Disposable Gloves Market

Global Disposable Gloves Market

Disposable Gloves Market- By Material, Product, End Use and Region.

Market Synopsis:

The Global Disposable Gloves Market is valued at USD 12.62 Million in the year 2022 and is anticipated to reach a value of USD 18.94 Million by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 5.20% over the forecast period.

Disposable Gloves are worn by caregivers and patients to avoid the spread of infection. During medical examinations and surgical operations, these gloves are used. Medical examination gloves are categorized as either sterile or non-sterile, whereas surgical gloves are always sterile. Latex, nitrile, polyisoprene, and vinyl are among the polymers used to make these gloves. Each disposable glove version offers a distinct advantage over traditional gloves, expanding its uses in food service, clean rooms, industrial applications, and other industries. Nitrile gloves, for example, are more puncture-resistant, frictionless, and last longer than latex gloves.

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Furthermore, the healthcare industry in developing countries is expected to grow significantly as a result of a variety of factors, including increased public and private sector investment, an increase in chronic diseases, an increase in the number of surgeries performed, population growth, and an increase in the elderly population.

Rising awareness of the relevance of raw materials in delivering high heat resistance, comfort, elasticity, and lightweight qualities is expected to enhance major market players' research and development initiatives. By introducing novel add-ons to current designs, these initiatives attempt to increase the multi-functionality of Disposable Gloves and expand their application reach. Because of the high cost of raw materials and the complexity of manufacturing procedures, Disposable Gloves are a high-capital-intensive product. The industry's major raw material suppliers have integrated along the entire chain to develop disposable gloves, which is projected to increase market competition.

The Global Disposable Gloves Market is experiencing the rise of market elements such as a lack of finance, followed by a lack of awareness, which would stymie the market's growth goals set by industry analysts for the current forecast period, which will finish in 2028. Moreover, throughout the projection period, the Disposable Gloves Market will be impacted by factors such as rising raw material prices and a reduced level of affordability for industry competitors. Temperature and environmental conditions might also have an effect on worldwide market share.

Market Segmentation:

The Disposable Gloves Market is segmented on the basis of Material, Product, and End-use. On the basis of Material, the market is segmented into Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, and Others. On the basis of Product, the market is segmented into Powdered and Powder-free. On the basis of End-use, the market is segmented into Medical & Healthcare, Surgical, and Non-medical.

Based on Product:

On the basis of Product, the market is segmented into Powdered and Powder-free. Powder-free nitrile gloves will lead the market in 2021, due to their expanding popularity across a variety of industries. Furthermore, strict rules against powdered gloves in some countries are projected to boost the powder-free nitrile gloves market over the research period. Healthcare facilities have begun to replace latex gloves with powder-free nitrile gloves because powder-free gloves are less form-fitting due to the chlorination process or polymer coatings such as acrylics, silicones, and hydrogels. Powder-free gloves are perfect for use in the automotive industry because they leave no residue.

Based on End Use:

On the basis of End-use, the market is segmented into Medical & Healthcare, Surgical, and Non-medical. The medical and healthcare category is expected to dominate the global market throughout the forecast period due to the rising number of patient admissions in hospitals and clinics. Hospital inspection methods have become more common in recent years. In addition, developing healthcare infrastructure in hospitals and clinics to provide better medical examinations and other care services is predicted to boost medical glove supply in these facilities. The immediate jump in demand for disposable medical gloves from diagnostic/pathology labs is connected to the increasing number of COVID-19 tests performed in 2020. Increased disease screening and diagnosis is also expected to contribute to its long-term growth.

North America is projected to acquire the largest market share during the year 2021

North America is projected to acquire the largest market share during the year 2021 with a share of 35.10%. One of the main factors is the US government's strong efforts to promote nitrile glove production. For example, in May 2021, the US Department of Defense (DOD) announced the award of a USD 26.3 million contract to various glove producers in partnership with the Department of Health and Human Services (HHS) to increase domestic nitrile glove production capacity. Furthermore, owing to an increase in the number of surgeries in hospitals and ASCs in the region, increasing demand for Disposable Gloves will drive market expansion in North America during the forecast period. Increased demand for these goods from pathologists, as well as the rising high demand for high-quality powder-free gloves, are expected to fuel market expansion.