Report ID: SQMIG35A2789
Report ID:
SQMIG35A2789 |
Region:
Global |
Published Date: February, 2024
Pages:
219
|
Tables:
59 |
Figures:
76
Medical Gloves Market size was valued at USD 7.50 Billion in 2022 and is poised to grow from USD 8.02 Billion in 2023 to USD 13.67 Billion by 2031, at a CAGR of 6.90% during the forecast period (2024-2031).
The market is driven by factors such as increasing awareness of hygiene standards, rising healthcare expenditure, and the growing demand for gloves in various medical procedures. Additionally, the COVID-19 pandemic has further fueled the demand for medical gloves globally, as they play a crucial role in protecting frontline healthcare workers. The market is characterized by the presence of numerous manufacturers and suppliers, offering a wide range of gloves made from different materials such as latex, nitrile, and vinyl.
These gloves are class I restricted medical equipment under FDA regulation. One of the methods for preventing infections is the medical glove. Medical gloves are a useful tool for preventing infections and germs in the healthcare environment because they act as a barrier between pathogens and the hands of the users. To finish the building of its manufacturing facility in Grove City, Ohio, American Nitrile, LLC announced in March 2022 a strategic alliance with Orion Infrastructure Capital. Twelve production lines with a combined annual capacity of 3.6 billion nitrile gloves were to be completed with the help of USD 105 million from OIC under the terms of the agreement. Even if a patient appears healthy and shows no symptoms of infection, it is advised that HCPs always wear medical gloves whenever they come into contact with the patient's blood, body fluids, bodily tissues, mucous membranes, or broken skin. By design, all medical gloves are either single-use or disposable.
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Report ID: SQMIG35A2789