DUBLIN–(BUSINESS WIRE)–The “Global Disposable Gloves Market Size, Segments, Outlook and Revenue Forecast 2022-2030 by Product, Form, Application, End User and Key Regions” the report has been added to ResearchAndMarkets.com’s The offer of
The global disposable gloves market is expected to register a positive CAGR of nearly 6% during the forecast period (2022-2030). The market was estimated to be $7 billion in size in 2019 and $10 billion in 2022. It is expected to reach $15 billion by 2030.
According to the World Health Organization’s 2021 Global Health Expenditure report, global health spending doubled in real terms from 2000 to 2019, reaching $8.5 trillion in 2019, equivalent to 9.8% of global GDP.
According to the healthcare industry publication Pharmaceutical Technology, spending was expected to further reach $8.8 trillion in 2021. Increased investment in improving the public healthcare system boosted the market for protective medical devices, such as disposable gloves.
The Asia Pacific region is expected to grow the fastest in the forecast period due to the large number of players operating in the region. According to the Malaysian Institute of Chemistry report in August 2022, 65% of global rubber glove production will be produced in Malaysia in 2022, followed by 20% in China, 10% in Thailand and 3% in Indonesia.
As the disposable gloves market grew from the outbreak of COVID-19, it began to slow down as the intensity of the pandemic faded. For example, Top Glove, one of Malaysia’s leading glove manufacturers, reported sales of $0.32 billion during the third quarter of FY22, down 64% from the $0.91 billion reported last year. With the slowdown of the Covid19 pandemic, the gloves and protective equipment market is consolidating and is expected to hurt the growth of the disposable gloves market.
The Covid19 pandemic had a positive impact on the disposable gloves market. Rubberex, one of the leading manufacturers of disposable gloves, mentioned in its FY21 annual report that sales volume growth for nitrile disposable gloves saw a 23.6% increase from 2020 to 2021, with approximately 1.2 billion units sold vs. 970.5 million pieces in 2020. Also, the average selling price of gloves increased from US$53/1000 pieces to US$73/1000 pieces from 2020 to 2021.
Scope of the Report
According to the product
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Latex
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Nitrile
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Vinyl
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Neoprene
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polyethylene
According to the form
By application
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mEDICAL
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surgery
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examination
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Clean room
By End User
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hospital
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Clinics
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Surgical Centers
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Not Medical
Main competitors
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Ansell Ltd
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Hartalega
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Top Glove Bhd
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Rubberex
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Kossan Rubber Industries
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Cardinal Health Inc
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Sempermed
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Sri Trang gloves
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Attention Plus
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Supermax Corporation Berhad
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Synthomer Plc
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Comfort Rubber Gloves Industries
Key trends by market segment
By product: Nitrile holds the largest share of the global disposable glove market.
Nitrile gloves have been on the market for a long time. However, falling prices and potential application in numerous new industries make it a potentially high-reward investment opportunity for the future.
According to the form: Powder-free gloves tend to be stronger than powder-coated gloves. Powder gloves contain a cornstarch powder that may result in allergies or sensitivities.
Dust-free gloves are very suitable for manufacturing industries, food industries, chemicals and others.
Studies show that powder-free gloves held approximately 75% of the market in 2021 and would continue to dominate the disposable glove shape segment.
By application: The surgical segment holds the largest market share by application in the Global Disposable Gloves Market as the number of surgeries is increasing worldwide.
The increase in Covid19 infections also led to an increase in surgeries. For example, the total number of procedures performed in 2020, in Germany alone, was 858,553, while in Korea 702,621 operations were performed.
The disposable examination gloves are expected to increase over the forecast period, owing to their increasing use in various industries, including food processing, chemicals, automobiles, etc.
From the End User: The medical and healthcare industries are the primary end users of disposable gloves. Disposable gloves are used to prevent cross contamination between patients and doctors. Since these disposable gloves are disposable, they must be discarded after surgical procedures and recycled again.
Physicians remain the prominent end user for disposable gloves and hold the major share of the market.
However, as gloves are improved according to emerging market demands, it is possible that non-medical end users will also become important buyers for the glove industry.
By geography: North America holds the largest share of the global disposable gloves market. The Asia Pacific region is expected to be the fastest growing in the forecast period.
The Asia Pacific region is expected to be the fastest growing region among others. Growth is expected to be driven by the presence of major glove manufacturing players in the region and emerging economies. In the rubber gloves segment, Malaysia holds the major market share with 51% of the global share.
Opportunities in the North American market are driven by people’s awareness regarding infectious viruses and various precautionary measures adopted by national governments. In 2020, the United States ranked as the top net importer of rubber surgical gloves worth $455 million.
Main topics covered in the report
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Global Disposable Gloves Market Snapshot
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Industry and ecosystem value chain analysis
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Market Size and Segmentation of the Global Disposable Gloves Market
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Historical growth of the overall global disposable gloves market and segments
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Market competition scenario and key competitor developments
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Porter’s 5 Forces Analysis of the Global Disposable Gloves Industry
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Overview, Product Offerings and SWOT Analysis of Key Competitors
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Impact of Covid 19 on the overall global disposable gloves market
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Future market forecast and growth rates of total global disposable gloves market and by segment
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Market Size by Application/End-User Segments with Historical CAGR and Future Forecasts
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Global Disposable Gloves Market Analysis
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Major production/consumption centers in global disposable gloves
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Major centers of production/supply and consumption/demand in each major region
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Historical and future market growth rates of the overall market and segments by region
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Overview of prominent emerging competitors within each major region
For more information about this report visit https://www.researchandmarkets.com/r/3ord6
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