufacturers?
How is Focus on Safety Influencing Nitrile Gloves Market Demand?
What is the Regulatory Impact on Global Sales of Nitrile Gloves Market?
Which Region Offers the Largest Opportunity for Sales of Nitrile Gloves Market?
Where Does the U.S. Stand in the Market for Nitrile Gloves Market?
What Is the Outlook for Nitrile Gloves Market Manufacturers in China?
Why is Germany a Lucrative Market for Nitrile Gloves Market Manufacturers?
Why Will Belgium Outpace Other European Markets for Nitrile Gloves Market?
Why is There High Demand for Tires in Nitrile Gloves Market?
Why are Sales of Nitrile Gloves Market Surging?

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