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In 2019, the global medical gloves market size was $6,633.4 million, and it is further expected to grow at a CAGR of 10.8% during the forecast period (2020–2030). The key factors driving the medical gloves industry include the surging risk of contagious diseases, increasing geriatric population, growing volume of surgeries, rising burden of chronic diseases, and skyrocketing healthcare spending.
The medical gloves market has been witnessing notable growth on account of COVID-19. The outbreak of the disease has led to a sudden increase in the demand for medical gloves, globally. There is a huge demand for personal protective equipment (PPE), including medical gloves, in the healthcare sector, to protect frontline health workers and patients from a further spread of infections during medical examinations and treatment. Moreover, the growing pool of patients has led to a considerable increase in the number of suppliers of these items, globally. Companies that were earlier not engaged in the production of PPE items, such as BYD Co. Ltd. and Foxconn Technology Group, have started manufacturing them, in order to fulfill the demand–supply gap and provide the necessary support to the healthcare system during this global health crisis.
Nitrile Medical Gloves Held Largest Share in Industry
Nitrile gloves accounted for the largest share in the medical gloves market in 2019, on the basis of raw material. The rising demand for these products is mainly ascribed to the non-allergic properties of the material, unlike latex, which can cause some allergic reactions in people who are allergic to natural rubber.
Examination Category To Retain Its Market Dominance in Coming Years
When segmented on the basis of application, the examination gloves category held the dominating share in the medical gloves market in 2019. The category is also projected to witness a faster growth, as compared to surgical medical gloves, in the coming years. This is mainly ascribed to the fact that the number of examination procedures is higher than the number of surgeries performed.
Non-Sterile Is Higher-Revenue-Generating Category, in Terms of Sterility
The non-sterile category dominated the medical gloves industry in 2019, and it is expected to continue to hold the larger share in the coming years. This is primarily because non-sterile gloves are mostly preferred for medical examinations. However, the sterile gloves category is projected to witness the faster growth during the forecast period. The rising demand for these gloves can be attributed to their sterile nature and availability in a wide range of sizes and the increasing incidence of COVID-19 across the world.
Non-Powdered Medical Gloves To Witness Faster Growth during Forecast Period
Non-powdered medical gloves are projected to be the faster-growing type category in the medical gloves market in the coming years. Owing to the non-allergic properties of non-powdered medical gloves, healthcare workers mostly opt for them.
Direct Distribution Is Higher-Revenue-Generating Category, in Terms of Distribution Channel
Direct distribution channels dominated the medical gloves market in 2019, and the category is expected to continue to hold the larger share in the coming years. Since medical gloves are required in large quantities, healthcare settings prefer buying them directly from manufacturers, instead of opting for indirect channels. This allows manufacturers to deliver their products to consumers faster, thereby building long-term relationships with customers, and avoiding sharing the profits with a third-party distributor.
Hospitals, Clinics, and Diagnostic Centers Category To Witness Fastest Growth during Forecast Period
Hospitals, clinics, and diagnostic centers are projected to be the fastest-growing end user category in the medical gloves market in the coming years. The increasing use of medical gloves, surging prevalence of chronic diseases, rising number of hospitalization cases, and increasing number of examination and surgical procedures are some of the factors contributing to the market growth in this category.
North America Is Projected To Be Largest Market
Factors driving the medical gloves market in North America include increasing demand for medical gloves by healthcare settings, rising incidence of the COVID-19, and the presence of key players in the region.
According to the U.S. Department of Health and Human Services statistics published in 2020, 1 in 13 people in the U.S. suffered from asthma in 2019. Further, according to the Office of Disease Prevention and Health Promotion, approximately 14.8 million adults were diagnosed with chronic obstructive pulmonary disease (COPD) in the U.S. in 2018. People suffering from chronic respiratory illnesses are at a higher risk of contracting COVID-19. Thus, the rise in the incidence of respiratory disease is expected to result in an increasing demand for medical gloves in the country.
Asia-Pacific (APAC) To Observe Fastest-Growing Procurement of Medical Gloves
During the forecast period, Asia-Pacific (APAC) is projected to be the fastest-growing market for medical gloves. The market growth in APAC is primarily driven by the surging geriatric population, rising cases of COVID-19, and increasing number of surgical procedures and diagnostic examinations.
