Medical Gloves Market Trends, Business Strategies, Regional Outlook, Challenges and Forecast Report 2030

As per a statement by P&S Intelligence, the medical gloves market will reach USD 20,435.6 million, propelling at a rate of 10.8%, by 2030.

The growth in the industry is credited to the increasing elderly population, the growing risk of contagious diseases, mounting healthcare expenses, the growing volume of surgeries, and the increasing incidence of chronic diseases.

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The medical gloves industry had been positively affected by the COVID-19 pandemic, due to the sudden surge in medical supplies demand.

Based on raw materials, the nitrile category held the largest share of the medical gloves industry in recent years. This is mainly due to its non-allergic properties.

Based on application, the examination category generated higher revenue in the past few years, and it is likely to observe faster growth in the years to come. This is attributed to the growing examination procedures.

In the past few years, the non-sterile category accounted for the larger medical gloves market share, and it will remain dominant in the coming years. This is because of the increasing implementation of these gloves for medical examinations.

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The non-powdered category will witness faster growth in the years to come due to its non-allergic nature.

Based on the distribution channel, the direct category accounted for the larger share of the industry in recent years, and it will remain dominant in the years to come. This is mainly because healthcare facilities favor buying medical gloves directly from the manufacturers.

Hospitals, diagnostic centers, and clinics are likely to be the faster-growing end-user category in the coming years. Key factors driving the growth in this category are the increasing patient hospitalization rate, mounting use of medical gloves, rising incidence of chronic disorders, and increasing surgical procedures & examinations numbers.

North America is expected to dominate the industry in the years to come, owing to the widespread necessity for medical gloves in healthcare units, and the existence of strong key players.

Moreover, APAC is expected to witness the fastest growth in the coming years, owing to the increasing elderly populace and rising number of surgical procedures and diagnostic examinations.

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A key trend observe in the industry is the fondness for non-powdered medical gloves over powdered medical gloves by the customers, due to the non-allergic properties of the non-powdered medical gloves.

In the past few years, players in the industry have been involved in product launches and mergers & acquisitions to maintain a competitive edge.

Hence, due to the increasing elderly pullulation, increasing incidence of chronic diseases, and growing risk of contagious diseases, the medical gloves industry will continue to grow significantly in the years to come.

Market Size Breakdown by Segment

By Raw Material
• Latex
• Nitrile
• Vinyl
• Neoprene
By Application
• Examination
• Surgical
By Sterility
• Non-Sterile
• Sterile
By Type
• Non-Powdered
• Powdered
By Distribution Channel
• Indirect
• Direct
By End User
• Hospitals, Clinics, and Diagnostic Centers
• Ambulatory Surgery Centers (ASCs)
• Others

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About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

This release was published on openPR.