Surgical Gloves Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to surgical gloves market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Surgical Gloves Market News

  • In December 2023, a Quebec-based company, Medicom Group Inc., which specializes in personal protective equipment announced that it will open a 140,000 sq. ft.factory southeast of London near Veteran Memorial Parkway and Bradley Avenue to increase domestic production of medical-grade gloves. The new manufacturing plant, slated to be finished in 2026, is anticipated to make one billion gloves a year according to Medicor.
  • In June 2023, Maxter Healthcare started construction on the first part of a surgical glove manufacturing plant in Brazoria County, south of Houston. It would be Maxter Healthcare's first site in the U.S., with an investment upto $550 million.
  • In May 2023, Ansell, a global expert in personal protective equipment, marked the first phase of Go Live for Packing & Irradiation Operations at its new Kovai manufacturing facility in India with a grand launch event on 24th March, 2023.

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Surgical Gloves Market size was valued at USD 10.3 Billion in 2023 and is poised to grow from USD 10.61 Billion in 2024 to USD 13.44 Billion by 2032, growing at a CAGR of 3% during the forecast period (2025-2032).

The competitive landscape of the global Electrolytic Manganese Dioxide (EMD) market is characterized by the presence of key players actively vying for market share. These players are engaged in strategic initiatives to enhance their product portfolios, expand their market reach, and capitalize on the growing demand for battery materials. The market is moderately consolidated, with a mix of established multinational corporations and specialized manufacturers. 'Ansell Limited (Australia)', 'Cardinal Health, Inc. (United States)', 'Medline Industries, Inc. (United States)', 'Top Glove Corporation Bhd (Malaysia)', 'Mölnlycke Health Care AB (Sweden)', 'Supermax Corporation Berhad (Malaysia)', 'Hartalega Holdings Berhad (Malaysia)', 'Semperit AG Holding (Austria)', 'Kossan Rubber Industries Bhd (Malaysia)', 'Kimberly-Clark Corporation (United States)'

The COVID-19 pandemic and potential future health crises highlight the critical importance of personal protective equipment (PPE) including surgical gloves, boosting demand and encouraging preparedness.

Shift towards Powder-Free Gloves: The industry is witnessing a shift towards powder-free surgical gloves due to concerns about the potential adverse effects of powdered gloves on wound healing and allergies.

In 2022, North America assumed the market leadership role, capturing more than 37.2% of the global revenue share. This dominance can be attributed to the continuous advancements within the field of surgery, encompassing medical technology innovations and the implementation of High-reliability Organizing (HRO) principles. These developments are anticipated to foster growth within the hospital sector, consequently driving the demand for associated products. The region's commitment to stringent government regulations designed to ensure the safety of patients, medical professionals, and facility personnel, alongside the imposition of substantial penalties for noncompliance, is expected to further stimulate industrial demand.

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Global Surgical Gloves Market
Surgical Gloves Market

Report ID: SQMIG35B2156

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