According to the Organisation for Economic Co-operation and Development (OECD), 5,032 stem cell transplants were performed in Japan in 2010, which increased to 5,609 in 2015. Similarly, in Australia, the number of transluminal coronary angioplasties conducted stood at 37,600 in 2010, and this number increased to 45,517 in 2017. Thus, the increasing number of surgical procedures, coupled with the improving healthcare infrastructure, is expected to propel the growth of the medical gloves market in the region.
Shift in Consumer Preference from Powdered Gloves to Non-Powdered Gloves Is Key Trend in Industry
A key trend being observed in the medical gloves market is the shift in the consumer preference from powdered gloves to non-powdered ones. This is because powdered gloves often cause allergic reactions and contamination, as these contain starch, for better movement of hands (primarily, easier donning) and for preventing them from sticking to each other during their packaging. The starch in these gloves can cause severe allergic reactions during surgical procedures. Moreover, the increasing availability of powder-free gloves at an affordable price is contributing to their growing adoption among end users across the world.
Surging Risk of Contagious Diseases Having High Impact on Market
The recent outbreaks of Ebola, Zika, Middle East respiratory syndrome (MERS), severe acute respiratory syndrome (SARS), and SARS CoV-2 (COVID-19) have hugely contributed to the demand for medical gloves in the healthcare industry, which further supports the growth of the medical gloves market. In view of the outbreak of COVID-19, which is transmitted via droplets or direct contact, medical authorities are taking extensive measures to curb the spread of the disease. Protective medical products, such as surgical and examination gloves, are intended to prevent infection, as they provide a barrier between the user and the potentially pathogenic environment and may contribute to minimizing the risk of cross-contamination.
Rising Burden of Chronic Diseases To Lead to High Demand for Medical Gloves
According to the World Health Organization (WHO), the prevalence of chronic diseases is expected to rise by 57% by the end of the year 2020. Developing countries are expected to bear much of the impact, as consistent population growth is projected for these countries. Moreover, the growing prevalence of chronic diseases is leading to a rise in the number of surgeries. For instance, the number of coronary artery bypass graft surgeries in Mexico increased from 4,900 in 2015 to 5,125 in 2016, and in France, the number increased from 19,242 in 2015 to 19,310 in 2016. Hence, the increasing volume of surgeries, driven by the rising burden of chronic diseases, is propelling the medical gloves market.
|Base Year (2019) Market Size||$6,633.4 Million|
|Forecast Period (2020-2030) CAGR||10.8%|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies’ Strategic Developments, Product Benchmarking, Company Profiling|
|Market Size by Segments||Raw Material, Application, Type, Sterility, Distribution Channel, End User, Geography|
|Market Size of Geographies||U.S., Canada, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Belgium, Sweden, Austria, Denmark, Japan, China, Australia, India, South Korea, Hong Kong, Philippines, Indonesia, Brazil, Mexico, Colombia, Argentina, Chile, Saudi Arabia, South Africa, U.A.E, Qatar, Israel|
|Secondary Sources and References (Partial List)||Malaysian Rubber Gloves Manufacturers Association (MARGMA), Centers for Disease Control and Prevention (CDC), Organisation for Economic Co-operation and Development (OECD), World Health Organization (WHO), United States Food and Drug Administration (USFDA), Centers for Medicare & Medicaid Services (CMS)|
Mergers, Acquisitions, and Product Launches Have Become Major Strategies for Market Players to Expand Consumer Base
The medical gloves market is fragmented in nature, with the presence of market players such as Top Glove Corporation Bhd, SUPERMAX Corporation Berhad, Halyard Health Inc., Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Cardinal Health Inc., Paul Hartmann AG, B. Braun Melsungen AG, Medline Industries Inc., and Kimberly-Clark Corporation.
In recent years, players in the medical gloves industry have engaged in strategic developments, such as mergers & acquisitions and product launches, in order to stay ahead of their competitors. For instance:
Some of the Key Players in the Medical Gloves Market include:
The medical gloves market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Raw Material
Based on Application
Based on Sterility
Based on Type
Based on Distribution Channel
Based on End User