Global Medical Gloves Market

Medical Gloves Market Size, Share, Growth Analysis, By Form(Powdered and Powdered-Free), By Application(Examination and Surgical), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2789 | Region: Global | Published Date: February, 2024
Pages: 219 | Tables: 59 | Figures: 76

Medical Gloves Market Insights

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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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).

Manufacturers use a variety of tactics, such as acquisitions, mergers, joint ventures, new product developments, and geographic expansions, to increase industry penetration and meet the varying needs of different end users, such as hospitals, home healthcare providers, and outpatient/primary care facilities. 'Ansell Limited (Australia)', 'Top Glove Corporation Bhd (Malaysia)', 'Hartalega Holdings Berhad (Malaysia)', 'Supermax Corporation Berhad (Malaysia)', 'Kossan Rubber Industries Bhd (Malaysia)', 'Cardinal Health, Inc. (United States)', 'Medline Industries, Inc. (United States)', 'Semperit AG Holding (Austria)', 'Mölnlycke Health Care AB (Sweden)', 'Kimberly-Clark Corporation (United States)', 'B. Braun Melsungen AG (Germany)', 'Paul Hartmann AG (Germany)', 'KANAM LATEX INDUSTRIES PVT LTD (India)', 'Shandong Yuyuan Latex Gloves Co., Ltd (China)', 'Smart Glove Corporation Sdn Bhd (Malaysia)', 'Riverstone Holdings Limited (Singapore)', 'Dynarex Corporation (United States)', 'Cypress Medical Products, LLC (United States)', 'TG Medical (USA) Inc. (United States)', 'Mölnlycke Health Care (US) LLC (United States)', 'Halyard Health (United States)'

The public health care system has always relied heavily on surgery. Acute and chronic disorders are becoming more common, and procedures are being performed more frequently to treat them. In the United States in 2018, nearly 18 million people got surgical and minimally invasive aesthetic procedures, according to the American Society of Plastic Surgeons (ASPS). Unique medical gloves are more in demand as there are more procedures. The patient examination is among the most often done procedures on patients in a medical context. Healthcare workers handle patients while wearing medical gloves because of the rising number of these operations.

Through ongoing research and development initiatives, producers are exploring ways to create new disposable gloves. As the prevalence of healthcare-associated infections among patients and healthcare personnel has increased, a more modern medical glove that eliminates bacteria without the use of chemicals has been created. With collaborators from Chemical Intelligence UK, an antimicrobial research and development business, and Hartalega Malaysia, a manufacturer of medical gloves, the University of Nottingham created this kind of medical glove. Furthermore, it is possible to create medical blood-repellent gloves (MBRG) by applying blood-repellent mist spray (MS) on regular medical gloves. These gloves can then be utilised right away. Additionally, these gloves have the ability to stop the spread of Escherichia coli and Staphylococcus aureus and accelerate the healing of cuts and scrapes.

The largest market share holder for medical gloves globally is North America, which is projected to expand at a CAGR of 7.97% over the forecast period. The North American region's aging population is increasing demand for surgical procedures, which has led to an increase in the number of operations carried out there. Due to these causes, there are now significantly more individuals in need of successful medical care and surgical treatments, which is likely to fuel market expansion. Over the coming years, it is anticipated that advantages associated with minimally invasive surgical procedures, such as the absence of cuts or incisions on body parts, little to no blood loss, improved patient care, and increased patient experiences, would help drive market expansion.

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Global Medical Gloves Market

Report ID: SQMIG35A2789

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