Global Nitrile Gloves Market estimated to surge ahead at a CAGR of 21.6% to reach US$ 47.3 Bn by the end of 2033 | Ansell, Unigloves Ltd, Medline Industries

Worldwide revenue from the nitrile gloves market was about US$ 5.3 Billion in 2022, with the global market estimated to surge ahead at a CAGR of 21.6% to reach a valuation of US$ 47.3 Billion by the end of 2033.

As assessed by Persistence Market Research, nitrile gloves are expected to hold a market value of US$ 47.3 Billion by 2033. Overall, nitrile gloves market sales account for approximately 36.1% of revenue share in the global medical gloves market, which was valued at around US$ 14.7 Billion in 2022.

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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.

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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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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